Advising judiciary to avoid "perception-driven" verdicts, Prime Minister Narendra Modi on Sunday said it should have an internal mechanism of "self-assessment" as judges are considered "divine" and seldom face any criticism unlike the political class.
He said this in Parliament rebutting reports last month, which quoted the Swiss National Bank, the country's central bank, as saying in its annual report that Indian deposits had risen by 50 per cent in 2017.
'For the RBI, for a central bank, reputational risk is the worst risk.' 'Credibility is the worst risk,'
China will also set up 50 joint laboratories with countries participating in the Belt and Road initiative to enhance cooperation on innovation.
The 42-year-old Acharya's appointment for a three-year tenure was cleared by the Appointments Committee of the Cabinet.
Faced with sluggish economic growth and dwindling exports, China on Wednesday devalued its currency for the second consecutive day.
BRICS countries may reach consensus at next month's G20 summit on creating a $100 billion currency reserve fund to help ease short-term liquidity pressure and safeguard financial stability of major emerging economies, a senior Chinese central bank official said.
The Ministry of Finance or Commerce would certainly need a larger hospitality budget than the Ministry of Agriculture.
The need for larger investment in infrastructure that is the biggest shortcoming, says A V Rajwade.
Occasionally, a whistle-blower releases sensitive financial data.
The RBI is considering permitting FII and commercial banks to trade on Indian commodity exchanges.
In a pre-budget meeting with Finance Minister Arun Jaitley, the experts suggested timely implementation of the BJP's election manifesto promises to fix higher support prices. They also favoured a Kissan TV channel, an efficient procurement policy, priority for farm mechanisation and the linking of rivers.
'Outside investors don't want to get tangled up in a religious war.'
Tamal Bandyopadhyay offers some unsolicited advice for a government wh,ich came to power, with brute majority and the nation's pragmatic chief money man.
'These are interesting days for watchers of English cricket and central banking,' points out Amol Agrawal.
'The skills and abilities of civil servants are still respected, even though they become whipping boys when things go wrong.'
Noted economist Arvind Subramanian is favoured as the choice for the government's Chief Economic Advisor (CEA).
'Agri reforms need to go beyond the limited concerns of these three laws in improving agriculture productivity in cereal and crop diversification and production patterns.'
As the UN marks 75 years of its existence, the 193-member UN General Assembly adopted a forward-looking political declaration that gave a clarion call for strengthening mechanism to combat terrorism, reformed multilateralism, inclusive development and better preparedness to deal with challenges like the COVID-19 pandemic.
'The idea is to have a separate and independent consultation on non-personal data, and decide the contours of how it should be regulated, whether as guidelines, rules, or a separate policy,' said a senior official at MeitY.
Lekh is an international competition conducted by XLRI, Jamshedpur.
Inter-ministerial programmes have run into obstacles as rules written by bureaucrats hamper rather than promote investments.
Law Minister H R Bhardwaj told delegates that the Centre also plans to introduce a bill in Parliament to set up mobile rural courts known as 'Gram Nyayalayas' to make justice available at doorsteps to people in villages.
It is not clear whether the drop in offers is a fallout of demonetisation.
Studying at these foreign destinations will not burn a hole in your pocket.
Indian banks have started exploring opportunities in the space, including lending to crypto exchanges, and accepting bitcoins as collateral, among others.
Finance Minister Arun Jaitley hints at a world class tax regime.
'A separate 'Investigation Agency (Other Offences)' or IA(OO), can be created under the state governments, with the expertise and resources required for investigating non-violent offences,' recommends Alok Tiwari, a Cabinet Secretariat officer.
The panel will also recommend a fiscal consolidation road map for the central and state governments, study the impact of GST on the divisible pool, and propose performance-based incentives for states.
The economy and society have changed 'hugely' over the years, he said.
India has still a long way to go to meet the Millennium Development Goals such as elimination of poverty by 2015, Finance Minister P Chidambaram said.
The government wants the RBI to part with most of its profit as dividend.
GST reform has been hanging fire since 2006-07.
The Prime Minister said there is a need to have a relook at the structure of the Planning Commission and give it a new shape.
They expressed concern on taxation issues, the high fiscal and current account deficits, and sought removal of capital gains tax.
Reserve Bank Governor Raghuram Rajan on Friday said banking sector will see major changes in the coming years.
Removal of this status means India can now enhance customs duties to any level on goods coming from Pakistan.
Despite recent developments that have accelerated the impending extradition of fugitive diamantaire Nirav Modi, who has been in custody in London's Wandsworth Prison for over two years, the last month has seen his uncle Mehul Choksi dominate the headlines instead with his circus-like exhibition in the Caribbean that has involved red herrings such as a "girlfriend", to whom his wife seemed to have no objection, and possibly concocted stories of being kidnapped and manhandled. Choksi was widely regarded as Modi's Svengali in Mumbai when he returned from Belgium to expand his business. He had fled to Antigua well before news around how Modi finagled thousands of crores from Punjab National Bank (PNB) and other institutions through a series of allegedly coordinated and fraudulent actions involving letters of undertaking, or LoUs.
The ongoing Greece economic crisis poses a little threat to the rest of the world as the global economy has withstood the stress tests of the last two weeks fairly well.
