French Finance Minister Christine Lagarde on Tuesday became the first woman to head the International Monetary Fund after its executive board chose her over Mexican central bank governor Agustin Carstens.
"In India's development cooperation, we will be guided by our partners' development priorities. Our assistance does not create indebtedness and is without conditionalities," he said at the 44th Annual Meeting of the G-77 Foreign Ministers on Thursday, in a veiled reference to China's loans which has led to debt-traps in some countries.
Proceeds of the crime had been siphoned off and laundered or concealed, or layered and integrated into the main financial system through the acquisition of properties. His wife Bindu Kapoor has been charged with being aware of the source of monies that were being routed through these companies.
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The local currency opened at 62.20 a dollar from the previous close of 61.93 and immediately touched a low of 62.29 at the interbank foreign exchange market.
Financial institutions at the risk of US sanctions as sharing of documents on SC directive amounts to violation of existing agreements.
Had India agreed to join the trade pact, Indian markets would have been flooded with cheap Chinese products.
Rajan's exit will neither affect the RBI's de facto independence nor its working.
India's likely medium-term potential growth will almost certainly be markedly lower than that experienced in pre-pandemic years, warns Shankar Acharya, former chief economic advisor to the Government of India.
energy is India's binding supply-side constraint for inclusive growth.
'What we are actually missing in India is a platform wherein the government engages with cybersecurity experts, gets them employed and then utilises their capability to deter such attacks.'
Naxals are possibly receiving foreign funds but the chunk of their money comes from extortion of corporate houses and 'levy' imposed by them on mining, the government said on Wednesday.
Young professionals who lost their jobs tell Rediff.com's Divya Nair how they reclaimed their lives.
With auditing under the scanner and two of the Big Four firms stopping non-audit services for audit clients, auditors will now be subjected to a more stringent standard of reporting.
'A bold, progressive step forward,' Kotak Mahindra Bank CEO Uday Kotak said of Nirmala Sitharaman's corporate tax breaks.
Switzerland has come under international pressure, including from India, amid concerns that black money is stashed in Swiss banks.
'The macro-economic stresses -- high interest rates, rupee depreciation and capital flows -- have receded now.' 'Interest rates have come down, inflation is down and the rupee has bounced back.' 'If oil prices continue at this level, there will be no vulnerability.' 'Growth is a different story.'
The AIIMS administration has initiated an internal inquiry to look into the cause of the fire and further strengthen preventive measure.
Dawood Ibrahim is wanted in India to face the law of the land for carrying out serial blasts in Mumbai in 1993 in which scores of people were killed and injured.
IIM-Trichy has seen a dip in the number of offers per recruiter. IIM-Udaipur is yet to place 20 of its 144 students.
'The inflow of FII or FDI has not distorted the market sentiments and therefore there is no question of putting any curbs.'
Arvind Subramanian was appointed CEA in October 2014 and got a year's extension in September 2017
'MFs acted as reckless lenders and not as prudent investors.' 'Clearly, how debt funds are being run is a systemic issue,' warns Debashis Basu.
Collection dived to 75-80% in November-December from 99% after demonetisation.
Welingkar Institute of Management Development and Research opens admissions to its Master's Level postgraduate diploma in Business Administration through distance learning.
Nawaz Sharif was the last Pakistani prime minister to visit the US on an official trip in October 2015.
As deputy governor, Patel headed the RBI panel to draft the monetary policy report, which became the basis of the ongoing reforms at the apex bank
Mohan has been appointed as the Professor in the Practice of International Economics and Finance in the Yale School of Management, and as Senior Fellow in the Jackson Institute for Global Affairs at Yale University; Yale University President Richard C Levin said in a statement on Friday.
For several years the Chinese authorities have been taking steps to internationalise the use of the yuan.
Payments banks are niche banks which will be allowed to function with several restrictions.
Piyush Goyal, who held the post of finance minister when Arun Jaitley was undergoing treatment, told the Confederation of Indian Industry's annual session: "All stakeholders, including the RBI, should introspect on their respective roles (on low economic growth)."
India and the US inked a tax information sharing agreement under FATCA which will enable automatic exchange of financial information.
Salaries offered to Indian Institute of Management-Calcutta (IIM-C) graduates have increased 15-20 per cent compared to last year, during the recently concluded final placements, with more than 70 students bagging international postings.
The International Institute of Finance, which has representatives from 360 major banks and financial institutions of 60 countries, has suggested the expansion of the G-7 to G-11 to include India, China, Russia and Brazil.
'The most important thing is that the psychological signal it is giving to the markets and international markets,' says former finance secretary Arvind Mayaram.
Welingkar Institute of Management opens admission for the Master's Level Post Graduate Diploma in Business Administration through Distance Learning
India has already signed the OECD's global standard for automatic exchange of information between tax authorities two years back and once the new format is implemented, the country will follow the new protocols envisaged in it.
An alumnus of St Stephen's College, Delhi, his professional career began in the early 1990s. He completed a Master's degree in international affairs from Columbia University during 1996-98. And an MBA from Northeastern University, Boston.
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