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New MFI Bill to leave no space for state laws

The new law to regulate the microfinance sector may make similar state legislation null and void.The Bill - to centrally regulate microfinance institutions (MFIs) - may also cap the rates charged......

Effective communication: Subbarao 's recipe

Reserve Bank of IndiaGovernor D Subbarao on Sunday outlined for the central bank a comprehensive communication strategy aimed at achieving clarity, effectiveness, honesty and consistency."Open and......

Govt to borrow Rs 1.4 lakh crore

The government on Thursday said it will borrow an additional Rs 1,40,000 crore (Rs 1400 billion) during the first half of next fiscal to fund its increasing public expenditure.The gross borrowings,......
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