The main difference of opinion between RBI and FinMin is over the transfer of the RBI's 'excess' capital reserves. The Jalan panel seeks to convince finance secretary Subhash Garg to soften his dissent note language. The move is aimed at maintaining the now-cordial relations between the RBI and the finance ministry.
Under the provision of Section 92 of the Jammu and Kashmir Constitution, governor's rule is imposed for six months.
Economic Affairs Secretary Subhash Garg is the finance ministry's primary liaison with the RBI.
Half of the Japanese public think the 2020 Olympics will take place this summer, a survey by the Yomiuri daily newspaper showed on Monday, despite most people opposing holding the Games during the COVID-19 pandemic.
It also recommended that the RBI accounting year (July-June) may be brought in sync with the fiscal year (April to March) from the financial year 2020-21 as it could reduce the need for interim dividend being paid by the central bank.
Born in the Saurashtra region of Gujarat, Chudasama, also a former Mumbai mayor, engaged himself in social work after serving in a private company.
A paper authored by Rajan said, state-linked banks can be a first step in altering the ownership structure of some PSBs, where the government brings down its stakes to below 50 per cent, creating distance from operations of banks, and improving governance along the way.
From defending the shock announcement of demonetisation to spearheading the remonetisation drive that included the cumbersome process of printing and supplying new Rs 500 and Rs 2,000 notes, his calm composure brought a sense of serenity to an otherwise chaotic situation.
He said it will be 'foolhardy' to diminish institutions for short-term political gains.
General Bipin Rawat, his wife and 11 others were killed in a helicopter crash near Coonoor in Tamil Nadu on Wednesday, the Indian Air Force said.
The legislators will be staying at a luxury resort there and likely to visit the Somnath temple, sources said.
It is the NSCN-IM which is having the last laugh as speculation grows that Nagaland Governor R N Ravi may have been replaced as Naga interlocutor.
'The CoA feels that if David has declared and is not taking remuneration from India Cements, he is not in conflict'
'There is no question of joining hands with the BJP.'
When did Urjit Patel really resign? When did Shaktikanta Das get the mandate to take over as RBI governor?
North Block is concerned that when India is trying to attract more investment, putting up restrictions on audit firms could create an avoidable bad advertisement.
The interim dividend will help Narendra Modi-led government partly bridge the deficit its budget had developed after the announcement of a Rs 75,000 crore a year cash dole scheme for small farmers.
The regulator said that it is vested within its purview to regulate the bank account for payment systems and the settlement systems are finally posted in the books of account of banks with the RBI to attain settlement finality.
RBI's oversight cadre move creates HR trouble, officers threaten agitation.
A PhD from Chicago-Booth and a top-ranking IIT-IIM alumnus, Krishnamurthy Subramanian is one of the world's leading experts in banking, corporate governance and economic policy
Central Reserve Police Force and police personnel moved to search the vehicle and came under fire of the terrorists hiding in the truck. They retaliated resulting in an encounter.
Here's all you need to know about the man who could be India's next president.
With Deputy Governor Viral Acharya and another member Chetan Ghate voting for a status quo, RBI governor Shaktikanta Das and three others outvoted them for reduction in repo rate to 6.25 per cent from the existing 6.50 per cent.
The Japanese and Tokyo metropolitan governments, local organisers and the International Olympic Committee (IOC) have all sought to quash persistent speculation that the Games could be cancelled or postponed.
With the setting of MPC, the interest rate setting powers would move from RBI Governor to the panel.
This is not her first stint in North Block or in leading a major economic ministry. She started Prime Minister Narendra Modi's first term as minister of state for finance, was made the commerce minister, and then became the defence minister.
'It is not something that is going to unfold in the next few weeks or even the next few months.' 'This process will continue for some time. And that's how it should be.' 'If the politicians are coming on board, then that is a welcome step.'
'The PCA framework was revised and tightened in April 2017, but there was no discussion in any board meeting. The government does not know the rationale behind revising the framework and how the RBI arrived at it. Similarly, there was no discussion in the board meeting on the revised NPA framework,' said an official.
A top official of the Pakistan Cricket Board said he would advise the PCB against sending its national team to India for the planned bilateral series in December.
R Gopal, the editor of Tamil magazine 'Nakkheeran', who had written articles on a sex scandal involving a woman college teacher, was picked up by police from the airport before he could board a flight to Pune, officials said.
With a view to protect prudent commercial decision of bankers, the government has taken a slew of decisions, including doing away with personal responsibilities of MD and CEO of PSBs for compliance in dealing with large value frauds committed by bank officials.
Thanks to the recapitalisation by the government and measures taken by the central bank, collapse of any large housing finance company won't pose as big a risk as it had six months ago.
Tamal Bandyopadhyay offers some unsolicited advice for a government wh,ich came to power, with brute majority and the nation's pragmatic chief money man.
The Reserve Bank on Friday set up a three-member committee under former Governor Bimal Jalan to scrutinise applications for new bank licences, which are expected to be awarded by January.
'We are very watchful about inflation and growth. But the main challenge is economic revival and growth.'
The former bureaucrat said he will take measures which the economy requires in a timely manner and as the first step, will meet the heads of public sector banks.
True, Azam Khan is being targeted rather disproportionately and also because of his Muslim identity. That must be protested and resisted. But to say that he is a big messiah, and his profit-making educational enterprise is an issue concerning all Muslims of India, is absolutely unjustified, assert Mohammad Sajjad and Md Mohammad Zeeshan Ahmad.
Cyber thieves have been using RBI logos to send out mails to cheat customers
Modi said India has taken an important step forward in protecting its youth population against the disease.
The 39-year-old Imphal-based journalist was detained under the NSA on November 26 for allegedly uploading videos criticising the BJP-led governments in Manipur and at the Centre for observing Rani Jhansi's birth anniversary.
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