'So far as supervision is concerned, there are enough powers but to take action on public sector banks, consultation with the government is needed.'
A look back at some moments from Thursday
India has been opposing the pact as ITA will only benefit the country when its domestic manufacturing is robust.
According to the final draft of the negotiating text circulated by WTO Director-General Roberto Azevedo among trade ministers of the 159 member countries on Wednesday night, on public stockholding for food security purposes, a developing country like India can provide subsidies for farm support even if those exceed the permissible 10 per cent cap.
The biggest lesson China can teach India is that when it comes to sustaining a love affair with investors, nothing works better than an undervalued currency and its by-product: a current-account surplus.
'Although Hong Kong weathered many a storm and displayed a remarkable resilience to bounce back, the developments in the territory have raised question marks with regard to its future stability and prosperity.' A revealing excerpt from Rup Narayan Das's Hong Kong Conundrum: Pangs of Transition.
Critics have even suggested that India is doing this because it is not prepared to take on the requirements of TFA, with a relatively weak trade infrastructure.
While the US-Iran conflict leading to a spike in global oil prices and trade war between the US and the EU topped the chart with 25 per cent, other major risks to the global economy include coronavirus, debt burdens causing a recess across emerging markets and Hong Kong protests causing an exodus from Asia's biggest financial centre.
Special Economic Zones are likely to be central to realising Prime Minister Narendra Modi's ambitious Make in India agenda.
The first of its kind, a gem bourse to cater to the needs of the gemstone industry of the Pink City where all the business could be transacted under one roof, would soon become a reality.
Panagariya has advocated a more liberalised spending, arguing that greater capital expenditure could relax some of the infrastructure bottlenecks facing the country.
The government on Wednesday unveiled the FTP for 2015-20.
Behind the movement are shock-workers functioning quietly to ensure that a seemingly spontaneous, apolitical, grassroots mobilisation sustains itself without dribbling into chaos or violence. Sai Manish lists some of them.
The report '2014 International Piracy Watch List,' by International Creativity and Theft-Prevention Caucus highlights the high levels of piracy and the lack of legal protections for copyright in China, Russia, Switzerland and India.
Country's economic growth at 9% requires exports to rise by around 20%, says NSC chairman Pronab Sen
The wet market was where a variety of live animals were traded until it was shut down following fears that the coronavirus had jumped to humans either from bats or pangolins.
The Nifty and Bank Nifty ended at record closing high of 7,913 and 15,865 respectively.
The top 10 in terms of the number of MSMEs is dominated by the larger states with Uttar Pradesh at the top.
In what is seen as the first sign of China's exasperation over Russia's Ukraine war, Chinese President Xi Jinping on Thursday raised 'questions and concerns' over the conflict in his meeting in Samarkand with Russian President Vladimir Putin who thanked Beijing for its 'balanced position' on the crisis.
The rules, the first ever for software applications in the country, were recently issued by the patent office and mandate each new software to be 'machine-specific' and packaged with 'new hardware' to qualify for a licence.
Had it not been for the intellectual dominance and political legitimacy of the Leftist philosophy since 1970, would EPW have become what it did? After all, there were other more established journals around then, says T C A Srinivasa-Raghavan.
Higher local output estimated to depress cross-border sales
Delhi Chief Minister Arvind Kejriwal announced that primary schools will be closed from Saturday in view of spike in pollution levels in the national capital.
'Wherever in the world there is political instability, those countries are beset with severe crises today. But India is in a much better position than the rest of the world due to the decisions taken by my government in the national interest,' President Droupadi Murmu said in her address to both Houses of Parliament.
India is threatening to block the World Trade Organization (WTO)'s trade facilitation agreement (TFA) reached at Bali last year unless its agricultural policies are permanently excluded from multilateral scrutiny.
If you are serious about countering the Chinese threat, then the best weapon is investing in real freedom, plurality, elections and democracy. Unfortunately, it isn't an approach all Indians currently seem to agree on, asserts Shyam G Menon.
These images from across the globe tell that it is a crazy world out there!
Nirmala Sitharaman's messaging was clear when she presented a well-balanced Budget with an eye on state elections in nine states followed by a general election next year, observes Ramesh Menon.
In an interview with Nayanima Basu, the DG lauds the efforts of Indian negotiators in bringing the deal on the table.
As Commerce and Industry Minister Anand Sharma ruled out any possibility of a compromise, whispers were already being heard of a possible collapse of the talks.
The ED has received documents from almost all banks that lent money to KFA.
Currently, foreign lenders are present in India only through branches or representative offices.
The two countries, among the very few fast growing large economies globally, also decided to boost bilateral trade and investment in areas of oil and gas, renewable energy, IT and pharmaceuticals, during talks between Prime Minister Narendra Modi and Indonesian President Joko Widodo.
RBI governor Raghuram Rajan is likely to cut rates in next monetary policy.
Taking away free healthcare facilities, as recommended by the Aayog, would place a huge burden on the people, especially in rural areas, says Devanik Saha.
The firm would require it to more than triple its CAGR of revenue to 18.5% for the next decade from 6%
However, the government's draft policy on e-commerce companies has forced consumer companies to also adapt to the changes. For Dabur India, e-commerce channel continues to be a key driver of growth in urban India. The contribution of online sales to its entire portfolio is at six per cent compared to 1.5 per cent before the pandemic.
Narendra Modi's pay-off from relaxing labour laws would be huge.
The assurance comes as India's Covid graph dips -- on Friday 1,109 new coronavirus infections were reported -- and also one case of a new Covid strain in Mumbai.
