RBI chief banks on 'significant measures' to battle a 'significant crisis'.
The speed at which he led the central bank in different areas -- ranging from internal reorganisation to inflation fighting, stabilising the currency, taking on rogue corporations, cleaning up bank balance sheets, and opening the sector -- makes one believe that Rajan knew he had only three years to do his job. A fascinating excerpt from Tamal Bandyopadhyay's MUST-READ Roller Coaster: An Affair with Banking.
'There is a need for an innovation sandbox where the PSBs can collaborate and then they can do their own innovation on top of it.'
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.
Ramaswamy's stance on H-1B visas is reminiscent of the 2016 Trump campaign, when then-candidate Donald Trump, who has also hired a number of foreign workers under H-1B visas for his businesses, took a hardline stance on these foreign workers before later softening his rhetoric.
Former RBI governor Raghuram Rajan has asked why SEBI has not yet got to the bottom of ownership of the four Mauritius-based funds who are said to have parked 90 per cent of their $6.9 billion in Adani group stocks, saying does the market regulator need help of investigating agencies for this? The funds -- Elara India Opportunities Fund, Cresta Fund, Albula Investment Fund and APMS Investment Fund -- have been under cloud for last couple of years after allegations that they may be shell companies. They came into focus once again in January when a US short seller alleged that Adani Group used offshore shell companies to inflate stock price.
Ajay Banga was on Wednesday appointed the next president of the World Bank, becoming the first-ever Indian-American to head the global financial institution which said it looks forward to working with him at a time when it's tackling the toughest development challenges facing developing countries. "The executive directors of the World Bank today selected Ajay Banga as president of the World Bank for a five-year term beginning June 2, 2023," the bank said in a press statement. In February, President Joe Biden announced that the US would be nominating Banga, 63, to lead the World Bank because he is "well equipped" to lead the global institution at "this critical moment in history."
However, the bill will have all major provisions of the ordinance, promulgated by the central government on May 19, a week after the Supreme Court handed over the control of services in Delhi excluding police, public order and land to the elected government headed by Chief Minister Arvind Kejriwal.
Top Indian industrialist Ratan Tata has returned as a board member of East West Centre, a prominent American think tank.
Reserve Bank of India (RBI) on Friday said its board has approved a dividend payment of Rs 30,307 crore to the government for the financial ended March 2022. The board approved the transfer of Rs 30,307 crore as surplus to the central government for the accounting year 2021-22 while deciding to maintain the Contingency Risk Buffer at 5.50 per cent, RBI said in a statement. The decision on the dividend payment was made in the 596th meeting of the Central Board of Directors of RBI, headed by Governor Shaktikanta Das, held on Friday.
To cut interest rates, the central bank head has to open up a debate on inflation target revision.
Railway Minister Ashwini Vaishnaw, Madhya Pradesh Governor Mangubhai Patel, Chief Minister Shivraj Singh Chouhan, Union ministers Narendra Singh Tomar and Jyotiraditya Scindia, among others, were present on the occasion.
Sources said Saurabh Bharadwaj and Atishi will be sworn in on Thursday.
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.
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.
Any currency design change must be approved by the RBI central board and the central government.
Many boards insist on "proven", "experienced" directors when it comes to appointing women.
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.
Despite the national capital recording its best air quality on Diwali day in eight years, pollution levels may rise due to low night temperatures and sporadic burning of firecrackers though there is a ban on their manufacture, storage, sale and use within the city.
President Droupadi Murmu on Saturday took her maiden sortie in a fighter aircraft at Tezpur air base in Assam.
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.
The Reserve Bank on Wednesday said it plans to issue new bank licences around January, "consistent with the highest standards of transparency and diligence."
Women politicians bring to politics and policy a sensitivity that most of their male counterparts, at least until a generation back, lacked.
The Anti-Corruption Branch on Friday arrested Aam Aadmi Party MLA Amanatullah Khan after conducting raids at premises linked to him in connection with alleged irregularities in the Delhi Waqf Board recruitment, officials said.
Rajshekhar detailed his complaints in a report to the lieutenant governor's office, joint secretary in the Ministry of Home Affairs and the additional commissioner of police of Delhi's anti-corruption branch.
Sebi Chairman U K Sinha has often chastised listed companies for not having enough women on their boards.
Congress legislature party leader said the MVA is on a stronger wicket legally.
The development comes after the resignation of Manish Sisodia and Satyendar Jain, the key faces of the city government and were instrumental in steering the national capital through the COVID-19 crisis.
'We want to express our deep gratitude to Mr Rock for maintaining his composure under extraordinary circumstances,' the Academy stated.
Billionaire Mukesh Ambani on Tuesday showered lavish praises on Tata Group chairman N Chandrasekaran, saying he has scripted the salt-to-software conglomerate's spectacular growth in recent years. Sharing the dais with Chandrasekaran at the 10th convocation of Pandit Deendayal Energy University in Gandhinagar, Ambani said Tata Group's gigantic steps in the field of renewable energy under his leadership are inspirational.
A number of academicians as well as political scientists Yogendra Yadav and Suhas Palshikar, who were part of the textbook development committee of the NCERT, had asked the council to drop their names from textbooks over 'several substantive revisions of the original texts'.
Pawar, who was also the deputy CM in the previous Uddhav Thackeray-led Maha Vikas Aghadi (MVA) government, which was in power from November 2019 to June 2022, enjoys the image of a grassroot leader and an able administrator.
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.
Jammu and Kashmir Lieutenant Governor Manoj Sinha on Thursday said the rescue operations launched following a flash flood near the Amarnath cave shrine -- that left 15 people dead -- has been called off and there was no report of any person missing.
Excerpted from Sahara: The Untold Story by Tamal Bandyopadhyay.
Govt reconstitutes body, says will not interfere in senior PSB appointments
The impact of the explosion "was so massive" that the factory, which was being run from a residential building, collapsed, the police said.
West Bengal Chief Minister Mamata Banerjee will visit Chennai on November 2 and is likely to hold a meeting with her Tamil Nadu counterpart M K Stalin to discuss their strategies for the 2024 Lok Sabha poll, a senior government official said on Tuesday.
It is only after the government's nod that a particular design change come into effect.
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