Retail inflation dropped marginally to 7.01 per cent in June mainly due to slight easing in prices of vegetables and pulses, though it still remained above the Reserve Bank's comfort level for the sixth month in a row. The consumer price index (CPI) based inflation stood at 7.04 per cent in the preceding month of May and 6.26 per cent in June 2021. Inflation in the food basket in June 2022 was 7.75 per cent, compared to 7.97 per cent in the previous month, as per the National Statistical Office (NSO) data released on Tuesday.
The agency detected the fixed deposits in State Bank of India, Axis Bank and Bank of India during the questioning of several close aides of Mondal and other witnesses during its ongoing probe in the case, they said.
Some ex-MLAs from Punjab, too, had received similar threats from these numbers. The callers spoke to them in Mumbai accent and in Punjabi, the IGP said.
A policy-related problem that urgently needs to be redressed is the 'miniaturisation' of projects.
For India's leading MFI-turned bank, the challenge is to stay competitive while pricing its loans
The biennial elections for five Rajya Sabha seats from West Bengal began in Kolkata Tuesday morning as six candidates put up fight for berths in the Upper House.
If struggling with dealing with queues of people asking for new notes wasn't enough, banks are now facing the challenge of storing the old notes in their strong rooms.
A picture released by the federal agency showed bundles of seized Rs 500 currency notes along with a few in the denomination of Rs 2,000 and Rs 200 stacked together on a bed.
Debmalya Mazumder shares photographs from a recent trip to Mukutmanipur in West Bengal.
England players were in demand as batter Harry Brook earned a Rs 13.25 crore winning from Sunrisers Hyderabad.
The cruise which was scheduled to dock at the shore for the tourists to visit Chirand, an archaeological site, got stuck because of water deficiency in the Ganges near the Doriganj area of the district.
Sawai, a former banker, is a close aide of former Congress president Rahul Gandhi and heads his research team.
Foreign Secretary Vinay Kwatra on Wednesday refused to speculate on whether the G20 foreign ministers' meeting would be able to come out with a joint communique against the backdrop of widening differences between the West and Russia on the Ukraine conflict.
According to reports, public transport and banking services remain partly disrupted for the second day in some states.
The weather system remained practically stationary during the last six hours and weakened to a depression, and is likely to turn into a well-marked low pressure area during the next 12 hours, it said in a bulletin.
England Test skipper Ben Stokes was bought by Chennai Super Kings for Rs 16.25 crore.
Meanwhile, the US refrained from making any comment on the move to set up the development bank aimed at reshaping the international financial system dominated by the West, saying that the details are yet to emerge.
We bring you some of the best images shot by ace Reuters photographers.
'The central BJP leaders were determined to push Hindutva hard, and it failed.'
Adani Group stocks have taken a beating on the bourses after Hindenburg Research made a litany of allegations in its report, including fraudulent transactions and share price manipulation at the Gautam Adani-led group.
Ahead of the four-Test series against the West Indies, starting in Antigua, on July 21, Rajneesh Gupta sheds light on India's first tour of the Caribbean.
Violence had rocked West Bengal's rural polls on Saturday, leaving 15 people dead while ballot boxes were vandalised, ballot papers torched, and bombs thrown at rivals in several places.
Winding down quantitative easing will be messy for the West and a big problem for India.
More opportunity awaits in India, thanks to decent economic growth with a rising middle class that's just discovering the web through smartphones
India has been relatively insulated from the severe headwinds in the West. However, with a third of the global economy expected to slip into recession in calendar year 2023, the impact will strongly be felt on India's exports and trade economy, leading economists said in a panel discussion at the Business Standard BFSI Insight Summit in Mumbai on Wednesday. The panel comprised former Reserve Bank of India executive director and former Monetary Policy Committee member Mridul Saggar, State Bank of India Chief Economic Advisor Soumya Kanti Ghosh, Citibank India Chief Economist Samiran Chakraborty, ICRA Chief Economist Aditi Nayar, and IndusInd Bank Chief Economist Gaurav Kapoor. The topic of the panel discussion was No recession in sight: Is India decoupled from developed economies?
'India missed the software products revolution (and now is in danger of missing the platform revolution), complacent that we are the software experts of the world based on IT services prowess,' points out Rajeev Srinivasan.
State Bank of India, the nation's largest lender, has stopped processing transactions of Russian entities that have been sanctioned by the West over Moscow's invasion of Ukraine, sources said. To effect this, SBI has issued a circular as it fears that any transaction with entities or sectors under sanction will invite sanction on it as well, sources said. No transactions involving entities, banks, ports or vessels appearing on a US, European Union or United Nations sanctions list would be processed irrespective of the currency of the transaction, they said. Payments due to such entities have to be processed by other mechanism rather than through the banking channel, sources added.
'The market has picked up for commercial vehicles. We are very close to pre-pandemic levels.'
India has moved up to 58th rank in terms of foreign money lying with Swiss banks, but it accounts for a meagre 0.15 per cent of an estimated $1.6 trillion total global wealth held in Switzerland's banking system.
The Nizam's descendants, Prince Mukarram Jah -- the titular eighth Nizam of Hyderabad -- and his younger brother Muffakham Jah, joined hands with the Indian government in the legal battle against Pakistan for possession of over around 35 million pounds lying with NatWest Bank plc in London.
There is not much bank employees can do, but some words of encouragement from the management would have helped. Stretched working hours and the tense atmosphere is taking a toll on their health.
Any attempt to defang Islamic State must first cut off its main sources of funding, especially its revenue from oil sales, extortion and crime, ransom payments, and support from foreign donors. This will also be need to be backed up by efficient forces on the ground.
Tipra Motha has decided to go solo and hopes to sweep the 20 tribal-dominated seats that hold the key to power in the northeastern state that has a 60-member assembly.
The staff of public sector banks had gone on a nationwide strike for two days beginning February 10 after discussions with the IBA failed.
'So far as supervision is concerned, there are enough powers but to take action on public sector banks, consultation with the government is needed.'
Rajasthan Royals would be banking on their near-perfect combinations in almost all departments of the game to put up another commanding performance when they take on a strong Punjab Kings.
The next 10 images prove that we live in a wonderfully weird world.
The central agency asked Banerjee to appear at its Kolkata office on Friday morning, he said.
With regular skipper Shreyas Iyer ruled out, the Kolkata Knight Riders will heavily bank on new coach Chandrakant Pandit as they set their eyes on a third IPL title.
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