There are inconsistencies and doubtful provisions in Companies Bill.
Though it's debatable whether power to supersede bank boards can adequately safeguard against the problems created by banks promoted by those with interests in other industries, the finance ministry has at least shed its reluctance to bulldoze the Reserve Bank of India.
In what Rural Development Minister Jairam Ramesh has called the UPA's 'slog overs', several policy changes were announced, and proposed laws cleared.
Earlier, in August, the finance ministry had asked banks to put pressure on real estate developers to cut prices.
The scheme has long-term benefits but rushing to roll out cash transfers without addressing issues can give it a bad name early on.
The ongoing dispute between the Indian company GMR Infrastructure and the Maldives government over the former's contract to build an airport for the Maldives' capital, Male, throws up some knotty questions.
India ranks 4th in the 2013 global manufacturing competitiveness index even as the country's growth rate has been pulled down in recent quarters.
When cash transfers are easy, will govts spend too much?
The key now is expenditure control, but how much?
The RBI closes some, but many others still exist.
How did not-for-profit firm owned 76 per cent by Congress chief Sonia Gandi and her son Rahul possess real estate worth hundreds of crores? N Sundaresha Subramanian and Kavita Chowdhury report
The US election results were in line with expectations and the markets were not surprised.
Reserve Bank's recent policy stance has earned for it praise as well as brickbats.
Reserve Bank of India Governor D Subbarao on Tuesday said the central bank needed more powers before it could firm up the final guidelines on new bank licences.
RBI Also advises imposing a limit on these, beside mandating a system within two months to share information in this regard.
The profitability of industry is under stress and needs to be addressed by encouraging investments in the supply side infrastructure.
The Reserve Bank of India has now said failure to report such cases might lead to penal action.
© 2025 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances