Day: September 12, 2020

Merkel Scrapping Nord Stream Would Unravel German Gas Strategy

(Bloomberg) — As Angela Merkel weighs up the arguments for scrapping a Russian pipeline project, a cornerstone of the German chancellor’s carefully crafted energy strategy is at stake.

Merkel is coming under increasing pressure to ditch the Nord Stream 2 pipeline after the poisoning of Russian opposition politician Alexey Navalny. Members of her own party have questioned the project and Polish Prime Minister Mateusz Morawiecki said the decision should be a “no brainer.”

But cancellation would mean unwinding years of government strategy to turn Germany into a lucrative gas hub as it boosts supplies of the fossil fuel during the

Converting crisis into opportunity: PM Modi inaugurates 1.75 lakh houses; time for making houses halved

The time for completion of houses under PMAY-G has been cut from 125 days to a mere 45-60 days during the pandemic

Prime Minister Narendra Modi today said that the time for completion of houses under PMAY-G has been cut from 125 days to a mere 45-60 days during the pandemic, which is a classic example of converting the coronavirus crisis into an opportunity. Narendra Modi inaugurated 1.75 lakh houses built under the Pradhan Mantri Awas Yojana on Saturday. The Modi government had promised “Housing for All by 2022”, for which a flagship programme of PMAY-G was launched in November

Shaktikanta Das asks banks to reorient post-pandemic; suggests to look at these ‘sunrise’ sectors

Shaktikanta Das suggested that banks need to look out for ‘sunrise’ sectors while supporting those which have the potential to bounce back. 

RBI Governor Shaktikanta Das said that the banks should look deeply within and reorient banking after the coronavirus pandemic. Shaktikanta Das added that the core of resilient banks is made up of good governance, effective risk management, and robust internal controls, according to the RBI’s September bulletin. He further said that as boosting the immunity of the population is the key to tackle pandemic, the key to long term financial stability would be to foster tangible improvement in