Ramiz Raja was part of the 1992 World Cup-winning Pakistan team captained by Imran Khan.
'When there is no middle ground possible between the government and the governor, the governor has to go.'
Finance Minister Nirmala Sitharaman is scheduled to address the post-budget meeting of the RBI's central board on Monday and highlight key points of the Union Budget 2022-23, including the fiscal consolidation roadmap and high capex plan. It has been a custom that the finance minister addresses the RBI board, consisting of RBI Governor and existing four deputy governors, after the Budget. The meeting has been scheduled for February 14 where she would be addressing the board members and talk about announcements made in the Budget to perk up growth hit by three waves of COVID-19, sources said.
Political watchers are keen to see if the party will now opt for a more seasoned face from its ranks for the vice presidential candidate.
In a relief to former Aam Aadmi Party communication in-charge Vijay Nair, the Supreme Court on Monday granted him bail after nearly 23 months of incarceration in a money laundering case stemming from the alleged Delhi excise policy scam, observing that liberty is 'sacrosanct' and needs to be respected in cases involving even stringent laws.
The Reserve Bank of India Governor Shaktikanta Das on Monday said that the "momentum of inflation is on a downward slope" and the central bank would continue to strike a delicate balance between the need to contain price rise and ensure economic growth. The Reserve Bank's inflation projections, Das said, are "robust" but contingent on downside and upside risks associated with the movement of global crude oil prices. The RBI takes into account a particular range within which crude prices are expected to fluctuate considering all the factors that can be anticipated and that can be sort of foreseen as of today, he said.
West Bengal Governor Jagdeep Dhankhar on Sunday met Ganguly to discuss various issues and agreed to visit Eden Gardens on his invitation.
At a time when the role of corporate boards is once again under the scanner, independent directors on the Paytm Payments Bank board have indicated that red flags were raised over regulatory issues but they may have been late in doing so. "As independent directors, we asked questions and monitored responses to the Reserve Bank of India (RBI). Many changes were made on compliances. "Obviously, in retrospect, it was not found to be enough," said one of the independent directors on the condition of anonymity.
In FY24, loans given out by such firms had topped a whopping Rs 146,517 crore, up by 49 per cent year-on-year and spread over 10.19 million accounts (up 35 per cent).
The small finance bank model may still be testing the water some 10 years since its launch. According to banking experts, the regulator has taken a cautious approach in granting approvals. Unity Small Finance Bank was the last one to get a licence in the category in November 2021.
A political source revealed that Naqvi assumed the role of chairman through a clear understanding between influential stakeholders and the Pakistan Muslim League-Nawaz (PML-N) and Pakistan Peoples Party (PPP).
Six weather stations across Delhi recorded over 100 mm of rain in a single day, the India meteorological department (IMD) said on Thursday, categorising it as an "extremely intense spell".
Hours after he resigned as Haryana chief minister along with his cabinet ministers, senior Bharatiya Janata Party leader Manohar Lal Khattar Tuesday hinted that he may be fielded by the party in the coming Lok Sabha polls.
Nine people were on the helicopter that crashed in northwest Iran on Sunday, including three officials, an imam, and flight and security team members, as reported by Tasnim news.
Pakistan's on-field performances not affected by frequent changes in PCB, says acting chairman
Banerjee also criticised Dhankhar over his recent visit to North Bengal, claiming a conspiracy was being hatched to divide the region.
'His (Das) approach to work seems that of working as a team with ease in communication.'
As many as 80-85 per cent Paytm wallet users will not face any disruption because of regulatory actions, and the remaining users have been advised to link their apps to other banks, RBI Governor Shaktikanta Das said on Wednesday. The Reserve Bank of India on January 31 barred Paytm Payments Bank Ltd (PPBL) from accepting deposits, credit transactions, or top-ups in any customer accounts.
The pictures and videos of the locals wading through waist deep water in Bawana JJ colony area, waterlogged houses, school and hospital went viral on social media even as teams of engineers from Haryana and Delhi worked on a war footing to plug the breach.
