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.
The Haryana assembly on Tuesday passed a resolution seeking the completion of the SYL canal and the transfer of Hindi-speaking areas from Punjab, while denouncing the neighbouring state for staking its claim over Chandigarh.
Free speech is the soul of a great university. By compromising on it, the founders have bartered away its soul, said Rajan.
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.
From his economist mother to politicians and academia -- all hailed Banerjee's achievement.
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.
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 prime minister may go for new faces with an eye on grooming younger leaders while also factoring in caste and regional balances
Speculations were rife that the former batting great will join the BJP ahead of the state assembly elections.
The BJP MLC, who had switched his loyalty from the Janat Dal-Secular to the BJP two years ago, alleged that the "entire state" including ministers, had been talking about Vijayendra's interference in the administration.
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.
Finance Minister Nirmala Sitharaman on Friday assured cash-starved Yes Bank depositors that their money is safe and the RBI is working on an early resolution of the issue. "I'm in continuous interaction with the Reserve Bank of India (RBI). The central bank is fully seized of the matter and has assured they will give a quick resolution. I want to assure every depositor that their money shall be safe. Their monies are safe," Sitharaman told reporters in New Delhi.
The BJP member also sought to put the LVB-DBS merger on hold in order to facilitate a forensic audit of the takeover of the assets of both banks.
Two women are in contention to become prime minister for the first time in Japan's history -- a potential turning point for a country that ranks below Saudi Arabia in terms of female political representation, points out Rajaram Panda.
Patra, as executive director of the central bank, was the principal advisor to the Monetary Policy Department since July 2012.
Is the RBI unable to accept with grace that beyond 55, one can have the ability to head the compliance functions in a bank, asks Tamal Bandyopadhyay.
The Financial Stability and Development Council meeting on Tuesday started with an air of tension in the room. An official present described the participants' body language as "tetchy". However, once presentations and discussions begun, the mood considerably eased.
Tokyo Governor Yuriko Koike said on Thursday that organisers were looking at ways to simplify the Games.
A top Japanese virologist and government adviser has warned of the risks of spreading COVID-19 infections during the Tokyo Olympics.
Political leaders across parties reacted to the Air India Express aircraft crash, which took place on Friday evening at Kozhikode airport.
President's Rule can be revoked before the six-month period if a situation emerges for formation of a stable government.
Bad loans of PSBs are at Rs 20 trillion. Most of it is, I sense, due to corruption and behest lending. Nobody pays a price for this charade. Not the promoters, the bankers, RBI officials, finance ministry bureaucrats or politicians, points out Debashis Basu.
'The RBI is something like a seat belt. As a driver, the driver being the government, it has the possibility of not putting on a seat belt but of course if you do not put on your seat belt you get into an accident and the accident can be quite severe,' Raghuram Rajan told CNBC TV18. 'The aim of the board is to be Rahul Dravid -- sensible, thoughtful and not, with due respect, Navjot Sidhu,' he added.
'It is likely the government may opt for an IAS officer.' 'For the government, an IAS officer will be more easy to deal with,' notes A K Bhattacharya.
13 eminent economists, including former RBI governor Raghuram Rajan and current International Monetary Fund Chief Economist Gita Gopinath, in a report have asked the political establishment not to resort to populist tricks.
There is so much liquidity in the system, in the global economy, and that's why the stock market is very buoyant. It will certainly witness correction in the future: RBI's Das.
Today, the two countries, ruthlessly divided by the Radcliffe line that pierced their very heart, grapple with the political challenges of the present. Yet, when friendships develop there are no borders, observes Payal Singh Mohanka.
The flight was taking off from Moscow's Domodedovo airport when the incident took place.
The Pakistan Cricket Board on Thursday said Mohsin Khan had requested board chairman Ehsan Mani to release him from the post and now the committee will be headed by Wasim Khan, who is Managing Director of the board.
'If Urjit Patel had resigned after the five-state elections results people would have taken a different view. So this was the right time for him to resign.' 'He rightly resigned as he felt the differences with the government were not getting settled.'
The infra-major going belly up cracked open some major flaws in the system - the most evident being weak corporate governance and how layers of corporate structures could be formed adding to the opaqueness of the group.
Reserve Bank of India Deputy Governor Viral Acharya is the eighth economist to quit since the Modi government took office.
It was the RBI which destroyed our $-job economy. It is for the RBI to resurrect it by instituting news ways of managing the INR, says Sonali Ranade
"Patel's resignation will shake foreign and domestic trust in the RBI's autonomy and shows that a red line has been crossed."
If the policy is extended to NBFCs and co-operative banks, they will have to disclose divergence in asset classification and provisioning during RBI inspections in their audited financial reports. Till now, these entities have been exempted from this. At present, there are more than 98,000 co-operative banks and 10,000 NBFCs. Sources said the RBI would concentrate on the top 50 co-operative banks and NBFCs.
"We have to collectively address all doubts. The vision of flexibility with which this policy was brought... We will have to show in a similar way maximum flexibility in implementing it," Modi said while addressing the 'Governors' Conference on the Role of NEP in Transforming Higher Education'.
The BJP announced names of 107 candidates for the Uttar Pradesh assembly polls.
Will MBA hybrid model be the focus for B-schools? Should B-schools focus on long distance programmes?
Two incidents of hurling of crude bombs were reported in Sealdah and Khanna areas of Kolkata, and police contingents were rushed to the spot to bring the situation under control, a State Election Commission official said.
The agreement is subject to approval by the IMF management and consideration by its executive board, which is expected in early April.
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