The government's step to curtail fiscal deficit is helping the central bank's monetary policy, Rajan said.
An army of 'book fairies' are anonymously dropping off some delightful books in public places across the world.
Since January 2015, the central bank has lowered its policy rate.
Stung by the crisis arising out of the Syndicate Bank bribery case, lenders have gone into a fire-fighting mode to avoid fresh bad loans from their exposure to Bhushan Steel, one of the most indebted steel companies in the country.
The government's critics say that the Prime Minister failed to rein in vicious and unprecedented personal attacks on the central bank chief by the likes of Rajya Sabha MP Subramanian Swamy.
.jpg)
Bankers remained ambivalent on the impact of Tuesday's policy announcement by Reserve Bank on the cost of funds and refrained from giving a guidance on the direction in which lending rates are headed.
'Omerta is a work of true moral force; it is, at the risk of sounding fancy, a motion picture for our times,' says Sreehari Nair.
A bigger problem is that there is no clear definition of "call drops".
Very few things can faze Madhukar V Kulkarni, a cop of 30 years. Yet, an innocuous smartphone scares him. For those like him in Maharashtra's cities, tech classes have stepped in to teach them how to embrace Skype & WhatsApp. Ranjita Ganesan reports.
What will be the impact on the Euro itself? Will it devalue and to what extent?
Gandhi and Birla, in spite of their closeness, too differed.
The second fortnight of September saw Rs 3 lakh crore of time deposits, something unique, followed by liquidation of Rs 1.2 lakh crpre of these right after.
The annual talk-fest of rich and powerful from across the world in snow-laden Alpine resort town of Davos will be attended by nearly 40 heads of government among more than 2,500 global leaders from over 100 countries.
Payments banks will mainly deal in remittance services and accept deposits of up to Rs 1 lakh.
'It all runs on sugar-coated lies. If I like something, I will want to believe it.'
This is the first time in the RBI's history that a governor is leaving without willing to renew his contract
The Reserve Bank left interest rate unchanged.
India Inc has few leaders who are likely to grab headlines in 2015.
The move comes ahead of the tighter provisioning norms kicking in from next April
NPAs, cost, fee income, productivity, HR reorientation are focus areas; schedules drawn for addressing all from weeks to a year.
Inflow of more funds is likely to widen the reach of insurance and drive M&A activities in the sector where growth has stalled.
Berkshire Hathaway annual meetings are most awaited.
Public sector banks are inefficient, poorly governed and beset by largescale corruption.
'Rajan brought in a healthy air of competition in the banking sector.'
Describing India as an "emerging democratic superpower", Australian Prime Minister Tony Abbott on Thursday kicked off his two-day India visit during which the two countries are likely to clinch an elusive civil nuclear deal.
This has spelt trouble for the mills. Most of them are unable to pay the farmers.
Banks in India must have a modern approach, suggests a panel comprising of banking bigwigs.
'The Budget has maintained fiscal prudence while announcing a number of steps to boost growth, particularly in infrastructure and rural sectors.'
The argument that a Bharatiya Janata Party government has no business marking the 125th birth anniversary of Panditji makes little sense, says Virendra Kapoor
'Nowhere in the country, except perhaps Jammu and Kashmir, do extremist groups enjoy political patronage as they do in Kerala. Terrorists are exported from Kerala to Afghanistan, Syria.'
'Non Resident Indians know that India's problems are the combination of many factors over the centuries, including foreign rule, lack of resources and the ever-growing population, among other things. Yet, India has achieved many things and even looks at Mars as a neighbour.'
'SBI is already too big. Too big to fail.' 'It already is a moral hazard. What will it do with 20,000 branches that it cannot do with 14,000, especially in these days of online and mobile banking?'
'The overall stress on asset quality is indeed coming down.'
Saina Nehwal's wish to be in her home team came true as Hyderabad Hotshots bought the Indian star for USD 120,000 but world number one Lee Chong Wei proved to be the costliest, going to Mumbai Masters for USD 135,000 in the inaugural Indian Badminton League's players auction on Monday.
'It used to sound very strange.' 'That the same child who used to sing Jana Gana Mana the loudest in class, who celebrated August 15 and 26th January with such fervour and who has always nurtured the desire to make India a better nation being called desh drohi.' 'It was very painful.'
AAP has been vociferous since its inception and has mainly raised issues pertaining to corruption. A political party must have crisp and specific standon all issues which concern the nation not just corruption or secularism; and AAP has failed to deliver on all these counts, says Aditya Shah and Aadit Kapadia.
In any controversy, the participants cannot decide who is right or wrong. A democracy has a process in place to settle these disputes: the judiciary. Dinanath Batra in true democratic fashion availed of that opportunity citizen and Penguin's decision was the outcome of a legitimate legal battle, says Vivek Gumaste.
'Narendra Modi could be too old to change his personality. On the other hand, his attachment to the RSS could be mostly sentimental. So one must hope that if he becomes prime minister, he is able to detach himself from the RSS view of the world as completely as Narasimha Rao detached himself from the Congress's First Family.' 'India cannot be governed by the autocratic methods by which he has governed Gujarat. If he becomes prime minister he will have to learn to speak in a more civil language about his political opponents,' historian Ramachandra Guha tells Arthur J Pais/Rediff.com
