Mint Road's proposals on banks' M&A funding are cautious even as entrants root for more elbow room, and weigh business models.
A day after his appointment as the 26th governor of the Reserve Bank of India (RBI), outgoing Revenue Secretary Sanjay Malhotra on Tuesday said one must understand the economic landscape and do what was best for the economy. "Let me first go, join, understand the turf ... Here it is a different role," Malhotra said, speaking to reporters in front of North Block.
Sanjay Malhotra takes charge as the 26th RBI governor at a time when headline retail inflation has shot up to 6.2%.
When Finance Minister Pranab Mukherjee entered the Committee Room in North Block for the empowered group of ministers' meeting on fuel price hike on Monday, he found Communications Minister A Raja already sitting there.
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.
The top court on Monday directed the protesting resident doctors to resume work by 5 pm on Tuesday, observing that if "there is continued abstention from work, there may be a likelihood of adverse action".
Four Telugu desam Party members of Parliament on Saturday gheraoed Home Minister Sushilkumar Shinde outside his North Block office and demanded inclusion in the GoM on Telangana of representatives from the joint action committee protesting against the proposed bifurcation of Andhra Pradesh.
The old Parliament building, an architectural splendour and a historic landmark that guided the destiny of India for nearly a century and whose illustrious legacy will now be consigned to the pages of history, was inaugurated on January 18, 1927 by the then Viceroy Lord Irwin.
Officials also said that sufficient steps have been taken to control air and noise pollution during the construction work for the new parliament building, which will have separate offices for all MPs and those will be equipped with the latest digital interfaces as a step towards creating 'paperless offices'.
Pranab Mukherjee's stewardship of the economy will stand out as much for the manner in which he managed controversies as for creating quite a few of them, says A K Bhattacharya.
The fiscal deficit in current fiscal has been estimated at 3.9%.
The speed at which he led the central bank in different areas -- ranging from internal reorganisation to inflation fighting, stabilising the currency, taking on rogue corporations, cleaning up bank balance sheets, and opening the sector -- makes one believe that Rajan knew he had only three years to do his job. A fascinating excerpt from Tamal Bandyopadhyay's MUST-READ Roller Coaster: An Affair with Banking.
'We are moving away from the Modi promise of less government,' says T N Ninan.
Central banking is a science, not an art, Tamal Bandyopadhyay tells RBI Governor Shaktikanta Das.
The Financial Stability and Development Council meeting on Tuesday started with an air of tension in the room. An official present described the participants' body language as "tetchy". However, once presentations and discussions begun, the mood considerably eased.
Gale-force winds, heavy rainfall and high tidal waves swept the coastal belt of Kerala, Karnataka and Goa as Cyclone Tauktae hurtled northwards towards Gujarat on Sunday, leaving four people dead in Karnataka and two in Goa, damaging hundreds of houses, uprooting electricity poles and trees and forcing evacuation.
The Covid pandemic has left a question mark on how the central government manages its staff.
The blaze started on the second floor of the Arpit Palace Hotel in the heart of the national capital around 3.30 am, trapping many guests who were in deep sleep.
The creation of a CDS has got the head right. Issues that were not talked about for years are now being discussed, points out Ajai Shukla.
Despite various political leaders, including Haryana Chief Minister Manohar Lal Khattar appealing protesting Jats to maintain calm and peace, the incidents of violence and arson continued during the night in various parts of the state, crippling the normal life in worst affected places like Rohtak, Jind, Bhiwani, Jhajjar, Sonipat, Hisar.
That's all it takes to protect an institution -- just one person with no past and no greed for the future, says Shekhar Gupta.
Almost all the deceased were migrant labourers hailing from Bihar and Uttar Pradesh.
It's been 100 years since Lenin and the Bolsheviks overthrew the government, and its legacy remains visible even today in the buildings and monuments scattered throughout St Petersburg.
'Evacuation' has been key to disaster management in Odisha. The aim is to achieve zero casualty.
When an accused gets attacked on the way to court, and again within the court premises, with no intervention by a judicial officer, which space is safe, asks Jyoti Punwani.
'Overlying his idealism was a hatred of war and of all things military. He gave no deep thought to politico-military matters and this prevented him from making sound security decisions.'
Glimpses of the final days of the 1965 War, as seen from the diary then defence minister Y B Chavan maintained during the war.
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