These cash shortages increase banks' funding costs, making it harder for them to lower lending rates
Reserve Bank of India Governor Shaktikanta Das tells Anup Roy, Raghu Mohan and Niraj Bhatt that it is time for banks to lower interest rates and start lending to cash-starved finance companies after due credit appraisal and proper risk assessment.
Although the markets could see a knee-jerk reaction, they rule out a sharp fall.
'What made him different was that he was not a banker at all by temperament.' 'He was a businessman, a typical lalaji at that.' 'He had to win at any cost.'
Commonly known as 'Face with Tears of Joy', the pictograph is chosen as the word for 2015.
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RBI's forex swap window for oil marketing companies addresses an urgent issue but what happens when the dollars have to be returned?
Trump aides, who participated in the two-day talks held at the US President's Mar-a-Lago resort in Florida, described the meetings as productive and said the two leaders exhibited "positive" chemistry.
'This is a historic juncture when the US is in great need of an alliance with India to strengthen its hands in the fierce struggle with China in the Asian theatre,' points out Ambassador M K Bhadrakumar.
'Relations between India and Japan are robust and devoid of either shadow of history or any irritant.' 'In fact, there is plenty of warmth and goodwill earned over history. There are no negatives but only opportunities,' notes Dr Rajaram Panda.
'When I came here in 2002, I said you can grow at 8%.' 'And I was told that was crazy, and (now) here we are.'
'If Urjit Patel had resigned after the five-state elections results people would have taken a different view. So this was the right time for him to resign.' 'He rightly resigned as he felt the differences with the government were not getting settled.'
We present an excerpt from Kishore Kumar: Method In Madness by Derek Bose.
On Wednesday, the Chinese authorities extended a ban on sales of shares by large shareholders.
Under the policy, the US recognises and has formal ties with China rather than the island of Taiwan, which China sees as a breakaway province to be reunified with the mainland one day.
Globally, jewellery buying fell 14%, investment slid 11%.
'Though not religious in everyday life, his Hindu-Indian identity was an irrevocable influence on his writings,' observes Vivek Gumaste.
'...I have not read newspapers for quite some time,' a psychologist tells Syed Firdaus Ashraf, 'and I am perfectly normal.'
'Life will not improve overnight; it will happen in a gradual manner.'
Fifty years ago, India and Pakistan fought a short but bloody war. The author finds out how Sainik Samachar, the defence ministry's journal, reported it.
Opposition parties forced early adjournments in both Houses of parliament as they continued to press for a debate on demonetisation under any rule that entailed voting, a demand that the government has refused to accept. Congress vice president Rahul Gandhi led a walkout by the Opposition over no obituary references being made for the seven Army personnel who lost their lives in the terror attack on an Army base in Nagrota, Jammu and Kashmir.
Prime Minister Narendra Modi has five key aspects to his style of leading -- total command over bureaucracy, direct approval on every decision, flexible approach to issues, importance of communication and adept at repackaging schemes, says A K Bhattacharya.
StanChart India CEO Zarin Daruwala is building a culture of 'celebrating liabilities,' the tough negotiator tells Niraj Bhatt and Anup Roy over lunch.
Tarun Vijay, MP, salutes the General whom he adored as a great friend.
India and Bangladesh have opened a new chapter in their ties as they settled the 41-year-old boundary dispute and promised to do more in other areas amid Prime Minister Narendra Modi's announcement of a fresh line of credit of $2 billion (Rs 12,821 crore) to the neighbouring country.
Since 2004 the Congress has hung onto power in a situation in which it was on track to be out of power. In each case, it effectively gamed the system through Constitutional coups, argues columnist Rajeev Srinivasan.
'Xi Jinping got a dose of Modi's medicine inside the tent where he was being hosted on the banks of the Sabarmati river.' 'Modi reportedly told him, looking deep into his eyes: "This was not expected of your country. Can you tell me when the troops are withdrawing?".'
Prime Minister Narendra Modi on range of issues -- from Rafale deal to Ram temple and triple talaq.
This is the joint statement issued by the ministry of external affairs on the visit of US President Barack Obama to India.
