The system envisaged under the FRDI Bill, if implemented properly, would help improve the efficiency of capital allocation without harming consumers, and without risking the stability of financial firms, says Ajay Shah.
The consumer price index was estimated as being up 3.5 per cent in March from a year ago, the biggest increase in 15 years. On June 6, 2007, the European Central Bank raised its key interest rate from 3.75 pe cent to 4.00 per cent, the highest level in almost four years. In terms of economic freedom, old Europe still lags behind. The Heritage Foundation has the three largest economies, Germany, France, and Italy, ranked 19th, 45th, and 60th respectively in the world.
Talks on with P&G, HUL, Patanjali, among others to push their products via 250,000 common centres
The Appellate Tribunal for Electricity has set aside an order of Maharashtra Electricity Regulatory Commission against Reliance Energy Ltd on a dispute related to billing complaints by its customers in Mumbai.
Unlike other SM sensations, 'Khan Sir' became a star with well-researched news-related videos, not 30-second inanities. Syed Firdaus Ashraf tracks down the elusive coach to IAS aspirants.
Finance Minister Nirmala Sitharaman on Wednesday announced Rs 3 lakh crore collateral free automatic loan for businesses, including MSMEs, to benefit 45 lakh small businesses. Detailing parts of the Rs 20 lakh crore economic stimulus package, she said this loan will have a 4-year tenure and will have 12-month moratorium, she said.
Prof B Ravishankar from Mylapore, Chennai shares his inspiring story.
Maggi banned in Delhi for 15 days.
Gokarn was the first Indian central banker who regularised warnings to the government, through the monetary policy statement, on the need to reduce fiscal deficit.
Watal panel had suggested an independent payments regulator be set up.
The revised salaries of central government employees are likely to be paid from July 1, 2016.
Higher rural incomes, pay commission benefits, and lower interest rates are key positives: Analysts
Officials in the power department said industrial demand (which accounts for 40 per cent of the state's power consumption) didn't rise last year, contributing to surplus power.
The decision, taken by the Cabinet Committee on Economic Affairs headed by Prime Minister Narendra Modi, comes less than a year before next general election.
The removal of over 54,000 accounts was the largest such removal yet.
It is worrisome that salaries are consuming as much expenditure as equipment.
Canada is the top supplier of pulses to India, which is expected to import 1 million tonnes more this year.
Joseph Stiglitz accuses the US of negotiating over issues already settled at the World Trade Organization.
In April, RBI had projected retail inflation to be around 5 per cent.
Among the states due for election next year are AP, Haryana and Odisha, which have a fair share of agri credit. If these states individually announced debt relief, the combined waiver would be at least around Rs 600 bn to Rs 700 bn. Clearly, this will be a frightening challenge for Indian banks.
The 6-member Monetary Policy Committee, headed by Reserve Bank of India Governor Urjit Patel, in its fifth bi-monthly review, kept the repo rate unchanged at 6 per cent and reverse repo at 5.75 per cent.
In his blog, sikka said, "It is clear to me that despite our successes over the last three years, and the powerful seeds of innovation that we have sown, I cannot carry out my job as CEO and continue to create value, while also constantly defending against unrelenting, baseless/malicious and increasingly personal attacks."
"The main risk stems from the uncertainty surrounding the outcome of the south west monsoon in view of the rising probability of an El Nio event around July-August, and its implications for food inflation," RBI said, as it kept the status quo on key interest rate for the third time in a row.
With a view to increase efficiency and competition in the power sector, Central Electricity Regulatory Commission on Monday allowed open access in transmission system to power generating and distributing companies with immediate effect.
Both are focused on the overall transportation business, in which taxi services are only a part; the extended ambit includes autos, motorbikes, cycles, electric vehicles, water transport as well as food delivery services, says Surajeet Das Gupta.
Favouring independent regulators for railways and road sector, Planning Commission deputy chairman Montek Singh Ahluwalia on Friday stressed on the need for proper policy framework defining the role of these monitors.
Post the correction over the past one year, we are seeing opportunities across sectors.
Dealer despatches will probably be a good signal of economic turnaround or further deterioration, says Devangshu Datta.
Representatives of the Maratha community attributed the stepping up of pressure by the community to the "arrogance and lies" told to its members by the Bharatiya Janata Party-led government, and the "uncontrolled anger" among its youth over the delay in getting reservations.
Noting that several external probes are currently underway -- including police investigation -- preliminary inquiry conducted by the district administration, inquiry by State Sports Secretary and inquiry by State Human Rights Commission, "hence it would not be appropriate to make any specific comment in this regard."
Nestle says newly manufactured Maggi found safe in tests; to start retail sales this month.
One should appreciate the sagacity and audacity of JRD and Nani Palkhivala in founding TCS on April 1, 1968. At that time there was no Microsoft or Intel, SAP or Accenture, much less Google.
They needed a person who could build and execute their vision: A frontiersman; a problem solver and an institution builder. It was their and India's good fortune that Faqir Chand Kohli more than measured up to their requirements and indeed laid the foundation to take TCS to unimaginable heights and to the giant success that it is today. Shivanand Kanavi salutes the incomparable F C Kohli, who passed into the ages last week.
With 1.35 billion users of its Internet social network, Facebook Inc would rank as the world's second-most populous nation if it were a country.
The government hopes of registering GDP growth rate ranging between 6.1-6.7 per cent in 2013-14.
