Given Indian corporates's high indebtedness, new credit will be used for servicing loans rather than building factories. This is setting us up for more companies on life support and more zombie banks, warns Rahul Jacob.
In all, 37 central banks around the world have eased monetary policy so far this year to boost growth, fight deflation or both
The RBI has shelved its plan for polymer notes more than a decade after it invited interest from global manufacturers for one billion pieces of Rs 10 denomination polymer banknotes, reveals Tamal Bandyopadhyay.
Chinese Premier Premier Li Keqiang said world economic recovery should not be driven by mainly China, but in concert with many countries.
IMAGES from the English Premier League matches played on Wednesday.
The group has been encouraging people to sign a petition calling for the withdrawal of the notes as vegans and vegetarians continued to express outrage at the use of tallow, a substance derived from animal fat.
Announcing his resignation, the British PM said, "The British people have made a very clear decision to take a different path and as such I think the country requires fresh leadership to take it in this direction."
Manchester City needed a second-half penalty from striker Erling Haaland to break the resistance of a dogged Crystal Palace.
The United States has not received any request for help from India on its investigations into the Mumbai serial blasts, a State Department official said. "My understanding is that we did offer assistance, but it has not been formally requested. If that changes, we'll let you know," State Department spokesman Mark Toner said. White House Press Secretary Jay Carney had offered US assistance in the investigations of the July 13 Mumbai blasts that left 18 people dead.
Begin Again speaks to the viewer like few films have, says Paloma Sharma.
Royal Bank of Scotland and JP Morgan were also fined over attempts to rig currency benchmarks in a year-long probe that has put the largely unregulated $5 trillion-a-day market on a tighter leash, with dozens of dealers suspended or fired.
The annual talk-fest of rich and powerful from across the world in snow-laden Alpine resort town of Davos will be attended by nearly 40 heads of government among more than 2,500 global leaders from over 100 countries.
The UK has had a complex relationship and checkered history with the EU.
Those scheduled to attend the five-day WEF Annual meeting, beginning January 21, include more than 40 heads of state or government, including those from the UK, Australia, Japan, Iran, Israel, Pakistan, Brazil, Italy, Mauritius, Republic of Korea and Switzerland, WEF announced on Wednesday at a press conference in Geneva.
England coach Mark Sampson named an experienced squad on Monday for the women's World Cup in Canada.
Liverpool moved into the Champions League qualifying spots after a 3-0 win at Burnley on Wednesday took them above Leicester City and into fourth place with one round of Premier League matches remaining.
A staggering $18 trillion worth unaccounted money is stashed in tax havens.
The United Kingdom has voted by 51.9 per cent to 48.1 per cent to leave the European Union after 43 years in an historic referendum.
'You want a steady, confident, self-assured and highly skilful hand at the till. 'It is a pity that the BJP has decided to deprive itself of such a hand at this politically sensitive time.' 'It is like sacking your surgeon in the middle of your brain surgery,' says S Muralidharan.
The National Rifle Association aims to shoot down Vivek Murthy's Senate confirmation as United States Surgeon General, Aziz Haniffa reports
Prime Minister Manmohan Singh and United States President Barack Obama will meet in Washington on Thursday to chart a course for "future cooperation" in areas such as civil nuclear technology, trade, investment, defence and counter-terrorism, amid perceptions that bilateral strategic ties have plateaued.
A British teenager has completed an "amazing" 30,000-kilometer around-the-world cycling journey a trip believed to make him the youngest person to achieve this feat.
'It's not combat, but deliverance that dictates the action in Dunkirk,' notes Sukanya Verma.
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