The resignation is sure to create more political firestorms for the government as it comes on the eve of the winter session of Parliament where the Opposition has already made it clear to the treasury benches that infringing on the RBI autonomy would be a big talking point for them.
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'We get to know secrets such as some of India's top-rated firms do not always make payments when due and many State-owned, listed, enterprises that borrow in bond markets default regularly.' 'Without naming the bank, he says that ever-greening of poor loans by a part of India's shadow banking lay at the doorstep of India's banking, notably 'one private bank'.' Viral Acharya's Quest for Restoring Financial Stability in India won't be music to many ears, observes Tamal Bandyopadhyay.
'Rather than cutting and pasting from advanced economies, we should use basic economic principles to think about what is right for India at the stage of development at which we are,' says Chief Economic Advisor Krishnamurthy Subramanian.
A 7-hr debate was held over the contentious bill. Oppn amendments rejected.
A time has thus come when state encouragement for rural students led to empowerment of the socio-economically marginalised sections of the population. It included women. Today, with greater exposure and consequent enlightenment, it has gone beyond 'empowerment' to become 'entitlement', says N Sathiya Moorthy.
The two Houses were adjourned for the day amid sparring between the treasury and the opposition benches on the issue.
Various opposition parties like the Congress, the Trinamool Congress, the Dravida Munnetra Kazhagam, the Nationalist Congress Party, the Rashtriya Janata Dal, the Communist Party of India, and the Communist Party of India-Marxist raised vociferous protests in the upper house while opposing the resolution and the bill.
The confiscation of properties of JuD and FIF comes after Pakistan formally placed them in the list of banned organisations on Tuesday.
In a hard-hitting attack on Bharatiya Janata Party's prime ministerial hopeful Narendra Modi on his home turf, Rahul Gandhi on Tuesday accused his government of "stealing" farmers' land and charged the BJP with appropriating credit for schemes launched by the Congress-led United Progressive Alliance.
The Street had factored in the NDA win, owing to which the appreciation in the rupee is expected to be limited
The RBI governor's assurance should give investors enough confidence to start believing in the NBFC sector again, say bankers.
HRD Minister Smriti Irani was again in the line of fire in the Lok Sabha with opposition members forcing Speaker Sumitra Mahajan to allow them to speak on their notice for the privilege motion against the minister.
When Modi's name was called out by the Secretary General for taking oath, Members from the ruling National Democratic Alliance thumped the desk greeting the Prime Minister with slogans such as 'Modi Modi' and 'Bharat Mata ki Jai'.
The Congress president questioned the government over unfulfilled promises and questioned the Rafale deal.
The federal government uses a fiscal year that begins in October; on that basis, the 2014 fiscal year ended in September saw a deficit of $483 billion, the lowest of Barack Obama's presidency
The two Houses would now meet on December 27 as there would be no sitting on December 24 and December 26 in view of Christmas.
The issue of conversion of some Muslims in Agra rocked the Lok Sabha for the second day on Thursday with opposition members creating uproar and demanding immediate discussion on the matter, which they said could have grave consequences like causing riots.
It is clear Modi wants to establish a direct hotline with the bureaucracy, bypassing the ministers, just like in Gujarat where the bureaucracy ran the show and the babus were given a free hand to take decisions.
'An era of fiscal pessimism is setting in, which, if not countered intellectually, is going to have the same effect as export pessimism has had,' notes T C A Srinivasa Raghavan.
China on Thursday said it was in "close" contact with India over its efforts to put Masood Azhar on the United Nations list of proscribed terrorists, as it expressed willingness to step up bilateral counter-terrorism cooperation in response to President Pranab Mukherjee's call.
Pak can only access the money if it does more to crack down on internal terror networks launching attacks on neighbouring Afghanistan.
Mattis said the Trump administration is being very clear and firm in what it expects from Pakistan.
If the interest rate on bank deposits is linked to any external benchmark, it would jeopardise the banks' fund-raising ability. Interest rates on small savings schemes are likely to be reduced very shortly, to maintain parity. All these steps would indeed affect retired people, and particularly those dependent on interest income, says Arindam Gupta.
He said that the government was willing to listen to the complaints and suggestions different parties have over the execution of the demonetisation move.
Led by Ajay Shriram, chairman and senior managing director, DCM Shriram, the CEO's delegation seeks to convey to their American counterparts the sense of optimism amongst Indian industry.
The United States will soon impose more sanctions on Syria in response to a chemical attack blamed on President Bashar al-Assad's regime after an "overwhelming" successful military operation, the Trump administration officials said on Saturday.
The lower house has been witnessing daily disruptions since the winter session began last week. It had passed a bill on transgender rights on Monday.
Britain's outgoing Prime Minister David Cameron on Wednesday asked opposition Labour party's embattled leader Jeremy Corbyn to step down in the national interest, saying "for heaven's sake man, go".
While the Trump administration wants India to lower the trade barriers and embrace "fair and reciprocal" trade, India has raised tariffs on 28 items exported from the US in retaliation to America's withdrawal of preferential access for Indian products.
Party sources said the UP CM was "upset" over sacking on Friday of his two close aides -- Sunil Yadav alias Sajan and Anand Bhadauria.
The BSE Sensex spurted 130.00 points to end at 35,980.93, while the broader NSE Nifty advanced 30.35 points to 10,802.15.
The Zero Hour saw members from opposition and treasury benches coming together to condemn Justice Katju's remarks in his blog with the entire House later unanimously adopting a resolution by a voice vote.
And why markets could give up 25 per cent of all these gains made since March 2020
"My family reputation kept me a silent spectator, as I mutely watched the organisation I founded come to a point where it was publicly auctioned; where my family and myself have been stripped of our legacy, our finances and my personal credibility."
ICICI Bank on Sunday said there is also enough space for Chinese banks to play a complementing role in the India.
'We have seen in India that radical ideology has by and large not been successful in taking root.'
The board rejected the government's plea to extend his detention for another 3 months.
Speaker Om Birla he will hold a meeting with leaders of all parties and then take a decision.
The move of the Tamil Nadu government to release seven convicts in the Rajiv Gandhi assassination case generated heat in Lok Sabha on Thursday with Congress and AIADMK members clashing on the issue.
