The bank's response came to a clarification sought by stock exchange on recent reports on debit cards blocking in the wake of suspected data breach
A parliamentary panel on Friday opposed the new bank licences to corporate houses and voiced concerns over the discretionary power vested with RBI for applying 'fit and proper' criteria for deciding on applications.
Union Finance Minister Arun Jaitley explains the future of the Land Acquisition Law in India
In all this, the political establishment -- and especially the finance ministry -- appears the weakest link, and worse still, the possible reason for the political backing to Narain and Ramkrishna that emboldened them to defy all the sentinels -- the independent board, the auditors, top management persons like the chief compliance officer, the company secretary, and unbelievably the super-regulator Sebi, observes V Ranganathan.
Parliament proceedings were adjourned for a second day on Monday over the insinuations by Prime Minister Narendra Modi against his predecessor Manmohan Singh.
As a politician, Yadav is amiable and a consensus-maker, not hamstrung by dogma.
The rules are being framed to maintain absolute transparency and fair play in investigations.
'People have realised they bought into the prime minister's package and it is empty.'
The two leaders reaffirmed that the United States and India 'will take concerted action against all terrorist groups, including groups proscribed by the UNSCR 1267 Sanctions Committee'.
Lalu handled the obstacle of 'departmentalism' with ease.
NITI Aayog had been asking for Rs 7,500 crore for three years to set up an AI framework.
In a first, the Comptroller and Auditor General's (CAG) officers reached out to several ministries in the last week of April as part of a confidence-boosting measure. The meeting brought the CAG officials and those from the ministries across the table to discuss the pain points in their relations. CAG of India Girish Chandra Murmu took this novel step because of growing tensions between those audited and the auditor.
The run-up to next year's general elections might see some of the top executives of government-run companies getting unlucky. And, the period could become the best in the lives of those waiting in the wings.
The man who could well have been a high-level corporate may have to content himself being deputy chief minister. But other challenges await.
His likable boy-next-door face and casual approach to public speaking have a unique appeal for the younger generation, but it stops there, observes N Sathiya Moorthy.
The 41-year-old 'young gun' travelled the length and breadth of the state to strengthen the party at the grassroots level and ensure its comeback.
Pranab Mukherjee's stewardship of the economy will stand out as much for the manner in which he managed controversies as for creating quite a few of them, says A K Bhattacharya.
The resolution praised Prime Minister Narendra Modi's leadership and accused the opposition of 'opportunism' and a mindset of 'extreme hate'.
The Major Ports Authority Bill, 2020 was passed through ballot votes in the Rajya Sabha on Wednesday with 84 votes in its favour and 44 against it. The Lok Sabha had passed the bill on September 23 last year.
'Willing to spend is different from when to spend and how much to spend'
The ministry has proposed similar penalty and jail term for adulteration, besides license suspension and cancellation
Select committees on Mines and Minerals Amendment Bill and Coal Mines Bill recommended their approval without any change
.jpg)
Cabinet likely to pave way for the 'super-rich' tax today.
The Rajya Sabha on Thursday approved a bill to raise the foreign investment limit in the insurance sector to 74 per cent, with Finance Minister Nirmala Sitharaman saying while control will go to foreign companies, the majority of directors and key management persons will be resident Indians who will be covered by law of the land.
Jaitley promised the states that they would be fully compensated for any loss of revenue arising from implementation of GST.
To enable widen the fiscal deficit beyond the permissible limit under the present legislation, the government may have to propose amendment to the FRBM Act in the Finance Bill.
Currently, the select committee is considering the Bill.
India-China relations have always attracted Parliament's attention and there have always been useful and productive and constructive discussions how to engage with China, notes Rup Narayan Das.
While the Congress will firm up its strategy once the ruling alliance tables the Bill, initial comments by its leaders have been encouraging.
Offering an olive branch to the Opposition to get the GST bill passed, Finance Minister Arun Jaitley on Thursday said that Prime Minister Narendra Modi is willing to speak to everyone to get the landmark indirect tax law through.
The Lakhimpur Kheri violence, in which four farmers were killed, is "absolutely condemnable," Finance Minister Nirmala Sitharaman has said, emphasising that there are issues of such nature happening in other parts of India equally which should be raised "when they happen and not when it suits others" because there is a Bharatiya Janata Party government in Uttar Pradesh.
'Cyrus was always very different. He would think before acting.'
Projects worth Rs 500 crore and above and up to Rs 1,000 crore can be cleared by the Finance Minister.
Parekh ensures that he never forgets the importance of correctness.
Jaitley keen to uplift the insurance sector.
Overseas bourses may take similar action and stop providing data on foreign indices and commodities traded in India, Ashish Chauhan, chief executive officer, BSE said.
The government is considering a provision to provide an exit window to holders of cryptocurrencies (cryptos), keeping in mind that banning them outright could deal a blow to investors sitting on them for years. According to sources in the government, the framework in the making may propose a grace period of three to six months for investors before prohibiting the possession, trading, mining, and issuing of cryptos. A group of secretaries chaired by the Cabinet secretary is learnt to have met in mid-March and discussed issues associated with cryptos, including the consequences of banning them and also on possible substitutes of blockchain technology - an advanced technology Bitcoin uses.
These parties also asked the Centre to present a revised comprehensive economic package that will be a 'true stimulus' and sought reversal of all unilateral policy decisions, especially pertaining to labour laws, as they put forth a 11-point demand charter before the government during a virtual meeting, called by the Congress to discuss the situation arising out of the pandemic as well as the lockdown.
While players in the financial ecosystem are opening up to the idea of receivables funding for the sector, this market needs a regulator, which a Parliament panel feels only RBI can provide.
Accusing the Congress of creating obstacles in the path of growth and economy, he declared that the government would try to get the bill passed with the help of parties
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances