News, I read on 9th June

1) Bank credit growth may fall to a multi-decade low of 0-1 per cent in FY21 from six per cent in FY20 due to the economic disruption caused by covid-19, rating agency Crisil
Ref:Business Standard

2) The Reserve Bank of India on Monday proposed major changes in secularization norms aimed at development of a strong and robust market for the same in the country.
Ref:Yahoo Finance

3) India's economy will shrink by 3.2 per cent in the current fiscal, the World Bank projected.
Ref:Business Standard

4) State Bank of India (SBI) gave its customers a huge relief on Monday by sharply reducing lending rates, of all hues, by 25 to 75 basis points, which will have to be matched by other lenders too.
Ref:Business Standard

5) India is considering raising import taxes on edible oils as the country seeks to become self-reliant by boosting local oil seed production with the help of tax revenues.
Ref: Reuters

6) Oil slipped on Monday after Saudi Arabia said that an extension of output cuts by OPEC+ nations would not include additional voluntary cuts by a trio of Gulf producers.
Ref: Reuters

7) Finance minister Nirmala Sitharaman on Monday said that the government will consider extending the deadline for availing a lower corporate tax rate on fresh manufacturing investments. 
Ref: Livemint