In August, RBI allowed 11 business houses to start a payments bank.
The Janata Dal-United on Friday announced its support to Congress for the post of Leader of Opposition in the Lok Sabha even as the treasury side has kept suspense over the issue.
Financial institutions at the risk of US sanctions as sharing of documents on SC directive amounts to violation of existing agreements.
With a sole mandate of inflation targeting, RBI wears many hats.
The best possible move would be for the government to spend the funds on activities like infrastructure development or as it deems fit, says Soumya Kanti Ghosh.
'In his 2014 election campaign, Mr Modi had boasted that he would apply the Gujarat model to the rest of India. We just have to ensure he doesn't start with Parliament,' says Shashi Tharoor in this fascinating excerpt from his new book, The Paradoxical Prime Minister: Narendra Modi And His India.
RBI is committed to bringing down retail inflation to eight per cent by January 2015 and six per cent by January 2016.
The court delivered the verdict after postponing it for four times in the Avenfield corruption case -- pertaining to the ownership of four flats in the posh Avenfield House in London.
'My sense is that we should be braced for a correction.' 'It has already begun in the mid-caps for the past month, and will now spread to larger stocks as well.' 'Use the correction to upgrade the quality of your portfolio,' advises Akash Prakash.
Why do investors need a broker to buy stocks which were dematerialised long ago and can be delivered directly into their accounts?
Despite the incessant disruptions and bitter clashes between political parties witnessed in the ongoing monsoon session of Parliament, lawmakers from across the political spectrum will display rare unanimity in the coming days to pass two bills aimed at protecting their interests.
Higher interest rates in the US do not necessarily coincide with capital outflows.
Without bringing sound governance and technical capabilities into the RBI's work, injecting new money sets the stage for a next wave of bad behaviour by banks, warns Ajay Shah.
The country's two biggest state-run lenders on Saturday pitched for treating a portion of their gold deposits as part of the mandatory cash reserve ratio (CRR) or statutory liquidity ratio (SLR), both of which banks consider as non-productive.
'Modi's political economy is more inspired by Indira Gandhi than Vajpayee.' 'She so wanted an Opposition-mukt Bharat.' 'Sounds familiar?' asks Shekhar Gupta.
Deployment of THAAD in South Korea could unfold a new cataclysm in the Korean Peninsula with unwelcome prospects.
In the broader markets, BSE Midcap index slipped 0.3% whereas the BSE Smallcap index inched up by 0.2%
The prevailing communal situation in the country does not indicate existence of alleged intolerance in the country, the government said on Tuesday.
'Policy was more in line with the expectations.'
US economic growth slowed sharply in the fourth quarter.
A Reuters poll showed only one out of 51 economists had expected a 50 basis points rate cut.
US President Barack Obama on Sunday affirmed his commitment to enhancing India's 'voice and vote' in global financial institutions like IMF.
Expectations of continued stimulus withdrawal by the US Federal Reserve added to the market's gloom.
The central bank has, so far, cut its repo rate by 125 bps.
All the drama from inside Bihar's legislative assembly.
There's need to address growth, but weak rupee putting pressure on prices.
We take it as a given and allow a free run to those who deserve to be reined in by a simple democratic act: vote decisively, and if the television has made a farce of itself, use the remote control, says Mahesh Vijapurkar.
Uproar over the killing of five Indian soldiers on the Line of Control in Jammu and Kashmir by Pakistani troops on Tuesday led to adjournment of Parliament until noon.
'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.
Banks seems to be upset over RBI's move over rate cut.
The shutdown was the longest in recent memory, and prompted US Securities and Exchange Commission Chair Mary Jo White to call for a meeting of Wall Street leaders to help insure the 'continuous and orderly' functioning of securities markets.
Sharp swings likely in equity, forex and bond markets.
Govt rules out controls on FII capital as Sensex tanks 3.97%, rupee breaches 62 intra-day & gold surges the most in two years
Wiping off nearly Rs 4 lakh crore of investors' wealth during the day, benchmark Sensex crashed on Friday.
The 15-member body called for enhanced actions, from closing financial system loopholes to stopping the abuse of charitable causes, as well as updating the existing IS and Al Qaeda sanctions list.
'It will make good sense for military men on that side of the table to be confronted by our own.'
Tamil Nadu Chief Minister Jayalalithaa, convicted on Saturday by a Bangalore special court in a disproportionate assets case, had fought more than a dozen cases and was acquitted in most of them.
Financials are the top gainers along with index heavyweights.
'The category of crime and criminals called Maoist or Naxal or #UrbanNaxals is an illegitimate creation of right-wing propaganda media frenzy.' 'It is a fiction repugnant to the Constitution and the law of the land,' argue Vernon Gonsalves and Arun Ferreira.
