The Bharatiya Janata Party's first list of 24 candidates for Lok Sabha from Madhya Pradesh featured former chief minister Shivraj Singh Chouhan and Union minister Jyotiraditya Scindia, while Bhopal MP Pragya Singh Thakur was replaced by another candidate.
In a meeting with Reserve Bank of India Deputy Governor Rakesh Mohan on Monday, bankers expressed concerns that interest rates had not shown signs of softening despite ample liquidity and overnight rates being at close to 1 per cent levels.
Investors should invest in small saving schemes at present levels; these investments will fetch them attractive rates and be insulated against future changes.
If instead of appreciating the nominal exchange rate it is devalued, the price level will rise
Asian Development Bank and Reserve Bank on Thursday advocated that India should go in for a free trade agreement with China and five other nations in the Mekong region to sustain high growth.
The board will now be headed by Vinod Kumar Yadav as chairman and CEO, and it will have four other members.
The Reserve Bank of India is closely monitoring liquidity to decide whether it needs to take fresh measures to absorb excess funds from the banking system, the central bank's deputy governor said on Saturday.
The Bank Economists' Conference -- the most important event in Indian banking -- gets underway in Bangalore on Friday.
The two mulled over the rising inflation as international crude prices continue to soar and monsoon remains erratic.
The Reserve Bank of India is looking at either removing or relaxing limits on the quantum of electronic fund transfer and electronic clearing system transactions to facilitate introduction of T+1 settlement system in the capital market.
Public Provident Fund should be phased out over a period of time after the introduction of the new pension scheme proposed by the government, the interim Pension Fund Regulatory and Development Authority chairman D Swarup said on Saturday.
The Reserve Bank of India has convened a meeting of bank chairmen and managing directors on September 16 to discuss ways to formulate the benchmark prime lending rate, which is expected to be introduced by this month-end.
Rajan was expected to join the search committee to appoint three external members of a new six-member RBI Monetary Policy Committee
World Bank President James D Wolfensohn on Friday called on Prime Minister Manmohan Singh at his residence as he wrapped up his 3-day visit to India.
With inflation reaching new highs, the Reserve Bank of India on Saturday said it will take 'measured' steps to contain the rise in price level and the spurt in the yields of government papers will not impact the Centre's borrowing.
Rejecting its own Bank Rate as the benchmark for returns on small savings, budgeted at Rs 165,000 crore (Rs 1,650 billion) this year, an RBI panel has said the rate was administered and did not convey the right signals on the current interest rate.
With expectations of a significant rise in savings rate and share of working population over next 50 years in India, the current phenomenon of overall surplus in balance of payments may not be a temporary one, RBI deputy governor Rakesh Mohan said.
At the Silkyara tunnel in Uttarkashi, at least 12 experts have been called by Trenchless Engineering Services Private Limited and Navayuga Engineers Private limited for applying the rat-hole mining technique horizontally in the collapsed part of the main structure.
A bill to amend Banking Regulation Act, which will enable RBI to lower the mandatory limits on statutory liquidity ratio for commercial banks, will be introduced in Parliament soon.
A possible US-led war against oil-rich Iraq would have a limited impact on India's inflation, the Reserve Bank of India's deputy governor Rakesh Mohan said on Thursday.
The Reserve Bank of India has no plans to cut the short-term repo rate for some time, a senior central bank official said on Thursday.
The central bank deputy chief said on Monday that the monetary authorities were unlikely to lower the repo rate from the current five per cent for quite some time.\n\n\n\n
RBI Deputy Governor Rakesh Mohan said drastic reduction in subsidies on power, railways and water supply in urban areas is needed to maintain a steady 8 to 8.50 per cent growth.
Rakesh Ranjan reveals how his mother Samita Ghosh braved difficult odds to teach students in a small school in Bihar.
Producer Madhu Mantena got married to yoga guru and Rediff.com Contributor Ira Trivedi on June 11 in Mumbai, and threw a star-studded reception to celebrate with their friends.
'This is clearly a much stronger government, a much strong Prime Minister's Office and a much more disciplined approach. There is an improvement of the work culture in the government -- people don't play golf in the mornings anymore. There is a huge attempt going on to making business easier,' says Rakesh Mohan, executive director at the IMF.
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