The RBI is working to nudge large foreign banks with 30 or more branches in India to get incorporated locally.
Progress on the steps taken by Governor Shaktikanta Das' predecessor Urjit Patel to restore financial system integrity will be a key thing to assess any damage to the institution, Subramanian said.
'There is no Buddha or Gandhi among countries, existing for the service of others; they all exist for the good of themselves.' 'For each country, its own interests should be paramount, and it is futile and churlish to expect China to be an exception to this rule,' says B S Raghavan, the distinguished civil servant and long-time China-watcher.
Obstacles in development of SEZs will be removed.
'We're going to see a defence relationship that really takes off -- now that India is a major defence partner of the US, the sky is the limit for arms sales.' 'The economic partnership will lag behind the security relationship, but the meeting and joint statement give cause to believe that it will progress more robustly than many of us would have expected.'
'From Doklam to Wuhan and the return of the India-China relationship to its previous equilibrium is indeed a major contribution of President Xi and PM Modi. Without any doubt they deserve the kudos for their sagacity and their wisdom,' says Ambassador Gautam Bambawale, India's envoy to China during the Wuhan summit.
'We feel there is definitely something murky in the system.' 'Will anyone believe that Nirav Modi will go to a branch and bribe a low-level officer?' 'Just look at the people with whom he had moved around.'
Reserve Bank of India Governor Shaktikanta Das tells Anup Roy, Raghu Mohan and Niraj Bhatt that it is time for banks to lower interest rates and start lending to cash-starved finance companies after due credit appraisal and proper risk assessment.
The focus shall also be on consolidation of public debt and reducing rollover risk through active switch/buyback operations.
The host country has been pressing for a discussion at the 10th G20 Summit on the conflicts in Syria and the worst migrant crisis since World War II.
The previous high in quarterly GDP growth was recorded in the January-March quarter of 2015-16 at 9.3 per cent.
The third and final part of BJP president Amit Shah's interview to Sheela Bhatt/Rediff.com.
The prime minister also pitched for respecting freedom of navigation against the backdrop of South China sea dispute.
Here are 10 global and domestic factors.
Among the private banking majors ICICI Bank and HDFC Bank were down 0.2%-0.5% each.
The Dravida Munnetra Kazhagam might have been pushed into a corner to come up with a prohibition policy of its own, if only to create the right atmosphere for talking about an Opposition coalition in the state, says N Sathiya Moorthy
RBI will review the monetary policy again on September 29.
This is the joint statement issued by the ministry of external affairs on the visit of US President Barack Obama to India.
RBI governor Raghuram Rajan is likely to cut rates in next monetary policy.
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The decision of the Directorate General of Civil Aviation comes at a time when the UN-body International Civil Aviation Organisation is working on global market-based measures to check aviation emissions.
Moving ahead with their new mantra -- Chalein Saath Saath: Forward Together We Go -- Prime Minister Narendra Modi and United States President Barack Obama on Tuesday vowed to deepen cooperation in every sector for the benefit of global stability and people's livelihoods over the next ten years.
'Secretiveness and the element of surprise in announcing decisions marks the Modi style of diplomacy. From being a voluble politician, he became a reticent statesman... But the diplomatic dance is performed on thin ice and his adroitness is still to be proved,' says Ambassador T P Sreenivasan.
Amitabh Kant tells Rahul Jacob how India could be made an easier place to do business in and why India's software smarts will give it an edge.
Institutions will wait till there is more clarity on Budget.
He said that India will work with Singapore to bring the Regional Comprehensive Economic Partnership to early conclusion. He also said the India-Singapore Comprehensive Economic Cooperation Agreement has been reviewed and the two sides will work to further upgrade it.
'Karna is the greatest warrior in the Mahabharata -- in fact, Arjuna is a nobody in front of Karna.' 'But Arjuna had a better advisor in Krishna than Karna.' 'Karna failed because he listened to the wrong advice given by Salya.' 'It just shows wrong advisors can land even the mighty in trouble.'
'The call to isolate Pakistan on the ground of sponsoring and supporting terrorism, particularly when the UN has not even defined terrorism, is a wild goose chase.' 'The responses of the various countries to the Uri attack provides testimony to this fact.' 'No country, not even Russia, was willing to condemn Pakistan for this dastardly act,' says Ambassador T P Sreenivasan.
The venue for Saturday's meeting was shifted at the last minute from the headquarters of the India Banks' Association in Cuffe Parade to avoid media glare.
Seeking to spur foreign investments, Finance Minister P Chidambaram has said the Union Cabinet will decide on raising FDI caps in different sectors in the third week of this month.
Reserve Bank of India (RBI) Governor D Subbarao, often criticised for being "behind the curve", took market players and his critics by surprise.
Contract finally given for Rs 2,400-cr project, with GIFT City-like features
Recent incidents suggest these safeguards perform well in simulated conditions and mock drills, but often fall short when actual threats emerge.
Most Asian markets were trading weak on Monday.
Seeking urgent steps by mobile operators to check call drops, regulator TRAI on Wednesday said their performance would be reviewed after 15 days and warned it will "cross the bridge" if they fail to do the needful.
The Bankruptcy Bill seeks to ensure predictability of outcome for creditors.
Rajan, as expected, furthered his predecessors' agenda and continued with the same resolution to make India's financial system safer, and direct the economy towards further liberalisation
The BSE and the NSE have also been asked to provide inputs.
FM should avoid proposals such as to tax financial transactions and fringe benefits
Sensex gained 38.18 points or 0.15% at 25,918.95 and Nifty ended higher by 12.50 points or 0.16% at 7,739.55.
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