The Financial Sector Legislative Reforms Commission had in a report last year proposed a unified regulator for the entire financial sector -- markets, insurance, commodities and pension. It had, however, proposed to keep banking out of its purview for now.
'Make no mistake, legally Chanda Kochhar was not and still is not obliged to quit.' 'But quitting earlier would have placed her personally and as a leader on a very high pedestal, indeed where she belonged until this lapse,' says S Muralidharan, former managing director, BNP Paribas.
Justice Lodha's attribution of guilt to the owners of teams, rather than to individuals, has laid out the law of command and responsibility, responsibility by virtue of ownership of shareholding, team membership and holding out to be the face of the team, says Indira Jaising.
A glance back at some of the important ups and down Indian Inc faced in 2018.
'We are in touch independently with leading players, and they are denying it as well.' 'The Indian digital footprint is rising, creating new opportunities.'
Congress engaging in a 'false show of jubilation', said Amit Shah.
The Telangana Rastriya Samithi and other pro-state activists have decided not to celebrate until the bill is passed in Parliament. Vicky Nanjappa reports.
A long crisis with a lack of sound short-term, long-term actions can result in sluggish growth in India, similar to that in Japan.
The size of the hole in today's banking crisis appears to be roughly 10 per cent of GDP.
Seeking to woo Muslims as well as upper castes, the Samajwadi Party on Wednesday promised quota in police and other government jobs for minority community, release of "innocent" youths jailed on terror charges and constitution of an upper caste commission in its manifesto brimming with sops.
'Muslims are depressed and disillusioned.' 'The safety valve is that we still have a multicultural mosaic in West Bengal, Tamil Nadu, Karnataka and Kerala.'
'Little about this regime, given its vindictive credo, is a complete surprise. But we were still taken aback by the CBI raid as it was a complete abuse of due process.' 'These are not legal inquiries, but abusive use of State power. They are not legitimate investigations, but a witch-hunt.' 'Ours is a typical, classic case of the State and its organs being used as an outlet for motivated vendetta of the vilest kind.'
He has had a productive first year at the RBI -- one which saw, also, India's economic imbalances improve and the unexpectedly strong general election outcome.
'The nation State can thrive if all communities believe they have a stake in it; that their interests will be safeguarded; that there will be no discrimination; that there will be justice.' 'The political leadership of this country needs to decide whether it wants to mitigate these challenges to the nation by making necessary correction or whether it wants to ignore these questions that Yakub's noose has left behind,' says Ankur Bhardwaj.
Rediff readers share their Cash Crisis experiences.
The RSS uses its resentment against mosques and loudspeakers to stoke anti-Muslim feelings among other Hindus, whenever it can, be it during riots, or before elections, says Jyoti Punwani.
For it's not the Sena alone that indulges in hooliganism. 'Thokshahi', as the Sena proudly calls it, is the hallmark of the party and of its offshoots. But other parties haven't exactly been models of good behaviour. Not just Maharashtra, ministers and MLAs slapping officials everywhere in the country is not unheard of, says Jyoti Punwani.
Admittedly, EVMs too have a UID number and any convergence of data can make the secret ballot system a party of history, warns Dr Gopal Krishna in the 5th part of his series against Aadhaar.
If the AAP wins 20 to 40 Lok Sabha seats, which is conceivable unless it botches up on governance in Delhi, it will become a significant bloc comparable in influence to or even bigger than several major regional parties, feels Praful Bidwai.
'What of Modi? They are willing to take their chances. Maharashtra's Muslims recall how the Congress scared them with the Bal Thackeray bogey for decades, yet, when it came to using all the might of the State to protect them from Shiv Sena goons, be it in 1970, 1984 or 1992-1993, it did nothing. For them, the Congress's secularism is a cruel joke.' 'This argument that we ('seculars') must vote for the 'winning secular candidate' has one more implication: Those who are against Hindutva must forever be stuck with the same corrupt, cynical and tired old parties, who are not even secular,' says Jyoti Punwani.
E-commerce is awash in money, raising concerns about whether this is just another unsustainable internet trend headed for a bust.
U R Ananthamurthy on the importance of keeping alive our regional languages.
If you are more than your rhetoric about a strong and united country, give us our due -- treat us as countrymen, says an ordinary Muslim in this open letter.
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