Somesh Jha &Amp; Subhayan Chakraborty

Stories by Somesh Jha &Amp; Subhayan Chakraborty

RBI may have to restructure its key committees

RBI may have to restructure its key committees

Rediff.com   30 Nov 2018

The government has proposed "drastic changes" in the rules framed to retune the composition of three committees of the RBI: Board for Financial Supervision, the Board for Payment and Settlement Systems and the Committee of the Central Board.

At G20 meet, PM will sell India as a hot investment destination

At G20 meet, PM will sell India as a hot investment destination

Rediff.com   29 Nov 2018

The G20 chair has suggested three areas for the talks in Argentina - the future of work, infrastructure for development and a sustainable food future, areas where India has a lot at stake.

PSBs get more teeth to checkmate defaulters

PSBs get more teeth to checkmate defaulters

Rediff.com   23 Nov 2018

The Ministry of Home Affairs amended its guidelines on October 12 to include the chairman, managing director or chief executive officer of each public sector bank on the list of authorities who can issue requests for opening look-out circulars against whom an FIR is yet to be filed.

Modi bracing for tough RCEP meet in Singapore

Modi bracing for tough RCEP meet in Singapore

Rediff.com   12 Nov 2018

Modi will have limited choice other than stressing upon a request for more time to decide on tariff rates, especially with elections in 2019.

Ease of Doing Business: How REAL is India's ranking?

Ease of Doing Business: How REAL is India's ranking?

Rediff.com   9 Nov 2018

For the second year in a row, India has been recognised as the fifth-best performing nation in reforming the business environment. However, in the two categories that the government was banking on most - "Paying Taxes" and "Resolving Insolvency" - landmark reforms that were expected to yield better results have had the opposite effect. Under the circumstances should the country celebrate already or are there any reasons for worry, wonders Subhayan Chakraborty.

FinMin-RBI differences come to the fore again

FinMin-RBI differences come to the fore again

Rediff.com   31 Oct 2018

The Financial Stability and Development Council meeting on Tuesday started with an air of tension in the room. An official present described the participants' body language as "tetchy". However, once presentations and discussions begun, the mood considerably eased.

Why govt's employment data is not reliable

Why govt's employment data is not reliable

Rediff.com   30 Oct 2018

Concerned with the continuous downward revision, the EPFO has since last month begun counting people quitting their previous jobs and joining a new one as an addition to the net payroll.

Govt says RBI did not consult it over important decisions

Govt says RBI did not consult it over important decisions

Rediff.com   30 Oct 2018

'The PCA framework was revised and tightened in April 2017, but there was no discussion in any board meeting. The government does not know the rationale behind revising the framework and how the RBI arrived at it. Similarly, there was no discussion in the board meeting on the revised NPA framework,' said an official.

FDI from China drops to $141 million in 4 years

FDI from China drops to $141 million in 4 years

Rediff.com   25 Oct 2018

Overall, cumulative direct investment from China stood at just $2.05 billion till June 2018, according to consolidated DIPP figures

How PSBs plan to groom their leaders

How PSBs plan to groom their leaders

Rediff.com   17 Oct 2018

The training programme will contain thought leadership courses, group exercises, simulations, including role plays and situation analysis and personal explorations workshops

India's unions are upset with the Modi Sarkar

India's unions are upset with the Modi Sarkar

Rediff.com   9 Oct 2018

The unions term the introduction of fixed-term employment as a 'modern labour slavery system' introduced through the 'back door'.

'Frankly, no need for curbs on gold'

'Frankly, no need for curbs on gold'

Rediff.com   5 Oct 2018

'Curbs will again lead to the grey market developing, undoing all the work done over the last two-and-a-half years.'

All you want to know about Atal Bimit Vyakti Kalyan Yojana

All you want to know about Atal Bimit Vyakti Kalyan Yojana

Rediff.com   28 Sep 2018

The Ministry of Labour and Employment on Wednesday announced a scheme to financially support those who lost their jobs and were covered under the Employees' State Insurance Act, 1948. Somesh Jha explains the key features.

Linking Aadhaar to PF account must for those earning below Rs 15,000/month

Linking Aadhaar to PF account must for those earning below Rs 15,000/month

Rediff.com   28 Sep 2018

Employees joining companies after August and availing of the government benefits under the Pradhan Mantri Rojgar Protsahan Yojana (PMRPY) will also have to link their PF accounts with Aadhaar numbers.

Truth behind EPFO's payroll data

Truth behind EPFO's payroll data

Rediff.com   21 Sep 2018

Concerned by the continuous downward revision in the monthly net enrolment numbers, the EPFO has begun counting people quitting their previous jobs and joining a new one as an addition to the net payroll. According to experts these people cannot be counted as those who got a new job.

Govt to inject Rs 2350 crore into Central Bank of India

Govt to inject Rs 2350 crore into Central Bank of India

Rediff.com   20 Sep 2018

Capital infusion seen necessary for banks to maintain regulatory norms at the time of paying interest towards AT-1 bonds

Apples, almonds, walnuts from US to attract 50% higher tax

Apples, almonds, walnuts from US to attract 50% higher tax

Rediff.com   17 Sep 2018

The US side had pushed for removal of price caps on medical equipment such as coronary stents and a commitment by India to reduce trade imbalance

Did Prabhu's tweet on exports help markets, rupee recoup losses?

Did Prabhu's tweet on exports help markets, rupee recoup losses?

Rediff.com   14 Sep 2018

Export trade during August 2018 recorded at $27.84 billion, a positive growth of 19.21 per cent, tweeted Prabhu.

Was Rs 42,200-crore worth dirty money deposited in Jan-Dhan accounts post DeMO?

Was Rs 42,200-crore worth dirty money deposited in Jan-Dhan accounts post DeMO?

Rediff.com   12 Sep 2018

The CBDT has begun the process of matching the deposits in accounts opened under the Pradhan Mantri Jan-Dhan Yojana (PMJDY), or Jan-Dhan accounts, with the profile of the depositors.

Defence and foreign policy, not trade, on agenda for 2+2 dialogue

Defence and foreign policy, not trade, on agenda for 2+2 dialogue

Rediff.com   5 Sep 2018

The issues around trade gaps, especially around steel and aluminium tariffs imposed by the US, will be addressed separately.