RBI governor Raghuram Rajan is concernedabout the rupee votality.
A Varanasi court on Thursday reserved till October 21 its order on a plea seeking inclusion of the Gyanvapi mosque's 'wazookhana' in the ongoing Archaeological Survey of India (ASI) survey of the mosque complex.
"You can memorize 1000s of words, but what do you do if you get a word that you don't know?"
Large urban co-operative banks may come to be solely under the provisions of the Banking Regulation Act, even as the smaller among them are to remain within the exclusive fold of the Registrar of Co-operative Societies. The upcoming changes will bring the curtains down on the vexed issue of dual control of UCBs, which has been in vogue for 54 years. The new framework will affect 1,551 UCBs in the country, which had a total business of Rs 7.36 trillion.
The Supreme Court on Tuesday asked the Bihar government to put in the public domain the break-up of the caste survey data to enable those aggrieved to challenge the findings.
There hasn't been any dramatic moment in the first act (the Budget) but nobody would complain. It's par for the course as long as the figures don't change in the main Budget, which will be presented after general elections.
As the adjournment of Parliament for an indefinite period with the Rajya Sabha also adjourning sine die kickstarts the final countdown for the general elections, Modi said the last five years were a period of "reform, perform and transform" with the country moving towards "big changes" at a fast pace.
The apex court observed that it respects the local sentiments but asserted authorities cannot let the law of the land not prevail especially when there is nothing affecting the personal rights or personal laws.
Six bills, including the one to amend the Jammu and Kashmir Reorganisation Act, were introduced in the Lok Sabha on Wednesday amid protests by opposition members over the violence in Manipur.
'It makes sense to have gold in one's portfolio keeping the political and economic risks of 2024 in mind.'
The case is linked to an alleged fraud of over Rs 512 crore in a Panvel-based cooperative bank.
In a move to strengthen governance in private sector banks and wholly-owned subsidiaries of foreign banks, the Reserve Bank of India (RBI) on Wednesday directed them to have at least two wholetime directors. Lenders that do not meet the requirement will have to submit the names for the RBI's approval within four months. Banks need prior approval from the banking regulator for the appointment of wholetime directors.
The Supreme Court on Monday quashed the Gujarat government's decision to grant remission to 11 convicts in the case of gangrape of Bilkis Bano and murder of seven of her family members during the 2002 riots in the state, saying the orders were "stereotyped" and passed without application of mind.
The Lok Sabha on Wednesday passed three bills to replace the colonial-era criminal laws by voice vote.
The verdict had led to massive outcry and violent protests by different SC/ST organisations across the country in which several people had died and many injured.
Years before the Supreme Court struck down as 'unconstitutional' an opaque political funding tool that allowed individuals and companies to donate money to political parties anonymously and without any limits, the then finance minister Arun Jaitley -- the prime mover of electoral bonds -- had termed them legitimate and transparent.
With the kind of money and talent that has gone into making this movie, a really good biopic of a personality like Savarkar could be made. But this film is lost in polemics, as is the case with almost every biopic and period drama today, observes Utkarsh Mishra.
Dealing with the misuse of provisions of SC/ST Act and lodging of false cases, the bench said it was not due to the caste system but due to human failure. The directions passed on provision of arrest and conducting a preliminary probe before any case is lodged is uncalled for and the court should not have exercised its plenary powers, said the bench.
The judgment was reserved after a marathon hearing which went on for 38 days spanning four months.
The Uttarakhand assembly on Wednesday passed a stricter anti-conversion Bill making unlawful conversion a cognisable and non-bailable offence punishable with imprisonment for a term of at least three to a maximum of 10 years.
The hideout was dismantled by police in collaboration with the troops of Rashtriya Rifles and Central Reserve Police Force (CRPF) in a meticulously planned operation in Paribag area of Bhadat Saroor, Senior Superintendent of Police, Kishtwar, Khalil Poswal said.
In its judgment last year, the apex court had set aside the Bombay high court order which gave a clean chit to Fadnavis and held that he did not deserve to be tried for the alleged offence under the Representation of Peoples Act (RPA).
'To the believers of crypto regulations, I have only one question to ask, how will you regulate it?'
The 'Pesta Demokrasi' is a cause for celebration not only for Indonesia but also for democracy and forces for peace all over the globe, notes Sandeep Chakravorty, India's Ambassador to Indonesia.
Under Urjit Patel, the then RBI Governor, the central bank had a habit of making complete about-turns on various issues, including electoral bonds and digital payments, former finance secretary Subash Chandra Garg said in his book titled 'We Also Make Policy: An Insider's Account of How the Finance Ministry Functions.' Citing some instances of about-turns by the then RBI Governor Patel, Garg in his book said, RBI had done so on the electoral bond issue and it had so in case of setting up of Payments Regulatory Board (PRB). RBI also made unilateral decisions like ordering complete data localization for participation in the payment system, Garg wrote in the book which will hit the stands on October 1.
If convicted, Asaram faces maximum sentence of 10 years.
The Supreme Court has agreed to examine a plea on whether seeking details of hotel stays and call records to prove allegations of adultery are violative of the fundamental right to privacy under Article 21 of the Constitution.
'Now that all the early adopters have the electric car, governments are backing down in some countries because they do not have the money to subsidise so much.'
State-owned explorer's foreign arm wants to invest in exploration & production in the country, which has world's fourth-largest reserves.
Asserting that Aligarh Muslim University is not a minority institution, Rashtriya Swayamsevak Sangh on Saturday said the varsity is committing a "big crime" by not implementing the policy of reservation for SCs, STs and OBCs.
The Armed Forces (Special Powers) Act or AFSPA was extended by another six months in Manipur on Wednesday barring 19 police stations falling under the Imphal valley and an area that shares its boundary with neighbouring Assam.
It also provides that no preliminary enquiry will be required for registering a criminal case and an arrest under this law would not be subject to any approval.
Delivering a public speech hours after the RBI launched a rescue act for Yes Bank on March 6, Governor Shaktikanta Das reiterated the RBI's affirmation to do whatever was needed to combat the coronavirus impact. On that day, India had only one confirmed COVID-19 infection, the World Health Organisation was five days off from declaring it as a pandemic and the financially debilitating lockdowns were not even on the horizon. Das' promise on efforts to mitigate COVID-19 impact appeared as a footnote in news reports from the event.
Startup founders need to sit up and think about how not to take stardom for granted and how not to disappoint their fans who have stood in long queues for those precious selfies with popular entrepreneurs, notes Nivedita Mookerji.
The Reserve Bank on Friday superseded the board of the city-based Abhyudaya Cooperative Bank on concerns emanating from "poor governance" and appointed an administrator to manage the affairs of the lender. In what can be seen as a step that should allay depositors' concerns, the central bank did not put any restrictions or moratorium on deposit withdrawals because of the comfort it gets on the bank's finances, according to people in the know. "(The) action is necessitated due to certain material concerns emanating from poor governance standards observed in the bank.
Has Vijay Shekhar Sharma given up on the bank? For now, he seems to be on a save-OCL mission. The bank will face its logical end, observes Tamal Bandopadhyay.
The Supreme Court on Monday sought response of former ICICI Bank CEO-cum-MD Chanda Kochhar and her businessman husband Deepak Kochhar on a plea of the CBI challenging the interim bail granted to them by the Bombay high court in a loan fraud case. A bench of Justices Aniruddha Bose and Bela M Trivedi issued notice on the plea of the CBI and sought the response of the couple in three weeks.
The home minister said eight people were killed -- six in Madhya Pradesh and one each in Uttar Pradesh and Rajasthan, during Monday's Bharat Bandh.
Showing the effect of the slowdown in global economic activity, the equity foreign direct investment (FDI) into India declined sharply to $13.9 billion in April-July 2023 from $22.04 billion a year ago. The net FDI, inflows minus outflows, declined from $17.28 billion in April-July 2022 to $5.70 billion in April-July 2023 on account of moderating gross FDI and a rise in repatriation. Gross FDI into India moderated to $22.0 billion during April-July 2023 from $29.6 billion a year ago, according to Reserve Bank of India data.
The ED, which is probing 'illegal' sand mining under the Prevention of Money Laundering Act apprised the court that it is in possession of credible scientific evidence.
