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REUTERS: The U.S. Federal Reserve's massive stash of bonds and other assets slipped for a third straight week to its smallest size since mid-May, data released by the central bank on Thursday showed. Meanwhile, the central bank has still made no loans under its two-week old Main Street lending facility, meant to extend easy credit to small and mid-sized businesses that cannot get it elsewhere, the data showed. It is not entirely clear why, amid a deep and steep recession, the loans have not drawn more interest. When the Fed first proposed it, staff worked urgently on standing it up as thousands of letters poured in with suggestions for how to make it more useful. The central bank tweaked its plan in response to many of those suggestions. But since the onset of the coronavirus crisis, financial conditions have eased, making credit more easily available. That has been in no small part due to the Fed's other actions, including a raft of other credit and lending facilities as well … [Read more...] about Fed balance sheet shrinks further, and still no Main Street loans

JAKARTA: Indonesian President Joko Widodo has prioritised economic development during the first 100 days of his last term in office, say analysts interviewed by CNA, adding that other matters like the environment and legal reforms may have taken a backseat. This approach is in stark contrast with Mr Widodo's first term in office, where he quickly tackled an array of issues like the law, security and economy. In every public occasion during the last few months, the Indonesian leader, popularly known as Jokowi, has spoken about global economic challenges and investment, noted political analyst Yunarto Wijaya from think-tank Charta Politika. “This has its consequences and risks. Other sectors are being less prioritised,” Mr Wijaya said. "This is a good sign for investors and economists, but on the other hand, it creates a big risk for those not in that sector such as law enforcers, corruption eradicators, environmentalists, and human rights defenders." QUESTIONS OVER … [Read more...] about Economic development the main focus in first 100 days of Jokowi’s final term in office: Analysts

For Quick Alerts Subscribe Now Coronavirus: Planning to get vaccinated tomorrow, says Harsh Vardhan View Sample For Quick Alerts ALLOW NOTIFICATIONS For Daily Alerts #Harsh Vardhan Centre committed to strengthen connectivity, bring development in north-east region: Harsh Vardhan #Harsh Vardhan Dr Harsh Vardhan should say he is not endorsing Patanjali's Coronil, says Indian Medical Association #Harsh Vardhan IMA ''shocked'' over Patanjali’s claim on Coronil; demands explanation from Harsh Vardhan #Harsh Vardhan Harsh Vardhan appeals to healthcare, frontline workers to get vaccinated against COVID #Harsh Vardhan India stands on threshold of vaccinating each and every Indian against COVID-19: Vardhan #Harsh Vardhan About 18-19 vaccine candidates against COVID-19 in pipeline: Harsh Vardhan Just In 11 min ago Spectrum auctions underway; 2,251.25 megahertz … [Read more...] about ‘If someone dies 4 days or 10 days after inoculation, you can’t link it to vaccination’: Harsh Vardhan

For Quick Alerts Subscribe Now Coronavirus: Planning to get vaccinated tomorrow, says Harsh Vardhan View Sample For Quick Alerts ALLOW NOTIFICATIONS For Daily Alerts #Sensex Sensex tanks over 1,000 points in opening trade #Sensex NSE tech glitch resolved, resumes at 3.45 pm; Trading hours extended till 5 pm #Sensex Sensex and Nifty scale new highs ahead of RBI policy decision #Sensex Sensex zooms over 1,700 pts after Budget 2021; Nifty reclaims 14K #Sensex Sensex crash: Investors lose Rs 7 lakh crore as mutant virus spooks global markets #Sensex Sensex opens at record high, turns choppy in early trade Just In 12 min ago Spectrum auctions underway; 2,251.25 megahertz radiowaves valued at Rs 3.92 lakh cr up for bidding 21 min ago Inspired, humbled says Bharat Biotech after PM Modi gets vaccination 32 min ago Chhattisgarh Budget: … [Read more...] about Sensex surges over 500 pts in early trade; Nifty tops 14,680

For Quick Alerts Subscribe Now Coronavirus: Planning to get vaccinated tomorrow, says Harsh Vardhan View Sample For Quick Alerts ALLOW NOTIFICATIONS For Daily Alerts #Jnu Protest at Gateway of India: Mumbai cops charge 36 #Jnu JNU to re-open from Monday; students have to undergo 7-day self-quarantine #Jnu Hope Swami Vivekananda's statue teaches everyone devotion, intense love towards nation: PM Modi #Jnu JNU student Sharjeel Imam arrested for Delhi riots #Jnu JNU warns its students against providing shelter to Delhi violence victims #Jnu Guwahati local court sends Sharjeel Imam to 4-day police remand Just In 12 min ago Spectrum auctions underway; 2,251.25 megahertz radiowaves valued at Rs 3.92 lakh cr up for bidding 21 min ago Inspired, humbled says Bharat Biotech after PM Modi gets vaccination 32 min ago Chhattisgarh Budget: … [Read more...] about JNU allows final-year MPhil students on campus