The RBI is fully aware that the high-cost loans and high indebtedness of the borrowers could pose financial stability risks, if not addressed by these NBFCs. Governor Shaktikanta Das has issued a stern warning, saying the RBI is closely monitoring these areas and will not hesitate to take appropriate action, if necessary, if the culprits don't opt for self-correction. Watch out for some action, soon, notes Tamal Bandyopadhyay.
The rupee tumbled 3 per cent against the US dollar in 2024 as concerns over slower economic growth and a stronger greenback in global markets weighed, but it was among the least volatile currencies in the world and the headwinds may be less intense in the coming year.
The BCCI secretary Jay Shah has assured the Bangladesh Cricket Board (BCB) of adequate security measures being taken during their three week stay in the country.
Prime Minister Narendra Modi on Saturday launched a scathing attack on the Congress party, accusing it of repeatedly "wounding" the Indian Constitution. He claimed that the Congress, driven by its "lust for power," has consistently undermined the principles of the Constitution. Modi, however, praised India's democratic journey since its independence, highlighting the country's strong democratic roots and its unwavering commitment to its founding principles. He underscored the importance of unity for India's future development and emphasized that the Constitution is the bedrock of that unity.
A chorus of 'Amra Korbo Joy' echoed through the Bangladesh dressing room as the players celebrated their triumph.
Manav Thakkar pulled off a nail-biting victory against the experienced Achanta Sharath Kamal as U Mumba TT defeated Chennai Lions 8-7 in an exciting clash of the Ultimate Table Tennis 2024.
RBI Governor Shaktikanta Das on Thursday said financial inclusion will continue to be a "policy priority" for the central bank to make the post-pandemic recovery more equitable and sustainable. The Reserve Bank of India will very soon be coming out with the first financial inclusion index, which will assess progress in terms of access, usage and quality, Das said, while speaking at the Economic Times Financial Inclusion Summit. It is the responsibility of all stakeholders to ensure that the financial ecosystem (including the digital medium) is inclusive and capable of effectively addressing risks like mis-selling, cybersecurity, data privacy and promoting trust in the financial system through appropriate financial education and awareness, he added.
He said the transformation brought about by the fintech sector in India is not just limited to technology, but its social impact is far-reaching. He also stressed that fintech has dented the parallel economy and is bridging the gap between villages and cities on the financial services front. The prime minister also said that in the last 10 years, the fintech space has attracted investments of more than $31 billion and fintech startups have grown by 500 per cent.
Glimpses of the At Home reception hosted by President Droupadi Murmu on Independence Day at Rashtrapati Bhavan.
Allocation to bank deposits -- fixed deposits, savings account deposits, and current account deposits -- came down.
IMAGES from Day 5 of the 2nd Test played between India and Bangladesh in Kanpur, on Tuesday.
His alma mater in the US will honour him with a doctorate.
He could have blazed a trail that few Indian judges had. It was a missed opportunity of a lifetime, notes Ramesh Menon.
On a hot day in Pindi, cramps had kicked in, resulting in Litton requiring on-field medical treatment. After receiving some medical attention, Litton was seen limping and continued to stay on the field.
Reserve Bank Governor Shaktikanta Das on Thursday said about 50 per cent of Rs 2,000 notes in circulation has come back in the banking system since the RBI announced withdrawal of the highest denomination currency last month. As on March 31, 2023, he said, Rs 2,000 notes worth Rs 3.62 lakh crore were in circulation. "So far, Rs 1.80 lakh crore have come back after the announcement," he said during an interaction with media after releasing the bi-monthly monetary policy here.
India's foreign exchange reserves have jumped to an all-time high of $651.5 billion as of May 31, Reserve Bank Governor Shaktikanta Das said on Friday. This means the overall kitty has increased by $4.83 billion since the last reported number of $646.673 billion on May 24 this year.
'The government is saying 88 Hindus have been killed, but it could be much more.' 'Their properties are being looted, their businesses have been ransacked. I am getting distress calls from there.' 'Muslims who believe in the philosophy of Sheikh Mujibur Rahman are also under attack. Most of those who have fled Bangladesh after Sheikh Hasina's fall are Muslims.'
