'If you want it to grow well and serve the true needs of the economy, it needs a lot of freedom and flexibility, which comes in terms of the reform objective set by the regulator.'
This period of strong growth not only offers opportunities but also calls for strategic considerations to ensure sustainable development and equitable prosperity in the years to come, suggests Sujan Hajra.
Following the Reserve Bank of India's (RBI's) action against Paytm Payments Bank, participants in the fintech ecosystem have turned their attention to giving priority to compliance with regulatory norms. Fintech industry players say the episode will ensure adherence to such measures. Executives Business Standard spoke to said companies should have clarity on their requirements.
The decision about the high-powered committee was taken as the government apparently thought of taking one step at a time instead of hurrying things up in the face of growing resistance from farmers who gave their lands for the development of Amaravati as the new capital, under the previous government headed by N Chandrababu Naidu, reports Dasarath Reddy.
India should become a middle-income country and then push to make INR (rupee) a hard currency, and till then, it must promote the settlement of global trade in the local currency, think tank GTRI said on Sunday. Global Trade Research Initiative (GTRI) said that transforming a currency into a hard currency is a complex process that hinges on several pivotal factors. Firstly, economic stability is paramount; a country must exhibit low and stable inflation, consistent growth, and a balanced trade environment.
Indian Grandmaster Vidit Gujrathi crashed through the defences of world number three Hikaru Nakamura of United States, while R Praggnanandhaa went down to compatriot D Gukesh in the second round of Candidates chess tournament in Toronto.
If Pitroda's blunder cost him his office, what should the BJP's unrepentant attitude cost it?, asks Shyam G Menon.
Alternative Investment Funds (AIFs) with a lock-in period performed better than the ones that allow investors to withdraw capital at any time. Close-ended schemes had a median return of 5.62 per cent in December, according to data from industry tracker PMSBazaar. The median returns for open-ended schemes were 3.91 per cent
rediffGURU Ramalingam Kalirajan answers your personal finance queries.
17 MLAs of the TDP were suspended from the assembly for disrupting CM Jagan Mohan Reddy's address on the Andhra Pradesh Decentralisation and Inclusive Development of All Regions Bill, 2020.
They had earlier been arrested by the Manipur police in September last year when they were allegedly extorting money by wearing police uniforms and carrying sophisticated weapons, the officials said.
Barring 2004 and 2009 when Navjot Singh Sidhu won the Amritsar seat as a BJP MP and 1998 when Daya Singh Sodhi from BJP was elected as the MP, it has essentially a Congress bastion.
Defending its three-capital decision, the government said since inception in 1956 the state had failed to integrate people from all regions, reports B Dasarath Reddy.
A curfew was imposed in Haldwani on Thursday after local residents set vehicles and a police station on fire and hurled stones, injuring more than 60 people, over the demolition of an 'illegally built' madrasa and an adjoining mosque, officials said.
A massive fire that ripped through a seven-storey shopping mall in Dhaka overnight killed at least 46 people and injured 22 others, the government said on Friday, in one of the worst infernos to hit Bangladesh in recent years.
It also saw the suspension of 100 members in a span of four days for unruly conduct and a major security breach on the anniversary of the 2001 Parliament terror attack.
rediffGURUS Hardik Parikh, Tejas Chokshi, Mihir Tanna and Sanjeev Govila answer your tax related queries.
A bench of Justices Sanjay Kishan Kaul and Sudhanshu Dhulia also suggested why should there be any purchase under the minimum support price system from farmers who indulge in crop residue burning, irrespective of the fact that citizens and children were affected due to pollution.
Four earthquakes, the strongest being of magnitude 6.2, jolted Nepal in quick succession with tremors reverberating through parts of north India including Delhi-NCR, the National Centre for Seismology (NCS) said on Tuesday.
