Aneesh Phadnis &Amp;Amp; Anup Roy

Stories by Aneesh Phadnis &Amp;Amp; Anup Roy

RBI to buy bonds worth Rs 20,000 crore via open market operations on Feb 10

RBI to buy bonds worth Rs 20,000 crore via open market operations on Feb 10

Rediff.com   9 Feb 2021

However, the RBI is still not in a mood to issue an OMO calendar, which was the expectation in some sections of the market.

Budget cuts revenue expenditure on welfare schemes, salary, pension

Budget cuts revenue expenditure on welfare schemes, salary, pension

Rediff.com   2 Feb 2021

The continuing fiscal stimulus is heavily tilted towards capex, to the extent that it chips away a part of revenue spending. Accounting for other areas of revenue expenditure, such as salaries, pensions, subsidies and defence (committed spend), the room to spend on welfare schemes, health and education will narrow in FY22.

RBI to crack whip on recovery agents, calls for restricting messaging apps

RBI to crack whip on recovery agents, calls for restricting messaging apps

Rediff.com   28 Jan 2021

Digital lending apps extend small amounts at exorbitant rates. Payment delays invite messages to customer or close family members, often with sensitive information such as Aadhaar and PAN Card scans.

Ministry bats for coronavirus vaccines for aviation staff

Ministry bats for coronavirus vaccines for aviation staff

Rediff.com   25 Jan 2021

Railway employees including station masters, engine drivers, ticket checkers, etc too have been selected for vaccination and their list is being compiled for the exercise.

Centre, states team up with RBI, Big Tech to fight Chinese lending apps

Centre, states team up with RBI, Big Tech to fight Chinese lending apps

Rediff.com   22 Jan 2021

A user just needs to download any app floated by such fraudsters and apply for instant loans. These apps are mainly concentrated on Google Play considering the reach and popularity of Android systems.

Cash was king in 2020 even as digital transactions increased

Cash was king in 2020 even as digital transactions increased

Rediff.com   20 Jan 2021

The hoarding of cash accentuated from the very start of 2020, when the coronavirus pandemic started taking hold the world over, and fear of the pandemic prodded people to remain liquid for emergency use.

TCS' market capitalisation touches all-time high of Rs 12 trillion

TCS' market capitalisation touches all-time high of Rs 12 trillion

Rediff.com   15 Jan 2021

Currently, TCS is India's second most valuable firm after Reliance Industries, which has a market cap of nearly Rs 12.9 trillion.

As airlines spread wings, regional connectivity gets a boost

As airlines spread wings, regional connectivity gets a boost

Rediff.com   15 Jan 2021

While the number of operational airports in the country will rise to 131, other smaller towns too are seeing a surge in connectivity.

If it ain't broke, don't fix it: RBI working paper on 4% inflation target

If it ain't broke, don't fix it: RBI working paper on 4% inflation target

Rediff.com   5 Jan 2021

The paper seems to be suggesting strongly that the tight target range be maintained even as the central bank is all set to miss the target range for three consecutive quarters because of the Covid crisis.

'Under him, the RBI delivered strong, timely, and decisive policy initiatives'

'Under him, the RBI delivered strong, timely, and decisive policy initiatives'

Rediff.com   2 Jan 2021

Economists praise Das for his pragmatism and willingness to face challenges head on. And in doing so with the finesse of an able administrator.

Frauds decline in banking system as RBI increases supervision

Frauds decline in banking system as RBI increases supervision

Rediff.com   31 Dec 2020

According to the Trends and Progress Report of the RBI, 98 per cent of frauds in terms of value were related to loans, and their occurrence was spread over several previous years.

In midst of holiday season, Dubai flights hit by seat allocation dispute

In midst of holiday season, Dubai flights hit by seat allocation dispute

Rediff.com   25 Dec 2020

Dispute arose as Indian carriers objected to Emirates flying passengers beyond Dubai, and Dubai authorities complained that Indian airlines have been flying more flights than allocated to its carriers.

Why RBI wants rupee to remain weak for some more time

Why RBI wants rupee to remain weak for some more time

Rediff.com   24 Dec 2020

The RBI governor is focused on growth, and keeping rupee slightly depreciated is part of that 'Atmanirbhar Bharat' strategy.

Night curfew: New Year parties, travel plans fizzle out

Night curfew: New Year parties, travel plans fizzle out

Rediff.com   24 Dec 2020

Miffed hotels, restaurants stare at huge losses on account of advance planning for events that they now have to shelve.

ATM-isation of banking is here

ATM-isation of banking is here

Rediff.com   22 Dec 2020

But what do banks gain by opening their apps for all? The answer -- rival bank's customers under their fold.

Jio accuses Airtel, Vodafone Idea of fanning farmers' ire against it

Jio accuses Airtel, Vodafone Idea of fanning farmers' ire against it

Rediff.com   15 Dec 2020

The latest telecom war kicked off after some pictures surfaced, showing Airtel banners among agitating farmers. According to the Jio camp, it was a giveaway that farmers were being enticed to port their phone numbers.

Was Peter Kerkar responsible for the 'death' of Cox & Kings?

Was Peter Kerkar responsible for the 'death' of Cox & Kings?

Rediff.com   12 Dec 2020

Was Kerkar duped by his employees, as he claims, or did a cocktail of greed, poor cost control and bad management bring the travel firm down, wonder Pavan Lall and Aneesh Phadnis.

'After Covid, demand will be back with a vengeance'

'After Covid, demand will be back with a vengeance'

Rediff.com   11 Dec 2020

'When there is unlocking, there is demand revival.' 'This is going to be the main growth engine in this kind of an economic scenario.'

Ministry urges Covid-19 insurance cover for foreign tourists

Ministry urges Covid-19 insurance cover for foreign tourists

Rediff.com   8 Dec 2020

Indian and global airlines such as SpiceJet, Emirates, Virgin Atlantic among others too are marketing Covid-19 insurance products to attract passengers.

Vodafone Idea hikes tariff as it struggles to pay dues

Vodafone Idea hikes tariff as it struggles to pay dues

Rediff.com   2 Dec 2020

The latest move, even if it is symbolic, is the first rate hike after the one announced end of 2019.