The new Budget would do well to fill up the gaps and pave a strong way forward to ensure that the optimism surrounding it is not short-lived.
A few state-owned banks such as IDBI Bank, Union Bank, Indian Overseas Bank have announced results for FY14.
Bankers have hailed the Prime Minister's call to end "financial untouchability" and opened millions of accounts on the inaugural day itself.
'The Budget has maintained fiscal prudence while announcing a number of steps to boost growth, particularly in infrastructure and rural sectors.'
The Jan Dhan scheme restricts the scope of life insurance cover to bring down burden on the exchequer.
MFs continue to find it difficult to attract and retain long-term money from investors
Payments banks will mainly deal in remittance services and accept deposits of up to Rs 1 lakh.
When the highest court gave a decision on the Navtej Singh Johar case, it held that LGBT citizens have a right to not be discriminated against on the basis of their sexual orientation. It was keeping this in mind that this same sex couple approached the Delhi high court.
The bad loans of public sector banks were at 4.4 per cent in March 2014 compared with 2.09 per cent in 2008-09, it said, adding, the gross NPA increased by almost four times from March 2010 (Rs 59,972 crore or Rs 599.72 billion) to March 2014 (Rs 2,04,249 crore or Rs 2,042.49 billion).
Apprehensions following the imposition of GST on sports equipment has forced the National Rifle Association of India (NRAI) to 'approach' the finance ministry and take up the cudgels on behalf of a very concerned shooting community.
Analysts on Wednesday welcomed the Reserve Bank's decision to grant bank licences to Bandhan and IDFC, but expressed dismay that only two of the over two dozen aspirants made the cut.
Converting what was supposed to be an interim budget or a vote on account into an almost full-fledged budget announcement in the Lok Sabha, Finance Minister Piyush Goyal proposed an array of incentives for both middle-class and farmers, whose disenchantment was said to have cost the BJP dearly in recent assembly elections.
Describing India as an "emerging democratic superpower", Australian Prime Minister Tony Abbott on Thursday kicked off his two-day India visit during which the two countries are likely to clinch an elusive civil nuclear deal.
It is widely believed that Nandan Nilekani's meeting with Prime Minister Narendra Modi saved the ambitious Aadhaar project from oblivion or a takeover by the home ministry.
The government on Thursday permitted RBI to invest $4.3 billion in special bonds of the World Bank, which would raise the agency's lending limit to India by a similar amount to $21.8 billion for infrastructure investment.
Medha is an organisation created with the idea of bringing in better employment opportunities and life for educated youth.
Parliament on Thursday cleared the decks for the rollout of the historic Goods and Services Tax from July 1 as it approved four supporting legislations to usher in the one-nation-one-tax regime.
Totackle the serious challenges faced by the banking sector, the government will bring in more professional management and boards in the banks.
For existing technologies, unless appropriate financing is available, deployment at scale is difficult.
The payments banks are intended to house transactional accounts for individuals, focusing on payments and remittances.
An executive director of a bank could, for example, be elevated to the post of chairman of a different bank.
P Chidambaram said to be able to play a meaningful role in the global governance, the G-20 agenda should be sharper and focused only on those issues on which it can make a distinctive contribution, particularly, on economic and financial matters.
'It is not clear how the NDA government -- including Defence Minister Nirmala Sitharaman and Finance Minister Arun Jaitley, backed by senior IAF officials -- claimed that the 36 Rafale contract with Dassault in 2016 cost the IAF 20% less than Dassault's 126 Rafale offer,' notes Ajai Shukla in the first of a three-part series.
India's ailing banks need immediate attention.
The target of $500 billion in bilateral trade by 2020 is doable, feels Anand Sharma.
Government's financial inclusion mission is well intentioned, but it may be putting a severe strain on the banking sector.
Finance Minister Arun Jaitley on Sunday said the government is planning to bring down its stake in public sector banks to 52 per cent so as to meet Rs 3 lakh crore capital requirement.
The US FOMC concludes its two-day meeting today while the Bank of Japan will start its two-day meeting today.
Some also demanded empowering of local bodies.
Strong MF investments, stemming of FII outflows and positive earnings in Q3 have helped market, say analysts.
The issue is likely to be discussed on Thursday at a meeting of Sebi's board, which would also be apprised of the impact of the Finance Ministry's decision for not agreeing to such a proposal from the capital markets regulator, sources said.
The meeting will be attended by all heads and EDs of public sector banks
To deepen the financial inclusion process, and help get more people under the formal financial system, the RBI has mooted the idea of small banks and payments banks.
Taking a dig at Bharatiya Janata Party's prime ministerial candidate, Nationalist Congress Party chief Sharad Pawar said he feared that there were grim indicators of Indian democracy being concentrated in one person's hand after the marginalisation of party veterans like LK Advani and Murli Manohar Joshi.
The agreement on sharing of financial information is a distinct and welcome break from its trend.
Prime Minister Narendra Modi arrived in Berlin for an overnight stopover on his way to Brazil for the Brazil, Russia, India, China and South Africa (BRICS) Summit meeting that will address regional crises and security threats to restore a climate of peace while advancing global economic stability.
The IMF chief listed three key policy areas for women's empowerment as the education, getting a job and having a family.
India's gross domestic product product (GDP) growth rate between 2011-12 and 2016-17 should be about 4.5 per cent instead of the official estimate of close to 7 per cent, he said in a research paper published at Harvard University. "The Indian policy automobile has been navigated with a faulty, possibly broken, speedometer," he says in the paper.
'If the museum in his memory inspires and instils among Brahminical British Indians an attitude of equality towards Dalits, the edifice would be worth it,' reports Ashis Ray.
Rubbishing the Bharatiya Janata Party's charge that his father was "running away" from contest, Karti Chidambaram, son of Union Finance Minister P Chidambaram, on Friday said the saffron party has no locus standi to make such a comment.
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