In an interaction with Jash Kriplani, A Balasubramanian, managing director and chief executive officer, Aditya Birla Sun Life Asset Management Company, shares his optimism on what makes him believe that these cuts can help in addressing multiple issues plaguing the economy, without letting fiscal deficit pose any major risk.
The growing interest in alternative sports is encouraging Ronnie Screwvala to extend the U Mumba brand from kabaddi to football and volleyball.
Enthused by a good monsoon, the government on Wednesday said the economy would grow by over 6.0 per cent and could even log near 8.0 per cent growth
Retirement fund body EPFO settled 1.21 crore subscriber claims, including withdrawal and transfer of provident fund, in 2013-14, an increase of 13 per cent over the previous year.
The RBI has hiked repo or short-term lending rate up by 0.25 pc to 7.75 pc.
The RBI governor has to convert the zero-sum game with the government from a non-cooperative one -- which his two predecessors had made it -- to a cooperative one, explains T C A Srinivasa Raghavan.
After the screening, the shortlisted candidates will be vetted by an external committee, to be headed by former RBI governor, Bimal Jalan.
The rest 25% would be paid to the subscriber at the age of 58.
Economists who get too close to prime ministers eventually come to grief after their boss is defeated
T C A Srinivasa-Raghavan recalls a tussle between the government and RBI when Rajiv Gandhi was prime minister and how it was resolved.
Some unions have opposed EPFO investing in share markets.
Besides managing retirement funds, EPFO may come out with a scheme to provide housing to its over 5 crore (50 million) subscribers on additional contribution of 10 per cent by them from their basic wages every month.
Budget-makers in North Block are looking to maintain this fiscal status quo, in spite of tax revenues nowhere close to where the government wants and in spite of possible higher expenditure commitments.
A staunch defender of demonetisation, it would be interesting to see how he handles the government's increasing demand for more cash from the RBI, and letting some weak banks get out of prompt corrective action.
Twenty-six entities, including the Tatas, Aditya Birla Group, Anil Ambani-led Reliance Capital and Religare, apart from India Post, applied. Videocon Group, later on withdrew its application.
Erstwhile RBI governors, including Raghuram Rajan never had cordial relations with the government.
The report said the import cover has gone down to seven months, last seen in 1998 and hence, RBI will focus on recouping the reserves.
There were three attractive half-centuries but a top and lower-middle order collapse saw hosts Karnataka manage a below-par 264 for 9 against Saurashtra on the opening day of the Ranji Trophy semi-final on Thursday.
'My immediate objective is to start thinking about research once again. Start understanding the world we are in which has changed quite a bit.'
Employees covered under private PF trusts, which manage retirement fund of their workers themselves, will be able to transfer their PF accounts online from next month.
"I would hope that the government would very respectfully request him to continue for one term or my preference would be two terms," Narayana Murthy said.
The Prime Minister said there is a need to have a relook at the structure of the Planning Commission and give it a new shape.
'Nowadays, every week there is a comparison.' 'This week someone is on top, next week someone else.' 'For me, the love that I got made my legs strong, not my head.'
Other members of the high-level advisory committee are former RBI Deputy Governor Usha Thorat, former Securities and Exchange Board of India Chairman C B Bhave, and Nachiket M Mor, Director of the Central Board of Directors of RBI, Governor Raghuram Rajan said.
There are serious issues in the economy which need to be addressed
'Trust your new governor,' Omkar Goswami advises RBI Deputy Governor Viral Acharya. 'Just because he is from the IAS and doesn't carry a PhD from a US university does not make him unsuitable for the task.' 'If anything, Das will pour oil on troubled waters, and save the RBI's reputation.'
Central banking is a science, not an art, Tamal Bandyopadhyay tells RBI Governor Shaktikanta Das.
The meeting has been called as the Finance Minister P Chidambaram did not extend a March 31 deadline for the trusts to get regular tax exemption through the Employees' Provident Fund Organisation.
Fifty per cent of bank restructured assets were in infrastructure, steel, power and telecom sectors.
BofA-ML revised its end-2015 rupee-dollar forecast to 60 from 64 earlier.
RBI policy surely cannot impact agflation, in any case.
RBI Governor Raghuram Rajan on Tuesday said the government will decide on extension of his tenure.
"I think the Governor has been doing a great job for the country and we would certainly see it as a very positive move if he were reappointed," Naushad Forbes, president, CII.
Centre to take a call only in August, just a month before his three-year term ends.
EPFO's Central Provident Fund Commissioner K K Jalan has said that these directives shall help the body in getting the bank account details of all the members which are necessary for making UAN operational.
The EPFO launched one-page simplified forms for withdrawal.
New body to replace Plan panel might retain 40% of existing staff
Experts will give their inputs for Budget.
RBI wants periodic revision of the pensions for its retired employees.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances