'There will be political opposition, and this monetisation will require continued political will.'
May touch 64/$ due to foreign flows slowing down
Kangana Ranaut, Hrithik Roshan and Ajay Devgn get ready to live real lives.
'Simplicity was very much a hallmark of the Kerala lifestyle those days.'
'Without bold action to deal with our banking crisis, count on the economy's doldrums to continue for much longer than most of us anticipate,' says Rahul Jacob.
The Reserve Bank of India (RBI) booked massive gains on its foreign currency sales and needed to provide much lesser for its reserves in 2020-21 (FY21), helping it to carve out a significant Rs 99,122-crore dividend for the government, revealed the RBI's annual report for FY21. By doing so, the central bank's risk buffers have reduced to the bare minimum, which may restrict some of RBI's scale of operations, and would likely hamper dividend payout for financial year 2021-22, said analysts. The annual accounts are for nine months ended March 31, 2021 since the RBI changed its accounting year from July-June to April-March from FY21.
These cash shortages increase banks' funding costs, making it harder for them to lower lending rates
Bankers expect RBI to help them spur lending growth.
After months of denying there was a liquidity problem, Governor Raghuram Rajan has reversed course.
The Bhartiya Janta Party released the details of the Jan Chetna Yatra in a press conference held in the capital on Wednesday.
'New Delhi is in a perpetual dilemma. It can't do without Yediyurappa, but it doesn't want a powerful CM. It stokes the opponents within against him. The result is he has never settled down in office, even in the present tenure'
Prof Ananth Narayan, well known financial expert who works as a faculty member at the SP Jain Institute of Management and Research and the RBI's nominee director on the board of Yes Bank, expects a double-digit contraction in India's GDP this fiscal year. In the first of a two-part interview to Shobha Warrier/Rediff.com, Prof Narayan, below, says, "Giving liquidity and loan to cover the cash flow problem is not sufficient because you are essentially increasing the debt of many of these companies. And they might not be able to bear the burden."
The RBI cut rates for third time in 2015 due to favourable economic conditions.
Arun Jaitley, who is recovering from a kidney ailment, attended the proceedings after a long gap.
Trinamool Congress's Lok Sabha MP Dinesh Trivedi would get the award for 2016 and Leader of Opposition in the Rajya Sabha and Congress leader Ghulam Nabi Azad would get it for 2015, the Lok Sabha secretariat said in a statement.
The banking sector's credibility is on thin ice. Unless the government takes strict steps, things could get worse.
'We first need to acknowledge the truth.' 'We are trying to diminish the problem and say, everything is okay and green shoots are emerging.' 'Imagine you are a doctor and not getting accurate medical reports, how do you diagnose and treat the illness?' 'We are not dealing with a terminal illness here, we are dealing with BP and cholesterol, which are imminently curable.'
Like everything else, the structure of banks may change, and banks may depend more on digital technologies and artificial intelligence for dealing with both their customers and employees.
'Destabilising the Yediyurappa government is not a cakewalk.' 'If he is destabilised, then the BJP will have problems in Karnataka.'
The election to the post is mostly decided by consensus, but opposition leaders complain that the Narendra Modi government was yet to reach out to them, reports Archis Mohan.
Modi termed it a 'historic document' to fulfil his government's aim of 'sabka sath sabka vikas'.
'The youth associated with this movement were extremely talented.' 'But I personally believe violence cannot change anything in the world.'
In the second phase on April 18, 97 seats,spread across 13 states and one Union Territory, will go to the polls.
The government planned to borrow 10-15 per cent of the total borrowing offshore. That works out to at least Rs 71,000 crore, or about $10.4 billion at Friday's exchange rate.
Opposition's relentless demand for a debate on demonetisation under a rule which entails voting on Thursday forced the adjournment of the Lok Sabha
Hema Malini and Shaina NC have also been omitted from the group.
Experts hail Budget 2015 as a progressive, growth oriented one.
Leaders of a number of opposition parties on Tuesday met twice after which they decided to put up a united fight for the post.
Modi government has to come up with a robust economic agenda to impress the masses.
Opposition members kept on shouting 'Pradhan Mantri sadan me aao'.
Opposition repeatedly sought a reply from the PM on the issue.
Opposition on Monday picked holes in various government decisions like demonetisation and surgical strikes as well as allocation of funds for MNREGA, agriculture sector and Scheduled Castes, saying it has failed on all fronts despite which it is trying to "fool" the people.
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