Wolfgang Schauble has done right by the Euro zone, but the Greeks believe that doesn't necessarily mean he has done right by them.
According to NABARD, around 60% of India's population lacks access to financial institutions.
Saudi Aramco chairman and head of the Kingdom's cash-rich wealth fund PIF Yasir Othman Al-Rumayyan will join the board of Reliance Industries Ltd as an independent director in a precursor to a $15 billion deal. Reliance chairman and Asia's richest man Mukesh Ambani, who had two years back disclosed the talks to sell a 20 per cent stake in the company's oil-to-chemical unit to Saudi Aramco, announced the appointment of Al-Rumayyan at the company's annual meeting of shareholders. Harvard educated Al-Rumayyan, 51, will replace Yogendra P Trivedi, 92, who has expressed a desire to retire, Ambani said. On the sale of a 20 per cent stake in the O2C business, he said the deal is likely to conclude this year.
He did not believe in any fiscal puritanism. In 2012, when it was almost certain that the government will breach the 2012-13 fiscal deficit target, he wrote that in abnormal times, abnormal measures are required to get back to normalcy.
As education loans are given on a floating-rate basis (and not fixed), one needs to account for probable spikes in the EMI while choosing the loan tenure. Loans are available for up to 15 years, which could lower your EMI and ease your repayment burden, advises Mohan Jayaraman.
India's public debt ratio, which remarkably remained stable at around 70 per cent of the GDP since 1991, is projected to jump by 17 percentage points to nearly 90 per cent because of increase in public spending due to COVID-19, the IMF said.
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 the new decade, the scene will change because the banks till recently had been challenged by the fintechs, but the techfins have now entered the arena, observes Tamal Bandyopadhyay.
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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.
RRBs were formed under an Act to provide credit to small farmers, agricultural labourers and businesses in rural areas.
Financial institutions at the risk of US sanctions as sharing of documents on SC directive amounts to violation of existing agreements.
Rajan's exit will neither affect the RBI's de facto independence nor its working.
energy is India's binding supply-side constraint for inclusive growth.
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.
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.
Switzerland has come under international pressure, including from India, amid concerns that black money is stashed in Swiss banks.
"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.
'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.'
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.'
Had India agreed to join the trade pact, Indian markets would have been flooded with cheap Chinese products.
Young professionals who lost their jobs tell Rediff.com's Divya Nair how they reclaimed their lives.
'A bold, progressive step forward,' Kotak Mahindra Bank CEO Uday Kotak said of Nirmala Sitharaman's corporate tax breaks.
Welingkar Institute of Management Development and Research opens admissions to its Master's Level postgraduate diploma in Business Administration through distance learning.
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.
The AIIMS administration has initiated an internal inquiry to look into the cause of the fire and further strengthen preventive measure.
Collection dived to 75-80% in November-December from 99% after demonetisation.
Arvind Subramanian was appointed CEA in October 2014 and got a year's extension in September 2017
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.
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.
'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.'
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
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.
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.
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.
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.
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