India has been relatively insulated from the severe headwinds in the West. However, with a third of the global economy expected to slip into recession in calendar year 2023, the impact will strongly be felt on India's exports and trade economy, leading economists said in a panel discussion at the Business Standard BFSI Insight Summit in Mumbai on Wednesday. The panel comprised former Reserve Bank of India executive director and former Monetary Policy Committee member Mridul Saggar, State Bank of India Chief Economic Advisor Soumya Kanti Ghosh, Citibank India Chief Economist Samiran Chakraborty, ICRA Chief Economist Aditi Nayar, and IndusInd Bank Chief Economist Gaurav Kapoor. The topic of the panel discussion was No recession in sight: Is India decoupled from developed economies?
Violence had rocked West Bengal's rural polls on Saturday, leaving 15 people dead while ballot boxes were vandalised, ballot papers torched, and bombs thrown at rivals in several places.
The Nizam's descendants, Prince Mukarram Jah -- the titular eighth Nizam of Hyderabad -- and his younger brother Muffakham Jah, joined hands with the Indian government in the legal battle against Pakistan for possession of over around 35 million pounds lying with NatWest Bank plc in London.
The staff of public sector banks had gone on a nationwide strike for two days beginning February 10 after discussions with the IBA failed.
State Bank of India, the nation's largest lender, has stopped processing transactions of Russian entities that have been sanctioned by the West over Moscow's invasion of Ukraine, sources said. To effect this, SBI has issued a circular as it fears that any transaction with entities or sectors under sanction will invite sanction on it as well, sources said. No transactions involving entities, banks, ports or vessels appearing on a US, European Union or United Nations sanctions list would be processed irrespective of the currency of the transaction, they said. Payments due to such entities have to be processed by other mechanism rather than through the banking channel, sources added.
'So far as supervision is concerned, there are enough powers but to take action on public sector banks, consultation with the government is needed.'
'The market has picked up for commercial vehicles. We are very close to pre-pandemic levels.'
The next 10 images prove that we live in a wonderfully weird world.
Tipra Motha has decided to go solo and hopes to sweep the 20 tribal-dominated seats that hold the key to power in the northeastern state that has a 60-member assembly.
Sandeep Kaur could face up to 20 years for each robbery.
West Bengal is poised to become the rape capital of India, but its chief minister refuses to face reality, says Debosmita Sarkar.
Rajasthan Royals would be banking on their near-perfect combinations in almost all departments of the game to put up another commanding performance when they take on a strong Punjab Kings.
A senior Hamas official has admitted the militant group's involvement in the kidnapping and murders of three Israeli youngsters which sparked off the current violence in Gaza, contrary to the outfit's earlier claims that it had nothing to do with the killings.
The central agency asked Banerjee to appear at its Kolkata office on Friday morning, he said.
Prime Minister Narendra Modi's offer of central assistance in arresting the downward slide in West Bengal and National Security Advisor Ajit Doval's ongoing trip to the state and his asking for Mamata's cooperation in handling the situation and in dissolving the anti-national and inter-country network of jihad that has now chosen her state as one of its base, is perhaps Mamata's last best chance to salvage the situation, says Dr Anirban Ganguly.
With regular skipper Shreyas Iyer ruled out, the Kolkata Knight Riders will heavily bank on new coach Chandrakant Pandit as they set their eyes on a third IPL title.
In the 12-month cycle starting July 2013 and ending June 2014, World Bank had made financial commitments close to $5.2 billion in India.
Home loans also pose lower bad-debt risks for the banks than corporate loans.
A summary of Wednesday's action in the Premier League.
'With technology advancing rapidly, the need for branches is declining.'
The ruble has recouped most of its losses and become the top-performing currency globally. It continues to gain and is up 60 per cent against the US dollar from its lows in the first week of March. The ruble appreciated to 83 to the dollar intraday on Tuesday against a record low of 139 on March 7.
The stage is set for the inaugural edition of the Women's Premier League, which will get underway in Mumbai on Saturday.
At least nine Israelis were stabbed by a 23-year-old Arab man on a bus in Tel Aviv, the latest in a series of 'lone-wolf' terror attacks in which Palestinians have used knives, meat cleavers and vehicles as weapons.
India will have the presidency of the BRICS' $100 billion New Development Bank for six years with headquarters in China that will become operational in about two years, a major step for reshaping the international financial system dominated by the West.
Intense bidding is expected to be the order of the day when 10 teams jostle to grab their preferred players in the IPL players' auction in Kochi on Friday.
The Missionaries of Charity is a Catholic religious congregation established in 1950 by Nobel laureate Mother Teresa to help the poor and destitute,
Electoral bonds have been pitched as an alternative to cash donations made to political parties as part of efforts to bring transparency in political funding.
The Ganga has crossed the danger mark in West Bengal, Bihar and neighbouring districts of Uttar Pradesh where Yamuna river is also in spate, while heavy rainfall has created a flood-like situation in some parts of Rajasthan where six persons have died so far.
'It is human nature to get angry and annoyed when you are inconvenienced.' 'But we were able to enroll a few of our customers as 'bank mitras', who with my staff made sure that the queues were orderly and coupons were given to all the customers who wanted to withdraw or deposit money.'
Central Bank of India has said it will take a decision in the current financial year to enter insurance business.
Former education minister of West Bengal Partha Chatterjee and his aide Arpita Mukherjee were sent to 14 days in judicial custody by a special court in Kolkata on Friday in the SSC scam case.
Ahead of the 2023 IPL season, let's take a look at the strengths and weaknesses of the Aiden Markram-led Sunrisers Hyderabad.
They were all fielded by the Samajwadi Party and its alliance partners.
The bank got the share in lieu of repayment of loan.
Announcing that a district-wide bandh was being organised in protest against the killing, Chaudhary said that if no headway is made in the investigation within 48 hours, there will be a state-wide stir.
States have been told to prepare in advance to counter any impact of an adverse southwest monsoon.
Satish Kumar, a resident of Uttam Nagar and who used to work as a vegetable vendor in Keshopur Mandi, collapsed outside an Oriental Bank of Commerce branch, on Najafgarh road, while he was standing in a queue with his friends.
The hour-long episodes lurch from adrenaline-pumping to yawn-inducing, observes Deepa Gahlot.
The microfinance vertical of the bank will provide loans of Rs 80,000 to Rs 1,00,000.
Overseas stars likely to make a difference to their IPL teams this seasons.
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