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The Congress led UDF government in Kerala has asked Prime Minister Manmohan Singh to reject the Raghuram Rajan panel report evolving new formula for devolution of funds to states.
The comments assume importance as the traditional position of the central bank has been not to set a forex reserves target.
Rupee, he said, is not in shambles and "we should not be overtly pessimistic".
The NPA of the public sector banks rose to 6.03% as of June 2015.
A Delhi court on Friday directed the Central Bureau of Investigation to consider the plea of underworld don Chhota Rajan's sisters, who sought its permission to meet their brother currently in the probe agency's custody, on the occasion of 'Bhai Dooj', saying they have not met him for the past 27 years and wanted to bless him.
Sunrisers Hyderabad will look to unleash their brute batting power on struggling Royal Challengers Bengaluru when the two teams face off in their return-leg fixture of the IPL in Hyderabad on Thursday.
The exercise will continue till 6 pm in all the polling stations except those in Maoist-affected areas of Balaghat, Mandla and Dindori districts where it ended at 3 pm, an official said.
If Mr Rajan's citizenship is considered relevant for heading an organisation that issues sovereign currency, should the provenance of a participant in a critical function of a sovereign democracy not count as well?
'From where prime ministers sit, it makes no difference at all who occupies the governor's post.' 'Literally anyone with a decent education or work experience can be appointed to the job, which is basically a managerial one with little room for manoeuvre,' says T C A Srinivasa-Raghavan.
The Maharashtra government's decision to hand over all the cases against underworld don Chhota Rajan to the Central Bureau of Investigation has not gone down well with the Mumbai Police with several senior officials criticising the move stating that it has raised doubts over their ability.
A RBI constituted panel on financial inclusion headed by Nachiket Mor had recommended the setting up of the payments banks in order to deepen access to finance.
A day after the Reserve Bank of India's monetary policy review, the RBI Governor talked to journalists on related issues.
To provide exporters/importers greater flexibility in risk management, RBI enhanced the limit available to exporters to 50 per cent
Rajan, a professor at the University of Chicago, said if the money raised by the government was not spent, it could result in inflationary pressures, pushing up real interest rates. The problem could get aggravated if foreign capital flows rose, said Rajan, who was in Mumbai to deliver a lecture.
Yash Dhull was on Monday removed as Delhi captain, hours after the team suffered a heavy defeat against Puducherry in their Ranji Trophy opening match.
Rajan also reiterated his view on the growth rate being inextricably linked with curbing inflation.
Ranbir and Shraddha's playful chemistry is to watch out for in Luv Rajan's rom-com, predicts Namrata Thakker.
RCB on paper look like a team that can make it to the playoffs and with Dinesh Karthik playing his last IPL, Faf turning 40 and Kohli and Maxwell in their mid-thirties, the Challengers will be determined to win it for the veterans of the team.
Indian family-run business houses have in recent years seen ugly public spats between owners over control. But metals-to-ports conglomerate Essar's Ruia family seems to be an exception. Three generations of the Ruia family - founder brother Shashi and Ravi Ruia, their children and grandchildren - continue to live under one roof and jointly run the business empire.
The Mumbai police on Monday claimed to have cracked the murder case of Mid Day crime reporter Joyobroto Dey, and arrested seven Chota Rajan gangsters who reportedly orchestrated the crime. But the police is still curiously silent over the motive, reports Toral Varia.
Nina Pillai, in her petition, had alleged that the mandatory medical examination of her husband was not conducted at Tihar for even two days after his arrest.
The Maharashtra government for the first time has revealed the 'real motive' behind ace crime reporter Jyotirmoy Dey being killed by gangsters on the orders of underworld don Chhota Rajan.
