A third of urban India and half of some metros live in slums.
Following the 11.4 per cent decline in the dollar value of the rupee over barely a quarter, the sharp slump of last week has further complicated an already tricky situation for the Reserve Bank of India (RBI).
'While bank non-performing assets will rise, there is no systemic risk.'
There is an inevitable good fallout from the government's recent proposal to limit the interest rate levied by large microfinance institutions getting priority sector loans from banks.
The upheaval in domestic markets that followed the US economic downgrade notwithstanding, RBI on Friday said the liquidity in the Indian banking system was not under stress and the central bank was monitoring the situation closely.
The Indian Rupee is the fourth most depreciated currency in the world and most depreciated in Asian continent.
Reserve Bank of India (RBI) Deputy Governor Subir Gokarn on Tuesday said India cannot risk accepting high inflation as the new normal, nor can RBI afford to drop its guard.
A CBI chargesheet bares the extent to which companies associated with Reliance ADAG allegedly indulged in financial subterfuge through a complex maze of transactions.
We invited readers to send in their interesting monsoon snapshots. Here is the next set of responses -- and you can share yours too!
Economists and experts have suggested that the central bank should intervene in the Indian forex market to halt the sharp depreciation in rupee value.
Rising oil prices and firming up of global and domestic food prices are likely to have a significant impact on inflation outlook in 2011, a top RBI official said.
State-run Hindustan Petroleum Corporation is eyeing oil blocks in African countries, its Chairman and Managing Director, Subir Roy Choudhari said on Friday.
If IOC is not allowed to run its own affairs, then we can see it close down in the next 10 to 15 years, warns Sudhir Bisht.
India's battle for a better lot for its people is barely half done.
The Reserve Bank of India on Tuesday hinted at another round of monetary policy tightening at its upcoming review meet on November 2, with Deputy Governor Subir Gokarn asserting that it is a challenge to keep inflation in check.
Chandigarh remains the only new independent city of any consequence built in independent India.
The Reserve Bank of India (RBI) may consider measures to deal with foreign institutional investor (FII) inflows, which are emerging as a potential threat, said the central bank's Deputy Governor, Subir Gokarn, in Mumbai on Tuesday. His comments came a day after Finance Minister Pranab Mukherjee said there was no need for restrictions on foreign inflows, in an interview with a television channel.
The Indian mutual fund industry has evolved greatly in the last few years and the regulator has pushed it to become more transparent and investor-friendly.
HPCL, Bharat PetroResources Ltd -- a unit of state-owned Bharat Petroleum Corporation, Gujarat State Petroleum Corporation and Videocon Industries each have 14 per cent interest in the block.
According to the RBI report, the unrest in the global economy continue, it can impact the jobs in the country's labour-intensive sectors and may even affect domestic demand.
Select bankers will meet RBI Deputy Governor Subir Gokarn, who is in-charge of the monetary policy department, and other central bank officials on July 12.
The Reserve Bank of India on Wednesday said it has reasonable tools to tame inflationary expectations, which along with short supply of food items, is fuelling price rise.
The country's top bankers met RBI deputy governor Subir Gokarn on Thursday for the customary pre-policy meeting, where bankers pitched for a cut in savings bank rate, which will help them improve their net interest margins.
The Reserve Bank of India (RBI) has decided to give new banking licences to create more capacity and competition in the Indian banking space but the right size is yet to be determined. "The right size of a bank remains a debate for the industry," said Deputy Governor Subir Gokarn.
The embattled Left Front has done one more volte face by deciding to regularise hawkers in Kolkata's busiest streets.
Deputy governors Subir Gokarn, Usha Thorat and Shyamala Gopinath will get additional portfolios, which were until now under K C Chakrabarty, RBI said in a statement today. The central bank did not give any reason for the reshuffle and said the changes will be effective tomorrow.
Even if the government starts issuing vouchers which can be sold, a fairly early sunset will be written into them because of new technology clearly on the horizon , says Subir Roy.
Containing high food prices is a dominant policy concern, the Reserve Bank said on Tuesday, amid expectations that it may raise short-term borrowing and lending rates next month.
There can be no forgetting the Margaret Thatcher principle of leaving something on the table for the small investor.
He based his optimism on hedging tools available.
The name plates of Lieutenant Colonel Dhan Singh Thapa, Colonel N J Nair, Havildar Hangpan Dada and Subedar Joginder Singh were unveiled at a ceremony in Kolkata.
Though the index of industrial production expanded 11.7 per cent in November, the Reserve Bank of India sees the recovery still skewed and says the uneven recovery would dominate the central bank's thinking.
Subir Gokarn, Executive Director and Chief Economist at Standard & Poor's Asia Pacific, is heading the shortlist of candidates for the Reserve Bank of India Deputy Governor's post. Gokarn is also a Business Standard columnist.
N R Narayana Murthy, chairman and chief mentor of Infosys Technologies, is considered to have set new benchmarks in corporate governance through the firm he founded. Last fortnight, he was chosen to head Nasscom's sub-committee on corporate governance.
Along with Subir Gokarn's appointment as the fourth deputy governor, the Reserve Bank of India on Wednesday reshuffled some of the key portfolios of its deputy governors and executive directors.
The gap between promise and achievement in JNNURM is enormous.
Dun and Bradstreet forecasts that overall inflation will touch 6 per cent by the end of the current fiscal, fuelled by, among others, current high food prices and the impact of the drought. The 20 per cent deficit in the monsoon is slated to bring down kharif output by 15-20 per cent. The news couldn't get worse.
The challenge for India is to write a new chapter in low-cost urban development.
What is really needed is a tenure track where higher pay goes with accountability, not peer review which tends to favour the upward drift of the incumbent mediocrity.
Tragedy struck Indian cricket on Monday when a 20-year-old player died as a result of a freakish on-field collision with a team mate during a club match in Kolkata.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances