The governance reforms, as an official put it, would bring in measures to track the performance of the executive-rank employees of the banks, intensively.
Here's the full text of President Ram Nath Kovind's customary address to the joining sitting of Parliament on the first day of the budget session.
After a 25-year stint at ICICI Bank, Mor suddenly quit as he wanted to add more value in the bigger areas of health care and financial inclusion.
An increase in sales across all categories in the automobile industry, has made need for higher working capital inevitable.
The environment ministry till May 2014 (still under UPA) ordered that cases like Vedanta's expansion plans need to consult people. But in December 2014, the NDA government reversed this position and in March 2015 the environment ministry extended Vedanta's environmental clearance till December 2018. This it did even while the question of the need for public hearing by projects in different kinds of industrial parks was being contested in the courts. This allowed the company to carry out construction.
'The 5.7% growth in the April-June period is an aberration because of GST.' 'Business activity in the last 15 days of the quarter was minimal or zero.'
'EPFO's investments this financial year should be Rs 1 lakh crore'
Banks might not have realised the exact implication of risky projects under PPP projects, which were getting implemented under high leverage
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The ball is now in the Reserve Bank of India's court to lift up demand, says Ajay S Shriram.
Finance Minister Arun Jaitley has said that the states were free to announce farm loan waivers if they had the fiscal space and that there would be no shortfall this year in divestment and non-tax revenues.
The challenges before the IT industry are many and its response over the coming months will shape the future of what has been one of the most vibrant value-creating and livelihood-enabling sectors.
India Inc has too much on its plate to ensure double digit growth in FY16.
No one really knows what proportion of the nation's wealth and income are available for defence
By removing Avinash Chander last week, the government has chosen to sacrifice the organisation's most potent symbol of success
Even as three Rafale fighters line up in Bengaluru for eye-popping aerobatics displays at the Aero India 2015 exhibition this week, senior ministry of defence sources say the proposal to buy the French fighter is "effectively dead".
Railways must pull back its share of freight traffic.
In addition, he will have to move swiftly to control any damage that may have been caused to the bank's image and investor confidence due to the loan controversy
The options include involving jewellers as collection centres, addressing of issues that banks have been facing and using domestically available gold for giving metal loans to jewellers for domestic sales.
The Budget has unveiled measures that should now pave the way for India to progress from Make in India to 'Innovate in India'.
The IMG meeting will be convened shortly.
The banking sector is set to move at a fast pace from hereon.
States' demand for 5 years and Constitutional provision ruled out
The NCSS is ready with the 'schematics' that would help government block all porn websites
Two key depts in ministry cold to rationale for one; postal dept says it's more eligible than IDFC or Bandhan, feels 'strong lobby' scuttling its plans.
Their offer values Fortis at over Rs 9,000 crore, or around Rs 172 per share.
'The rate of interest from the EPF is still attractive compared to the rates on fixed deposits, National Savings Scheme, Public Provident Fund...'
The company denies any wrongdoing, but says that the negative media coverage has left it with no clients and mounting legal fees which has forced it to resort to closure.
Global retail behemoths seem to have read the signals right.
Dr Raghuram Rajan's departure holds lessons for all, be it sections of the media, politicians or the people themselves. We need to learn how to value and retain talent. At the same time the talented must realise that talent alone does not ensure the top job, says Sanjeev Nayyar.
Analysts say it is a case of over-promise and under-delivery.
Modi's visit to some developed countries such as the US, Japan, China and Australia were sprinkled with humongous investment figures. But do we have the wherewithal to absorb such big investments?
A change in recommendation in favour of Birla did certainly happen but the question is whether it was a bona fide decision. Jyoti Mukul reports
Almost half the overall projects costing at least Rs 150 crore (Rs 1.5 billion) are facing a time lag as on March 31. Of 558 projects, 272 were running late when FY13 came to an end, official data showed.
ONGC's chairman and managing director Sudhir Vasudeva tells Business Standard that any price for natural gas that is more than $4.2 a unit is good for the company.
'You cannot treat workers like beggars.'
The Indian government has simplified FDI policy inorder to attract global retail chains.
'Today, according to the law, you can't even claim legal expenses when fighting a case as a non-executive director unless you are acquitted. Given how high legal expenses are, that alone is enough to scare anyone away.'
Brand ambassadors and their lackeys are busy opposing the idea of being held accountable, even though they are ready to take all the money, says Sunita Narain.
'What does the nation get out of the CBI's fabulous infrastructure? Very little that is useful.'
A bipartisan Congressional resolution has been introduced in the House of Representatives calling on the US government to continue the policy of denying a visa to BJP's prime ministerial candidate Narendra Modi on the grounds of religious freedom violations.
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