A well-run non-banking company has better margins than a bank, but the objective of setting up Ujjivan was to provide comprehensive financial inclusion, Ujjivan Small Finance Bank MD & CEO Samit Ghosh tells Anup Roy in an interview.
With this, multilateral lenders like the International Monetary Fund, the World Bank and the European Union may continue downgrading Pakistan, making its financial situation more precarious.
Fresh buying by domestic institutional investors and better-than-expected June quarter results from some blue-chip companies boosted investor sentiment
The new device, building by a team of Indian Institute of Science, Bengaluru, will keep the heart in good condition for about eight hours.
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.
He said the country has witnessed a journey from indecisiveness to clarity and decisiveness.
The Reserve Bank on Friday set up a three-member committee under former Governor Bimal Jalan to scrutinise applications for new bank licences, which are expected to be awarded by January.
'They don't always agree with our governments, their teachers or their parents, but it is the conviction of their ideas, and their determination to share them with the world that, I believe, is one of the greatest sources of hope for our planet.' 'The colonisation of space, understanding the very building blocks of matter and the universe, utilising our understanding of the human genome to conquer disease -- these are the tasks waiting for a fellowship of minds to realise new triumphs in our collective destiny.'
There have been demands from a section of stakeholders that the long-term capital gains tax on equities be reimposed.
Mumbai's dabbawalas have also suspended their services on Tuesday.
Court documents show that the Kerala government, whose case was treated as the 'lead case' among all the petitions filed against Adani, made four allegations to convince the court to cancel the contract for the Thiruvanathapuram airport. The state's legal team couldn't substantiate most of these allegations with documentary proof and its self-defeating arguments in court failed to convince the judges to cancel the contract given to Adani. The battle for the Thiruvananthapuram airport between the Communist-led Kerala government, the Adani group and the Modi government over the past year hasn't had a dull moment since the proceedings began. Claims of a smoking gun turned out to be a damp squib, says Sai Manish.
King Salman and Narendra Modi will find common ground to intensify cooperation against jihadi terrorism, says Tarun Vijay, MP.
Modi said his critics were seeing slowdown in the last two quarters but were ignoring that the BJP government had brought down inflation from 10% to 2.5%.
At least 56 seminaries and facilities being run by JuD and its wing FIF in Pakistan's southern Sindh province have been taken over by authorities.
In a few years from now, India will be looking at an entirely different type of military adversary across the borders, in our waters, in the air, in space and in our communication networks, says Nitin Pai.
It will be headed by Secretary, Department of Financial Services.
Nasheed, whose Maldivian Democratic Party functions from Colombo, appealed for India's help.
Perhaps, the most misunderstood aspect is the role of the state.
Ajay Banga, the 55-year-old CEO of MasterCard, is on a roll.
'We are the first government that has started disarming militant groups. This is the first time it's happening. We've taken over their institutes, their seminaries. We have administrators there'
Since 2009, the Department has publicly charged 73 account holders and 35 professionals with violations arising from their offshore banking activities, and 72 individuals have plead guilty or were convicted at trial.
A K Bhattacharya digs into the yet-to-be-public report on ways to curb black money and finds out that Modi's next moves could include action on dabba trading, hawala, and education.
Brexit is, in the parlance of the financial community, a 'risk-on' development.
The processes that create a seven per cent-plus GDP growth rate without a similar growth in jobs are far from fully understood, says Ajit Balakrishnan.
'Tax dodging through tax havens is one of the ways multinational corporations and the super-rich in India are using to evade taxes.'
In a pre-budget meeting with Finance Minister Arun Jaitley, the experts suggested timely implementation of the BJP's election manifesto promises to fix higher support prices. They also favoured a Kissan TV channel, an efficient procurement policy, priority for farm mechanisation and the linking of rivers.
Eight months after India's largest car maker, Maruti Suzuki India, announced plans for a Gujarat unit to be set up as a wholly-owned subsidiary of parent Suzuki, opposition to the move continues to simmer.
While IDBI Bank's 140 million customers and 1800-odd branches will come in handy for LIC to hawk insurance, the bank can use LIC's massive agent network to sell its retail loans. But if it is run the same way it had been in the past and LIC is a proxy of the government, then it has no future, says Tamal Bandyopadhyay.
GIFT is a financial centre almost entirely devoid of bankers and, indeed, of people.
Ajit Balakrishnan on mapping the Business Serengeti.
Experts expect the trend to continue in the near term.
'The Pakistanis were not the mujahids or terrorists as claimed initially.' .'They were trained soldiers who held state of the art anti-aircraft missiles to shoot down our airplanes.'
The successful orbiting of the satellites by the Polar Satellite Launch Vehicle PSLV C-40 comes four months after the Indian space Research Organisation's mission to launch backup navigation spacecraft IRNSS-1H onboard PSLV-39 ended in a rare failure.
''Even without major reforms, with a business as usual scenario, and with current inflation trends, we should be clocking around 11 to 12 per cent nominal growth.' 'That is not happening and is a source of worry,' Rathin Roy tells Arup Roychoudhury.
'Through a translator, I was able to speak with several of the detainees from India who are seeking asylum.' 'I was saddened to hear the detainees tell us that they are being confined in their cells for up to 22 to 23 hours a day.' 52 Indian are among the 121 asylum-seekers held in an Oregon prison. Rediff.com Senior Contributor Pottayil Rajendran reports from New York on the case that is making headlines in America, India, indeed around the world.
"I never expected it. It was too good to be true," says the 20 year-old.
He said his administration is going to enforce 'Hire American' rules that are designed to protect jobs and wages of workers in the United States.
The new government has to make conscious efforts to rebuild social equality and bring the people together.
Firm to prune domestic costs through initiatives such as voluntary separation
That is bad news for officials taking part in discussions at the International Monetary Fund and World Bank meetings this week.
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