Rajan Bharti Mittal, vice-chairman and managing director of Bharti Enterprises took over as president of Federation of Indian Chambers of Commerce and Industry (FICCI) at the conclusion of its 82nd annual general meeting (AGM).
Karnataka State Disaster Management Authority Commissioner Manoj Rajan said, 'We have got a message that a group of 31 people hailing from Karnataka are stranded in Sudan. We have informed the Ministry of External Affairs about it.'
A court in New Delhi on Friday extended by three days the ED custody of four people arrested in a money laundering case against Chinese smart phone maker Vivo, including the managing director of Lava International mobile company and a Chinese national. The four accused were produced before Additional Sessions Judge Devender Kumar Jangala on completion of their three-day ED custody. On Friday, the agency moved four separate applications seeking extension of their custody by 10 days but the court granted it only three more days for custodial interrogation of the accused.
The rupee has gained 1.89 percent against the dollar in the month to date and 2.93 percent in the past six months.
Describing the BJP's election victory as an "astonishing triumph of Narendra Modi", noted economist Jagdish Bhagwati on Monday advised him to retain Raghuram Rajan as RBI Governor and to hold monthly press conferences to articulate the government's agenda.
A few market and economic indicators have begun looking up, thanks to what many term the 'Rajan effect'.
Rajan's remarks come as the Modi-led government completes one year.
The forex kitty swelled for the fifth week in a row during the week ended December 6 to $295.71 billion, adding $4.41 billion. Between August 30 and December 6, the reserves have increased by close to $17 billion.
The fresh batch of evacuees arrived in Bengaluru, a day after 365 people returned from the African country to Delhi.
'For every person there is a different way that you show respect for your country...my mother-in-law will say karmayogi is the way to go - do your work.'
Investors will see that India story actually continues to be a good one, he said.
'RBI and the economy will gain tremendously from Urjit Patel's experience in both private and public sectors'
It took three years of collective fiscal profligacy and policy mismanagement to cause this crisis.
Top bankers on Wednesday exuded confidence that Raghuram Govind Rajan, who today took over as the 23rd Governor of the Reserve Bank, has the intellectual prowess to wade through the present difficulties facing the economy and wished him all success for the stint at Mint Road.
RBI Governor flayed easy monetary policy of central banks in advanced economies saying it is "more cause than medicine".
The new pay scale will come into effect from January 1.
Market participants are impressed that Rajan has set the ball rolling on his first day at RBI with a series of announcements, raising expectations that more are in store.
Uber had run into trouble with the RBI over the two-payment process
Though the IMF wanted him to continue, his university said it won't extend Rajan's leave.
With the 'busy credit season' which witnesses a spurt in loan demand going up, it would be good to lower the rates ahead of it
The Reserve Bank on Tuesday nudged banks to cut lending rates.
Declining value of the rupee, widening Current Account Deficit (CAD) and the impact of likely tapering of US bond purchases are some of the key issues which will keep Raghuram Rajan busy.
Industrial countries cannot at this point wash their hands off developing economises and say we will do what we need to, and you do the adjustment you need to, says RBI Governor.
NITI Aayog's Rajiv Kumar accused former prime minister Manmohan Singh and senior Congress leader P Chidambaram of creating a 'false narrative'
Rajan also said the RBI had reduced the current account deficit "substantially".
Rajan further said the current account deficit would be better in June than in May.
The Central Bureau of Investigation has taken over the probe into the murder of Hanif Kadawala, an accused in the 1993 Mumbai blasts case who gave an AK-56 rifle to actor Sanjay Dutt, and registered a case against gangster Chhota Rajan and his accomplices in this regard.
The SET's findings have now been taken on record by the Central Bureau of Investigation which recently raided the 2008-batch Indian Revenue Service officer after it filed an FIR against him for corruption and alleged violation of rules in the raids that took place at the Cordelia cruise berthed at the Mumbai coast on October 2, 2021.
Will seek to bring inflation to the mid-point: Rajan
RBI has kept interest rate unchanged at 8 per cent since January
By March 28, the reserves rose by a whopping $5.038 billion to $303.673 billion, the second highest in the fiscal.
The decisive election victory for the Narendra Modi-led National Democratic Alliance has created a conducive environment for policy actions and should help in economic recovery, Reserve Bank of India Governor Raghuram Rajan said on Tuesday.
Calls for a rethink on why some sectors should get more easy credit than others
There is little scope for significant monetary easing even in the next fiscal year.
The policy will be presented in the backdrop of rising inflation.
Underworld don Chhota Rajan's aide Rohit Thangappan, who was behind bars for the murder of senior scribe Jyotirmoy Dey, was on Wednesday arrested in connection with a firing case involving a hotelier, two days after a local court sought his production, the police said.
Special Judge A L Pansare allowed CBI's plea seeking nod to question the 54-year-old crime boss for 10 days starting January 27 before adjourning the case till February 5.
His team has projected a higher growth of 6.1-6.7 per cent in the next fiscal.
he feels they are prone to misuse by borrowers, including farmers, and suggested a rate ceiling for loans by micro finance lenders.
He called on developed countries to play their part in restoring international monetary cooperation.
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