After the Reserve Bank of India restricted the Sri Guru Raghavendra Co-operative Bank from doing business with immediate effect and capped the withdrawal limit at Rs 35,000, depositors on Tuesday queued up outside the bank's branches in Bengaluru. The regulatory body said the bank will continue to undertake banking business with restrictions until its financial position improves.
In the new generation diplomacy, the US definitely occupies the most important place on Indian thinking wavelength but India is no sub-contractor of America in the global context wherein Uncle Sam can decide what and how much Indians should eat or not! US President George W Bush blaming the 'wealthy' lifestyle of India's huge middle class for the spiraling global food prices endorsing his Secretary of State Condeleezza Rice views only adds insult to the injury for Indians.
Tata Motors made waves when it bought the Jaguar and Land Rover brands. Test your knowledge about the erstwhile owner of these brands -- Henry Ford.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
The economics and pricing of the Covishield vaccines and the government's own decision to pay higher prices raise more than a few questions, observes Prosenjit Datta.
He alone gets the credit for reviving consumer interest in Ayurveda, says Bhupesh Bhandari.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
The Delhi high court on Monday sought the Centre and SBI's reply to former RCom chairman Anil Ambani's plea to include the Chinese banks, which have got a decree of $717 million against him from a court in United Kingdom, in the proceedings related to recovery of Rs 1200 crore loan granted to two of his companies. The high court also said that the moratorium on recoveries from sale of Ambani's assets, as provided under section 96 of the Insolvency and Bankruptcy Code (IBC), would remain in operation for now. This direction came on the application moved by the State Bank of India (SBI) seeking a declaration that the moratorium shall continue to be in effect.
'Nobody understands Gehlot's politics.' 'The Congress high command should wake up.'
China's journey up the growth curve has been so fast that the ride down could be equally nerve-racking.
Under the new model, the surplus distribution in the participating policyholders' fund has been modified to 90:10 in a phased manner, wherein 90 per cent will go to policyholders and 10 per cent to shareholders. Further, 100 per cent of the surplus generated out of the non-participating business will be available for distribution to all shareholders.
For two decades while we continuously talked of infrastructure, power, ports, airports, irrigation, railways, roads, sewer systems, public transport, skill development, education, et all we also realised that our governments has very less vision to structure it, very little political will to carry it and far less managerial band-with to deliver such projects on time, writes M R Venkatesh.
The stress levels across the country just refuse to die down even with multiple counselling sessions, says Sanjiv Kataria.
After many false starts, India may well be at the inflexion point that Deng Xiaoping took China to post-1978. The window of opportunity is wide open right now, says Rajeev Srinivasan.
Nikunj Saraf, Vice President Choice Wealth, answers your queries
The sad part is that it is corporate war that is exposing the chink within the system.
Nikunj Saraf, Vice President Choice Wealth, answers your queries.
Doesn't matter if Enron or Lehman didn't tell the truth - they aren't Indians, says Sunanda K Datta-Ray.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
'The BJP leadership and its agriculture minister must make up their mind on what kind of corrective measures will be needed for Indian agriculture at this point in time.' 'The sooner Mr Singh provides policy clarity on this vital issue, the better are the chances of India's agriculture and farmers emerging out of their current mess,' says A K Bhattacharya.
That "Rollback Budget" ushered in an era of rollback.
The jobless armies of youthful India are getting angrier and desperate, warns Shekhar Gupta.
On his 90th birth anniversary, Sukanya Verma lists 20 of her favourite scenes that reiterate his extraordinary grasp on the language of cinema and connect with the viewer.
'In macroeconomic policy, timing is all, and by leaving things too late, Mr Modi may have made around 50 seats in the Lok Sabha highly vulnerable,' says T C A Srinivasa Raghavan.
'Look at the number of billionaires, the number of new billionaires in India.' 'Adani and Ambani are not the only ones.' 'What's wrong with people making money as long as it benefits us?'
The commerce minister ought to seek validation for his incentives with the finance ministry.
'Salman Khan family is the head of this venomous serpent.'
'He has a gift none of his eight predecessors, from Manmohan Singh to Rajiv Gandhi, had: Being able to speak directly and convincingly to a large enough section of Indians who will take his word for gospel,' notes Shekhar Gupta.
The comprehensive Senate immigration reform legislation, America Inc thinks, will adversely affect Indian IT companies and will have an inimical spillover impact on American firms too.
'If anything, he is a fiscal hawk.' 'He has avoided fiscal profligacy completely for the past four years.' 'The fiscal deficits since 2014 are clear proof of this.' 'The point is not that it is not 3 per cent yet; it is that it is not 6, 7 or 8 per cent, which it could easily have been.' 'For this he needs to be congratulated.' 'He has recognised it no longer pays to spend other people's money to win elections,' points out T C A Srinivasa-Raghavan.
'Will Mr Jaitley listen, or is that expecting too much in pre-election season?' asks T N Ninan.
Mr Trump's endorsement is a compelling reason Indians waiting for the Turnaround that is Just Around the Corner shouldn't take him too seriously.
'Women's voices are too high or too low, or they are seen as too short or too tall, or too fat or too thin, to be great leaders.' 'These judgments wear us down.'
'The Akali government is not responsible for the Punjab power crisis as Mr Sidhu is saying.'
...But October has always brought them good luck. "We met in October; we got married in October and now this," says Sumedha Kailash, wife on Nobel Peace Prize winner Kailash Satyarthi
At the annual Pravasi Bharatiya Divas, organised by the government ostensibly to celebrate the country's connection with the 27-million-strong Indian diaspora living in 150 countries, Mr Ahluwalia said last Sunday that India was reaching out to NRIs not for their money, but because it valued the long, socio-cultural footprint all Indians living in India and abroad shared.
In India, it is markets that sustain the farmers and not subsidies. We are therefore importing a failed model from America.
'Lending to Mr Mallya was the bankers' season ticket to corridors of power and glamour. Borrowing from them was like a favour Mallya did to them,' says Shekhar Gupta.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