The Lok Sabha contest in Thiruvananthapuram is shaping up to be a significant battle involving key candidates like Shashi Tharoor, Rajeev Chandrasekhar, and Panniyan Ravindran. This three-cornered fight highlights the political dynamics in Kerala's capital city, with each candidate bringing their own vision and promises for the region's development, notes Rajeev Srinivasan.
'We will likely never know why Xi decided not to travel to New Delhi. One possible explanation could be his desire to avoid a meeting with US President Joe Biden.'
Brahma, Vishnu, Shiva, Ram, Laxmi, stories from the Hindu epics are seen in carvings, paintings and murals, as well as recognisable figures from mythology, like Garuda, Sheshnag, Nandi and Apsaras, notes Deepa Gahlot, savouring the beauty of Cambodia.
At this poignant historic moment one can only wish that institutions are not built by bricks and mortars, but also by the rich Parliamentary traditions which have stood the test of time which needs to be strengthened by all stakeholders, notes Rup Narayan Das, a former joint secretary of the Lok Sabha Secretariat.
With land acquisition completed and infrastructure work streamlined, India's bullet train dreams are slowly, but finally, inching closer to reality.
Former prime minister Imran Khan got a major relief on Tuesday when an anti-terrorism court in Pakistan granted him bail till June 8 in eight cases related to violence that erupted at the Judicial Complex in Islamabad in March.
'As our per capita income increases and various demographic segments emerge, the need for various kinds of protection and risk covers will become even more explicit.'
Several states declared a holiday for schools, while government offices, other establishments and public sector banks remained closed for half a day.
The report quoted the civil defence as saying that there were no survivors in the incident.
'They have since only tried to improve systems. Also, with regulatory guidance from time to time, we are in a position to assess a situation and react in time.'
'A microcosm of India, inclusive and welcoming'. For years, Pragati Maidan was the centre of Delhi's social life.
PEs and VCs are taking a closer look at their bouquet of investments. Leading voices in the sector are categorical that cash-burn rates -- that's blowing up equity to acquire market share -- as a business model can't continue to be the polestar.
Wayanad will continue to support Rahul but not to the same extent as in 2019, when his margin of victory had been enormous. Articulate, to the point and speaking in fluent Malayalam, CPI's Annie Raja, had the people who gathered to see her, listening in rapt attention, notes Shyam G Menon.
The summons were sent to Singham recently on his personal email ID and also through the Chinese diplomatic channels after the ED routed them through the ministry of external affairs, the officials said.
Jio Financial Services, the demerged financial services unit of Reliance Industries, will be listed on bourses on August 21, according to an exchange notification. Jio Financial Services Ltd (JFSL) demerged from Reliance last month and is currently listed under a dummy ticker after its price discovery at Rs 261.85 but there is no trading happening in the scrip. The listing on BSE and NSE has been scheduled a day before FTSE Russell plans to drop JFSL from its indices.
Rajasthan is reeling under a huge financial burden with the state's debt having gone beyond Rs 5.59 lakh crores. Rajasthan has increased expenditure on education by 203.4 percent, by 105.4 percent on health, by 227.14 percent on housing. Its expenditure on social welfare schemes has increased by almost 2,475 per cent.
The Bandra Kurla Complex area of Mumbai recorded an AQI of 300 and in the Chembur area, AQI of 319 was recorded as 'very poor'.
Portfolio management services (PMS), catering to higher networth individuals (HNIs), are facing tough competition from emerging alternative investment funds (AIFs), evident from their dwindling client base. In May, the number of clients for the industry stood at 125,390, down 20,528 in two months, shows data from the Securities and Exchange Board of India (Sebi). "PMS managers also have a high active ratio, which means their portfolios are quite differently positioned and more actively managed, compared to the benchmark, which is also a highlight for long-term investors.
A Pakistani court on Tuesday issued a non-bailable arrest warrant against former prime minister Imran Khan in the Toshakhana case but he was granted bail in three other cases, amid high drama outside the court premises where thousands of his supporters converged to support their leader.
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