Opener Shadman Islam missed out on a century in his comeback test match as Bangladesh blunted pace-heavy Pakistan's attack and reached 316-5 at stumps on the third day of the first test on Friday.
Reserve Bank Governor Shaktikanta Das on Wednesday ruled out upside risks to the 5.3 per cent inflation forecast for the current fiscal, saying the recent cut in excise duty on diesel and petrol as well as better management of supply-side issues on the food front have contained inflationary expectations. These measures are significantly positive for inflation management, he said. After months of calls for reducing taxes on fuels, the government, last week, cut the excise duty on diesel and petrol by Rs 10 and Rs 5 per litre, respectively.
Mango puree, chia seeds and sago make this an irresistible treat.
Aamir Khan and nephew Imran Khan will play cameo roles in Happy Patel.
'India has a skill shortage of 56%.' 'This is a very interesting paradox -- the unemployment rate is 6% to 7%, and at the same time 20% of those qualified are unemployed.'
All We Imagine as Light has been on several critics' best of the year lists, including Sight and Sound (Payal Kapadia appeared on the magazine's cover, perhaps a first for an Indian filmmaker), to The New York Times, Time and it is the number one film recommended by Barack Obama. The future certainly belongs to Payal Kapadia, asserts Aseem Chhabra.
Millets, dal and a bunch of spices can be steamed together for an awesome version of this rice cake.
Playing as the opener, Sanju Samson has made just 39 runs in the first two T20 Internationals against Bangladesh.
The dismissal marked a significant low point in Azam's otherwise illustrious career.
The Reserve Bank of India on Thursday decided to keep the policy rate unchanged for the ninth time in a row, saying food inflation remains stubborn. The rate increase cycle was paused in April last year after six consecutive rate hikes, aggregating to 250 basis points since May 2022.
The government has invited applications for the post of deputy governor of the Reserve Bank of India (RBI) from interested candidates with at least 25 years of experience and below 60 years of age as on January 15, 2025. One of the deputy governors, Michael Patra's current term will end on 15 January. The last date of submission of applications is November 30, 2024.
Litton Das believes that facing the red 'SG Test' in India would present an entirely different and more difficult test for the team.
Amid the political blame game over Bengal's potato ban, which led to shortages in Jharkhand and Odisha, Uttar Pradesh farmers are the unlikely winners.
Das saw off a tough challenge from Chinese Taipei's Deng Yu-Cheng earlier in the day.
The Bangladesh bowlers have the ability to spice up things but against India's formidable lineup, they would need plenty of runs on the board.
IMAGES from Day 4 of the 2nd Test played between India and Bangladesh in Kanpur, on Monday.
'In Mumbai, isolation is a very different isolation.' 'It's not about actual physical loneliness.' 'It's the loneliness in the company of others, and I felt that that is a very Mumbai thing.' 'You can be travelling in the ladies compartment squashed against everybody's armpits and still be really, really sad and alone.'
Virat Kohli's much anticipated return to Test cricket was marred by a disappointing dismissal for just six runs in the first innings against Bangladesh in Chennai.
Foreign Secretary Vikram Misri arrived in Dhaka on Monday on a day-long visit to hold talks with his Bangladeshi counterpart, amid strained bilateral ties since August following the ouster of prime minister Sheikh Hasina.
'It is for the first time that a film of mine will be released in theatres and Indian audiences will finally be able to buy tickets and experience it on a big screen, where cinema truly comes to life.'
The Indian rupee is likely to depreciate further against the US dollar through the end of 2024. This is due to the continued strengthening of the greenback, combined with the weakening of the Chinese yuan, which is expected to keep pressure on the Indian currency.
India registered a thumping 86-run victory in the second T20I against Bangladesh to seal the three-match series 2-0.
India beat Bangladesh by seven wickets in the rain-truncated second Test in Kanpur to complete a 2-0 series sweep on Tuesday.
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