'The temptation of governments, to have a finger in the RBI pie will be just too great to resist, unless extensive amendments are carried out in the RBI Act treating it almost as the fourth branch of the government.'
A study conducted by CBRS reveals there are abundant homes lying vacant in urban India.
Firms that should borrow abroad do not do so enough, and those that should not borrow abroad do.
Glimpses of I-Day celebrations across India.
Issues Rs 358 crore interim dividend, 1:10 bonus and 10:1 split
The move will to a large extent speed up the monetary transmission process--which is banks passing on the rate cuts that the Reserve Bank announces to their borrowers without much delays--something that has been missing all these while and something that the RBI has been unhappy with.
The research found that 50% of the people were receiving either nothing or less cash than they were entitled in lieu of the subsidised grains that were stopped under the pilots starting from September 2015 till May 2016.
The Sensex has slid 18.5 per cent from its January 2015 peak.
The appeals came against orders of the Central Information Commissioner in various cases.
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Bigger and broader indices do relatively poorly as investors get selective; experts see opportunity if scrips chosen with care.
'If the RSS should be saluted for choosing such a scholarly statesman to address its highly trained cadre, one must also praise Pranab Da's sagacity for having gracefully accepting the invitation, thus disapproving any ideological apartheid,' says former BJP MP Tarun Vijay.
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.
Vajpayee had always felt that India must act with conviction and panache. He decided that, irrespective of the attendant risks, he would undertake what many felt was a precarious course. A fascinating excerpt from N K Singh's Portraits Of Power: Half A Century Of Being At Ringside on Atalji's 96th birthday, December 25.
'It can't be a coincidence that he and his family, uncles and all, vanished from India only days before the scam was discovered.'
'The government should refrain from 'adventurism' and 'megalomania'.' 'But this should be true of reckless government action against every Indian, whether or not they are wealthy or have access to the finance minister even when he is in hospital,' says Aakar Patel.
'Both India and Japan can find themselves in a win-win situation if they draw some lessons from each other's strengths,' says Dr Rajaram Panda.
Shaktikanta Das said in Washington, DC, that there was nothing sacrosanct about the 25 bps rate cut and that monetary policy could be well served by calibrating the size of the policy rate to the dynamics of the situation, and the size of the change itself could convey the stance of policy.
Hard and unpopular decisions are needed - not just another round of financial repackaging to sort out the discom mess.
The Union Cabinet on Thursday night gave the go-ahead for the creation of a 10-district Telangana and outlined the blueprint for carving out the country's 29th state from the current Andhra Pradesh.
Will Arundhati Bhattacharya be the RBI's first woman governor? Or will Urjit Patel succeed Raghuram Rajanas RBI governor when his term ends on September 4?
All India needs to do is focus on making its business environment more friendly.
Satya Nadella is the highest-paid CEO in the US. So how do the other Indian-American executives fare?
Smart City Mission has unleashed an unprecedented enthusiasm and expectations both within and outside the country.
Modi government has to come up with a robust economic agenda to impress the masses.
Government's financial inclusion mission is well intentioned, but it may be putting a severe strain on the banking sector.
HRD Minister Smriti Irani is likely to be the target of Opposition attack in Parliament where Rahul Gandhi will lead the Congress charge against the government on Tuesday.
Banks Board Bureau chief Vinod Rai has proposed performance-linked incentives for bank employees, but the staff unions are dead against the idea.
A new framework has been put in place for automatic exchange of information between Switzerland and India to help check the black money menace with effect from January 1, 2018. The funds held by Indians through fiduciaries alone used to be in billions till 2007 but began falling after that amid fears of regulatory crackdown. It is now at second-lowest level in 20 years.
'...Unless we muck up our policies.' 'We have to become a modernised economy.' 'Our institutions should be stronger. And that is most important.' 'The rule of law should prevail and contracts should be enforced.' 'Above all, we have to recognise the importance of globalisation.' 'It is in our favour at this stage. We should grow and become globally competitive.'
Lenders can now review a borrower account within 30 days of default. Earlier, the banks had to start resolution within one day of default.
'While we may aspire to be a democratic if smaller version of China, we may only manage to become a larger, more accomplished Indonesia,' says T N Ninan.
I-T returns data show 83% of the Congress' and 65% of the BJP's total income was from anonymous benefactors.
Benchmark indices gain 30% this year, buoyed by global liquidity, new government
Quarterly results of many of these banks show significant losses.
The Tata empire turns 150 this year. R Gopalakrishnan, former director, Tata Sons Ltd, imagines a conversation among the group's founder Jamsetji, his son Dorabji, his successor, Nowroji Saklatwala, and his successor, J R D Tata.
The payroll estimates, released by the EPFO based on its enrolment, threw up some contrasting trend between September 2017 and February 2018.
On the revenue front, the finance ministry was expecting higher proceeds from non-tax revenue.
But much depends on govt action & global economy; Sensex gains in 2070 the biggest in five years
Modi knew in his heart that India does not have the financial muscle to support the new bank with offers of co-financing international projects, something China can do from the bank's base in Shanghai. If established in Mumbai, it may have employed a few Indian bankers and satisfied the national ego but there was little financial value to be drawn from it.
The prime minister and the Chinese president walked along the banks of East Lake and also took a boat ride together as they decided to step up their personal rapport.
