Price rise in services sector after the goods and services tax (GST) gets implemented and the pay hike of central government employees will make inflation control a tough job for the central bank
Vishal Kampani has big shoes to fill as his father is close to the Ambanis, the Wadias and the Ruias, says Dev Chatterjee.
RBI is expected to discuss about the impact of GST in its monetary policy.
A GST roll-out by April 1 looks difficult, giving the companies some succour.
Vishal Kampani said one of the important lessons he learnt from his father was to be humble.
A senior official with Muthoot Finance said the group would also want to apply for a universal licence.
Interview with former Reserve Bank of India governor by Duvvuri Subbarao.
The private companies announced projects worth Rs 11.33 lakh crore (Rs 11.33 trillion) during 2014-16.
Analysts, however, said the timing of the infusion was good.
'The idea is to align the HR policies and work culture with changing times'.
A strong currency helps in fighting some of the import-led inflation.
According to Subbarao, the pressure on the currency was inevitable.
Subsequent data revisions revealed that growth had not slowed that sharply.
In his book, former governor Subbarao says Chidambaram, Pranab were piqued by his tight rate policy.
USL board said its second forensic audit by EY has revealed fund diversion worth Rs 1,225 cr to Mallya companies.
'It is surprising and unfortunate that unfounded allegations are now being made without any reference to me whatsoever,' Vijay Mallya said.
In 2007, Essar had said it would set up a $1.8-bn unit in Minnesota, but scaled down from a full-scale taconite steel mill project to pellet plant after the 2008 financial crisis
Firm makes disclosures of improper transactions worth Rs 1,225.3 crore with entities linked to beleaguered businessman
If money allocations, investment commitments are a sign of better things to come, the state can be optimistic.
Banks had raised about $34 billion through the FCNR (B) from deposits from NRIs in September 2013.
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