"I am spending two hours daily to ease the problems caused by demonetisation. I am breaking my head daily but we are unable to find a solution to this problem," the CM said.
In a move that could provide succour to existing customers of troubled Global Trust Bank, its acquirer Oriental Bank of Commerce said on Monday that lending rates would eventually come down in line with the PSU bank.
OBC, the buyer of GTB, said equity-holders will not get any value for their holdings now and can expect some relief only after 12 years if the troubled bank is left with any surplus value.
Declaring demonetisation a complete failure may turn out to be hasty, argues economist Ashok K Lahiri.
It was an extraordinary turnaround for an Olympics that was expected to be held without major issues by a country known for public safety and economic stability. It also revealed a fatal miscalculation by Japanese and IOC officials of public sentiment at a time of heightened fears over the coronavirus.
The partially convertible rupee closed at 60.19/20 per dollar versus its close of 59.75/76 on Wednesday after earlier gaining to a one-week high of 59.57.
Caparo's business interests span Britain, Europe, the US, India and West Asia.
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The move draws a line under the Swiss government's rescue of UBS nearly five years after the bank threatened to collapse under the weight of more than $50 billion in losses on mortgage securities.
'Lower rates are only part of the solution and sometimes not the right solution at all.'
In an interaction with Jash Kriplani, A Balasubramanian, managing director and chief executive officer, Aditya Birla Sun Life Asset Management Company, shares his optimism on what makes him believe that these cuts can help in addressing multiple issues plaguing the economy, without letting fiscal deficit pose any major risk.
While it will most certainly impact his personal credit record, it will also have repercussions for his other businesses and companies he is associated with.
Doubts about Force India being able to race at Spa, the first Grand Prix since the August break, emerged on Wednesday with reports of legal complications.
Warning: These tips are not for those who are already in a debt trap or struggling to meet expenses.
"We believe in peace and we are giving a message of peace from here. But, their generals should understand that we have a large Army and we are prepared..."
The Karnataka CM with only 37 JD-S MLAs in the assembly is on shaky ground and overly dependent on the Congress for every decision, reports Bibhu Ranjan Mishra.
'In one instance of the Pakistani army's violation of the Ceasefire, I ordered a far tougher response designed to deter the enemy.' 'I warned that 'unexpected damage' to their forces will be inflicted if they continued with such ceasefire violations.' A fascinating excerpt from Lieutenant General K Himalay Singh's Making of a General: A Himalayan Echo.
'The Nagas want a flag of their own, to share the Kohima skyline with the national tricolour.' 'The the government says you can have a flag for cultural and ethnic occasions.' 'The Nagas say that will be a bit like an NGO having its own flag,' argues Shekhar Gupta.
The Citigroup may cut a deal with the US government on Monday that will allow it to repay the bailout fund the financial entity had received at the height of the global financial crisis, says a report.
Private investment will respond only to sustainable reform.
The final list of bidders would be finalised only after the interested firms pay the earnest money deposit on June 30.
Reserves provide a cushion against shocks.
The renminbi is likely to be used increasingly for current account purposes, but its use in capital account transactions will hinge on convertibility in China.
The tea industry, hit by rising costs, falling prices and political unrest in the North Bengal plantations, is especially vulnerable to the COVID-19 lockdown.
Uber had run into trouble with the RBI over the two-payment process
The IDR was trading at Rs 105.10, up 1.05 per cent, at 0956 hrs. "The Standard Chartered IDR had seen trouble during the initial response.
In a nation divided by many things, the 12-digit unique identity number is holding lives to ransom.
He is now the first non-Congress chief minister to win a second term in office in the state, seen as a Congress bastion until just five years ago.
'Tilting at the Government in English in front of India may make him feel like Joan of Arc, but without a feel for Bharat he will merely be Don Quixote,' says S Muraleedharan, former managing director, BNP Paribas.
'There is no difference between the earlier government and the present government.' 'They are all following the economic policy based on the Chicago School of thought.' 'This school of thought says the government should have very little role in governing the country and the majority of the work should be handed over to the private sector.' 'This has not succeeded in the US.' 'Yet, it is being tried here by people like Arvind Subramaniam, Arvind Panagariya, Urjit Patel and Raghuram Rajan.'
The six-member board -- comprising HDFC chairman Deepak Parekh, former Nasscom president Kiran Karnik, former Sebi member C Achuthan, CII chief mentor Tarun Das, renowned chartered accountant TN Manoharan and LIC nominee Suryakant Balakrishnan -- met in Hyderabad on Thursday for the third time after it was constituted January 12.
'I pack my water, biscuits, books and tent, and take my place in the queues.' 'Every time I get close, cash runs out.' 'Deserted shops, my dry bank, the empty ATMs -- this entire gigantic shitstorm is now more real and easier to process,' says Mitali Saran.
Mallya has lived on the edge for long enough to know that his extradition from UK is not a given, says N Sundaresha Subramanian.
On November 10, the US Federal Reserve had approved the application of credit card major to become a bank holding company and the change in status facilitated American Express to explore various government funding and lending programmes. In return to the said loan, American Express will issue and sell preferred stock of about $3.39 billion and warrants to purchase shares of common stock for up to 15 per cent of that amount to the Treasury.
New Delhi has made it clear that any blow to its outsourcing industry would make the country less receptive to helping American companies that run into trouble in India
Modi addressed Bharatiya Janata Party's Parivartan Yatra through mobile phone from Lucknow after the Indian Air Force chopper carrying him failed to land in Bahraich due to poor visibility.
RBI's intervention in the currency market is through public sector banks.
Pierre Nanterme, group chief executive of management consultant and transaction-services-provider Accenture, which reported a 6 per cent rise in net revenues to $6 billion in the first quarter of FY09, acknowledges that the environment is tough and clients have become more demanding.
The hosts cannot afford to take England lightly, as the visiting team boasts of some of the big names in women's cricket.
'Significantly, Foreign Secretary Gokhale was received at very high level in Beijing.' 'It only shows China's keenness to move forward and put the relationship on a 'win-win' footing,' says Ambassador M K Bhadrakumar.
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