Summers dogged by controversies over past views
According to bond dealers, the spike in CD issuance could indicate that liquidity won't remain as comfortable by the end of the financial year (March 31) as it now is.
RBI governor Raghuram Rajan has slashed rated by 50 bps.
The two Houses would now meet on December 27 as there would be no sitting on December 24 and December 26 in view of Christmas.
Congress members created an uproar over a range of issues, including remarks made by certain Bharatiya Janata Party MPs against its leader Jyotiraditya Scindia and the revocation of suspension of six of its members.
Seeking to end the controversy that erupted over his remarks and stalled parliamentary proceedings, Union minister Anantkumar Hegde on Thursday tendered an apology in the Lok Sabha after a nudge by the Speaker but he said his speech at a function in Karnataka was distorted.
There were verbal exchanges between members of Congress and treasury benches after Leader of the Congress Mallikarjun Kharge referred to the food park scrapped by the Narendra Modi government.
"Horse trading band karo (Stop horse trading of MLAs)," Congress members shouted from the well.
A strong currency helps in fighting some of the import-led inflation.
Pandemonium prevailed in Jammu and Kashmir assembly on Monday as banner-waving members of the legislative assembly of opposition National Conference and the Congress stormed the well over beef ban and other issues.
Modi had also said recently that there is a need to administer "bitter medicine" to revive the ailing economy.
Both Houses were adjourned multiple times as Opposition members kept on shouting slogans against the PM.
'The financial sector will be hit even harder than the overall market.' 'The banking sector will eventually be rescued.' 'But it may go into a long downwards spiral before things turn around.' 'Threat or buying opportunity?' asks Devangshu Datta.
A summary of sports events and persons who made news on Wednesday.
Siddaramaiah's dramatic gesture came when the House reassembled after two adjournments with the BJP and the JDS persisting with their demand for a discussion on the issue.
The opposition on Wednesday lambasted the government in the Lok Sabha for making "tall promises" which were "difficult to achieve" to garner votes and asked the Bharatiya Janata Party-led ruling dispensation to explain how they would fulfill the aspirations of the people.
The opposition, while not directly stalling Parliament, will insist all legislation goes to standing committees, delaying implementation.
Vajpayee had always felt that India must act with conviction and panache. He decided that, irrespective of the attendant risks, he would undertake what many felt was a precarious course. A fascinating excerpt from N K Singh's Portraits Of Power: Half A Century Of Being At Ringside on Atalji's 96th birthday, December 25.
GST rate cut for real-estate, income transfer scheme, farm loan waivers execution and recapitalisation of PSU banks have the potential to boost India's growth in a few months, says Neelkanth Mishra.
US President Barack Obama and the Republican party leadership have decided to continue talks to find any possible deal to re-open government and raise the debt ceiling, but there was no immediate resolution in site to end the current impasse.
The sharp fall in rupee since the beginning of May will make things difficult for the central bank which is on the path of easing the monetary policy to revive growth.
Members from parties like the Congress, the Trinamool Congress, the Left parties and the Rashtriya Janata Dal created uproar in both the Lok Sabha and the Rajya Sabha as soon as the Houses met for the day.
Narendra Modi was both conciliatory and mocking towards the Opposition, particularly Congress, during his hour long reply to the debate on the motion of thanks to the President's address in the Upper House.
Prime Minister Narendra Modi on accused the Gandhis of disrupting Parliament to avenge defeat in 2014 Lok Sabha polls.
For three days, no business has been transacted in the Rajya Sabha with the Opposition digging in its heels.
Arun Jaitley is on a 10-day trip to the US.
Adamant on External Affairs Minister Sushma Swaraj's resignation, Congress forced three adjournments in pre-lunch session of Rajya Sabha
Prime Minister Alexis Tsipras battled to win lawmakers' approval on Wednesday for a bailout deal to keep Greece in the euro and avoid bankruptcy, as the IMF pressured Greece's creditors to provide massive debt relief for its crippled economy.
Venkaiah Naidu said 'let there be a discussion... November 8 is a historic day'.
Members of Parliament on Sunday bid adieu to outgoing President Pranab Mukherjee.
Seeking to create a global-sized bank, the Cabinet on Wednesday gave the go-ahead to the merger plan of SBI and its five associates, a step aimed at strengthening the banking sector through consolidation of public banks.
Addressing a 'fateh' (victory) rally with leaders from the ally Shiromani Akali Dal on the dais, the Gujarat chief minister, who donned a saffron turban, also dismissed as "rumours and a pack of lies" the controversy about migration of Sikh farmers from Kutch region in his state, promising that no Sikh farmer will have to leave Gujarat.
I-T lens on current account deposits over Rs 12.5 lakh. All the news and more post demonetisation.
One small interest rate hike of one-quarter of a percentage point is unlikely to have much impact on your budget
After a 25-year stint at ICICI Bank, Mor suddenly quit as he wanted to add more value in the bigger areas of health care and financial inclusion.
'The dragon is Narendra Modi. While it may be harsh -- a tad -- to say that it was sleeping, it is fair to say that the government's approach in tackling corruption cases was lackadaisical.' 'By choosing corruption as an issue the Opposition has goaded the Treasury benches to return fire -- and the BJP has more potent ammunition,' says T V R Shenoy.
'The Modi administration has access to so much evidence that it can rip apart the Congress, not just the Nehru-Gandhis, but almost the entire leadership structure of the party,' says T V R Shenoy.
As India celebrates its 70th Independence day, Rediff.com pays homage to millions who laid their lives for the country's freedom.
The calculated playing up of confidence by Amit Shah and his team obviously means that the BJP has a strong counter-strategy in place to turn the tables on the Congress before the monsoon session is over, reports Sheela Bhatt/Rediff.com.
It is mischievous to imply that the proposed bill to grant citizenship to persecuted Hindus, Sikhs, Jains and Buddhists from other nations implies that Muslims and Christians are not Indians, says Sanjeev Nayyar.
