The Reserve Bank on Wednesday said the amalgamation of Lakshmi Vilas Bank with DBS Bank India will come into force from November 27 and the moratorium imposed on the crisis-ridden lender will be removed on that day. The RBI issued the statement within hours of the Cabinet clearing the Scheme of Amalgamation of Lakshmi Vilas Bank Limited (LVB) with DBS Bank India Limited (DBIL).
In a bid to outsmart rivals ahead of the assembly elections, Uttar Pradesh Chief Minister Mayawati on Tuesday announced bringing a resolution in the House for carving out four new states in the winter session beginning next week.
The government on Friday gave wide-ranging legislative powers to the Reserve Bank of India to issue directions to lenders to initiate insolvency proceedings for the recovery of bad loans.
Andhra Pradesh Chief Minister N Kiran Kumar Reddy on Friday requested the Centre to follow "established practices and conventions" and refer the bifurcation issue to the state assembly for "appropriate resolution".
The Left parties have slammed the government for the vote.
Home Minister P Chidambaram on Monday informed media personnel that the Centre was referring the issue of creation of a separate state of Telangana back to the Andhra Pradesh assembly to rebuild a consensus.The Andhra Pradesh assembly had passed a resolution in January last year, seeking deletion of Clause 14(F) from the Presidential Order for the purpose. The Cabinet Committee on Political Affairs has decided to refer back the resolution to the assembly, Chidambaram said.
Prime Minister Manmohan Singh resigned on Saturday, capping a 10-year tenure of two UPA governments that have been brought to an end by a shattering defeat in the Lok Sabha elections.
National security, consolidation of border defences and border security highlights China's Tibet policy, points out Jayadeva Ranade, the former senior RA&W officer and China expert.
Chautala said he is 'quite hopeful' that the farmers protesting over the new agri-marketing laws will understand that when the Centre is giving written assurances, it 'a victory for their struggle'.
The 64-year-old Planning Commission, a vestige of the socialist era, will soon become history.
"Anti-cow slaughter, we had earlier (previous tenure) tabled it, but it was not given assent. I have asked the Law Minister to table it once again.. it will be tabled by tomorrow or the day after and we will get it approved," Chief Minister B S Yediyurappa said.
She had petitioned the court seeking a direction to the Tamil Nadu government to press the Governor to take a decision on its September 2018 recommendation for premature release of all the seven convicts serving life term in the case.
Bihar Chief Minister Nitish Kumar on Wednesday insisted that nothing much should be read into his recent meeting with an MP of the Lok Janshakti Party, which is headed by his bete noire Chirag Paswan, since members of Parliament and the state legislature call on him regularly over matters relating to their constituencies.
India Ratings expects long products demand growth to be sharp, supported by a demand push from the government-led infrastructure investments in affordable housing, railways, rural electrification and road networks.
The Tamil Nadu assembly on Tuesday once again adopted the anti-NEET Bill, returned days ago to the government by Governor RN Ravi, with the ruling Dravida Munentra Kazhagam and principal opposition All India Anna DK reaffirming their opposition to the test.
Awaiting the outcome of a meeting convened by the Centre, Karnataka Cabinet on Wednesday decided to defer till Thursday a decision on release of 6,000 cusecs of Cauvery water per day to Tamil Nadu as per the Supreme Court direction.
The BJP, which has two MLAs in the MDA government, backed the Cabinet decision.
Qureshi urged for unity among political parties in Pakistan on Kashmir and warned that doing politics on the issue would harm the cause.
JuD official Ahmad Nadeem later said that the statement 'erroneously' mentioned China's name regarding terrorism in Pakistan.
Renewing his demand for abolishing death penalty, Dravida Munnetra Kazhagam chief M Karunanidhi on Saturday made a fresh pitch for a state cabinet meeting to adopt a resolution recommending commutation of the death sentence awarded to three convicts in the Rajiv Gandhi assassination case.
