Reserve Bank of India Governor Shaktikanta Das tells Anup Roy, Raghu Mohan and Niraj Bhatt that it is time for banks to lower interest rates and start lending to cash-starved finance companies after due credit appraisal and proper risk assessment.
Veteran cricket administrator Inderjit Singh Bindra on Tuesday said that renowned banker Vikram Limaye should take the lead in representing BCCI in the upcoming International Cricket Council's meeting on February 4.
'Trust your new governor,' Omkar Goswami advises RBI Deputy Governor Viral Acharya. 'Just because he is from the IAS and doesn't carry a PhD from a US university does not make him unsuitable for the task.' 'If anything, Das will pour oil on troubled waters, and save the RBI's reputation.'
'Without appropriate supervisory constraints in place, banks are in a position to delay the recognition of losses and engage in ever-greening or zombie lending, which is essentially the rolling over of debts of unviable borrowers that would have otherwise defaulted,' points out RBI Deputy Governor Viral Acharya.
The resignation is sure to create more political firestorms for the government as it comes on the eve of the winter session of Parliament where the Opposition has already made it clear to the treasury benches that infringing on the RBI autonomy would be a big talking point for them.
While IDBI Bank's 140 million customers and 1800-odd branches will come in handy for LIC to hawk insurance, the bank can use LIC's massive agent network to sell its retail loans. But if it is run the same way it had been in the past and LIC is a proxy of the government, then it has no future, says Tamal Bandyopadhyay.
'Today, bankers don't want to take risks as the good decisions taken by them were not protected.' 'There is risk involved in all decisions, like businessmen taking risks in their businesses.' 'A banker must have taken a decision when the economic condition was different, and you cannot question him on the basis of the present situation in hindsight.' 'Naturally, this has affected the morale of bankers.'
What connects P S Jayakumar of Bank of Baroda, V Vaidyanathan of Capital First Ltd and Chandra Shekhar Ghosh of Bandhan?
Australia cricketer Phillip Hughes was wearing an older model helmet when he suffered a serious head injury on Tuesday and the latest version released about a year ago might have offered better protection, the equipment manufacturer has said.
Former Union minister and Congress leader Rajeev Shukla was re-appointed chairman of the powerful IPL Governing Council on Monday, ending a month-long suspense over the selection for the top post in the cash-rich Twenty20 league.
New Zealand secured their third straight win to book a spot in the semi-finals of the World Twenty20 after beating Pakistan by 22 runs at the Punjab Cricket Association Stadium in Mohali in their Super 10 stage match on Tuesday.
An international tribunal in the Hague has ruled in favour of the Philippines.
Heading to the third year, will Urjit Patel be busy firefighting a currency crisis? Almost no governor of the RBI managed to evade it and Patel perhaps knows it.
Table-toppers Sunrisers Hyderabad will look to quickly bounce back from the disappointing loss against Delhi Daredevils and seal their place in the play-off when they take on a resurgent Kings XI Punjab in an IPL clash in Mohali on Sunday. Knowing that there is scramble among top teams for the playoff berth and holding on to top position is not an easy task, SRH will have to put the loss against Delhi behind and look to put up an all-round performance on Sunday. What has made this game at the I S Bindra PCA stadium even more important for Hyderabad is the fact that Punjab, which has struggled through the tournament, has suddenly started turning over a leaf under their new captain Murali Vijay, whose appointment was made mid-way. The Punjab outfit, which is lying at the seventh place with four wins from 11 outings, pulled off a comprehensive seven-wicket victory against Mumbai Indians at Visakhapatnam on Friday night.
Quick bucks made through popular Twenty20 leagues are spoiling fast bowlers across the world as they stop working hard after initial success, laments Australian pace legend Glenn McGrath. "Biggest issue which I find, probably not just in India, probably around the world is how hard they are prepared to work. "And if they do get little bit of success playing in IPL or big bash in Australia is that they get to that level and they think they have made it and they stop working hard and they stop training as much," McGrath said after attending a coaching clinic for Under-23 pacers at the PCA stadium in Mohali.
Stung by an improved New Zealand the other night, a wary India would like to quickly get their house in order when they square off with Kane Williamson's boys in the third ODI in Mohali on Sunday. While the six-run defeat in Delhi has given India plenty to ponder about, it has also renewed interest in the contest which had been dominated by the home team prior to Thursday, stretching from the one-sided Test series to the first ODI in Dharamsala. From the New Zealand point of view, a victory was all that they needed after a string of deflating defeats. As a result of their first win on Indian soil in 13 years, one can expect a certain spring in the stride of the visitors when they take the field at the PCA Stadium in Mohali.
Australia rode on James Faulkner's brutal unbeaten 29-ball 64 to take Australia to thrilling 4-wicket win in Mohali on Saturday.
Australia rode on James Faulkner's brutal unbeaten 29-ball 64 to take Australia to thrilling 4-wicket win in Mohali on Saturday.
Powerful batting lower down the order followed by tidy bowling helped Mumbai thrash Saurashtra by 16 runs in the West Zone T20 league game, for the Syed Mushtaq Ali Trophy, at the MCA's BKC ground in Mumbai on Wednesday.
After helping the government in policymaking since October 2014, Chief Economic Adviser Arvind Subramanian is returning to academics and will be teaching at Harvard Kennedy School on a visiting position. In an interview to Dilasha Seth and Somesh Jha, he says the ease of doing business agenda needs to move forward and India must try to integrate with the global value chains. Edited excerpts.
China released a white paper against the UN-backed tribunal's verdict, insisting that Beijing has claims over the strategic region for 2,000 years.
'With the recent challenging of the notion of the Indian Ocean Region being India's strategic backyard, China is gradually upping the ante in the maritime realm around India.'
Images from Day 1 of the first Test between India and South Africa in Mohali, on Thursday.
If anyone is targeting Sasikala or the AIADMK, then they should be looking elsewhere, not at Deepa for leading a revolt successfully, says N Sathiya Moorthy.
With India all set to host the ICC World Twenty20 for the first time in 2016, we take a look at the 8 grounds that will host the 58 matches over 27 days from March 8 to April 3.
A summary of the opening day's play in the Ranji Trophy matches, at various venues over the country.
Naresh Chandra, former cabinet secretary, diplomat and well-known strategic thinker, tries to explain what the Modi government is up to and assesses what will work and what may not work and why. He spoke to Sheela Bhatt/Rediff.com, also, on diplomatic issues.
Round-up of the Ranji Trophy matches being played in different parts of the country.
