This demand comes at a time when the government is falling short of its revenue targets due to dwindling tax and low disinvestment receipts. It could account for the dividend in the upcoming Union Budget on February 1. RBI is, however, yet to take a final call on the government's demand and might decide on this at its central board meeting scheduled for February 15 in New Delhi.
Highly-placed sources in the government say that none of the senior ministers had any inkling of Patel's resignation
For development finance institution to succeed now, the government must stand like a rock behind it and be patient.
The government is unlikely to come up with the IPO of Life Insurance Corporation (LIC) in the current financial year ending March 2022, as the valuation of the state-owned behemoth is taking more than anticipated time, and the preparatory work is still far from complete. There are still some issues that need to be addressed with regard to the valuation of LIC, a senior official of one of the merchant bankers said. Even after the valuation, there are several regulatory processes that have concluded, the official said.
As deputy governor, Patel headed the RBI panel to draft the monetary policy report, which became the basis of the ongoing reforms at the apex bank
The government would be ironing out issues related to the controversial 'bail-in' clause in the earlier Bill, explore hiking the deposit insurance cover of customers, and decide whether the resolution framework should apply to public sector banks.
The Rajya Sabha on Wednesday approved the biggest tax reform since Independence.
The government would be setting up a National Health Protection Council, National Governance Board and National Health Agency before roll-out of the scheme on August 15.
If General Asim Munir, Pakistan's new army chief, wants to help defuse the current polarised atmosphere and shepherd civilian politicians towards negotiations on an acceptable date for elections, he may need to distance himself from any perception of needless hostility to Imran Khan, explains Rana Banerji, who headed the Pakistan desk at RA&W, India's external intelligence agency.
Political analysts believe that an aggressive Harris, 55, who aspires to be the first woman vice-president in history, will easily prevail over Pence, 61, during the only vice-presidential debate and help Biden, 77, to widen his lead over Trump, 74.
Narayanaswami Srinivasan might have been barred from becoming the president of the Board of Control for Cricket in India but he is set to represent the Indian Board in the International Cricket Council meeting.
BCCI President Anurag Thakur on Sunday made it clear that unlike his predecessor Shashank Manohar, he is not "interested" in any ICC post and his sole focus at present is to protect the rights of Indian cricket. Hinting at Manohar, Thakur said, "One who had to go to ICC have already gone long back. I have no interest and I am happy here with BCCI and nothing is more important for me than India. We have to protect the rights of India. If you don't think about India then it will be difficult to think about any other country. "Today there is India, so world cricket is growing," Thakur said.
The long-serving team manager Biswal was appointed chairman of the IPL in the Cricket Board's AGM in Chennai on Sunday.
This provision is a very smart rule against fraudster and would not affect any genuine business entities or Ease of Doing Business in any manner, said a source.
Navjot Singh Sidhu was not part of the Channi-led 'jatha' (group) which went to pay obeisance at the gurdwara.
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.
'It's a very tough situation. We're talking to India. We're talking to China. They've got a big problem there'
The panel also suggested that Know Your Client rules should be based on the risk profile of investors.
A committee suggested that CSR expenditure be made tax deductible, in order to incentivise spending by companies. It also said that CSR should not be used as a means of resource-gap funding for government schemes.
According to a media release sent by the ICC, Deputy Chairman Imran Khwaja will take over as interim chairman till the election process is set in motion.
The Central Bureau of Investigation had called Karti for questioning on Thursday in connection with the foreign investment clearance given in the Aircel-Maxis deal in 2006 when his father Chidambaram was the finance minister.
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.
Reserve Bank Governor Shaktikanta Das on Wednesday said the country is at the doorstep of economic revival on the back of accommodative monetary and fiscal policies being pursued by the central bank and the government.
Bilateral cricket ties have been suspended since 2007 although Pakistan did tour India for a short limited over series.
Central banking is a science, not an art, Tamal Bandyopadhyay tells RBI Governor Shaktikanta Das.
The BJP will not announce the chief ministerial candidate before the Assam polls and a decision in this regard will be taken by its Parliamentary Board at the time of forming the next government, the saffron party state unit president Ranjeet Kumar Dass said on Monday.
The government is currently holding consultations with all stakeholders including state governments, local bodies and those keen on developing smart cities.
'He is positive and likes to get work done,' is how a retired bureaucrat described him. 'I assume he will push the reform agenda with strength.'
The IOC Executive Board on Wednesday finalised weight categories (eight men, five women) for the Tokyo Games as well as the qualification system.
The Covid pandemic has left a question mark on how the central government manages its staff.
The far-reaching effect on the implementation of the Lodha Committee's recommendations calling for sweeping reforms in the BCCI's structure and the subsequent scathing observation on the matter by the Supreme Court which has shaken the Board members, is set to dominate the Special General Meeting.
India's second-largest software services company Infosys on Wednesday posted 12 per cent year-on-year rise in consolidated net profit at Rs 5,686 crore for March quarter 2021-22. The Bengaluru-based company had registered a net profit (after minority interest) of Rs 5,076 crore in the corresponding period previous year, according to a regulatory filing. Infosys' revenue grew 22.7 per cent to Rs 32,276 crore in the quarter from Rs 26,311 crore in the year-ago period, it added.
International Cricket Council chairman Shashank Manohar on Wednesday said that he is following the developments in the Board of Control for Cricket in India and that a 'strong BCCI' based on solid governance foundations is good for the game.
The Directorate of Revenue Intelligence, the lead agency to check customs frauds and smuggling, has decided to post officers at India's Mission in New York (US), Singapore, Brussels (Belgium) and in Nepal's Birgunj.
'Cyrus was always very different. He would think before acting.'
Ahead of the crucial CBT meet, the Employees' Provident Fund Organisation's advisory body Finance and Investment Committee will firm up its view on the matter.
... As the world swings from 'financialisation' to 'artificial intelligence', asks Ajit Balakrishnan.
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.
The immediate concern for all companies is to prepare themselves - and their vendors and suppliers - for the new GST return filing mechanism, being test piloted from April 1.
RBI had received 72 applications for small finance bank licences.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances