'India's economic fundamentals are much too strong to be affected by his resignation,' says B S Raghavan.
The public sector banks are not in a position to cut rates because of their weak balance sheets and massive portfolios of non-performing assets, says Devangshu Datta.
The national anti-doping body said it has made improvements in the system to allay the fears of the Board of Control for Cricket in India.
The Sensex and the Nifty witnessed biggest one day loss in percentage terms since June 24
As if wanting to be an antidote to the coronavirus pandemic, the Indian stock market adorned carnival robes in 2021 with a tsunami of liquidity unleashed by global central banks coupled with supportive domestic policies and the world's largest vaccination drive sparking off a world-beating rally on Dalal Street, despite bouts of uneasiness over fizzy valuations. While the wider economy shuttled between recovery and relapse, dictated by multiple mutations of the virus, equity market benchmarks appeared headed in just one direction -- skywards. The dizzying upward journey has added a whopping Rs 72 lakh crore during 2021 to investors' wealth, measured as the cumulative value of all listed shares in the country, taking it to nearly Rs 260 lakh crore.
Private banks are assumed to be more efficient at intermediating between depositors and investors.
As it is a highly liquid asset, central banks can afford to look past its short-term volatility to longer-run average returns.
An independent report last week said the IWF was plagued by decades of corruption orchestrated by autocratic former president Tamas Ajan.
None of the four benchmarks suggested by the RBI is ideal as banks in India create loan assets from their deposits and not borrowing from the regulator or market, says Tamal Bandyopadhyay.
In advanced economies where the financial system is more matured, the form of shadow banking is more of risk transformation through securitisation.
RBI has cut the rates thrice so far in 2015 by 25 bps each.
The latest fraud is a failure of management supervision and accountability, as no bad debt was generated and no cash was involved
The US Fed on May 24 hinted at withdrawing its third round of quantitative easing, or bond buying programme, worth $85 billion each month, which began in the wake of the worst credit crisis in September 2008.
Tamil Nadu's unending legislative fight for exemption from NEET has now flagged the question if it's time to review the Supreme Court's famous verdict in the 'Mandal case', fixing 50-per cent upper-limit for all reservations, asks N Sathiya Moorthy.
Group Commander (coordination) B K Jha was admitted to the Central Armed Police Forces Hospital in Greater Noida after he contracted COVID-19 and breathed his last early morning.
"We have to collectively address all doubts. The vision of flexibility with which this policy was brought... We will have to show in a similar way maximum flexibility in implementing it," Modi said while addressing the 'Governors' Conference on the Role of NEP in Transforming Higher Education'.
RBI said the outlook for economic growth for 2016-17 has turned uncertain after the unexpected loss of momentum by 50 basis points in Q2 and the effects of the withdrawal of banned notes
Here are the events that shaped the newspaper.
RBI Governor Raghuram Rajan on Friday pitched for incentivisation of domestic savings to boost investments in the country.
RBI Governor Raghuram Rajan, who had predicted the 2008 financial meltdown, has said that abrupt reversal of low interest rates globally could create substantial amounts of damage and that it should be done in predictable and careful way.
RBI will cut rates in its next policy announcement on June 2.
Rajan also said it's a problem of collective action and not a problem of industrial nations or emerging markets
What is killing the risk appetite of the bond buyers is the inconsistency in the central bank's approach. It needs to allow the yield to find its own level, gradually. To ensure that, the RBI may adopt a similar approach with which it handles a slipping rupee, asserts Tamal Bandyopadhyay.
The nomination would put Yellen on course to be the first woman to lead the institution.
As the Ukraine conflict impacts the global GDP, India is projected to grow by 6.4 per cent in 2022, slower than the last year's 8.8 per cent but still the fastest-growing major economy, with higher inflationary pressures and uneven recovery of the labour market curbing private consumption and investment, according to a UN report. The UN Department of Economic and Social Affairs said in its World Economic Situation and Prospects (WESP) report released on Wednesday that the war in Ukraine has upended the fragile economic recovery from the pandemic, triggering a devastating humanitarian crisis in Europe, increasing food and commodity prices and globally exacerbating inflationary pressures. The global economy is now projected to grow by only 3.1 per cent in 2022, down from the 4.0 per cent growth forecast released in January 2022.
'...and defensive until the global macro headwinds turn more benign.'
The onshore yuan trading band is tightly controlled.
APSCC Chairman Jagmohan Singh Raina talks about the life and times of the Sikh minority in a politically tumultuous region of Jammu & Kashmir.
'Slower-than-anticipated recovery can be a bigger risk this time than a liquidity-driven event -- at least for India.'
The Tamil Nadu assembly on Tuesday once again adopted the anti-NEET Bill, returned days ago to the government by Governor RN Ravi, with the ruling Dravida Munentra Kazhagam and principal opposition All India Anna DK reaffirming their opposition to the test.
Among the index heavyweights, Reliance Industries ended down 1.9% while mortage lender HDFC eased 0.2%. FMCG major ITC ended down 1.3%.
At the same time, however, officials at the central bank lowered their projections for the long-run target interest rate, evidence of slightly diminished expectations for a nation climbing out of a severe crisis and struggling with demographic headwinds like declining labor force participation.
The BSE Mid-cap index gained 1.1% while the Small-cap index surged 1.3%, outperforming the benchmark indices
In the broader market, the S&P BSE Midcap and the S&P BSE Smallcap indices gained 0.5% and 0.4%, respectively.
SBI is the first major state-run bank to hike lending rates after short-term rates rose as a result of the Reserve Bank of India's liquidity tightening moves announced in July.
The prime minister and president stated their intention to expand defence co-operation to bolster national, regional and global security.
Privatisation or consolidation into half a dozen large banks might not rescue public sector banks from the crisis they find themselves in.
The International Olympic Committee has set June 29, 2021 as the new deadline for the qualification period of the Tokyo Olympics, which has been rescheduled to next year in the wake of COVID-19 pandemic. According to the letter dated April 2, the revised sport entries deadline has now been set for July 5, 2021.
Director general, Railway Protection Force (RPF), Arun Kumar has asked general managers of zonal railways to keep vigil to contain the impact of the nationwide strike called by farmer groups against the three agri laws.
It is surprising that central bankers around the world have cautioned the US Federal Reserve against raising rates.
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