Individuals will have to wait for some more time; RBI may do away with mid-quarter policy reviews.
If they are made accountable, bad loan cases will shrink dramatically, recoveries will rise, and the NCLT process will be more manageable, asserts Debashis Basu.
A Delhi court on Friday directed the Central Bureau of Investigation to consider the plea of underworld don Chhota Rajan's sisters, who sought its permission to meet their brother currently in the probe agency's custody, on the occasion of 'Bhai Dooj', saying they have not met him for the past 27 years and wanted to bless him.
A panel headed by Reserve Bank of India deputy governor Urjit Patel recommended in January moving to an inflation target.
'From where prime ministers sit, it makes no difference at all who occupies the governor's post.' 'Literally anyone with a decent education or work experience can be appointed to the job, which is basically a managerial one with little room for manoeuvre,' says T C A Srinivasa-Raghavan.
The NPA of the public sector banks rose to 6.03% as of June 2015.
E-sports experts say the burgeoning sector will not be affected by the Goods and Services Tax (GST) Council's recent decision to levy a blanket 28 per cent tax on online gaming, which is being viewed by the industry as a death blow to gaming companies.
The police booked him under the stringent Maharashtra Control of Crime Act for allegedly demanding money from a builder.
The comments assume importance as the traditional position of the central bank has been not to set a forex reserves target.
Nikalje in his application stated that he had gone to Chembur on November 30 to help pacify the mob and not to incite them as claimed by the police in the FIR against him.
Global oil prices have slumped and India has access to larger amounts of discounted Russian crude oil, yet refiners are not passing on their savings to consumers
The Maharashtra government's decision to hand over all the cases against underworld don Chhota Rajan to the Central Bureau of Investigation has not gone down well with the Mumbai Police with several senior officials criticising the move stating that it has raised doubts over their ability.
Rupee, he said, is not in shambles and "we should not be overtly pessimistic".
RBI Governor Raghuram Rajan on Friday defended his development index for measuring backwardness of states, saying the aim is to "encourage development" and "everything over and above that is a political spin."
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The Congress led UDF government in Kerala has asked Prime Minister Manmohan Singh to reject the Raghuram Rajan panel report evolving new formula for devolution of funds to states.
A day after the Reserve Bank of India's monetary policy review, the RBI Governor talked to journalists on related issues.
If Mr Rajan's citizenship is considered relevant for heading an organisation that issues sovereign currency, should the provenance of a participant in a critical function of a sovereign democracy not count as well?
A RBI constituted panel on financial inclusion headed by Nachiket Mor had recommended the setting up of the payments banks in order to deepen access to finance.
Rajan also reiterated his view on the growth rate being inextricably linked with curbing inflation.
Only time will tell whether an individual like Rajan would be able to influence the manner in which the Fund looks at the rest of the world, especially developing countries.\n\n
The reason, he said, was the external environment was weak.
To provide exporters/importers greater flexibility in risk management, RBI enhanced the limit available to exporters to 50 per cent
Teaching is not only a profession but an art where you discipline students and groom them, former Indian cricket captain Mahendra Singh Dhoni said.
Two members recommended bringing down the rate by 50 bps in the April policy.
Payments banks are niche banks which will be allowed to function with several restrictions.
A recently-signed pact with Indonesia may come in handy for India to bring back arrested underworld don Chhota Rajan as the agreement allows deportation of criminals on either side based on a court warrant.
The government has changed the criteria for infusion of capital.
Bharatiya Janata Party leader Subramanian Swamy on Sunday once again attacked Raghuram Rajan on the monetary policy, over a month after Prime Minister Narendra Modi had disapproved of his criticism of the Reserve Bank of India chief.
Rajan, a professor at the University of Chicago, said if the money raised by the government was not spent, it could result in inflationary pressures, pushing up real interest rates. The problem could get aggravated if foreign capital flows rose, said Rajan, who was in Mumbai to deliver a lecture.
Rajan said expecting the government to provide all solutions wasn't right.
India's consumer inflation should ease in the next two months, and will fall to 8 per cent by the end of the year, says RBI Governor Raghuram Rajan.
The Maharashtra government for the first time has revealed the 'real motive' behind ace crime reporter Jyotirmoy Dey being killed by gangsters on the orders of underworld don Chhota Rajan.
Business houses expect rate cut in next RBI policy.
The Mumbai police on Monday claimed to have cracked the murder case of Mid Day crime reporter Joyobroto Dey, and arrested seven Chota Rajan gangsters who reportedly orchestrated the crime. But the police is still curiously silent over the motive, reports Toral Varia.
Nina Pillai, in her petition, had alleged that the mandatory medical examination of her husband was not conducted at Tihar for even two days after his arrest.
'Replacement of the CM with a more acceptable face may be a good start towards resolving Manipur's problem.'
On growth, the Governor said the prospects in the last few months have improved.
He added however that reasonable profit must be there at the bottom of the pyramid as the business has to be self-sustaining
The Madras high court has told an accused in a case pursued by the National Investigation Agency to avail bail after giving an oath to the effect that he would abide by the Constitution of India.
RBI Governor Raghuram Rajan on Tuesday said the Finance Ministry's decision to provide more capital to PSU banks will lower the borrowing cost and increase their capacity to lend, besides promoting investments.
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