Crypto-assets are essential to blockchain technology, which has the potential to be one of the next major growth drivers for the software ecosystem in India. A prohibition would nip this opportunity in the bud, say Vaibhav Parikh and Jaideep Reddy.
As a result, the forecast of eight per cent retail inflation by January next year looks achievable.
This is the fifth consecutive day that COVID-19 cases have increased by more than 50,000 in the country.
'The urge to name the upcoming Navi Mumbai airport after well-known personalities and the equally strong urge to rally in large numbers supporting this name and that; all of this amidst COVID-19, felt deplorable,' asserts Shyam G Menon.
Seeking to dispel possible notions of the RBI not having done enough by opting for a pause for the second consecutive time, Das said the RBI has a wide dashboard of instruments beyond rates that can be deployed.
PS banks need to pull up their socks to improve cash flows.
India has a long way to go before it develops a culture of professional boards accountable to institutional investors. There is, therefore, no realistic alternative to reforming and strengthening PSBs under government ownership, says T T Ram Mohan.
'India is not so distant from years of high and entrenched inflationary expectations that it should start trying to play games with the economy the way the West's central bankers think they are entitled to,' argues Mihir S Sharma.
Bibhu Prasad Routray explains why the US is supporting Japan's resolve to release 'treated' radioactive waste water into the Pacific Ocean. And what role China plays in the US decision.
According to a study done by Singapore University of Technology and Design Data, coronavirus will 100 per cent end across the world on December 8.
Here's the full text of address to the nation by President Ram Nath Kovind on the eve of the Republic Day 2022.
'The RBI risks becoming dangerously weakened, as successive governments and finance ministers have misunderstood its role'.
'She was either overconfident that nothing will happen to her or she underestimated the gravity of the allegations.'
In addition, he will have to move swiftly to control any damage that may have been caused to the bank's image and investor confidence due to the loan controversy
The RBI wants to include shares and options within the variable salary of the CEOs, proposed to be capped at 200 per cent of their fixed salary; the floor for it is 50 per cent.
The world is in the face of a devastating impact due to the coronavirus pandemic and has clearly entered a recession, the International Monetary Fund said on Friday, but projected a recovery next year. "We have reassessed the prospects for growth for 2020 and 2021. It is now clear that we have entered a recession as bad or worse than in 2009. We do project recovery in 2021," IMF Managing Director Kristalina Georgieva told reporters at a news conference.
'The new ceiling will cover around 93 per cent of all deposit accounts, up from 90 per cent earlier,' notes Tamal Bandyopadhyay.
Over 30 domestic pharmaceutical companies, including Ranbaxy, Cipla, Nicholas Piramal, Zydus Cadila and Torrent, face a possible ban on the sale of the generic version of Merck's pain management drug in the Indian market.
Concerns are swirling that Japan's dream of hosting the Tokyo 2020 Olympics could be a fatality of the spread of the new coronavirus, jolting organisers, sponsors, and media firms who have spent billions of dollars in the run-up to the event. Global insurers face a hefty bill if the coronavirus forces the cancellation of the Games, with estimates of the cost of insuring the showpiece running into billions of dollars.
Bourses ask for okay in the 'permitted to trade' category; brokers and legal experts speak in favour.
Of the seven surveys presented under Modi govt, predictions of three were quite close to the actual GDP growth rate, one saw the base year change in between, but the last three were way off the mark.
It's no secret that the 37-year-old is the first choice wicketkeeper for the England World Cup but a lot will depend on how he performs in the last three ODIs against West Indies.
Why did the Chinese military take over the lab in Wuhan in end January? Did something go wrong? Claude Arpi glances at the mystery surrounding the origin of the coronavirus.
A source said Sebi planned to tag brokers based on their performance on areas such as compliance, investor protection and arbitration.
The framework does not allow settling of serious violations that have 'market-wide impact'.
Brian McCloskey, an expert on global health security and outbreak prevention said: 'Clearly, having a vaccine would be extremely helpful, not just for the Olympics, but for all of us. But even without a vaccine I think there are other mitigation measures we will look at to make sure we can run the Games safely.'
Heading to the third year, will Urjit Patel be busy firefighting a currency crisis? Almost no governor of the RBI managed to evade it and Patel perhaps knows it.
Maharashtra is in the beginning of a second COVID-19 wave, a central team report has said, highlighting that there is very limited active effort to track, test, isolate cases and quarantine contacts, and there is no adherence to COVID appropriate behaviour among people in rural and urban areas in the state.
Wider scrutiny of the mushrooming Twenty20 and T10 leagues around the world will be the key issue on the discussion table when the International Cricket Council (ICC) begins a series of meetings, from Tuesday.
The global heath body had earlier suspended the hydroxychloroquine arm of the clinical trials of experimental COVID-19 drugs over safety concerns.
The going is not going to be easy for the DMK and its allies in Elections 2024. Despite the seats sweepstake in the 2021 assembly polls, the vote-share difference of 5.6% (DMK's 45.38% versus AIADMK-BJP's 39.72%) is not insurmountable on a bad day, points out N Sathiya Moorthy.
For states like West Bengal, Bihar, Odisha, Jharkhand and Uttar Pradesh, where migration is high, the return of workers could be as much an opportunity as a liability. All states have launched portals to register migrant workers; additional fields like nature of employment and remuneration in the past 2-3 years are being added to help in skill mapping.
'Infusion of fresh capital, handsome growth in deposits and focus on recovery should bring Yes Bank back on the growth path in the next financial year,' observes Tamal Bandyopodhyay.
Former captain Sardar Singh has been included in a 13-member Hockey India selection committee, to be headed by B P Govinda, a member of the 1975 World Cup winning team.
'Flush with funds, lending became a cash management exercise.' 'Road projects, power generation plants, airports etc were financed left and right with apparently no regard for the projects' ability to repay,' explains S Muralidharan, former managing director, BNP Paribas.
Vinod Rai, the head of the Board of Control for Cricket in India Committee of Administrators (CoA), has hoped that the Cricket Board and the state associations will implement the Lodha Committee recommendations by October.
Hours before the party's convention, Chairwoman of the Democratic party Debbie Wasserman Schultz resigned.
New Zealand coach Gary Stead termed World Cup game wash-out against India as "unfortunate and frustrating", but agreed with the International Cricket Council's assertion that reserve days will be a "logistical nightmare".
Gill, who studied at Modern School and Hindu College in Delhi, joined Deutsche Bank in 1991 and became its India CEO in 2012.
At least a 25 basis points hike can be expected on the October 5 policy
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