Three militants of an Al Qaeda-linked banned Islamic extremist outfit have been arrested in Bangladesh, including the mastermind of the murders of two prominent secular bloggers in the country this year.
KC Chakrabarty, deputy governor of RBI, speaks to Business Standard on inflation and a host of other issues.
After having raised its key policy rates 10 times in a year-and-a-half to check inflation which remains stubborn, the Reserve Bank of India said on Friday it has no magic wand to bring down the rate of price rise.
The actor talks about his new film, his stint in politics and more.
At a time when the Micro Finance Institutions (MFIs) have drawn flak due to steep interest rates charged by them, the Reserve Bank of India (RBI) Deputy Governor K C Chakrabarty has categorically stated that such institutions cannot play any role in financial inclusion.
Reserve Bank of India Deputy Governor K C Chakrabarty has called for changes in the rating and reporting standards of banks, saying a bank should not be rated just on the basis of its net interest margin and net profit, but from a non-financial angle too.
The vandalism at the prestigious university, founded by Nobel laureate Rabindranath Tagore, has snowballed into a major political row, after some ruling TMC supporters and varsity authorities filed police complaints against each other.
Excerpted from the inaugural address by Dr K C Chakrabarty, Deputy Governor, Reserve Bank of India, at the IBA-DSCI Conference on 'Security Framework in Indian Banks', in Mumbai on April 26.
Inflation may come down to RBIs projections, if it does not we will have to take steps, RBI deputy governor K C Chakrabarty said on the sidelines of an event organised by Confederation of Indian Industry and Suresh Neotia Centre of Excellence.
Rituparna Sengupta talks about her latest role in Bum Bum Bole and her grouse with the way her films are being handled.
18-year-old Ronit Sarkar, son of Pradeep Sarkar, has sung the title song of Lafangey Parindey.
Captain Manoj Tiwary led from the front with an unbeaten century to guide Bengal to 295 for five in reply to Saurashtra's first innings score of 423 in their Ranji Trophy Super League Group A match in Rajkot on Friday.
Srabanti Chakrabarti pays homage to Manohari Singh, one of Indian film music's true unsung heroes.
Defending the rate hike announced on Friday, he said short-term growth could be scarified for long-term growth. "Absolutely, we will raise rates even before the policy dates if inflation goes up. The RBI governor is continuously watching the situation. Unproductive demand has to be curtailed. It is up to banks to increase the rates, but RBI is giving the signal that there is a need for rates to go up if you have to anchor inflationary expectations," Chakrabarty said after an
History of sorts was created in Kolkata when about 60,000 people took to the streets of the West Bengal capital on Saturday demanding resignation of Jadavpur University vice-chancellor even as West Bengal Governor K N Tripathi intervened to end the four-day old stalemate in the prestigious educational institution.
The RBI, which started exiting its easy money policy stance since October last, is widely expected to hike key short-term lending (repo) and borrowing rates (reverse repo) by 0.25 per cent at its quarterly policy review on July 27.
With inflation surging into double digits, the Reserve Bank of India on Tuesday said it may take monetary action to tame the rising prices ahead of the scheduled review of the policy on July 27.
Even as India's annual inflation rate touched 10.16 per cent in May, Finance Minister Pranab Mukherjee on Monday ruled out the possibility of interest rates rising in the short term. He said he expected inflation to be on the higher side till the middle of July.
Playing their first season in the ONGC I-League, local outfit Chirag United Sporting Club held favourites Churchill Brothers to a goalless draw at Vidyasagar Stadium in Barasat on Sunday night.
The RBI's projection for WPI inflation for this fiscal is 5.5 per cent.
With a substantially weakened Left Front and the Congress, political observers say the anti-Trinamool vote will go to the BJP.
'I would evaluate her on her past policies towards American Hindus and her future approach towards the community'
A day after the storm, it was apparently business as usual for Reserve Bank of India Deputy Governor K C Chakrabarty.
The wholesale price index-based inflation, which neared double-digit level in February, has probably peaked and was likely to decline as the country expected a good winter crop and drop in oil prices, RBI Deputy Governor K C Chakrabarty told reporters on the sidelines of a function in Bangalore on Monday.
The entry of FIIs into currency futures would lead to very high volatility as has been witnessed in the equity market. Therefore, domestic corporates may stay away from participation.
The Railway Board is likely to utilise the undisputed 600 acres for setting-up a coach factory at Singur, the erstwhile site for the Nano project.
Replying to supplementaries during Question Hour in Rajya Sabha, minister for micro, small and medium industries Mahavir Prasad said the RBI had in September 8, 2005 issued guidelines relating to debt restructuring mechanism for SMEs, based on the 'policy package for stepping up credit to SMEs' announced by the Centre the same year.
In his first interaction with the media after taking charge, former PNB chairman and managing director K C Chakrabarty said, "When the government is giving a certain interest rate on small savings, it is not logically correct for banks to provide a lower rate of interest. When we are saying that interest rates are coming down, that means the small savings rate should also come down."
A large number of public sector bank employees, as a matter of routine, do not "take" promotions so that they are not transferred out of their hometowns. The eastern region is famous for this, but it is a common practice everywhere, says Shyamal Majumdar.
Reader Salima salutes Lata Mangeshkar with this video. Check it out.
A section of the media on Thursday reported, quoting an unnamed EC official, that it may not allow RBI to go ahead with the plan before the polls and that they need more clarity from the Mint Road on certain aspects.
The government in its budget for the current fiscal decided to borrow Rs 4.5 lakh crore (Rs 4.5 trillion) from the market, up from Rs 3.1 lakh crore (Rs 3.1 trillion) in the previous fiscal.
TCS would hire 25,000 more people this year to support its ongoing and upcoming projects.
With food price inflation in double digits, the Reserve Bank is faced with the daunting task of keeping inflation in check, the bank K C Chakrabarty, deputy governor said.
"The expectation is that the erratic monsoon may put pressure on inflation," RBI Deputy Governor K C Chakrabarty told reporters on the sidelines of a meeting of regional rural bank chiefs with Finance Minister Pranab Mukherjee.
Police have registered a case of forgery and corruption against Anand Rao, builder and son-in-law of late Bharatiya Janata Party leader Pramod Mahajan, and two former Chief Executive Officers of Maharashtra's Slum Rehabilitation Authority.
Reader Charuhas salutes Lata Mangeshkar with this video. Check it out.
With inflation turning positive after 13 weeks, the Reserve Bank on Thursday said the wholesale price index may rise to six per cent by this fiscal end a development that may pose challenges to the central bank in maintaining a stable monetary policy.
An Indian-origin civil rights campaigner has threatened to sue a cabinet minister for allegedly insinuating that her relationship with former shadow Home Secretary David Davis was inappropriate.Shami Chakrabarti, 39, the prominent director of civil rights group Liberty, has demanded a public apology from Andy Burnham, the Culture Secretary, who she accuses of tawdry character assassination and innuendo.
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