Here's the full text of President's Ram Nath Kovind's address to the joint sitting of both houses of Parliament on the first of Budget Session 2022.
Lending rates in certain segments may be increased; fixed depositors may lock into existing rates.
New businesses have been secured from the public and private sectors, as well as domestic and international markets.
Listening -- really listening -- to advisers in the government and outside would help. India has plenty of wise economists who have worked within the bureaucracy during previous crises, points out Rahul Jacob.
Valuers have found almost no assets to pay for their claims against the Videocon group that entered the insolvency process in 2018. But the dissenters suggest that the money is elsewhere, possibly in the group's oil and gas assets, which are not part of the group's bankruptcy case.
It is time for the three finance ministers of the 1990s to reveal the real hero, says T C A Srinavasa-Raghavan.
Reacting to allegations that his party was dividing anti-BJP votes, Owaisi said he was running a political party that has a right to contest on its own.
The business will also see a change of guard. Shailesh Chandra, president of EV and corporate strategy, will replace Mayank Pareek as president of PV business, including EV, with effect from April 1. Pareek will be superannuating from the company after a six-year stint at the end of February 2021. Chandra and Pareek will work on transition over the next few weeks.
The minutes of the December MPC meet reveal members felt the current spike in the headline inflation rate was due to a temporary supply shock on the food front, expected to moderate by the second quarter of 2020-21.
Due to tax associations with the fiscal-ending, April is a month of SIP renewal. So, the April numbers will be important and may perhaps, mark a change in retail attitude.
None of the four benchmarks suggested by the RBI is ideal as banks in India create loan assets from their deposits and not borrowing from the regulator or market, says Tamal Bandyopadhyay.
Unless RBI temporarily relaxes the norms on recognising of bad loans, the pressure on this front could rise in the December quarter.
Banks are not allowed to lend to developers for purchasing land parcels.
We can expect to see more Chinese wolf warrior diplomats on the prowl, in India's neighbourhood, though its mailed fist is not so visible while dealing with India, observes Colonel R Hariharan (retd).
Affluence without conscience, haunted homes and heads, a big fat Punjabi wedding and more on OTT this week. Here are Sukanya Verma's 10 recommendations.
The ICC's ban will be effective from the first international series between England and West Indies, starting July 8.
Financing against gold being a secured form of lending and higher margins are key reasons.
Climate activist Disha Ravi along with Mumbai lawyer Nikita Jacob and Pune-based engineer Shantanu created the 'toolkit' related to the farmers' agitation and shared it with others to tarnish India's image, the Delhi Police said on Monday.
The RBI governor's assurance should give investors enough confidence to start believing in the NBFC sector again, say bankers.
After the rationalisation and categorisation of mutual fund schemes undertaken by the Sebi in October 2017, overnight funds have emerged as a distinct category.
Reports suggest state-owned banks have lapped up Rs 40,000 crore, so far, using both bonds and equity instruments. The question, though, is whether there will be a perceptional change for PSB stocks.
'Where in the world you get 12.5 per cent return of interest?'
While a scheme allowing short-selling of securities is expected to come into force from July, exchanges and depositories are finalising a mechanism for lending and borrowing of securities, without which the scheme cannot be implemented.
The cases under scanner include significant loan exposure of the bank to Videocon way back in 2012 and the alleged involvement of the Kochhar family in restructuring of that loan.
Consumers can effectively make payments using UPI and other debit cards, credit cards and internet banking across 120 banks and over 120 billers, Xiaomi said.
The Delhi Police claimed that Disha Ravi, who was arrested by a Cyber Cell team of the force on Saturday, was an editor of the 'toolkit Google doc' and 'key conspirator' in the document's formulation and dissemination.
Priyadarshini Maji evaluates the impact that payment banks are likely to have on your financial life.
The Reserve Bank of India (RBI) on Friday decided to leave the benchmark interest rate unchanged at 4 per cent but maintained an accommodative stance, implying rate cuts in the future if need arises to support the economy hit by the Covid-19 pandemic.
When taking a loan, it is important to look at various factors, and not just the interest rate, says Tinesh Bhasin.
It has been a decade since Shyam Srinivasan took over as managing director and chief executive officer at Federal Bank. He wants to ramp up the bank's unsecured lending going ahead even as it homes into the space vacated by competition. Reappointed for a fresh three-year term as the bank's helmsman, he spoke to Hamsini Karthik on the plot ahead.
Indian and foreign bankers are expecting the Reserve Bank to raise repo and reverse repo rates by 25 to 50 basis points each.
'India resembles not just the more turbulent bits of its own past, but other 'managed' democracies, where all institutional strength and independence have been hollowed out to serve political power,' notes Mihir S Sharma.
The agency has registered the FIR after a preliminary enquiry on a complaint from the oil ministry.
While payments banks surely lose money, their operating ratios were looking better in 2017-18 compared to the year before. This implies that as customer volumes start picking up, the business models may perk up too, says R Jagannathan.
The reserves rose to $501.70 billion helped by a whopping rise in foreign currency assets, the latest data from the Reserve Bank of India.
Bajaj Finance was the biggest loser in the Sensex pack, tanking up to 8 per cent, followed by Hero MotoCorp, IndusInd Bank, Maruti and HCL Tech. Axis Bank, ITC, NTPC and M&M were among the top gainers.
The Congress leaders agreed that demonising Prime Minister Narendra Modi was "wrong" and he should be praised for doing the right things.
There seems to be no "closure" for B S Yediyurappa, the Bharatiya Janata Party's "comeback man" in Karnataka, as he could never complete a full term in office, despite becoming the chief minister four times, surmounting odds. It's also too early to write a political obituary of the 78-year old Lingayat strongman and the 24X7 politician, the face of the party in the state for decades.
RBI said at the current juncture, the all-out effort is to maintain and sustain, with the hope that when life is secure, resources, energy and time can be marshalled to rebuild and revive.
Anil Kapoor's mastery shows in how he finds the space between an actor reaching out to his actuality while remaining an actor while Anurag Kashyap's comfort in bullying his co-actor fuels their bickering camaraderie, notes Sukanya Verma.
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