Finance Minister Nirmala Sitharaman will present her second Budget a little more than a month from now. Like any other FM, Sitharaman will depend on her team of bureaucrats and advisors to frame and present the Budget.
The Bharatiya Janata Party regime will have to make good on this election slogan to restore state-owned banks to health, says Rajiv Lall.
The government has retained Arvind Subramanian as its chief economic advisor, unlike other American professors Dr Raghuram Rajan and Arvind Panagariya, who quit their jobs as RBI governor and NITI deputy chairman respectively.
.jpg)
Privatising public sector companies would have encountered significant opposition from their managers as well as from strong unions.
Further stimulus measures are expected in the upcoming Budget where the focus is likely to be on reforms, including some structural measures such as reducing red tape and boosting foreign direct investment. The meeting with industrialists is in the series of discussions that Modi has had during the last couple of weeks to seek suggestions to revive growth.
Air India stares at an operational loss of Rs 2,171 crore in 2014-15.
Bankers said high interest rate could make Indian economy sluggish given that inflation is around 5%
Could it have been more reformist? Of course, but this is an election year Budget, observes Akash Prakash.
Women's representation in government jobs is less than 15%.
Readers share their impressions of the man who will soon be India's prime minister.
Before taking such loans, compare the interest rates charged by various players, advises Sanjay Kumar Singh.
Nifty PSU Bank index gained 1% led by Allahabad Bank, Andhra Bank, Syndicate Bank and IDBI Bank
Within hours of rate cut announced by RBI, United Bank has reduced the benchmark lending rate by 0.25 per cent, while other banks including market leader SBI have indicated that they would follow suit.
The regulator typically meets overseas investors in the US and UK in the first half of a financial year, and had opted for a virtual meet last year too.
Tamil Nadu's finances most stressed, with gross fiscal deficit estimated at Rs 31,830 crore.
"Since the court has accepted that the scale of the tragedy was five times more than what the 1989 estimates held, therefore the amount of compensation should also be increased by five times," the victims say.
Analysts have started talking about at least a 25 bps cut immediately.
Mundra fills the vacancy created by the retirement of KC Chakrabarty in April, two months before his five-year tenure was come to an end.
The ministry of small-scale industries, in consultation with the Reserve Bank of India, was considering reducing prime lending rate (PLR) for the small-scale industry, especially the unorganised sector.
Banks have started organising silent demonstration in front of houses of defaulters.
United Bank of India and Andhra Bank employees start organising silent protests.
Stocks of companies having operations and exports to Europe were the top losers.
Sources in the government said the ordinance is being brought as it was found to be necessary to prevent future litigations against the government for junking Rs 500 and Rs 1,000 notes.
The banking sector is set to move at a fast pace from hereon.
Banks want lower provisioning burden on recast debt, interest on cash reserve ratio deposits.
He will be the first bureaucrat to head the central bank in almost five years.
The banking regulator is seeking an early exit mechanism for private banks under Prompt Corrective Action.
Jaitley said inflation has been under control for long and is likely to remain so on the back of good monsoon and unlikely spike in oil prices.
Rating agency ICRA said on Tuesday that a remarkable aspect of the Reserve Bank of India's Monetary and Credit Policy for the First Half of 2004-05 is its timing.
Concern is growing among healthcare experts who believe that if people do not follow the lockdown or social distancing seriously, the situation can quickly go out of control.
In line with the expectations of the Reserve Bank of India and the Union government, inflation dropped to 5.8 per cent after remaining over 6.0 per cent in the recent period
Stressing that economic growth will only move upwards, the Reserve Bank of India Governor Shaktikanta Das on Friday pegged the GDP growth rate for the next financial year at 10.5 per cent, though a tad lower than the government's projection of 11 per cent. The projection is in line with the estimates in the Union Budget 2021-22 presented in Parliament earlier this week. The Economic Survey, tabled by the government in Parliament recently, has projected that the economy will grow at 11 per cent, up from an estimated historic decline of 7.7 per cent in 2020-21, on account of the COVID-19 pandemic.
Gold loan is currently the fastest-growing loan category (among the various types disbursed to individuals). On February 26, 2021, the outstanding loan against gold jewellery stood at Rs 56,596 crore. By February 25, 2022, it had risen to Rs 71,408 crore, a year-on-year growth of 26.2 per cent, according to the Reserve Bank of India's (RBI's) data. Several factors are driving the demand for gold loans.
The reason behind issuing new bank licences is to allow more private sector entities to set up banks
India's upbeat outlook contrasts with neighbouring China, where growth slipped to 6.7 in the first quarter
Congress general secretary (communications) Jairam Ramesh said they will pose three questions a day to Prime Minister Narendra Modi over the issue.
The meet will focus on the recent global economic developments, challenges and collective measures to address them
PM has asked the Reserve Bank to prepare a 20-year road map for financial inclusion
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances