'To the believers of crypto regulations, I have only one question to ask, how will you regulate it?'
One of the reasons why the TMC decided not to demand a JPC is that the chairperson and most of its members would be from the BJP, he said, adding JPC means putting the issue under the carpet.
'Earlier in my career DGs were nearly 100 per cent honest.' 'By the time I retired, many DGs have not been honest.' 'One DG asking me to go and meet a home minister whom everybody knew is a corrupt guy.' '
Believe it or not, the regulator is even stretching its arm to identify stressed borrowers and gauge the 'distance to default' as a measure of a particular bank's fragility, reveals Tamal Bandyopadhyay.
Bharatiya Janata Party leader Sumitra Mahajan will be appointed Speaker of the 16th Lok Sabha on Friday. Other key parliamentary posts like that of Leader of Opposition, deputy Speaker, chairman of the Public Accounts Committee and head of the all-important standing committee on finance will be keenly contested.
Minister of State for Defence Ajay Bhatt said the major defence equipment that were imported included helicopters, aircraft radars, rockets, guns, assault rifles, missiles and ammunition.
Tharoor said people have incurred losses after their money which was invested in LIC, SBI was put by the government "in its friend's account".
Vempati previously worked with Infosys and now heads an online media company.
The speed at which he led the central bank in different areas -- ranging from internal reorganisation to inflation fighting, stabilising the currency, taking on rogue corporations, cleaning up bank balance sheets, and opening the sector -- makes one believe that Rajan knew he had only three years to do his job. A fascinating excerpt from Tamal Bandyopadhyay's MUST-READ Roller Coaster: An Affair with Banking.
Embattled billionaire Gautam Adani on Thursday spoke publicly for the first time since his ports-to-energy conglomerate publicly battled a short seller's accusation of stock manipulation and accounting fraud, saying the abrupt move to withdraw a fully-subscribed share sale at his flagship firm was due to market volatility. His group continued to lose on the stock market, with the cumulative rout now nearing $108 billion in a week -- one of the biggest wipeouts in India's history. "After a fully subscribed follow-on public offering (of Adani Enterprises Ltd), yesterday's decision of its withdrawal would have surprised many.
Lack of decisiveness and courage to deal with PSBs may turn out be the biggest impediment to the Modi government's economic initiatives, says Debashis Basu.
The Wrestling Federation of India (WFI) has rejected all the allegations, including that of sexual harassment against its president Brij Bhushan Sharan Singh.
The Union Cabinet and its committees have been given a new 'mantra' by President Pratibha Patil and asked to clear every proposal only after ensuring that it meets the requisites of equity or inclusiveness, innovation and public accountability.The Cabinet Secretariat has shot out a 'secret' demi official letter to all secretaries in the government, citing the President's diktat.
The Centre has to bear the maximum burden of borrowing NSSF loans to the tune of Rs 1 lakh crore.
The recovery notice issued by the Directorate of Information and Publicity (DIP) also includes the interest on the amount and makes it mandatory for the ruling party in Delhi to pay the whole amount within 10 days, the sources said.
'By design or default, the BJP's election strategy militated against the very essence of Karnataka politics and the idea of Karnataka.'
Law Minister Kiren Rijiju on Saturday invoked the constitutional 'Lakshman Rekha' guiding different institutions, including the executive and the judiciary, and wondered that if judges become part of administrative appointments, who would carry out judicial work.
Expressing concern over the huge losses, the Standing Committee on Railways has asked the authorities to look into the specific reasons for substantial losses and initiate urgent steps to improve their functioning without imposing additional financial burden on travelling public.
The audit is under progress and the report is yet to be finalised. The information cannot be given under Section 8(1)(C) of the RTI Act as the disclosure would cause breach of Parliament, the CAG said.
The Supreme Court Monday rued the 'general practice' of speakers delaying decisions on pleas seeking disqualification of lawmakers and the subsequent arguments that courts should 'stay away,' while hoping that the West Bengal assembly speaker would decide on such a plea against Mukul Roy who defected to the Trinamool Congress from the Bharatiya Janata Party after the state polls.
