After two surprising, successive rate cuts in January and February 2015, RBI governor Raghuram Rajan decided not to reduce them further in his first policy announcement in the new financial year. Is he playing spoilsport for consumers of homes and cars?
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'One of R&AW's greatest achievements is in projecting itself as benign.' 'This work -- done in tandem with the Diaspora and the MEA -- sells a story of India as mostly the victim.'
Chinese President Xi Jinping arrived in Ahmedabad on Wednesday to a grand welcome. He is India on a three-day visit which will focus on significantly ramping up trade and investment, besides addressing the contentious border issue that has seen occasional flare ups between the two Asian giants.
All evidence suggests that the US Federal Reserve will raise interest rates soon.
The judge, during arguments, said it was "blindingly obvious" that "rules were broken by the bank" and that they had "gone against their own guidelines" in extending a loan to the business tycoon's now defunct Kingfisher Airlines.
It is intriguing that the CBI has shown little interest in the most scandalous and biggest collective investment scheme ever, from the Sahara group, asserts Debashis Basu.
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A three-judge bench presided by Chief Justice Ranjan Gogoi and comprising of Justice Sanjay Kishan Kaul and K M Joseph said that it was not their job to go into the issue of pricing of the fighter planes.
'The Modi government needs some big private sector trophies to affirm its anti-corruption credentials before the polls.' 'So on whose neck will the sword fall next?' 'To that extent, the outing of the ICICI Bank-Videocon story is cathartic,' says Shekhar Gupta.
'We have to find a way out of this confrontational politics.'
RBI says haste in easing norms for banks harmful to economy.
The sad truth is that the debt-to-GDP ratio will shoot up close to 90 per cent in the coming year, and the fiscal deficit glide path does not promise to reduce it substantially any time soon, predicts Mihir S Sharma.
RBI would alert banks to exercise caution on their exposure to the real estate sector according to the process usually followed, sources said.
There will be uncertainty about outcomes,but one must hope for the best, observes T N Ninan.
Apart from cotton, copper, petroleum and industrial machinery, India does not export much to China. This means that India buys six times the merchandise it sells to China, points out Abhishek Waghmare.
"Today, we stand united in solidarity with our security forces in fighting terrorism and in defending the unity and integrity of India."
Announcing her appointment, IMF Managing Director Christine Lagarde hailed the Mysore-born Gopinath as "one of the world's outstanding economists with impeccable academic credentials, a proven track record of intellectual leadership and extensive international experience".
The Reserve Bank of India also banned with immediate effect issuance of letters of comfort which, like LoUs, are used by importers to fund their overseas purchases.
Yes, India needs desperate measures to kick-start growth. But selling off its lungs to the highest bidder to hack away cannot be the way out, says Sumit Bhattacharya.
Air India on Tuesday enhanced the ambit of discount on tickets to paramilitary personnel by extending the benefit to their family members.
The five-day extradition trial of fugitive diamond merchant Nirav Modi will begin from May 11 in a part-remote setting, a UK court has ordered. Modi is fighting his extradition to India over the nearly USD 2 billion Punjab National Bank (PNB) fraud and money laundering case.
'Information trickled in that these phone numbers were switched off when there were blasts in Jaipur, Ahmedabad, and at the time of the Delhi blasts.
While reserving the verdict, the apex court had said that the pricing details of Rafale jets could only be discussed after it decides on whether to make it public.
Here's a dummy's guide to the home loan fee maze
How should you, as a consumer, be prepared for a rate cut, if any? Read on to find out more.
If you have plans to buy a new home in 2015, there's good news for you
Advocate Abbad Ponda, his lawyer, said a person with low immunity is easily susceptible to catching coronavirus.
'The real challenge cannot be underestimated considering that this is still very much a "boutique relationship" -- a transactional relationship at its core based on its utility value to both countries -- but enveloped in an aura of romance,' says Ambassador M K Bhadrakumar.
Monsoons have had limited effect on market returns for a given year, report Sachin Mampatta and Sundar Sethuraman.
Here's the formula and it is not too difficult to implement.
The accused, along with other unknown officials, who were entrusted with the responsibility of new currency notes, "fraudulently" gave away new notes to the tune of Rs 1.99 crore to RBI officials and others.
A high fashion event can teach you a thing or two about money matters! Intrigued? Then read on to find out more!
The woman was allegedly kidnapped and raped by Sengar in 2017 when she was a minor.
Rising oil prices and diminishing cash pile to limit capacity in 2018-19
Loan defaulters will now find it difficult to rid themselves of all their liabilities through the one-time settlement scheme.
India recorded 50,035 cases of cyber crime in 2020, an 11.8 per cent surge in such offences over the previous year, according to the National Crime Records Bureau (NCRB) data. The Reserve Bank of India (RBI) last week once again cautioned bank customers of fraud, including those in Know-Your-Customer (KYC) cases. In fact, certain frauds have become more prevalent than others, and being aware of them is the first step towards protect yourself. Mayur Joshi, chief executive officer, Indiaforensic.com, a company engaged in the prevention, detection, and investigation of frauds says, "It is necessary to learn, to read about these scams."
The Congress chief said if his party is elected to power, its government would spend 6 per cent of the GDP on education.
Women dominate Indian banks's clerical and officer rolls, but few make it to the executive office these days, notes Tamal Bandyopadhyay.
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