The Central Bureau of Investigation has taken over the probe into the murder of Hanif Kadawala, an accused in the 1993 Mumbai blasts case who gave an AK-56 rifle to actor Sanjay Dutt, and registered a case against gangster Chhota Rajan and his accomplices in this regard.
RBI has kept interest rate unchanged at 8 per cent since January
The decisive election victory for the Narendra Modi-led National Democratic Alliance has created a conducive environment for policy actions and should help in economic recovery, Reserve Bank of India Governor Raghuram Rajan said on Tuesday.
By March 28, the reserves rose by a whopping $5.038 billion to $303.673 billion, the second highest in the fiscal.
Calls for a rethink on why some sectors should get more easy credit than others
There is little scope for significant monetary easing even in the next fiscal year.
Underworld don Chhota Rajan's aide Rohit Thangappan, who was behind bars for the murder of senior scribe Jyotirmoy Dey, was on Wednesday arrested in connection with a firing case involving a hotelier, two days after a local court sought his production, the police said.
His team has projected a higher growth of 6.1-6.7 per cent in the next fiscal.
The policy will be presented in the backdrop of rising inflation.
Special Judge A L Pansare allowed CBI's plea seeking nod to question the 54-year-old crime boss for 10 days starting January 27 before adjourning the case till February 5.
he feels they are prone to misuse by borrowers, including farmers, and suggested a rate ceiling for loans by micro finance lenders.
He called on developed countries to play their part in restoring international monetary cooperation.
The government-appointed Financial Sector Legislative Reforms Commission (FSLRC) has recommended a slew of reforms to overhaul the sector.
The government's step to curtail fiscal deficit is helping the central bank's monetary policy, Rajan said.
The convertibility is RBI Governor's 'next big ambitious goal'.
Says impact of crisis in China won't be as big here as in some other countries
RBI could opt for a 'deep cut' after winning inflation war, say experts.
The Enforcement Directorate has filed its first charge sheet in connection with its money laundering probe against Chinese smartphone maker Vivo-India and some others, official sources said on Thursday. The prosecution complaint was filed before the court of Special Judge Kiran Gupta in New Delhi on Wednesday under the criminal sections of the Prevention of Money Laundering Act and Vivo-India has been named an accused apart from those arrested in this case, the sources told PTI. The judge posted the matter for consideration on December 13.
Swamy now wants Arvind Subramanian, one of the front runners for the post of the new RBI governor to be sacked.
According to report by Dun and Bradstreet, central bank expected to maintain status quo on policy rate.
"The issue in Iraq is still an area of uncertainty.
Karnataka State Disaster Management Authority Commissioner Manoj Rajan said, 'We have got a message that a group of 31 people hailing from Karnataka are stranded in Sudan. We have informed the Ministry of External Affairs about it.'
RBI Governor Raghuram Rajan, who today surprised markets with a rate hike, defended the move saying a rate cut would not have impacted either banks or borrowers and that bringing down retail prices is the key to sustainable growth.
The remarks come amid speculation that Rajan had feared elimination at the hands of Chhota Shakeel, the closest aide of underworld don Dawood Ibrahim.
The fresh batch of evacuees arrived in Bengaluru, a day after 365 people returned from the African country to Delhi.
"My remarks are motivated by the desire for a more stable international system, a system that works equally for rich and poor, large and small, and not the specifics of our situation," Raghuram G Rajan, Governor, Reserve Bank of India said at the Brookings Institution on April 10, 2014.
Rate cuts are a natural consequence that the RBI has no hesitancy in delivering.
Reserve Bank of India (RBI) Governor Raghuram Rajan's decision to cut rates last week surprised even top officials.
The Supreme Court decision to cancel the allocation of 214 coal blocks will have bearing on thermal power plants, in which the banks have put in more than Rs 1 lakh crore (Rs 1 trillion) as loans.
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The truth is the government and the Reserve Bank enjoy a free, frank and cordial relationship.
Mallya, whose Kingfisher Airlines owes money to several banks, had on Thursday said he will challenge UBI's decision to declare him a willful defaulter.
A court in New Delhi on Friday extended by three days the ED custody of four people arrested in a money laundering case against Chinese smart phone maker Vivo, including the managing director of Lava International mobile company and a Chinese national. The four accused were produced before Additional Sessions Judge Devender Kumar Jangala on completion of their three-day ED custody. On Friday, the agency moved four separate applications seeking extension of their custody by 10 days but the court granted it only three more days for custodial interrogation of the accused.
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The year-end should not be a time for any spectacular changes in the banking system and must pass smoothly, Rajan told reporters after announcing the bi-monthly monetary policy, which left key policy rates unchanged.
The agency says that it is exempted from the Right to Information Act.
Media has gone beyond its traditional boundaries.
He endorsed transparency and financial stability in addition to issues related to inclusive growth and development, write Puran Singh and Nupur Pavan Bang.
The SET's findings have now been taken on record by the Central Bureau of Investigation which recently raided the 2008-batch Indian Revenue Service officer after it filed an FIR against him for corruption and alleged violation of rules in the raids that took place at the Cordelia cruise berthed at the Mumbai coast on October 2, 2021.
Raghuram Rajan panel report has made a case for ending the 'special category' criteria.
India is better prepared to deal with any further US Fed tapering, but the country needs to remain vigilant to face eventualities, Reserve Bank Governor Raghuram Rajan said.
Over to the government how they manage the uncertainty of monsoon and revive spending in order to entice RBI for another round of rate cuts
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