In refusing to accept its failure, the government has sowed the seeds of further damage: by keeping India short of cash; reducing the headroom for responses to seasonal spikes in cash demand; and increasing the chances that groups will panic at temporary cash shortages, says Mihir Sharma.
The central probe agency has also issued a notice asking general public 'to furnish information and particulars of properties, both movable and immovable as well as bank accounts, in the state of West Bengal and other places, if any, related to Saradha group known to them, with specific details' to it.
The Congress said arrogance of the BJP has touched its zenith as it turned 'blind' to farm distress.
In addition to the problem of long queues at automated teller machines, there would be the problem of guiding new cardholders, especially in rural and semi-urban areas, on how to use those cards, some bankers told Business Standard.
The problem is set to grow following issuance of 75 million new RuPay cards in the next six months with the launch of the Jan Dhan Yojana.
Tamal Bandyopadhyay details HDFC Bank's digital journey.
A glance back at some of the important ups and down Indian Inc faced in 2018.
'The RBI is not releasing Rs 2,000 notes for the last 10 days; probably they have stopped printing it.'
Customs and excise duty rates have been amended mainly to promote Make in India.
Over 20 political parties, except the Biju Janata Dal and the Communist Party of India-Marxist-led Left Front, took part in the massive rally.
Lenders get a clear idea about your financial health, risk profile and personality trait
In an attempt to acquire consumers, banks have been providing a lot of technology-enabled services, which used to be offered free.
The opposition has attacked the Modi government over the National Democratic Alliance's last full-fledged budget before the 2019 Lok Sabha elections.
The Street is never short of hope and events to look forward to
The blockchain, the public ledger that tracks every bitcoin transaction, is changing commerce as we know it, says Devangshu Datta.
Prequel to take you where no Star Trek has gone before.
Several low-lying areas in the city and suburbs were water-logged after overnight heavy showers
Kanyakumari has the highest per capita income in Tamil Nadu and the second highest literacy rate. There are 23 candidates the fray.
Once these banks start showing losses, they will not be able to pay dividends to the government nor pay taxes, which will further aggravate the situation for the government as its return on investment as an investor would be very negligible for the next few years, says M V Subramanian.
'The armed forces have been given clear indication that they have to give priority to Make in India and indigenisation and dependence on foreign source should be reduced.' 'Almost Rs 90,000 crores contracts have been signed during my tenure. Another almost Rs 70,000 crores are in the pipeline.'
The government has provided a long-term vision.
This is the joint statement issued by the ministry of external affairs on the visit of US President Barack Obama to India.
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