The World Bank held India's Fifth Pay Commission as the "single largest adverse shock" to the country's strained public finance, according to the bank's India Development Policy Review.
RBI and Sebi are close to reaching an agreement for providing waiver of existing norms to banks.
The FT report said the existence, size and investments of the highly profitable internal trading fund, which was set up three decades ago, have until now remained largely unknown outside a circle of former and current insiders.
When Barack Obama lands in Delhi for the Republic Day celebrations, he will be taken along the city's prime esplanade in a vehicle fitted with a special night-vision system, tear gas cannons, steel wheels, a blood bank holding the president's blood type and its own oxygen supply. Obama's Cadillac limousine, or the 'Beast', as the US Secret Service likes to call it, will be used to ferry him during the course of his visit to India. Obama's, however, is not the only fortress on wheels that will trundle down Rajpath. Prime Minister Narendra Modi travels in a BMW 7-Series 760Li Security Edition Here is a comparison between Obama's Cadillac and Modi's BMW
RBI governor Raghuram Rajan said, banks may be soon allowed to increase stake above the current cap of 10 per cent in companies undergoing debt restructuring.
With a new $100-billion technology fund, SoftBank is likely to go after market leaders.
To the question on what comes first, clean up or growth, Rajan said the answer is unambiguously 'Clean up!'
The spike at private sector lenders like ICICI Bank and Axis Bank follows a push to grab market share from India's dominant state banks.
India's aggregate NPA as a percentage of GDP is far lower than that in Italy, Greece.
As liquid tightening measures were likely to be temporary, any change in lending rates would depend on the length of these measures, according to bankers.
The RBI will display names of applicants on its website.
Lenders taking up incubator-style roles with small investments in start-ups
The 30-share Sensex ended 53 points higher at 28,439 and the 50-share Nifty closed 18 points higher at 8,494.
Finance minister Arun Jaitley has delivered a Arun Jaitley delivered a bold, far sighted budget
We still have time for this government to take action.
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