The decision to increase the quantum of capital infusion was taken at a meeting between Finance Minister P Chidambaram, RBI Governor Raghuram Rajan and Economic Affairs Secretary Arvind Mayaram in New Delhi.
FM says government policies aim to contain inflation, spur growth.
Unhappy with the three-year sentence to the juvenile convicted in the brutal December 16 gang rape, Lieutenant Governor Najeeb Jung said there was a need to review laws for juveniles, including the age limit in cases of heinous crimes.
Securities & Exchange Board of India (Sebi) Chairman C B Bhave has for the first time publicly backed the Bimal Jalan committee report on the working of capital market infrastructure institutions (MIIs). The report was placed in the public domain on November 24 and received scathing criticism from industry players.
The committee was appointed by market regulator Sebi in December 2009 to review the ownership and working of capital market infrastructure institutions.
'Although the tactical move to outflank the BJP fell through with New Delhi's decisive intervention and eventual dissolution of the state assembly, the PDP, NC and the Congress appeared to be more than satisfied.' 'They see the assembly dissolution as their 'great achievement'.' 'If one were to believe what they say, this was also their main objective,' reveals Mohammad Sayeed Malik, the doyen of Kashmiri commentators.
PCB Chairman, Najam Sethi is in the UK meeting with the British legal firm for advise. PCB's chief operating officer, Subhan Ahmad has also flown to London for the same purpose.
As part of an ongoing series, we bring you stories of young Indian Americans who came looking for the Real India and found their real selves instead. Rucha Desai recounts his trip to India.
A government panel said policymakers and regulators should have an open mind regarding the introduction of an official digital currency in India.
A series of guidelines have been issued to pilgrims undertaking the Amarnath Yatra this year, including asking women not to wear sarees while trekking, by the shrine board which organises the two-month long pilgrimage.
The ban on listing and other roadblocks on ownership have tainted the Jalan Committee report.
Iran has accelerated its nuclear programme and currently possesses sufficient supply of uranium to make three nuclear devices, a United Nations nuclear watchdog report claimed.
'Normally, the system is geared towards counting notes -- it is equipped to do x amount of work and one day you are asking them to do 20 x.' 'The processes involved are very complex.'
Reserve Bank of India (RBI) Governor D Subbarao on Thursday said while the central bank was deeply conscious of the continuing liquidity crunch, the scale of government spending was not enough to ease the situation.
Blaming high cash balance with the Government for aggravating liquidity strain in the system, the Reserve Bank on Thursday asked it to loosen purse strings for easing the situation. "On Wednesday, the government cash balance stood at Rs 92,000 crore (Rs 920 billion).
Culture Minister Prahlad Patel asserted that national memorials cannot be 'political memorials' and they should be kept away from politics.
Reserve Bank of India on Thursday said the bank would use all its instruments to manage liquidity in the system following increased FII inflow.
RBI data show one-fifth of all the infrastructure loans are stressed and the share of such loans in overall stressed assets is nearly a third.
Kumar will hold responsibility for strategy at the group level.
The NIT Sringar has agreed to many of students's demands but did not reply to another major demand that the HRD minister or the PM should hoist the tricolour at the campus.
Raghuram Rajan's exit reminds Syed Firdaus Ashraf of Kafka's The Trial.
The 2020 race marks Biden's third attempt at running for US president. He first tried in 1988 but dropped out after allegations of plagiarism. He ended his second attempt in 2008 after garnering less than one per cent in the crucial Iowa caucuses.
The Indian Institute of Management, Calcutta, on Friday decided to revert to its old fee structure of Rs 125,000 per annum, but also resolved to offer "need-based scholarships" to students from families with a weak financial position.
Advice to the new finance minister from former RBI governor Raghuram Rajan: 1. Clean up banks by reviving projects that can be revived after restructuring debt. 2. Improve governance and management at public sector banks. 3. De-risk banking by encouraging risk transfers to non-banks and the market. 4. Reduce the number and weight of government mandates for public sector banks, and for banks more generally.
'As engineers, as alumni and as Indians, we should be concerned about today's leadership that is making tomorrow's leaders at our IITs,' says Air Marshal P V Athawale PVSM, AVSM, VSM (Retd).
The Pakistan Cricket Board rejected a proposal to grant Test umpire Nadeem Ghauri a six-month relaxation from his four-year ban and allow him to resume umpiring in domestic tournaments this season.
Apart from SBI, UPI 2.0 partner banks are HDFC Bank, Axis Bank, ICICI Bank, IDBI Bank, RBL Bank, YES Bank, Kotak Mahindra Bank, IndusInd Bank, Federal Bank and HSBC.
In what may be seen as a message to the electorate that he has a say in the party, Uttar Pradesh Chief Minister Akhilesh Yadav on Monday inducted three Cabinet and two Ministers of State (Independent Charge) ahead of next year's assembly elections in the state.
Former Pakistan fast bowler Shoaib Akhtar has set his sights on a coaching career after agreeing to take charge of a top domestic team.
Rajan said there was full understanding between him and the Finance Minister Arun Jaitley on setting up of the PDMA
"I think bankers have expressed some concern that they should not be held liable for actions that are taken in the full spirit of what is needed," Raghuram Rajan said.
The notification formalities were completed on Thursday night, a crucial step in paving way for the implementation of international civil nuclear cooperation, Department of Atomic Energy sources said.
The principal challenge for Rajan's successor is to work with the Bank Board Bureau and the finance ministry to complete these processes of banking reform.
The debt resolution involves RCom exiting the SDR framework with no conversion of debt into equity and zero write-off by lenders, Anil Ambani said, adding that he expects full closure by March 2018.
The tussle between the AAP government and the Centre escalated on Tuesday with the cancellation of appointment of nine advisors to Delhi ministers following the Union home ministry's directions which said these posts were "not sanctioned".
Over 1.43 lakh intending pilgrims have registered themselves for this year's Amarnath Yatra beginning from July 2.