'Every few days, I wake up with a sense of restlessness that time is running out'... 'We have created a due process for stressed assets to resolve, but there is no concrete plan in place for public sector bank balance sheets,' says RBI Deputy Governor Viral Acharya.
The one-member commission of inquiry under former solicitor general Gopal Subramanium will probe the alleged irregularities in DDCA.
Oli said the territories belong to Nepal 'but India has made it a disputed area by keeping its Army there'. "Nepalis were blocked from going there after India stationed its Army," he said.
Former Gujarat chief minister Keshubhai Patel died in Ahmedabad on Thursday after prolonged illness, family sources said. Patel (92) had recovered from Covid-19 recently and was rushed to a hospital in Ahmedabad on Thursday morning following health complications, the sources said.
Andhra Pradesh Chief Minister N Kiran Kumar Reddy convened an emergency meeting at 11.30 am on Friday with ministers, members of Parliament, members of Legislative Council and members of Legislative Assembly from coastal Andhra and Rayalaseema to discuss the developments following the Union Cabinet's approval of bifurcation of the state.
It proposes to set up a regulator in every state.
The Jammu and Kashmir government has already identified 36,348 families for distribution of the package under which each family will get around Rs 5.5 lakh.
The NCLAT's order is offensive because it goes against every tenet of bankruptcy reorganisation. If Justice Sudhansu Mukhopadhyay's tenets are accepted by the Supreme Court, we will not only regress in modern bankruptcy reorganisation but also slide back in the Doing Business rankings, says Omkar Goswami.
The Delhi government may call a special session to pass the resolution on the issue.
The Group of Ministers, set up to look into the bifurcation of Andhra Pradesh, has completed the process of discussions with various stake holders and will submit its report to the Union cabinet as early as possible to pave way for tabling Telangana Bill in the winter session of Parliament.
'Guarding the borders in extreme weather conditions is not easy and most people don't realize it is a very tough job.'
The military preparations underway show that the PLA may undertake operations this summer to achieve whatever objectives they could not achieve last May, asserts Jayadeva Ranade, the distinguished China expert and retired RA&W officer.
Pakistan's foreign minister Shah Mahmood Qureshi tweeted, 'Prime Minister Imran Khan will break ground at Kartarpura facilities on 28 November.'
In the 2009 election, P Chindambaram the Sivaganga seat by a narrow margin. Then the Congress was in alliance with the ruling DMK. This time his son Karti is battling the seat with the alliance. India abstention at the UNHRC on an anti-Lanka resolution will further fuel Tamil anger against the Congress party. This leaves the finance minster sulking and his son facing an uphill political debut, says N Sathiya Moorthy.
Even if the formation of a new state is announced, it is unlikely that the bill on it will be tabled in the monsoon session of Parliament, reports Vicky Nanjappa
The first phase of the trade deal includes IP protection and enforcement, ending forced technology transfer, dramatic expansion of American agriculture, removing barriers to American financial services, ending currency manipulation, rebalancing the US-China trade relationship and effective dispute resolution.
The system envisaged under the FRDI Bill, if implemented properly, would help improve the efficiency of capital allocation without harming consumers, and without risking the stability of financial firms, says Ajay Shah.
'Biden's promise of returning to 'normalcy' after Trump appears to mean that the same old politicians, who are responsible for the 'endless wars' in Afghanistan, Iraq and Syria, are being brought out of the woodwork after four years,' notes Ambassador M K Bhadrakumar.
The government rejected the contention on Friday that it has developed any second thoughts on the issue of Telangana, saying that the process with regard to its creation is underway and won't be affected by assembly elections in five states.
Pranabda hasn't given us any indication of the tough period when he realised Sonia Gandhi had decided to give the presidency not to him, but to then vice-president Hamid Ansari. He wrested the presidency from her, and handed her the biggest defeat of her UPA years, observes Shekhar Gupta.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances