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Mamata assigns portfolios to council of ministers

West Bengal Chief Minister Mamata Banerjee on Friday allocated portfolios to her newly sworn-in council of ministers, keeping to herself nine departments, including Home, Land and Land Reforms.......

Dr Homi Sethna: Man who powered India's nuke dream

Dr Homi Nusserwanji Sethna will be remembered as doyen of the Indian nuclear programme and the force behind the country's first nuclear test. Sethna, a tough taskmaster, took over as chairman of......

Indian to head Monterey policy institute

An expert in international and development economics has been appointed president of the prestigious California-based Monterey Institute of International Studies. As president of the institute,......

Bankers see rates falling by 25-40 bps more before Mar

Of the six-member rate-setting monetary policy committee, five members voted for a 25 bps cut while one by 40 bps, the RBI said. Illustration: Uttam Ghosh/Rediff.com Welcoming the 25 basis points......

Rs 5,000-crore stressed asset fund for MSMEs mooted

The RBI panel has also recommended a government-sponsored ‘fund of funds’ of Rs 10,000 crore to support the venture capital and private equity firms investing in the MSME sector. A......

RBI keen to link home, auto loans with external benchmark

Currently, banks follow system of internal benchmarks, including Prime Lending Rate, Benchmark Prime Lending Rate, Base rate and Marginal Cost of Funds based Lending Rate. Illustration: Uttam......

RBI keeps repo rate unchanged at 6.5%

RBI said inflation in the second half of the current fiscal is projected at 2.7-3.2%. It retained its GDP forecast for the current fiscal at 7.4% The Reserve Bank of India (RBI) on Wednesday......

How Ujjivan plans to give shape to Modi's financial inclusion dream

'We provide unsecured loans of Rs 150,000-500,000 and secured loans of Rs 10 lakh-Rs 25 lakh. 'These are largely small businesses, traders, services and some manufacturing units.' Illustration:......
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