The Governor, who completes one year in RBI on Wednesday, has stabilised the rupee and is getting a fix on inflation.
SBI Caps readies plan, identifies 4 assets; bankers say there are enough bidders.
The finance ministry has ruled out the proposal for the appointment of a chief operating officer (COO) of the rank of deputy governor in the Reserve Bank of India (RBI), as the government feels no interim arrangements should be made for such high-profile appointments.
Move comes after the country's monetary authority tightened credit norms
Letter to corporate affairs ministry cites slowing economy, capital challenges.
Leeway on CRR and SLR was a long-standing demand from banks, which the RBI did not agree to till recently.
The Union finance ministry is planning to make rules regarding wilful defaulters more stringent, so that criminal charges can be pressed against such entities.
The country may propose pipeline via China when Putin visits this year.
Focus to be on unbanked areas; initial capital is set at Rs 100 crore; India Post can apply.
The panel suggested the cess for BS-IV and BS-V fuels should accrue to the Oil Industry Development Board
Cabinet may tweak Rangarajan formula; new price may be further delayed.
ONGC takes Reliance to court, alleging years of stealing from its offshore block and a sleeping govt, right after it was agreed there would be a probe by experts.
According to RBI sources, some banks had extended credit to existing borrowers to repay their debt, known as evergreening of loans in banking parlance.
The company is looking to invest more than $3 bn over the next three years.
Earlier this week, the ministry had come out with a clarification, saying domestic gas producers had to stick to the earlier price of $4.2 a unit until a further notification from the new government.
The committee's suggestion that existing commercial banks be allowed to hold payment banks as subsidiaries is also seen as unviable by RBI and the finance ministry.
IBA has commissioned a study to evaluate the pros and cons of keeping banks shut on Saturdays.
The RBI wants to enforce more transparency in public sector banks. Manojit Saha The Apex bank wants the government t oreduce stakes in PSUs.
If the EC decides to put on hold a gas price revision for RIL, it would set a precedent for pricing decisions of the government and policy decisions taken but undergoing procedural delays.
The government appointed panel will look at the difficulties consumers faced in receiving the subsidy after buying gas cylinders at market rates.