'Trust your new governor,' Omkar Goswami advises RBI Deputy Governor Viral Acharya. 'Just because he is from the IAS and doesn't carry a PhD from a US university does not make him unsuitable for the task.' 'If anything, Das will pour oil on troubled waters, and save the RBI's reputation.'
The Bharatiya Janata Party in the state demanded an apology from the Uddhav Thackeray-led government over this incident.
The two major parties offer the United States choices that are basically unacceptable and the bench strength, such as it is, is not entirely capable of winning popular acclaim, notes Shreekant Sambrani.
Hours after an Iranian military commander claimed to have located the crash site of the helicopter carrying Iranian President Ebrahim Raisi, conflicting reports emerged as the head of Iran's Red Crescent Society, Pir Hossein Koulivand, said that rescue teams are still searching the area for the accident site.
Raisi's condition currently remains unknown, Iranian state news agency IRNA has reported, after the helicopter he was traveling in crashed in the country's East Azerbaijan Province.
Ashraf to postpone his planned visit to Australia and seek a meeting with caretaker Prime Minister, Anwar ul Haq Kakaar.
West Bengal Chief Minister Mamata Banerjee, who rushed to the district late on Sunday night, assured the people of all help from the administration.
Florida Governor Ron DeSantis has signalled that he would largely bypass the New Hampshire primary next week and instead would focus on South Carolina where the Republican presidential primary is scheduled for February 24.
'If, as happened in Baramulla during the 2024 Lok Sabha election, the youth in the Valley get triggered enough to jump into the wider fray, the end result would be difficult to predict, especially as the state's post-August 5, 2019 political format remains substantially fragmented and foggy,' points out Mohammad Sayeed Malik, the veteran commentator on Kashmir affairs.
The Enforcement Directorate has issued two summons to Delhi Chief Minister Arvind Kejriwal to appear for questioning on March 18 and 21, official sources said Sunday.
Inzamam ul Haq blames ousted PCB Interim Committee chairman Zaka Ashraf for mess in Pakistan cricket
One of the 22 Indian crew manning a crippled cargo ship which collided against a bridge in Baltimore has suffered a 'minor injury' while the rest are all safe aboard the vessel, owners of the Singapore-flagged ship said on Wednesday.
The National Payments Corporation of India on Thursday granted approval to Paytm-owner One97 Communications Ltd to participate in UPI as a Third-Party Application Provider (TPAP) under the multi-bank model. Axis Bank, HDFC Bank, State Bank of India, and YES Bank will act as Payment System Provider (PSP) banks to Paytm.
'The committee has been constituted. Different government departments and FSDC members are part of it.'
UCO Bank, Bank of Maharashtra, Bank of India, Indian Overseas Bank, Indian Bank, and Central Bank of India don't have a non-executive chairman.
The Reserve Bank of India (RBI) will meet top executives of asset reconstruction companies (ARCs) on Friday to take stock of the sector. During the meeting, ARCs will also seek clarity from the regulator on bank borrowing. While there is no regulatory ban in place, ARC sources said banks often refuse funding.
Officials said that Moscow has dispatched a panel of inquiry to probe into the incident.
The Centre has notified new norms for the appointment of directors of Indian Institutes of Management (IIMs), making it mandatory for applicants to have first class degrees in both Bachelor's and Master's, along with a PhD or equivalent from a reputed institute.
Delhi Chief Minister Arvind Kejriwal 'directly used' part of the alleged Rs 100 crore generated from the 'kickbacks' of the Delhi excise policy 'scam' by staying in a luxury hotel in Goa, the Enforcement Directorate (ED) has claimed in its charge sheet filed against the Aam Aadmi Party supremo.
Senior bankers point out that while they will eventually attract qualified professionals, onboarding them takes time.
Zaka Ashraf back in Pakistan, discussing 'incidents' in India with senior board officials
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