RBI must balance the need for improving domestic bank credit demand and respond to lower inflation.
The majority have stayed away from getting into cash handling.
The origin of the challenge is the so-called "fresh start" process. Many in the MFI industry apprehend that such a law in India will encourage small unsecured borrowers to default and destroy the credit culture. So, while'Fresh start' is a welcome step as it will free up the debtors from the archaic laws of the colonial era, debtors need handholding and counselling to prevent any misuse, says Tamal Bandyopadhyay.
Optimism about a stable govt at the Centre, a demand revival and falling oil prices buoyed the markets.
The Central government on Friday told the Supreme Court that it has deposited with the top court Rs 10 crore paid by the republic of Italy as compensation to the families of the two Kerala fishermen who were shot dead in 2012 by two Italian marines aboard the MV Enrica Lexie ship -- an Italian flagged oil tanker -- in lieu of closure of criminal cases against the two navy personnel in India.
'It is going to be a tough balance for the RBI to manage economic stability and ensure smooth government borrowing.'
Greenpeace India on Tuesday said it was staring at an "imminent" shutdown within a month in the absence of funds.
Qatar is the world's richest country in terms of per capita income.
FII stance, progress of monsoon, crude oil and rupee movement are likely to dictate the trend.
Do you know what kind of currency notes are illegal?
Close to a million small shareholders have stake in nine NCLT-bound companies
Enabling the online booking and payment for Indian Railway tickets is one such case. Amitabh Pandey's book is about how he went about enthusing teams inside the Indian Railways and facilitating online reservations, says Ajit Balakrishnan.
A tiny village in the Gangotri area and a self-discovery vacation...
He said the Aadhaar programme violated informational privacy, self-determination and data protection.
The rupee is likely to strengthen to 60-61 level by this fiscal-end on expectations of improvement in current account deficit (CAD) and higher inflows from overseas investors.
Beyond the barbed wire and watchtowers, though, lies a story that casts more than a little doubt on whether this dream will ever be realised. Praveen Swami reports.
The greatest unknown in this risky initiative lies in the way human relationships will play out -- not just between the Agniveers, who will be competing with their fellows for permanent jobs beyond their four-year tenures -- but also between the Agniveers and existing full-time soldiers, warns Ajai Shukla.
The rally in index heavyweight ITC has boosted the sentiment across the board.
Nobutaka Kitajima, chief investment officer -- equity, LIC Nomura Mutual Fund, tells Business Standard the reaction to the Fed's statements has been overdone and the current downturn has punished certain stocks much more than their inherent economic worth and business potential.
'The big power struggle in faraway Europe erupted at a most critical juncture when India has been increasingly sceptical about American policies and statesmanship,' argues Ambassador M K Bhadrakumar.
If you are panic-stricken because of your inability to repay even your minimum amount due on your credit card, help is at hand.
ONGC was the top gainer which surged over 4% followed by Axis, SBI, CIL
The S&P BSE Sensex shed 286 points to close at 24,539 and the Nifty50 lost 100 points to end at 7,456.
The ripples from November 8 may be seen in next year's state budgets.
Kolkata's creme de la creme turned up at the launch of Bandhan, The Making of a Bank, but the evening nevertheless had an informal touch typical of the young bank with CMD Chandra Shekhar Ghosh personally welcoming the dignitaries, reports Indrani Roy/Rediff.com.
'As his close associate Som Pal told me, "Mandal was never V P Singh's brainchild. It was a Janata Party commitment he inherited".' 'He would have done it anyway at some point, but the specific timing of his decision was dictated entirely by political exigency -- his government was threatened.' 'It also turned out to be a game changer in Indian politics.'
Finance Secretary Hasmukh Adhia vacates his post on November 30 and Expenditure Secretary Ajay Narayan Jha, the second seniormost bureaucrat in the finance ministry, retires on January 31, the day before Jaitley presents the 2019-20 interim budget.
A three-year validity of an inflation target is, perhaps, more reasonable and practicable.
'Even if your phone goes missing for 15 minutes, be warned.' With e-wallets playing a larger role in transactions, these precautions are a must.
'Hope they don't tinker around with capital gains tax in any way.'
The recent revelations come six years after another round of tapes stole the limelight.
The RBI cited lower-than-expected inflation, weak crude prices and weak demand, as well as the government's commitment to sticking to a fiscal deficit target as reasons.
Macro data have little connect with indicators on the ground.
December 2022 could be the last Christmas for Santha Bakery, a business drawing its lineage from the first Christmas cake baked in Kerala.
Many people struggle to claim or liquidate investments and insurance policies due to procedural issues.
Deepak Parekh, chairman of Housing Development Finance Corporation (HDFC), India's largest mortgage lender, says the exuberance in industry about the new government is justified but big ideas articulated by the prime minister need speedy implementation.
LIC is currently allowing customers to revive policies that have lapsed for more than two years.
Joydeep Ghosh takes stock of personal finances after the life-altering surprises of 2016.
Go for high quality and low-to-medium-duration funds in your debt portfolio
'The amount involved could as high as Rs 3,500 crore as there are a lot of depositors.' 'Yesterday, I met an investor who put in Rs 4 crore. That man doesn't have Rs 2,000 to spend on medicines.'
