Realtors' apex body CREDAI described the RBI decision to cut repo rate by 50 basis points as a bold step and said this will help boost sales of residential properties.
When it comes to fashion, Katha has just one mantra.
What stood out in his 15-year journey as a member of the political executive at the Centre was his glowing record as India's most successful and effective finance minister. Both as prime minister and finance minister, he understood the importance of gradualism, except when the economy or the polity was in a crisis.
Dr Shreekant Sambrani pays tribute to M S Swaminathan, renowned agricultural scientist and a lifelong crusader against hunger who passed away in Chennai recently.
'They are not tom-tomming what a great thing the Supreme Court decision is.' 'If they say it was a great thing, the public will react because people suffered and are still suffering.'
The speed at which he led the central bank in different areas -- ranging from internal reorganisation to inflation fighting, stabilising the currency, taking on rogue corporations, cleaning up bank balance sheets, and opening the sector -- makes one believe that Rajan knew he had only three years to do his job. A fascinating excerpt from Tamal Bandyopadhyay's MUST-READ Roller Coaster: An Affair with Banking.
Nationalisation has served its purpose. It's time to move ahead, keeping majority ownership of the government in a few banks to serve the people, argues Tamal Bandyopadhyay.
When it comes to running between the wickets -- which is exactly what an FM and a governor do -- Jadeja always defers to Dhoni's larger judgement of the situation and the needs of the team, observes T C A Srinivasa-Raghavan.
The Nanavati Commission probing the 2002 riots has been granted extension of six months till June 30, 2013, for the 19th time, officials associated with the commission said.
Ahmedabad-based Lincoln Pharma on Monday launched the long acting paracetamol pill of 1,000 mg 'Pa12' for sustained relief from fever and pain for 12 hours.
Reserve Bank of India Governor Y V Reddy has been awarded an honorary fellowship by the prestigious London School of Economics and Political Science for his contribution to the cause of the under-privileged.
A controversial Indian-American physician in the United States has been arrested on fraud charges for prescribing abortion-inducing drugs to patients who were not pregnant.
India's economic reforms are the subject of a three-day conference at the Stanford University in USA from June six, with several Indian experts being among the participants.
'The situation is now well under control as police rushed to the spot in time and took necessary steps to maintain law and order,' Mehsana District Superintendent of Police H G Patel said.
Rauf Abdul Majid Dhensli alias Kamli was nabbed from Satpul Odha locality in Godhra, Sub-Inspector R G Patel said.
But the police had to face stiff resistance as a mob pelted stones when they went to Godhra town to arrest Usman Abdul Gani Coffeewala.
The Gujarat government on Monday granted yet another extension to the Justice Nanavati commission which is probing the 2002 post-Godhra riots.
'Modi has shown political courage by instituting several economic reforms which include demonetisation, ushering in GST, eradication of benami transactions...'
Union ministers Prakash Javedkar and Nirmla Sitharaman and senior Janata Dal-United leader Sharad Yadav and Nationalist Congress Party's Praful Patel on Monday took oath as members of Rajya Sabha.
Shastri took the first big step to transform India's agriculture, the benefits of which his successors reaped in plenty, says A K Bhattacharya.
The report contains names of entities eligible for bank licences. It was not immediately known how many applicants have been shortlisted by the high-level advisory panel.
The Nanavati Commission probing the 2002 riots in Gujarat has been granted another extension of six months till December 31 this year by Gujarat government, officials said on Tuesday.
Several Congress leaders interpreted it as a dig at Prime Minister Modi who is yet to address a single press conference in his 54-month tenure.
Other members of the high-level advisory committee are former RBI Deputy Governor Usha Thorat, former Securities and Exchange Board of India Chairman C B Bhave, and Nachiket M Mor, Director of the Central Board of Directors of RBI, Governor Raghuram Rajan said.
For a bunch that fancies itself so greatly and does not hesitate to express an opinion on everything, this is very odd behaviour, says T C A Srinivasa-Raghavan.
Dr Mitra called the Pandara Road crowd a 'cheerful collective of young dreamers,' united in its 'love and pride for the newly Independent India,' despite 'sharp disparities in background, temperament and attitude.' Dr Shreekant Sambrani recalls his encounters with the legendary economist who passed into the ages.
If indeed the issues involved between the government and RBI are of immense public interest, why not make public the arguments of both the government and the RBI, irrespective of the outcome of the process, says Tamal Bandyopadhyay.However, the Act is silent on what happens if the governor's views differ from that of the government. If Patel does not want to budge from his stance the government can either see merit in the Governor's arguments and decide against going ahead with its plan or overrule him. My guess is that the issues raised by the government need to be sorted out not at the November 19 board meeting but between the Governor and the government, says Tamal Bandyopadhyay.
The Reserve Bank on Wednesday said it plans to issue new bank licences around January, "consistent with the highest standards of transparency and diligence."
A parliamentary panel on Friday opposed the new bank licences to corporate houses and voiced concerns over the discretionary power vested with RBI for applying 'fit and proper' criteria for deciding on applications.
'From where prime ministers sit, it makes no difference at all who occupies the governor's post.' 'Literally anyone with a decent education or work experience can be appointed to the job, which is basically a managerial one with little room for manoeuvre,' says T C A Srinivasa-Raghavan.
What is the wider political strategy behind Mr Modi's concerted attack on black money, asks Subir Roy.
India has gone through this exercise twice, and here's what happened then.
Economists who get too close to prime ministers eventually come to grief after their boss is defeated
'The Modi government has been taking credit for improvement in respect of the ease of doing business in India.' 'But when I look at the scams I cannot help feeling that it is too easy to do business with banks in India, if one is a Harshad Mehta, Vijay Mallya or Nirav Modi and their tribe,' says former Union home secretary Madhav Godbole.
Remembering Verghese Kurien, a visionary who singlehandedly built world's biggest agricultural development programme.
A round-up of all the Ranji Trophy matches played on Sunday
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