It may be a 'no-go' for banking licences to large industrial houses.
The death toll in the Uttarkashi bus accident rose to 26 with the recovery of one more body after which the search and rescue operation was concluded, officials said on Monday.
The Congress questioned the Maharashtra governor for the "arbitrary" allotment of time to the Nationalist Congress Party, the Shiv Sena and the Bharatiya Janata Party to prove support for government formation.
The SIT was created by Supreme Court and notified by the government last year to curb black money.
A high-level panel led by former RBI governor Bimal Jalan, set up to decide the appropriate capital reserves that the central bank should maintain, on Wednesday finalised its report.
The Chernobyl nuclear power plant, which was taken over by Russian forces last month, has stopped transmitting data to the International Atomic Energy Agency (IAEA), the United Nations atomic watchdog has said, expressing deep concern for the staff working under Russian troops at the nuclear site in northern Ukraine.
Sharma, son of former Union minister Venod Sharma, was convicted and sentenced to life imprisonment by the Delhi high court in December 2006 for killing Jessica Lal in 1999.
The Bill -- the Securities and Insurance Laws (Amendment) and Validation, Bill 2010 -- addresses concerns by RBI over its autonomy, by including its Governor as vice-chairman of the joint commission instead of making him just a member.
This demand comes at a time when the government is falling short of its revenue targets due to dwindling tax and low disinvestment receipts. It could account for the dividend in the upcoming Union Budget on February 1. RBI is, however, yet to take a final call on the government's demand and might decide on this at its central board meeting scheduled for February 15 in New Delhi.
Every twist and turn in KMC's civil service career is attributed to serendipity, an aptitude for making desirable discoveries by accident. He plays down his capabilities, which took him to the top of the civil service as the Cabinet Secretary or his misfortune in losing a daughter in her prime and suggests that his career was indeed serendipitous, observes Ambassador T P Sreenivasan.
The meeting will review the current global and domestic economic situation and financial stability issues, including those concerning banking and NBFCs.
The government wants the RBI to part with most of its profit as dividend.
Bharatiya Janata Party leaders Sarbananda Sonowal, Jyotiraditya Scindia and Narayan Rane, all of whom are being seen as probables for induction as ministers in the Modi government, arrived in the national capital on Tuesday amid indications that the Union Council of Ministers is likely to be expanded on Wednesday.
A staunch defender of demonetisation, it would be interesting to see how he handles the government's increasing demand for more cash from the RBI, and letting some weak banks get out of prompt corrective action.
Only Rs 10,720 crore of the junked currency notes did not return to the banking system, rest 99.9 per cent was deposited raising question mark over the government's effort of curbing black money through the demonetisation.
'If you were to say today that the government should appoint judges to the high courts and Supreme Court, then I think that even those few good judges that we are getting today we would not get them.'
As he snapped ties with the Bharatiya Janata Party, Bihar's caretaker chief minister Nitish Kumar has once again been pitched as a prime ministerial candidate for the 2024 elections by some, but a majority of the Opposition still view the Janata Dal-United leader with suspicion citing his numerous 'U-turns'.
Protests against 'Agnipath' left Bihar in flames on Friday when rampaging mobs set fire to dozens of railway coaches, engines and stations and torched Bharatiya Janata Party offices, vehicles and other property, prompting the police to suspend internet services in nearly a third of the state.
Garg had refused to sign on the report finalised by the former Reserve Bank of India governor Bimal Jalan-led committee reviewing the central bank's economic capital framework (ECF).
RBI may also be open to injecting liquidity through open market purchases of bonds but is resisting relaxing capital buffers for banks.
The 61-year old leader will take oath as the Chief Minister of Karnataka from Governor Thaawarchand Gehlot at the Raj Bhavan on Wednesday at 11 am.
At the moment, there appears to be no alternative political narrative to the one lying buried under the debris of havoc caused on this front by the fallout of 'August 5, 2019', asserts Mohammad Sayeed Malik, the distinguished commentator on Kashmir affairs.
A day after OBC leader Swami Prasad Maurya resigned from the Uttar Pradesh cabinet citing apathy towards the backward classes, Dara Singh Chauhan too resigned as minister in the Yogi Adityanath government.
A girl who was set on fire by a person after she did not reciprocate his proposal in Jharkhand's Dumka district succumbed to her burn injuries on Sunday.
Jammu and Kashmir Director General of Police Dilbag Singh told PTI that preliminary information from the scene suggests there was a minor altercation among some young boys, and within seconds, there was a stampede situation.
The career bureaucrat-turned-central banker walked into the 19th floor corner room of the Reserve Bank on December 12, 2018. Since February 2019, the Das-led RBI has cut the repo rate by a whopping 135 basis points to support the sagging growth, including an unprecedented 35 bps reduction in August. As he completes one year at the helm, woes in the NBFC sector, overall health of the banking sector and steeply falling economic growth are among the major challenges that needs to be tackled sooner than later.
Yediyurappa termed these two years as 'trial by fire', pointing out that he had to run the administration without a cabinet in the initial days, followed by devastating floods and the challenge of COVID-19 management, among other issues.
The RBI governor has to convert the zero-sum game with the government from a non-cooperative one -- which his two predecessors had made it -- to a cooperative one, explains T C A Srinivasa Raghavan.
It is time for the three finance ministers of the 1990s to reveal the real hero, says T C A Srinavasa-Raghavan.
From his economist mother to politicians and academia -- all hailed Banerjee's achievement.
'Based upon the circumstances, the Board decided with heavy heart that it is not advisable to hold and conduct this year's Shri Amarnathji Yatra and expressed its regret to announce the cancellation of Yatra 2020,' the SASB said in a statement.
'Although Hong Kong weathered many a storm and displayed a remarkable resilience to bounce back, the developments in the territory have raised question marks with regard to its future stability and prosperity.' A revealing excerpt from Rup Narayan Das's Hong Kong Conundrum: Pangs of Transition.
'We can go somewhere between 35 per cent and 40 per cent.'
President Ram Nath Kovind on Sunday said he had never imagined that an ordinary village boy like him would have the honour of occupying the highest post in the country, and thanked the people of his birth place for this.
A magnificent display of India's cultural diversity through colourful parades across the length and breadth of the country marked the 71st Republic Day celebrations on Sunday which passed off peacefully, barring in Upper Assam, which was rocked by four explosions within a span of 10 minutes.
The four were kept at the CBI office in Nizam Palace following their arrest in the morning from their homes in different parts of Kolkata.
Free speech is the soul of a great university. By compromising on it, the founders have bartered away its soul, said Rajan.
After selling dollars for the past few months, the Reserve Bank of India (RBI) may take a hands-off approach before its annual account closing by not trying to prop up the rupee as geopolitical tensions show signs of stabilising with global crude oil prices easing from its $140 peak. The central bank was a net buyer of dollars between April and September, and then turned a net seller in the following months, the data released by the RBI showed. The RBI continued to be a net buyer of $36.6 billion in this fiscal year - between April and January. In 2020-21, it purchased $68 billion on a net basis.
In the first week, there shall be a cap of 2,000 pilgrims each day, of which 1,900 would be from Jammu and Kashmir and the remaining 100 from outside.
The 21st meeting of FSDC comes against the backdrop of the economy hitting a six-year low growth rate of 5 per cent in the first quarter of 2019-20. Even some of the macroeconomic data for the second quarter does not portray an encouraging picture of the economy.