Delhi Lieutenant Governor V K Saxena has directed the chief secretary to recover Rs 97 crore from the Aam Aadmi Party for political advertisements it published in the guise of government advertisements, official sources said.
However, official sources said the Assam Rifles -- a border guarding force -- primary mandate or task is not drug law enforcement.
Hours before a planned mass burial of Kuki-Zomi people killed in Manipur's ethnic violence, the state's high court on Thursday ordered that status quo be maintained at the proposed burial site in Churachandpur district, while ITLF, an apex tribal body also said it was postponing burial service plans following requests from the Union home minister.
Thomas Bach has called on Ukraine to drop threats of a boycott of the 2024 Olympics over the participation of Russian and Belarusian athletes.
Congress leader Sachin Pilot on Friday stressed that the party would fight the Rajasthan assembly polls "unitedly" and said that a decision on who would lead the next government would be taken by the high command after consultations with the newly-elected MLAs.
While the Congress is in power in Rajasthan and Chhattisgarh, Madhya Pradesh is ruled by the Bharatiya Janata Party, Telangana by the Bharat Rashtra Samithi and Mizoram by the Mizo National Front.
The entire operation was meant to have a chilling effect on independent journalists, those not completely subservient to the regime, the small section still doing what the Fourth Estate should do -- raising questions to those in power.
Quarterly results of many of these banks show significant losses.
From FY18, Ind-AS will be mandatory for all listed entities, barring those listed on the SME platform.
With the Board of Control for Cricket in India's image taking a beating in the wake of Bombay High Court declaring its IPL spot-fixing probe "illegal and unconstitutional", Sports Minister Jitendra Singh advised the BCCI to work towards "restoring the trust" of the fans.
The Rajya Sabha on Wednesday passed the Digital Personal Data Protection Bill 2023 by voice vote following a walkout by opposition members over the Manipur issue.
The standing committee on water resources, tabled in Lok Sabha, said only Manipur, Rajasthan and Uttarakhand and erstwhile state of Jammu & Kashmir had enacted legislation, though delineation and demarcation of flood plains are yet to be undertaken.
As many as 11 Lok Sabha MPs of the Congress have written to Speaker Om Birla against the "unethical conduct" of BJP parliamentarians Rajyavardhan Singh Rathore, Subrat Pathak and Bhola Singh of sharing a distorted and fake video of Rahul Gandhi that could pose a threat to the country's social fabric and demanded swift intervention.
The Japanese Olympic Committee on Wednesday established a team to investigate whether any illegal payments were made during its successful bid for the Tokyo 2020 Olympics.
'...by directing these draconian provisions against political and ideological opponents of the ruling group, minorities, and those who dare to dissent through and selective prosecution and prolonged incarceration as undertrials.'
The target was for banks to sell Rs 2 trillion worth of non-performing assets to NARCL, the so-called 'bad bank, by 2021-2022. Only 10 per cent of this has been executed.
Kolkata trams -- now in their 150th year -- are the last to survive modernity in Indian cities, writes Ishita Ayan Dutt.
A Parliamentary panel on Monday rapped the defence ministry and the Maharashtra government on the Adarsh Housing Society scam, saying there was "monumental failure" at all levels of governance with certain officials abusing their position.
With regulatory uncertainties clouding the future of online pharmacies, deals in the space are showing signs of slowdown, as also fresh investment from private-equity (PE) firms and venture capitalists (VCs). The data from Venture Intelligence shows so far in 2023 (as of June 13) there has been one deal with PE-VC funding. In 2022 there were four, a sharp fall from the 12, totalling $1,520 million, the sector had attracted in 2021.
A parliamentary panel has rapped the Defence ministry and the Maharashtra government for "monumental failure" at all levels of governance with certain officials abusing their position leading to the Adarsh Housing Society scam.
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