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.
Dr Faheem is the second Indian-American physician to be elected to this position. Aziz Haniffa/Rediff.com reports
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.
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.
The government is likely to appoint a deputy governor of the RBI by this month end despite disruption in the selection process following the resignation of former Satyam Computer independent director M Rammohan Rao from the selection committee. The government has appointed a Search Committee headed by RBI Governor D Subbarao to shortlist candidates for the post of deputy governor following superannuation of V Leeladhar last month.
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.
Dr Devinder Singh, associate professor, Division of Plastic Surgery, University of Maryland, School of Medicine, has become perhaps the first second-generation Indian American to head a state medical board.
Will Arundhati Bhattacharya be the RBI's first woman governor? Or will Urjit Patel succeed Raghuram Rajanas RBI governor when his term ends on September 4?
RBI chief banks on 'significant measures' to battle a 'significant crisis'.
Dr Raghuram Rajan's departure holds lessons for all, be it sections of the media, politicians or the people themselves. We need to learn how to value and retain talent. At the same time the talented must realise that talent alone does not ensure the top job, says Sanjeev Nayyar.
He has assisted former US Senator Alfonse D'Amato Mayor Michael Bloomberg and former governors George E Pataki and Eliot Spitzer to promote New York State aboard.
Spritual Guru and member of the Shri Amarnath Shrine Board Sri Sri Ravi Shankar has said that he was deeply pained over the toll of casualties during the Sri Amaranth pilgrimage year after year.
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.
The Pakistan Cricket Board (PCB) found itself in an embarrassing position over its plans to seek compensation from the Board of Control for Cricket in India for not honouring the MoU signed between the two countries to play six bilateral series between 2015 and 2023.
'To the believers of crypto regulations, I have only one question to ask, how will you regulate it?'
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.
The regulatory actions, undertaken by the RBI and the government, came hours after finance ministry sources confirmed that SBI was directed to bail out the troubled lender. For the next month, Yes Bank will led by the RBI-appointed administrator Prashant Kumar, an ex-chief financial officer of SBI.
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.
After Abdul Qadir and Zaheer Abbas, another former great Javed Miandad also announced his intention to contest for the post of chairman of the Pakistan Cricket Board in the forthcoming elections.
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.
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.
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.
The prime minister was addressing the flagging-off ceremony of the Vande Bharat Express through video conferencing.
Top Indian industrialist Ratan Tata has returned as a board member of East West Centre, a prominent American think tank.
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.
To cut interest rates, the central bank head has to open up a debate on inflation target revision.
Jammu and Kashmir Governor N N Vohra told Chief Minister Ghulam Nabi Azad that the Amarnath Shrine Board would not pursue the transfer of land.
India's inclusion in JP Morgan's bond index can channel billions of dollars into India. How will the government securities market handle it?
A crucial meeting of the board of governors of the International Atomic Energy Agency to build a consensus on India-specific safeguards accord essential to help implement Indo-US nuclear deal has been postponed from July 28 and is likely to be held on August 1, IAEA sources said.
Autopsy failed to find the cause of death of MP Governor Ram Naresh Yadav's son Shailesh, an accused in the the multi-crore Vyapam scam.
Atishi will handle education, PWD, power and tourism departments, while Bharadwaj will look after health, urban development, water and industries.
Dinesh Patel, Utah's most high profile and influential Indian American, was conferred the Willem J Kolff Lifetime Achievement Award at BioUtah's 2013 Utah Life Science Award, the state's top science award ceremony.
Many boards insist on "proven", "experienced" directors when it comes to appointing women.
The Reserve Bank on Wednesday said it plans to issue new bank licences around January, "consistent with the highest standards of transparency and diligence."
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.
Sebi Chairman U K Sinha has often chastised listed companies for not having enough women on their boards.
Lobbying for the Indo-US nuclear deal, India on Friday briefed the International Atomic Energy Agency Board of Governors and some Nuclear Suppliers Group countries on the safeguards agreement amid reports that there was no sign of opposition to the accord.
Yoga was the mantra and asanas the discipline on Wednesday as millions across the globe and distant corners of India stretched for the skies and dived for their toes, breathed in and out -- mindfully -- and twisted and turned to celebrate the International Day of Yoga.
The row erupted after Purohit wrote a letter to Mann asking for details on the selection of government school principals sent to Singapore for a training seminar, saying he has received complaints of "malpractices and illegalities".
