The central board of Reserve Bank of India (RBI) has opposed a government move to have control over the central bank's staff-related matters. The proposal to make staff regulations statutory and bring them under the subordinate regulation of Parliament was discussed at RBI's board meeting in Kolkata last week.
With concern on food inflation ebbing with the monsoon progressing well, the Reserve Bank of India (RBI) is warming up to the idea of a change in stance to "neutral" from "withdrawal of accommodation", according to economists. In his speech on Thursday during the annual event of the Federation of Indian Chambers of Commerce and Industry-Indian Banks' Association, RBI Governor Shaktikanta Das said: "The balance between inflation and growth is well-poised."
A day after the Aam Aadmi Party claimed that Delhi Chief Minister Arvind Kejriwal had lost 8.5 kg in prison, Tihar jail sources on Monday said he had only lost 2 kg and he was being regularly monitored by a medical board of AIIMS.
The Indian cricket team is unlikely to travel to Pakistan for the ICC Champions Trophy next year, BCCI sources told ANI.
The home ministry has already written to all state governments informing them about the exemptions given for holding the examinations across the country with certain conditions.
The Pakistan Cricket Board is not happy with former skipper Babar Azam and the current national T20 skipper Shaheen Shah Afridi participating on a space with fans conducted on social media platform 'X'.
The third crucial meeting of the EPF Board began in New Delhi to decide on the interest rate for its 3 crore subscribers for this year amidst some trade unions' demands for 12 per cent interest against 9.5 per cent offered during 2003-04.
The crucial meeting of Employees Provident Fund Organisation board began in New Delhi on Wednesday to decide whether to continue with the 9.5 per cent interest rate for its 3 crore (30 million) subscribers.
The principal commissioner has been made responsible for developing and approving any intelligence, conducting search, and completing investigations and relevant subsequent actions, including at the lower field formations, points out T N C Rajagopalan.
The central government is looking to strengthen the boards of public sector banks (PSBs) by specifying terms of office and conditions of service for whole-time directors, and also seeking disclosures from all directors about interests in other companies. Through the Banking Laws Amendment Bill, the government is likely to introduce conditions for disqualification of whole-time and independent directors which are not specified in the current legislation. The Centre is seeking to introduce fresh changes that are aimed at strengthening the boards of PSBs, and holding their directors accountable, an official said.
Since his comeback after an injury lay-off in August 2023, Jasprit Bumrah has been a key figure in India's success.
The central government's Great Nicobar development project, proposed around an unprecedented transhipment port, will be executed to keep environmental impact minimal, and is essential as it is of national importance, the government has said amid calls to abort the controversial project due to ecological concerns, the Centre said in an official statement.
Shubman Gill and Suryakumar Yadav may get promotion in the annual central contracts list for the 2022-23 season.
Agitating junior doctors in West Bengal resumed their indefinite 'total cease work' on Tuesday to press for various demands, including ensuring their safety and security at all medical establishments.
Naqvi previously mentioned that a "major surgery" was required in the team after Pakistan's defeat to India
The total number of demat accounts in the country stood at 171.1 million as of August 31.
Batting at No 4, Ishan Kishan smashed 111, hitting 14 fours and three sixes in his 126-ball knock to rally India C against India B.
The RBI said the board has been superseded "in view of the defaults by RCL in meeting the various payment obligations to its creditors and serious governance concerns which the Board has not been able to address effectively". It has also appointed Nageswar Rao Y (ex-executive director, Bank of Maharashtra) as the administrator of the NBFC.
The environment ministry is likely to soon issue regulations that will mandate automakers to recycle a specified percentage of steel from old vehicles, starting from the next financial year, according to people familiar with the matter. "We recently held a meeting with members of the Society of Indian Automobile Manufacturers (Siam). "The final regulations are likely to be issued in the next 10 days," a government source informed.
