Prime Minister Narendra Modi has invited New Jersey Governor Chris Christie to visit India with a trade mission.
The RBI was not party to the decision to demonetize 500 and 1,000-rupee notes, which was taken at the highest level of India's political leadership.
The challenge for the RBI in 2024 is likely to be less about containing elevated inflation and more about curbing excessive financial market exuberance and a 'problem of plenty', notes Sajjid Chinoy, Chief India Economist JP Morgan.
November 8 marks 6 years after demonetisation. A K Bhattacharya reveals how the prime minister and the RBI worked together for months before Modi's 8 pm speech. A riveting excerpt from The Rise Of Goliath: Twelve Disruptions That Changed India.
A Central Bureau of Investigation team on Friday arrived at the Som Vihar residence of former Jammu and Kashmir governor Satya Pal Malik in connection with its probe in the alleged insurance "scam" in the Union territory which came to light after his statement that he was offered bribes to clear related files, officials said.
Former Pakistan captain and all-rounder Mohammad Hafeez is a front-runner to become the national team's chief selector after the conclusion of the team's ongoing Sri Lanka tour.
The Pakistan Cricket Board had asked to move its match against Afghanistan from Chennai to Bengaluru and the game against Australia from Bengaluru to Chennai.
Former New Jersey Governor Chris Christie and a Republican presidential aspirant have called his fellow rival Indian-American Vivek Ramaswamy a guy who sounds like ChatGPT and described him as an "amateur" Barack Obama.
What should be made out of the Madras high court order involving non-Hindus' entry into Hindu temples, when many non-Hindus are among the hundreds of thousands that have been worshipping at these temples for generations, asks N Sathiya Moorthy.
'To the believers of crypto regulations, I have only one question to ask, how will you regulate it?'
In the letter, the lieutenant governor said that in the past one week, a "gloomy face of governance" emerged in Delhi where "organised, structured and specialised administrative machinery" is yet again facing the "brunt" of "highhandedness" of the political executive.
The PGA Tour, DP World Tour and rival Saudi-backed LIV circuit announced an agreement in early June to merge and form a unified commercial entity. The LIV Golf series is bankrolled by the Saudi Arabia Public Investment Fund (PIV). Critics have accused it of being a vehicle for the country to improve its reputation as it faces criticism of its human rights record.
'If there is an RBI majority in the committee, there is no question of a veto.'
Kejriwal, who is also the national convener of the AAP, won the confidence motion with the support of 54 MLAs and said no legislator of his party defected.
Kerala Governor Justice P Sathasivam has lodged a complaint with the Civil Aviation Ministry seeking an inquiry into the circumstances leading to his missing an Air India flight from Kochi to Thiruvananthapuram on Tuesday.
The Securities and Exchange Board of India (Sebi) might relax the disclosure norms around rumour verification to help smooth implementation and ease compliance amid pushback from India Inc, said people in the know. The rule has been notified following amendments to the Listing Obligations and Disclosure Requirements (LODR) by Sebi. However, its implementation has been deferred until February.
US President Barack Obama has nominated Janet Yellen to head the Federal Reserve Board, describing her as one of America's "foremost economists and policy makers".
All 10 members of the Shri Amarnath Shrine Board sent in their resignations to Jammu and Kashmir Governor N N Vohra on Wednesday.
Events proved that on every count the RBI had accurately predicted both the damage and the lack of benefit. What the RBI was hiding was the fact that Modi had ignored its concerns -- all of which turned out to be true -- and gone ahead anyway, asserts Aakar Patel.
Raghuram Rajan has appointed him as head of several committees soon after taking charge.
Madhya Pradesh Governor Ram Naresh Yadav, the Special Task Force probing the MPPEB scam, on Tuesday registered an FIR against him.
Members of Parliament, state legislatures, and local governments not eligible to be members of PSB boards
The board of Zee Telefilms Ltd has recommended 55 per cent dividend for the financial year 2002-03 involving a total payout of about Rs 23 crore (Rs 230 million).
Indian-American multimillionaire biotech entrepreneur Vivek Ramaswamy's popularity rating and online fundraising have surged, a day after his impressive performance at the first Republican presidential primary debate.
Raghuram Rajan, whose current three-year tenure ends on September 4, has already said no to a second term.
Raghuram Rajan will take over as RBI Governor on September 4 at a time when the country is facing a grave economic crisis.
Is Governor Ravi acting without informing/consulting the Centre, or is the BJP leadership unsure of what to do with the DMK in Tamil Nadu? asks N Sathiya Moorthy.
India's inclusion in JP Morgan's bond index can channel billions of dollars into India. How will the government securities market handle it?
The safeguards pact, which is the next step in the operationalisation of the Indo-US civil nuclear deal, was sent to the 35-nation Board on a day when the Left parties formally withdrew support from the United Progressive Alliance government, following a bitter feud over the deal which has remained stalled for several months.
The recently reconstituted Shri Amarnath Shrine Board on Monday took a major decision appointing a high profile panel for the preservation of the environment enroute and around the Holy cave shrine in south Kashmir Himalayas.
Dr Suresh Kumar Gupta has been appointed a commissioner of the Maryland State Board of Physicians. The Board comprises 21 members, including 14 physicians and seven members of the public and is vested with the mission to protect the health and safety of Maryland citizens 'through strong enforcement of licensure standards for physicians and allied health providers; and through an effective disciplinary programme.'
The prime minister was addressing the flagging-off ceremony of the Vande Bharat Express through video conferencing.
The central board of Reserve Bank of India (RBI) has opposed a government move to have control over the central bank's staff-related matters. The proposal to make staff regulations statutory and bring them under the subordinate regulation of Parliament was discussed at RBI's board meeting in Kolkata last week.
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A rule change may make Nachiket Mor, among others, eligible to replace Chakrabarty.
Duvvuri Subbarao recounts how his tensions with P Chidambaram and Pranab Mukherjee, then finance ministers, over monetary policy spilled over into other issues in the central bank in this excerpt from Who Moved My Interest Rate?, his memoir of his term as Reserve Bank of India governor.
A top-class board is important from a systemic point of view, more so at a time when the wider financial world and India Inc is chasing the same talent as banks.
According to RBI sources, the government -- which appoints deputy governors -- is of the view that it will do away with the practice of reappointment to important posts like chairman of the Securities and Exchange Board of India, RBI, National Bank for Agriculture and Rural Development.
The decision by the Reserve Bank of India to introduce a unified regulatory framework on connected lending for all the regulated entities (RE) is expected to reduce the influence of business conglomerates in the Indian lending space, said bankers and experts. "Connected lending pertains to lending to related parties within the same business group. "While the RBI might appear more agreeable to allowing business conglomerates to own banking licenses, it deems it crucial to bolster regulations that would prevent conglomerate-owned banks from gaming the system," said Shivaji Thapliyal, head of research and lead analyst, YES Securities.
Dr Faheem is the second Indian-American physician to be elected to this position. Aziz Haniffa/Rediff.com reports
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