...Is this a virus more dangerous than Covid-19, asks Ajit Balakrishnan.
Rajan said in order to export, one needs to be able to import things that go into those exports as cheaply as it can.
The most common complaint of financial consumers is cumbersome processes, complicated products, usurious charges, and mis-selling of products, which finally don't deliver what is promised or as expect, notes Debashis Basu.
It was an illustrious gathering in Kanpur on Thursday as the Board of Control for Cricket in India felicitated its former Test captains including Sunil Gavaskar, Ravi Shastri, Mohammad Azharuddin, Sachin Tendulkar, Sourav Ganguly, Anil Kumble and Mahendra Singh Dhoni among others to celebrate India's 500th Test match.
No plaque marks the historic meeting place of the fathers of two nations. And no history textbook tells us about that first meeting and their mutual admiration, common ethos and comradeship.
"I appeal to everyone to maintain peace. I hope to be back on the field in the next few days," Banerjee said.
RBI Governor Subbarao also said an increase in non-performing assets at lenders was a matter of concern, but added that banks were well capitalised, during a media briefing at the conclusion of the central bank's board meeting.
Since the RBI is the 'lender of the last resort', as per terms of arrangement, Yes Bank would have to exhaust immediate liquid assets before accessing this fund.
The IMF Board of Governors have approved a general allocation of special drawing rights equivalent to $250 billion to provide liquidity to global economic system by supplementing its member countries' foreign exchange reserves.
The Pakistan Cricket Board said that it would file a compensation claim against the Board of Control for Cricket in India with the International Cricket Council's disputes resolution committee in January next year.
Noble laureate Amartya Sen was appointed chancellor of the upcoming Nalanda University by the board of governors in a meeting in Patna on Thursday, officials said.
With this allocation of portfolios, the Sharad Pawar-led NCP has got most of the 'plum' ministries.
These changes will entail a relook at the various laws governing banks in the country - the two Bank Nationalisation Acts (passed in 1970 and 1980); the State Bank of India (SBI) Act of 1955; and the Companies Act of 2013.
In a bid to enhance preparedness for disaster management among government officials involved in management of the annual Amarnath Yatra starting July 2, National Disaster Management Authority has planed to conduct a three-day mock drill.
The sources said the ministers and HRD officials however assured the students that their genuine demands like better amenities inside the campus and improving the academic atmosphere will be addressed.
Major gainers in the Sensex pack were Wipro, Kotak Bank, Infosys, Maruti, Tata Motors, L&T, IndusInd Bank, Hero MotoCorp, M&M, SBI, ONGC, HDFC Bank and HUL, rising up to 3 per cent.
Flagging the issue of lack of enough economists in the country, Reserve Bank India (RBI) Governor Raghuram Rajan has said the inability to get quality talent may be hurting policy making.
The accident occurred when the private boat 'Ma Kamala' was headed to Majuli from Nimati Ghat and the government-owned ferry 'Tripkai' was coming from the riverine island.
Rajan will be closely working with the RBI governor and the four deputy governors to gain familiarity with the central bank's stance on various issues.
Historically, the RBI has tried to keep the crooks at bay by issuing a circular a day. What it needs is more onsite supervision. Merely checking high-frequency data with the help of technology is insufficient, notes Tamal Bandyopadhyay.
According to Subbarao, the pressure on the currency was inevitable.
Stressed MSME borrowers would be eligible for restructuring of debt, if their accounts were classified standard.
The report contains names of entities eligible for bank licences. It was not immediately known how many applicants have been shortlisted by the high-level advisory panel.
India should not be left behind. It should join the seven central banks which are studying feasibility and safeguards necessary to eliminate risks, particularly from hacking, advises former foreign secretary Shyam Saran.
The Jalan panel has recommended to the RBI to keep shady entities out of banking licence race.
Pakistan Cricket Board chairman Zaka Ashraf was suspended by the Islamabad High Court on Tuesday over what it described as the 'polluted' process to elect him to the post.
The two would-be Dy CMs are Goa Forward Party chief Vijai Sardesai and Maharashtrawadi Gomantak Party MLA Sudin Dhavalikar.
Billions of rupees spent on river cleaning programmes have gone down the drain. This situation cannot be allowed to continue, says Business Standard.
He also complimented the United States for making it possible. The civil nuclear initiative was good for India and good for the world, he said in a statement.
Paswan was a minister under six different prime ministers, hardly out of government since he was first elected to the Lok Sabha in 1977, observes Virendra Kapoor.
In August, the Fed announced that it would develop a "new interbank 24x7x365 RTGS with integrated clearing functionality to support faster payments in the United States". The Fed Board asked for comments on FedNow by November. In reply to this, Google mentioned its experience of launching Google Pay -- Google's payments app which uses the UPI -- in India.
RBI conducts interviews for first lateral hire for CGM post; deputy governors to head four distinct verticals.
Thomas Bach has virtually complete control over the body and by far the biggest influence on whether the Games will go ahead or not. With the Games having only been cancelled in the past due to World Wars One and Two, Bach will undoubtedly do everything in his power to protect the IOC's prime product
India's batting legend Sunil Gavaskar launched his new innings with a triple double century to support over 600 lifesaving heart surgeries for underprivileged children in India.
This is the first Cabinet expansion after he assumed office on July 26 and proved his government's majority on the floor of the assembly on July 29.
The final and most significant reset in the relations between the government and the RBI is the manner in which the process of appointing the governor and deputy governors of the central bank has been changed.
'Those who come from outside are surprised at the relatively small strength of the RBI supervisory cadre, relative to the needs of the country and the needs of the financial sector.'
India's forex reserves recently declined by $704 million to $354.517 billion.
As a result of this moratorium, individuals' EMI payments of loans taken will not be deducted from their bank accounts, providing much needed liquidity to borrowers whose income has been disrupted due to the lockdown till May 31.
Earlier in the day, International Atomic Energy Agency chief Mohamed ElBaradei had endorsed the India-specific safeguards agreement, asserting that it conformed to "all legal requirements" of his agency and that talks had begun on a system of extended inspections.
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