Under Urjit Patel, the then RBI Governor, the central bank had a habit of making complete about-turns on various issues, including electoral bonds and digital payments, former finance secretary Subash Chandra Garg said in his book titled 'We Also Make Policy: An Insider's Account of How the Finance Ministry Functions.' Citing some instances of about-turns by the then RBI Governor Patel, Garg in his book said, RBI had done so on the electoral bond issue and it had so in case of setting up of Payments Regulatory Board (PRB). RBI also made unilateral decisions like ordering complete data localization for participation in the payment system, Garg wrote in the book which will hit the stands on October 1.
Kejriwal, who is in jail till July 12 in the Central Bureau of Investigation case related to the excise policy, appeared before the court of special judge Kaveri Baweja through video conference.
The Reserve Bank on Wednesday imposed business restrictions on Edelweiss Group's lending and asset reconstruction arms on concerns over evergreening of loans. The central bank has asked ECL Finance Ltd (ECL) to cease and desist from undertaking any structured transactions in respect of its wholesale exposures, other than repayment and/or closure of accounts, an official statement said.
'Pakistan will also have to play its role in this so that the relations between the two countries improve.'
The board deliberated on the governance framework of the RBI and it was decided that the matter needs further examination
Modi can abandon the path of Hindutva only at risk to his position within his own fraternity. But if he pursues a hard line, he faces the risk of being hauled up by his coalition-partners. For the first time in a decade, Modi is not in enviable situation, observes Nilanjan Mukhopadhyay.
Beleaguered Paytm Payments Bank's managing director and CEO Surinder Chawla has resigned from the company, a regulatory filing said on Tuesday. Chawla's resignation comes amidst Paytm Payments Bank facing prohibitory action from banking regulator RBI. "Surinder Chawla, managing director and CEO of PPBL, has tendered his resignation on April 8, 2024, on account of personal reasons and to explore better career prospects.
A vacation bench comprising Justice Rajesh Singh Chauhan and Justice Shree Prakash Singh was hearing separate petitions of Kuldeep Tiwari and Naveen Dhawan seeking a ban on the movie.
Like previous years, girls outdid the boys, faring better with a pass percentage of 83.51 compared to 75.12 of the boys.
Granting the interim relief to Shankar currently lodged in the Coimbatore Central Prison, a bench of Justices Sudhanshu Dhulia and Ahsanuddin Amanullah said it would not decide the case on merits as the Madras high court is seized of the matter.
The 15-member squad of the Indian team which won the T20 World Cup will take home Rs 5 crore each.
However, during the Chennai Test, Shakib's performance with the bat was underwhelming, and he conceded over six runs an over in the 21 overs he bowled and questions arose about a possible finger issue.
The AIMPLB appealed to the Centre to not undertake the Uniform Civil Code.
'The censor board should not delay the certification of Padmavati any further.' 'They must see the film immediately.'
Vijay Shekhar Sharma has stepped down as part-time non-executive Chairman of Paytm Payments Bank Limited (PPBL), and the board of the bank has been reconstituted. The Reserve Bank has barred the PPBL from accepting deposits and credits from any customer post-March 15 for persistent non-compliances and continued material supervisory concerns in the bank. PPBL has reconstituted its Board of Directors with the appointment of Ex-Central Bank of India chairman Srinivasan Sridhar, retired IAS officer Debendranath Sarangi, former executive director of Bank of Baroda Ashok Kumar Garg, and former IAS officer Rajni Sekhri Sibal, Paytm said in a regulatory filing on Monday.
The court directed the Kolkata Police to hand over the case diary to the central probe agency by Tuesday evening, and all other documents by 10 am on Wednesday.
'It would be reasonable to assume that Modi 3.0 would be more focused on projects and schemes which do not require any legislative change or which have the support of its coalition partners,' asserts A K Bhattacharya.
In FY24, loans given out by such firms had topped a whopping Rs 146,517 crore, up by 49 per cent year-on-year and spread over 10.19 million accounts (up 35 per cent).
After a long and harsh spell of heatwave, Delhi witnessed a pleasant morning on Thursday, with the weather department saying parts of the national capital received light rains.
'I gave enough evidence and proof to punish corrupt officials.' 'But my own government has not filed any FIR against such officials.'
In a public notice issued on Saturday, the agency announced that the CUET will provide a single window opportunity to students to seek admission in any of the Central universities across the country.
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