'Those who come from outside are surprised at the relatively small strength of the RBI supervisory cadre, relative to the needs of the country and the needs of the financial sector.'
Such listings will help internationalise our currency, give us economic heft, compel best in class regulations and further develop the professional-services ecosystem., says Amit Tandon.
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India plans IPO rule changes to lure homegrown start-ups.
The recent revelations come six years after another round of tapes stole the limelight.
The Congress has launched an offensive against the Bharatiya Janata Party government over the Rafale deal, alleging corruption and violation of rules by Prime Minister Narendra Modi and demanded answers from him.
The finance ministry has put out a revised draft in public domain.
Some of the policy measures announced are expected to go a long way in removing current challenges on financing faced by businesses and also increasing economic activity, especially in areas of construction and manufacturing.
The Reserve Bank on Wednesday permitted wholly-owned subsidiary (WOS) of foreign banks to acquire domestic private sector banks as well as set up branches anywhere in the country.
The auditors also said that the company is in the process of monetising its assets and has submitted a draft resolution plan to the consortium of bankers for restructuring its borrowings and also there have been discussions for stake sale by the promoters to a strategic partner with further equity infusion.
The main issues confronting CFOs currently, according to Deloitte, are the current economic slowdown, a depreciating rupee and inflation.
To get same tax treatment as FIIs; rules on search & seizure and consent settlement cleared
FY16 GDP growth was seen at 7.5%, against 8.1-8.5% earlier.
New ITR form may be simpler, but some changes could stump you.
A long crisis with a lack of sound short-term, long-term actions can result in sluggish growth in India, similar to that in Japan.
Experts consider Sebi's takeover code in its present form to be on a par with any foreign code governing public mergers and acquisitions.
In the atmosphere created by the reaction to the PNB fraud and RBI's resolution framework, "don't lend, don't resolve" is bound to become the bankers' new mantra, says T T Ram Mohan.
Government on Monday formed a multi-agency group to monitor exposes in this regard and vowed to take action against all "unlawful" accounts held abroad.
Public sector banks' need for capital should be used to make fundamental reforms to their governance and management.
The final guidelines should be there in 3-4 months.
Murthy no more chairman emeritus; founders do not want to be addressed as promoters.
Want to invest in stocks? Read this...
Relations between founders and investors in the start-up universe - remains as tricky as ever.
The RBI should provide readily accessible summary information on its website about all corporate debt defaulters and the amounts involved.
While regulators are trying to do their bit, the onus is on you to prove it.
Compared to their Indian peers, MNCs have higher return ratios.
'The nation State can thrive if all communities believe they have a stake in it; that their interests will be safeguarded; that there will be no discrimination; that there will be justice.' 'The political leadership of this country needs to decide whether it wants to mitigate these challenges to the nation by making necessary correction or whether it wants to ignore these questions that Yakub's noose has left behind,' says Ankur Bhardwaj.
Control over PSU banks is what is allowing the government to drive this scheme.
Delhi, which has gained infamy as one of the world's most polluted cities, has for some years now witnessed a sustained campaign from various quarters seeking a ban on firecrackers. While the Centre launched the newly approved, eco-friendly firecrackers earlier this month as a "safer and cheaper" alternative, the mood in the market is tepid, says Ritwik Sharma.
Intelligence agencies believe attacks by militants during the Sochi Winter Olympics are highly likely, but will probably be aimed at "softer" targets elsewhere in Russia, such as public transportation or other civilian venues, US and European officials said.
'LIC's proposed investment will come out of what is technically called the 'policyholders funds'.' 'As the name implies, these monies belong to policyholders; that is, you, me and 25 crore others who have taken a total of 30 crore policies from LIC.' 'It is not the government's or LIC's money to play poker with,' says S Muralidharan, former managing director, BNP Paribas.
A K Bhattacharya digs into the yet-to-be-public report on ways to curb black money and finds out that Modi's next moves could include action on dabba trading, hawala, and education.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
OPS is just now friendless in the party's second-line, but the situation could change as and when Governor Rao arrives in the state capital, and sets the constitutional ball rolling, says N Sathiya Moorthy.
When an NRI returns to India, he should be aware of his tax residency status.
Sahara and its founder Subrata Roy have been under scrutiny for years over its financial products, including for possible money laundering.
The Centre said the reports of the governor mention that law and order situation has been deteriorating every passing day and there was 'total collapse' of the law and order machinery.
Finance Minister Arun Jaitley said the inflation index would determine the nominal growth figure, and it is better to set modest targets and outperform them.
In his massive election rallies, Prime Minister Narendra Modi often caught voters fancy promising that each individual would get Rs 15-20 lakh in his bank account if he came to power.
A glance back at some of the important ups and down Indian Inc faced in 2018.
Indian economy about to take-off
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