The NDA government has gradually nuanced its position on the issue of demographic challenge.
The controversy involves mis-selling Credit Suisse AT-I bonds to NRIs as fixed-maturity instruments, later written off after collapse.
'When there is such an elaborate and a strong process, one would have expected anyone to either place the issues so that they can be addressed or go to the regulator and probably tell them rather than creating a kind of uncertainty for the stakeholders.
A court in Antwerp on Friday cleared the extradition of fugitive diamantaire Mehul Choksi, noting that his arrest by the Belgian authorities on India's request was valid, officials in the know of the development said.
Yes, the entry of private bankers, particularly with global experience will add value to PSBs, points out Tamal Bandyopadhyay.
The Commissioner of Railway Safety has determined that the Mysuru-Darbhanga Bagmati Express accident was caused by sabotage, prompting increased security measures and investigations.
Last fortnight, State Bank of India Chairman C S Setty lifted the veil on a subject long spoken of in corporate corridors: Why can't our banks finance mergers and acquisitions (M&As)? Change is in the air: Indian Banks' Association (of which Setty is the chairman) is to "make a formal request" to Mint Road to make way for it. Thus far the exclusive turf of foreign banks even though its funding remains offshore - as in, it's not on these entities rupee-book (and a few select shadow banks) - a most lucrative segment in the investment banking suite, M&As, will be homeward-bound.
Former Kerala minister M A Baby was elected as the CPI(M) general secretary at the 24th party congress in Madurai. Baby, who was a member of the Rajya Sabha from 1986 to 1998, has been a member of the Politburo since 2012. He succeeds Sitaram Yechury, who passed away last year.
Lieutenant General Shakti Gurung deserves to be complimented in telling his life story and that of his people, as subaltern communities within this vast and diverse nation of ours clamour for recognition and a plea for their voices to be heard and their aspirations to be met, notes Lieutenant General Gautam Moorthy.
Indian Railways (IR) will transfer existing assets at nominal values, invite bids and grant concessions for 10-15 years.
In the Union Budget for Financial Year 2023-24 (FY24), Finance Minister Nirmala Sitharaman had held forth on the need for better governance and investor protection in the banking sector. She had proposed certain amendments to the Reserve Bank of India Act (RBI Act), 1934; the Banking Regulation Act (BR Act), 1949; and the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970.
Carter was in politics, but not a politician, certainly not a transactional politician, points out Shreekant Sambrani.
The CBI has booked an ITBP commandant and his two subordinates for alleged corruption in purchase of heating oil and other items for an outpost at Indo-China LAC in Uttarakhand, officials said Tuesday.
The CPI-M's allegations were termed a political conspiracy by the opposition Congress which accused the Left party of stooping low to target its political opponents.
More than 600 Meiteis have left Mizoram due to fear of tension after a video two tribal women being paraded naked by a mob in Manipur surfaced online recently, a senior police officer said on Thursday.
"The Congress is "going to (fight) the election with unity" and it will win the polls," Sharma said after the meeting at Pilot's Civil Lines residence that lasted for nearly half an hour.
'If we have to restrict and fight terrorism, first and foremost, we have to ensure communal harmony in the country.'
Why did the company zero in on RBL Bank to understand the business of banking? While the M&M investors heaved a sigh of relief, one gentleman must have been all smiles after this, RBL Bank MD and CEO R Subramaniakumar, notes Tamal Bandyopadhyay.
The central government on Monday appointed Army Vice Chief Lieutenant General Manoj Pande as the next chief of Indian Army.
Believe it or not, the regulator is even stretching its arm to identify stressed borrowers and gauge the 'distance to default' as a measure of a particular bank's fragility, reveals Tamal Bandyopadhyay.
The RBI was not party to the decision to demonetize 500 and 1,000-rupee notes, which was taken at the highest level of India's political leadership.
Russia's Defence Ministry on Saturday said that they are pulling back forces from two areas in Ukraine's Kharkiv region where a Ukrainian counteroffensive has made significant advances in the past week.
Lalu handled the obstacle of 'departmentalism' with ease.
A group of retired army officers have come together to provide a home for girls who never had a home before.
Wang Yang and Xi Jinping's visits signal the beginning of a major Chinese push to bring about a transformation of Tibet, observes Jayadeva Ranade, the distinguished China expert and retired RA&W officer.
Bankers said fear of loan losses impairing their careers could make officers wary of sanctioning new loan proposals on their own.
The Supreme Court-instituted three-member committee probing the Indian Premier League spot-fixing scandal will speak with banned pacer Shantakumaran Sreesanth, Rajasthan Royals co-owner Raj Kundra and others, including commentator Harsha Bhogle, when it meets for three days in Mumbai, from November 16.
The finance minister asked lenders to identify eligible borrowers and reach out to them and urged for quick implementation of a sustained resolution plan for the revival of every viable business.
'What this incident must do is provide a renewed impetus to urgently bring in police reforms; changes that will ensure that political patronage and extraneous pressure are reduced to a minimum and allow the police to function independently and honestly,' argues Vivek Gumaste.
Six others, including the then PWD minister Churchill Alemao, were also listed in the charge sheet in the scam in which the US firm has been charged with bribing Indian officials to win two water developmental projects in Goa and Guwahati.
While the government has not made the report public, sources said the panel had recommended a sharp cut in all taxes on the gold business, including import duty and goods and services tax which amounts to over 13%.
Yuri Alemao, Altone D'costa and advocate Carlos Alvares Ferreira, the three Congress MLAs who didn't join the eight of their former party men in jumping ship speak up about their decisions and their motivations to stay with the 137-year-old Congress.
Officials said both the factions of the Hurriyat are likely to be banned under Section 3(1) of the Unlawful Activities (Prevention) Act, or the UAPA, under which "if the Central Government is of opinion that any association is, or has become, an unlawful association, it may, by notification in the Official Gazette, declare such association to be unlawful."
She will replace controversial Brett Kavanaugh who endured a bitter confirmation battle last year after President Donald Trump named him to the US Supreme Court.
Third of faculty positions vacant. One per cent seats empty. New institutes lag in infrastructure, research.
She was capable of a level of human compassion that is rare today among politicians, recalls Ambassador M K Bhadrakumar, who knew the Communist legend K R Gowri, who passed into the ages on May 11, from his childhood.
Large urban co-operative banks may come to be solely under the provisions of the Banking Regulation Act, even as the smaller among them are to remain within the exclusive fold of the Registrar of Co-operative Societies. The upcoming changes will bring the curtains down on the vexed issue of dual control of UCBs, which has been in vogue for 54 years. The new framework will affect 1,551 UCBs in the country, which had a total business of Rs 7.36 trillion.
Mere shuffling of resources or cosmetic changes to prove a point would be counterproductive in the long run, observes Commodore Venugoptal Menon (retd).
Police are probing both the cases and efforts are on to trace the missing 9mm pistol, they said.
A four-member committee, constituted by the Rajasthan Police to look into the delay in taking 28-year-old Khan to the hospital, suspended the ASI and shifted three other constables to police lines, Special Director General of Police (law and order) NRK Reddy said at a press conference in Alwar.
