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.
The prime minister was addressing the flagging-off ceremony of the Vande Bharat Express through video conferencing.
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.
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.
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 Andhra Pradesh government has decided to set up regional development boards for three regions -- Telangana, Rayalaseema and coastal Andhra.
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.
Govt reconstitutes body, says will not interfere in senior PSB appointments
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.
Atishi will handle education, PWD, power and tourism departments, while Bharadwaj will look after health, urban development, water and industries.
'Judging by the conduct of two governors of Kerala and one governor from Kerala, Congressmen treated Raj Bhavan as a transition point before taking a flight back into active politics.'
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?'
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.
India's inclusion in JP Morgan's bond index can channel billions of dollars into India. How will the government securities market handle it?
India has cancelled its briefing on the safeguards agreement for the members of the International Atomic Energy Agency, which was scheduled to be held in Vienna on July 18.The IAEA safeguards agreement is an essential step India has to take to integrate with international nuclear commerce before it secures a one-time waiver from the 45-nation Nuclear Suppliers Group.
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".
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 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.
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.
The reason behind issuing new bank licences is to allow more private sector entities to set up banks
Dr Sethuraman 'Panch' Panchanathan, senior vice president, Office of Knowledge Enterprise Development, ArizonaStateUniversity, was last week appointed to the United States National Science Board by President Barack Obama.
On Thursday, the apex court ruled that the Delhi government has legislative and executive powers over the administration of services, except for public order, police and land.
Nandan Nilekani, co-founder and chairman of Infosys and the founding chairman of UIDAI, has donated Rs 315 crore to the Indian Institute of Technology (IIT) Bombay.
Balance is needed in selecting members for the proposed monetary policy committee, says Abheek Barua.
Bharatiya Janata Party president J P Nadda has appointed Union minister Mansukh Mandaviya and party general secretary Vinod Tawde as central observers for the election of the leader of opposition in the Karnataka assembly.
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.
Is Chandrababu Naidu being in jail an opportunity? How will the TDP capitalise on it? Or will it implode with nothing more than a sigh?
'The no-rate cut policy and preference to wait for the Budget and clarity on the fiscal front demonstrate RBI Governor Shaktikanta Das is maturing in his new role,' notes Tamal Bandyopadhyay.
'We want to express our deep gratitude to Mr Rock for maintaining his composure under extraordinary circumstances,' the Academy stated.
West Bengal Chief Minister Mamata Banerjee was injured when the helicopter in which she was flying made an emergency landing at the Sevoke air base near Siliguri in the northern part of the state due to bad weather on Tuesday afternoon, officials said.
Fintech companies believe that the impact of Reserve Bank of India's order last week on unsecured loans will be visible in six to 12 months and prompt them to diversify and strengthen their secured portfolio. Fintechs which source funds through banks or non-banking finance companies (NBFCs) are looking at quickly building their secured portfolio options to at least 40 per cent of their total portfolio. "Over the medium to long term, as part of our product strategy, we are evaluating secured products which can be enabled over a digital platform" said Yogi Sadana, the founder of Zype, a lending-focussed fintech.
Congress legislature party leader said the MVA is on a stronger wicket legally.
Any currency design change must be approved by the RBI central board and the central government.
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.
People who were present at the convention centre told media that the first blast occurred in the middle of a prayer.
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.
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.
An alumnus of IIM Calcutta, he is the first ex-student of any IIM to be appointed to this position.
