The central bank said its board of directors had approved the broad contours of the proposals.
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.
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 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.
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.
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.
Other members of the high-level advisory committee are former RBI Deputy Governor Usha Thorat, former Securities and Exchange Board of India Chairman C B Bhave, and Nachiket M Mor, Director of the Central Board of Directors of RBI, Governor Raghuram Rajan said.
The BJP announced names of 107 candidates for the Uttar Pradesh assembly polls.
RBI says haste in easing norms for banks harmful to economy.
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.
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.
Issues like the need to have better coordination between the Lt Governor and the AAP government figured in the meeting.
The South Carolina governor has become the first woman and minority to join Trump's administration.
The agitated workers waved black flags and chanted slogans against him.
Rediff.com highlights the provisions of the controversial Andhra Pradesh Reorganisation Bill, which was introduced by Home Minister Sushilkumar Shinde in Lok Sabha on Thursday amidst pandemonium.
"We firmly hold that undermining the central bank is a recipe for disaster and government must desist," All India Reserve Bank Association said in a letter. The association said Acharya's comments about the government's interventionist role vis-a-vis the RBI has created a flutter across the nation. "This is, however, not a sudden outburst, but was waiting to happen due to long simmering discontent," the association said.
The finance ministry has ruled out the proposal for the appointment of a chief operating officer (COO) of the rank of deputy governor in the Reserve Bank of India (RBI), as the government feels no interim arrangements should be made for such high-profile appointments.
The first batch of over 12,000 yatris (pilgrims) left for the cave shrine located at 14,500 feet above the sea level from the two base camps.
As many as 362 passengers and six train staff were on board at the time of the incident.
Will MBA hybrid model be the focus for B-schools? Should B-schools focus on long distance programmes?
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.
In his book, former governor Subbarao says Chidambaram, Pranab were piqued by his tight rate policy.
Fadnavis had gone to Latur in Marathwada region when the mishap occurred.
The committee had eminent people on it and making any allegations like this is 'outlandish', Sitharaman said.
The group, headed by former RBI deputy governor H R Khan, has also pitched for liberalised investment cap, review of prohibited sectors for foreign investment for FPIs, permitting FPIs for off-market transactions and review of restriction on sovereign wealth funds for investment in corporate debt securities.
Given Indian corporates's high indebtedness, new credit will be used for servicing loans rather than building factories. This is setting us up for more companies on life support and more zombie banks, warns Rahul Jacob.
With many getting payment reminders, confusion prevails among borrowers, term-plan investors and credit cardholders over the implementation of the three-month moratorium on all loan repayments amid disruptions caused by the coronavirus outbreak. As part of measures to alleviate hardships faced by people, the Reserve Bank of India, on March 27, announced a slew of steps, including a three-month moratorium on loan repayments.
Among sectoral indices, telecom led the chart, spurting 3.08 per cent, followed by oil and gas.
The resignation is sure to create more political firestorms for the government as it comes on the eve of the winter session of Parliament where the Opposition has already made it clear to the treasury benches that infringing on the RBI autonomy would be a big talking point for them.
The national capital has so far recorded six cases of coronavirus.
"The message we want these children to go back with, is that if terrorist activities and stone-pelting stops in Kashmir, it too can prosper like Delhi or other big cities, and perhaps even better," Gen Rawat said.
The meeting came amid a face-off between the central bank and the finance ministry over issues ranging from appropriate size of reserves that RBI must maintain to ease of lending norms to step up growth in an election year.
The NDA government is seeking removal of all political appointments.
'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.'
This gains importance in the backdrop of speculation on a second term for Raghuram Rajan.
RBI wants periodic revision of the pensions for its retired employees.
The windfall from RBI may be used to trim borrowing, help fund Rs 3.3 lakh crore capex plan, capitalise banks and provide fiscal stimulus to some stressed sectors, experts and economists said.
Being part of category-I implies lower compliance burden, simplified know-your-customer norms and documentation requirements, and fewer investment restrictions.
Takao replaced Haruhiko Kuroda, who had, in March, quit ADB to take charge as Japan's central bank governor.
Jaitley calls it unfair and false attack on a disciplined civil servant
