A cut in rates would have encouraged the banks to lend aggressively on the retail front.
Visiting Pakistan Prime Minister Nawaz Sharif on Monday met United States Secretary of State John Kerry and discussed a wide range of bilateral and regional issues, the state department said.
The agency recorded his statement under the Prevention of Money Laundering Act with some specific queries on the circumstances and procedures adopted by the now-defunct Foreign Investment Promotion Board while giving approval to the Aircel-Maxis deal during his tenure.
Deputy Chairman of the Supreme Court-appointed Special Investigative Team on black money, Justice Arijit Pasayat, said Rs 70,000 crore of black money has been unearthed so far and the sixth report on it will be submitted to the apex court in April.
India has banned as many as 106 Chinese apps, including TikTok, a move welcomed by both the Trump administration and the US lawmakers.
United Nations proscribed terrorist Lakhvi, 61, who was on bail since 2015 in the Mumbai attack case, was arrested by the Counter-Terrorism Department of Punjab province on Saturday.
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.
The prime minister is likely to talk about its possible extension.
India and the US also made a strong push for the intra-Afghan peace process to end violence in Afghanistan and ensure that it does not become home to terrorism, and vowed to deepen cooperation in the Indo-Pacific and on COVID-19 response and economic recovery.
'India-China economic ties are likely to take a hit in the wake of the new situation, but that also provides India with a new opportunity to strengthen its manufacturing base,' points out Dr Rajaram Panda.
To get same tax treatment as FIIs; rules on search & seizure and consent settlement cleared
DEA officials to push for this at a meeting with FM Jaitley.
Days ahead of the second US- China Strategic and Economic Dialogue, the United States has reiterated that China needs to move towards a market-oriented exchange rate.
'Any person who wants to enter this service should have a single object of serving the public irrespective of hindrances.'
Swaraj and Tillerson discussed a wide range of bilateral issues, including the situation in the neighbourhood and the Indo-Asia Pacific region, officials said.
The Modi PMO is like none other: It is staffed by people who are so low profile that the only dominant personality is the Prime Minister's.
US President-elect Biden has a history of advocating on behalf of women in the US and around the world and the new team announcement is a continuation of that work.
'From the very start, PM Modi was insistent that visiting foreign leaders should be exposed to an India beyond its capital.' 'Through these experiences, he felt that the full Indian narrative would be much better understood across the world,' explains External Affairs Minister S Jaishankar. A riveting excerpt from Bluekraft Digital Foundation's Modi@20: Dreams Meet Delivery.
'India should not be taken by surprise if the Biden administration seeks China's cooperation at some point,' alerts Ambassador M K Bhadrakumar.
For the PMO this is urgent as the Digital India framework would depend on how the telecom companies perform. It is also linked to the proposed auction of 5G airwaves.
'India will come increasingly in the US crosshairs if it insists on maintaining its strategic autonomy, warns Ambassador M K Bhadrakumar.
The ministry said it was an anti-abuse provision amid growing instances of NRIs shifting their stay in low or no-tax jurisdiction to avoid tax payment in India.
The ministry's year-end review is silent on the continued occupation by Chinese troops of territory that India has always claimed and patrolled.
Benchmark indices finished higher on hopes of economic reforms
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The rupee and equity turmoil seem over, with interest shifting to key personnel changes and 2014 polls.
The chargesheet names 14 accused, including the Congress leader's son Karti Chidambaram, Peter Mukherjea and Indrani Mukerjea.
I have lived in Switzerland without feeling Swiss, I have lived in Singapore without feeling Singaporean, he told an Australian daily
Taking the supporters of Telangana supporters by surprise the Union government has given its nod to the ambitious Information Technology Investment Region proposal for Hyderabad which envisions an investment of Rs 2.19 lakh crore in and around the city over the next 25 years.
Rediff.com's Syed Firdaus Ashraf traces the journey of PM-CARES from its founding to finally admitting it is not a government fund.
Protests at this time when efforts are underway to strengthen the PLA and keep morale high would be worrying for the military leadership, observes Jayadeva Ranade, the retired senior RA&W officer and distinguished China expert.
In the 2020-21 Budget, the prime minister and the finance minister are keen to stamp their narrative, after various rollbacks following the previous Budget, said top government sources. Besides the scheduled meetings, the sources said, the Prime Minister's Office is expected to hold several meetings with top secretaries and officials on various ongoing schemes, their performance and also how some of them could be tweaked for better results.
The PM held bilateral meetings with three ASEAN leaders, including his Vietnamese counterpart Nguyen Xuan Phuc and Myanmar's State Counsellor Aung San Suu Kyi, and discussed key bilateral and regional issues.
'Chinese experts estimate that the new US administration is 'at the crossroads of how to re-manage and control' Sino-American differences and strategic divergences and Biden's bottom line is that the US would have 'extreme competition with China, but won't allow competition to develop into conflict',' notes Ambassador M K Bhadrakumar.
In January, the UN had forecast that the world economy would shrink 0.5 per cent this year. The report predicted that with a coordinated, development-oriented policy scenario, the world economy would recover to an annual growth of 4-5 per cent in 2010-2015, led by a robust growth of 7 per cent a year in developing nations.
Senior United Nations experts have said that lack of investment in agriculture over a long period of time and the use of precious natural resources for bio-fuel production have also contributed to the current food crisis. The use of crops for bio-fuel production had also contributed to the worldwide rise in food prices, since it meant that a part of our natural resources had to be diverted away from the production of food crops. The experts were talking in a conference in NY.
'People are willing to face temporary inconvenience as they are determined to support PM Modi's crackdown on black money,' Commerce Minister Nirmala Sitharaman tells Archis Mohan.
It will be interesting to see whether India-China border tensions figure during the deliberations of PLA deputies to the NPC and CPPCC, notes Jayadeva Ranade, the distinguished China expert and retired RA&W officer.
The issues around trade gaps, especially around steel and aluminium tariffs imposed by the US, will be addressed separately.
Make in India has seen an overwhelming response on its digital platforms like Facebook and Twitter since its launch just 3 months ago.
'If the RBI had done the right things, these mistakes would not have happened in banks, public or private,' says Ajay Shah.
