The FM could scrap the secrecy around tax rates.
'His past as a cricketer makes it difficult for the BJP to question his nationalism.' 'He gets away by ridiculing Modi while something similar from most Congress leaders does not resonate as much.'
SBI is the first major state-run bank to hike lending rates after short-term rates rose as a result of the Reserve Bank of India's liquidity tightening moves announced in July.
In his book, former governor Subbarao says Chidambaram, Pranab were piqued by his tight rate policy.
The finance minister chided the central bank on Tuesday over its focus on fighting inflation, saying the Reserve Bank of India (RBI) also needed to abide by the government policy to promote economic growth.
Sahil Kapoor of Edelweiss Retail Capital Market Research says that setting up a monetary policy committee should have been the first step. And the central bank could have moved towards a formal inflation targeting mechanism after the processes and data sets are in place.
A senior official with Muthoot Finance said the group would also want to apply for a universal licence.
Finance minister Arun Jaitley has delivered a Arun Jaitley delivered a bold, far sighted budget
The Bank Nifty is high beta anyhow and it could move the broader market.
The size of the hole in today's banking crisis appears to be roughly 10 per cent of GDP.
A government can't just take away public money, and the RBI can't extinguish its liability. 'The RBI has to honour the value any time a person with legal and taxed money lays claim on the value.'
On day 1, says retrospective taxation should be avoided; Sets up special investigation team to unearth black money.
Bharatiya Janata Party Rajya Sabha MP Nitin Gadkari, late BJP leader Pramod Mahajan's daughter Poonam, former Maharashtra Deputy Chief Minister Vijaysinh Mohite Patil are a few of the 29 new entrants to the 16th Lok Sabha among the 48 MPs from Maharashtra.
'Varanasi has seen elections for ages, but this one is different. Different, in the sense, that it is like an invasion.'
'Nitish Kumar thinks the matter will keep Lalu in check and that he will remain in power without any challenge from the RJD.'
A Bank Investment Company to act as a holding company for state-owned banks would go a long way in minimising government interference and improving governance.
Lending rates in certain segments may be increased; fixed depositors may lock into existing rates.
The second half of June could be driven more or less by technical factors triggered by news flow from Greece, the US Federal Reserve and the monsoon. The technical picture seems bearish as of now, says Devangshu Datta.
Also keenly watching inflation numbers, with wholesale inflation data expected today
Traders are waiting for the earnings season to kick off.
The Reserve Bank of India is not a free agent. It never has been, nor should it ever be.
For the first time, PSU banks will have a non-executive chairman, giving operational responsibility to managing director and chief executive officer.
RBI must balance the need for improving domestic bank credit demand and respond to lower inflation.
'The Reserve Bank's independence has remained a work in progress, an enduring challenge that the nation has been grappling with on an ongoing basis,' says RBI Deputy Governor Dr Viral Acharya.
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The ball is now in the Reserve Bank of India's court to lift up demand, says Ajay S Shriram.
The 30-share Sensex jumped 729 points to end at 28,076 and the 50-share Nifty soared 217 points to end at 8,494.
The new series claims GDP grew at seven per cent between April and June 2015, while gross value added (GVA) grew at 7.1 per cent.
Chidambaram promises to maintain fiscal discipline; admits inflation is an issue.
Says licensing of new banks should be a continuous process instead of the current stop-go system
Income will be higher as spectrum in 2,100-MHz band will also be auctioned
The Modi PMO is like none other: It is staffed by people who are so low profile that the only dominant personality is the Prime Minister's.
The government stuck to its decision not to name any manager for 23 out of the 28 disciplines in which India are taking part in the upcoming Asian Games even though the Indian Olympic Association and National Sports Federations slammed the move.
'I hope the anger that Gujarat farmers have demonstrated is also reflected in other parts of the country in ensuing elections.' 'Only then will the ruling parties accept that something is terribly going wrong in the hinterland.'
'The execution has been 100 per cent faulty.' 'The scheme is also a stupid one, a real Tuglaq Darbar scheme.' 'This way of attacking black money is the most ineffective one.'
China's slowing means commodity markets are no longer overheated.
The finance ministry has put out a revised draft in public domain.
We're behaving like frogs in warm water. We swim around untroubled, cooled by our faith in Indian liberal democracy. We are blind to the bubbles popping around us, the bubbles warning of fundamental changes, says Mihir S Sharma.
Addressing bankers and economists at Bancon 2013, a flagship event of the Indian Banks' Association, Chidambaram told the lenders to deal firmly with wilful defaulters, but handhold those who are reeling under the impact of the economic slowdown.
The government has opted for the RuPay debit card over the Aadhaar-based platform for "last-mile" authentication in its Pradhan Mantri Jan Dhan Yojana.
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