India too will advocate the IMF quote reforms at the two-day meeting of G20 Finance Ministers and Central Bank Governors beginning Saturday.
Since the RBI is the 'lender of the last resort', as per terms of arrangement, Yes Bank would have to exhaust immediate liquid assets before accessing this fund.
India will welcome two trade missions in 2015 focused on meeting its infrastructure needs with US technology and services.
The next policy meeting will be in mid-June, when the panel will be joined by Stanley Fischer, the former Bank of Israel governor whose nomination to the Fed's board was confirmed on Wednesday by the US Senate.
Chanda Kochhar is among the three Indians in Time's Most Influential list.
Investors booked profit ahead of the outcome of the two-day US Fed policy meet which begins today.
The actor also said that the Centre will face TN wrath if it fails to set up CMB.
At 11:37 am, the S&P BSE Sensex was up 28 points at 27,037 and the Nifty50 was up 2 points at 8,268
'This is not Ahmedabad Gymkhana but people's house'
IMF members will also be examining whether China's heavy intervention in the yuan market was befitting of a freely convertible reserve currency
The RBI governor-designate may be economical with spoken words, but is known for his sharp and critical writings
Reserve Bank of India Governor Shaktikanta Das tells Anup Roy, Raghu Mohan and Niraj Bhatt that it is time for banks to lower interest rates and start lending to cash-starved finance companies after due credit appraisal and proper risk assessment.
The prime minister and president stated their intention to expand defence co-operation to bolster national, regional and global security.
The number of recoveries also surged with 2,48,189 patients cured so far, while there were 1,78,014 active cases, according to the updated official figures at 8 am.
RBI governor Raghuram Rajan has slashed rated by 50 bps.
Banks led the decline with Nifty Bank and BSE Bank index dropping over 3% each.
The Indian economy was on an impressive growth path through the first decade of this century till it was brought to an abrupt halt by the policy inertia during UPA2 and the Modi government's inability to restore economic and financial momentum. Fascinating glimpses of what went wrong from Puja Mehra's must-read book The Lost Decade: How India's Growth Story Devolved Into Growth Without A Story.
Khan stressed on taking austerity measures, working on tax reforms instead of taking loans, rooting out corruption.
Markets ended higher for the second straight session mainly on the back of upbeat corporate earnings.
'I would say it is not going to be days and weeks. It is going to be months and years, over which we would make an assessment on the decisions taken by the Parliament at this point of time. 'We are in for a long haul is what I would say.' It was a very diverse India, which was coming together, politically, in a very cohesive, democratically-resilient way." Professor Navnita Behera examines the wisdom of the exit of Article 370 in Jammu and Kashmir.
India's good fortune, experts in the US feel, is not the result of a fundamentally strong economy, but because it is the best of a bad set of options.
India's five leading wilful defaulters are Winsome Diamonds & Jewellery Ltd and associate Forever Precious Jewellery & Diamonds, Zoom Developers, Kingfisher Airlines, Beta Naphthol and Raza Textiles
'The approach towards Mallya is not right because his unit could have been turned around earlier with additional funds from his side and the bank's side.'
Moving ahead with their new mantra -- Chalein Saath Saath: Forward Together We Go -- Prime Minister Narendra Modi and United States President Barack Obama on Tuesday vowed to deepen cooperation in every sector for the benefit of global stability and people's livelihoods over the next ten years.
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