If indeed the issues involved between the government and RBI are of immense public interest, why not make public the arguments of both the government and the RBI, irrespective of the outcome of the process, says Tamal Bandyopadhyay.However, the Act is silent on what happens if the governor's views differ from that of the government. If Patel does not want to budge from his stance the government can either see merit in the Governor's arguments and decide against going ahead with its plan or overrule him. My guess is that the issues raised by the government need to be sorted out not at the November 19 board meeting but between the Governor and the government, says Tamal Bandyopadhyay.
'Initially, Gift City was just another real estate project, but all that changed with Modi moving to New Delhi,' notes Tamal Bandyopadhyay.
The choice clearly is between prompt corrective action and slow but sure destruction, says Tamal Bandyopadhyay.
'Our intention is to make Disney-branded clean family movies for the entertainment of the local Indian market.'
'There are deeper, underlying, forces at work and we need institutional arrangements to guard against them.'
This growth gives sleepless nights to a bank chairman
'No commercial bank will be allowed to fail. There is nothing to worry about.'
On the first day of winter session, Prime Minister Narendra Modi reached out to the Opposition.
Principal Secy Alapan Bandyopadhyay would arrive by the bus.
The International Monetary Fund chief economist-designate Raghuram Rajan feels big deficits -- whether India's fiscal deficit or the United States' current account deficit -- are not sustainable in the long term.
30 percent of our business comes from exports to countries like the US, the UK, Canada and Germany
As banks improve their risk management systems, the intermediation cost as well as potential NPAs will come down.
Festive atmosphere and bonhomie prevailed in Lok Sabha on Thursday with members donning traditional dress and head gears and many taking oath in their mother tongue.
Tamal Bandyopadhyay, columnist and author of several books like From Lehman to Demonetisation: A Decade of Disruptions and Sahara: The Untold Story, tells Rediff.com why Yes Bank depositors should not panic and the current crisis at India's fifth largest private lender does not pose any systemic risk.
'Public sector banks are like an extended arm of the government.' 'They rush to rescue certain sectors or they rush to invest in certain sectors to prop up the economy which the private banks don't.'
Likening the situation in the country to a "social emergency", Prime Minister Narendra Modi on Wednesday made it clear that the nationwide lockdown to contain the spread of Covid-19 cannot be lifted in one go on April 14, asserting that the priority of his government is to "save each and every life".
'Those who come from outside are surprised at the relatively small strength of the RBI supervisory cadre, relative to the needs of the country and the needs of the financial sector.'
It's high time the President intervened and saved the country, said Mamata.
Tamal Bandyopadhyay offers some unsolicited advice for a government wh,ich came to power, with brute majority and the nation's pragmatic chief money man.
"Today, we stand united in solidarity with our security forces in fighting terrorism and in defending the unity and integrity of India."
'Basuda welcomed viewers into a world that was instantly familiar and comfortable,' observes Sukanya Verma.
The hits and misses of the week.
In a first such action in India's electoral history, the Election Commission had Wednesday ordered campaigning in the nine West Bengal constituencies to end at 10 pm on Thursday, instead of 6 pm on Friday, in the wake of violence between the Bharatiya Janata Party and the Trinamool Congress in Kolkata during Amit Shah's roadshow.
Aslam Hunani/Rediff.com gives the lowdown on the 59 seats spread across seven states and one Union territory going to polls in the last and final phase of the 2019 Lok Sabha elections on May 19, 2019.
West Bengal government has 1.2 per cent stake in BAPL.
Our team is so charged with the responsibility that they immediately go about executing whatever decision we take.
After claiming that there will be an "earthquake" if he speaks, Rahul Gandhi on Wednesday alleged that he has detailed information about "personal corruption" by Prime Minister Narendra Modi which he wants to present in Lok Sabha but is not being allowed to do so by the prime minister.
Principal opposition Congress too staged a walk out saying its members should have been the first ones to speak but were being denied a chance.
It is difficult to say if the banking sector will see the worst behind it by March 2020, warns Tamal Bandyopadhyay.
He asserted that the BJP does not carry out any action with a vindictive approach.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
BJP won 18 of the seats while the TMC won 22 of the seats.
'Clearly, the depositors of cooperative banks need the maximum protection.'
