Electric Equipment Sector Seeks Govt's Intervention For Relief Against Dues
The electric equipment industry has sought the government’s intervention for relief against pending dues and imminent slowdown. The industry claims it has pending dues of Rs 15,000 crore, mostly from state government departments and is apprehensive that it will increase as economic activity slows because of COVID-19.
.is the representative body for the industry.
Business Standardhas reviewed the letter. It said the electrical industry is heading towards a slowdown.
IEEMArepresents makers of transformers, transmission towers, meters, cables, wires and several industry scale and consumer electric and electronic products. Most of the projects relating to strengthening of power distribution systems, installing of meters, new transmission projects would now be on hold.
BoE Loosens Capital Rules
The Bank of England has taken a significant step towards easing post-crisis regulation by lowering its estimate of the c... Read more
Monzo Looks For US Banking License
Monzo is preparing a renewed push to secure a US banking licence, four years after abandoning its first attempt when tal... Read more
Crypto Firms Push Into US Banking
America’s cryptocurrency companies are scrambling to secure a foothold in the country’s traditional banking system, ... Read more
Parallel Banking: Stablecoins Are Now Global
Parallel Banking: How Stablecoins Are Building a New Global Payments SystemStablecoins—digital currencies pegged to tr... Read more
JPMorgan Deploys AI Chatbot To Revolutionize Research And Productivity
JPMorgan has deployed an AI-based research analyst chatbot to enhance productivity among its workforce, with approximate... Read more
Private Equity And Banks: The Complex Web Of Leverage
Private equity has emerged as a significant force in the global financial landscape, driving substantial growth and inve... Read more