Reserve Bank of India (RBI) Governor Raghuram Rajan's decision to cut rates last week surprised even top officials.
The Supreme Court decision to cancel the allocation of 214 coal blocks will have bearing on thermal power plants, in which the banks have put in more than Rs 1 lakh crore (Rs 1 trillion) as loans.
Mallya, whose Kingfisher Airlines owes money to several banks, had on Thursday said he will challenge UBI's decision to declare him a willful defaulter.
This will be the first major electoral test after the political realignment that emerged in 2019.
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The truth is the government and the Reserve Bank enjoy a free, frank and cordial relationship.
Rate cuts are a natural consequence that the RBI has no hesitancy in delivering.
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The year-end should not be a time for any spectacular changes in the banking system and must pass smoothly, Rajan told reporters after announcing the bi-monthly monetary policy, which left key policy rates unchanged.
He endorsed transparency and financial stability in addition to issues related to inclusive growth and development, write Puran Singh and Nupur Pavan Bang.
India is better prepared to deal with any further US Fed tapering, but the country needs to remain vigilant to face eventualities, Reserve Bank Governor Raghuram Rajan said.
Raghuram Rajan panel report has made a case for ending the 'special category' criteria.
Media has gone beyond its traditional boundaries.
Delhi Chief Minister Arvind Kejriwal, who was sent to Tihar Jail after a court remanded him in judicial custody till April 15 in the excise policy case, will remain under 24x7 watch with CCTV cameras in his cell and could watch TV and read books, officials said.
The agency says that it is exempted from the Right to Information Act.
Royal Challengers Bengaluru's IPL campaign that began with optimism has melted into chaos. Their bowlers require a drastic transformation in mindset against Sunrisers Hyderabad for them to register an elusive win in Bengaluru on Monday.
Dr Rajan has clearly sought to establish his credentials as an inflation fighter and the action should be seen as an indication of how monetary policy will operate during his term.
Rajan's appointment will be perceived as a positive development.
The Reserve Bank of India had taken steps to tighten liquidity in a bid to curb volatility in the forex market after the rupee fell to a record low of 61.21 to the dollar on July 8.
Over to the government how they manage the uncertainty of monsoon and revive spending in order to entice RBI for another round of rate cuts
It would be beneficial for the economy to hold on to high interest rates till inflation numbers are under control.
Lauding the pro-reforms approach adopted by Reserve Bank of India Governor Raghuram Rajan, industry body Confederation of Indian Industry on Thursday expressed the hope that the central bank would shift towards an expansionary monetary policy by cutting interest rates to stimulate growth.
The Centre's fiscal consolidation resolve led to the cut in banks' mandatory SLR for the second time in a row, RBI Governor Raghuram Rajan said on Tuesday, hinting at more such liquidity enhancing steps in tandem with the government's action on fiscal deficit.
Pushed into a tight corner, Royal Challengers Bengaluru rose above their frailties to notch four wins on the trot and stay alive in the race to play-offs. However, a volatile Delhi Capitals offer them a different challenge in their penultimate IPL league match in Bengaluru on Sunday.
The rupee has also risen during the period and is now trading below the crucial Rs 60 against the dollar mark.
The RBI guv said global economy is actually recovering, though slowly
The dealers operating in the space have jumped nearly three times over the past two years.
All eyes are on new Reserve Bank Governor Raghuram Rajan who will come out with his maiden monetary policy review on Friday amid conflicting demands for rate cut and an urgent need to contain inflation which soared to 6-month high of 6.1 per cent in August.
Given their stability, the rupee and the renminbi (Chinese currency) -- when made convertible -- could well emerge as substitute currencies which countries will hold their reserves, stated Raghuram Rajan, Economic Advisor to the Prime Minister and Professor of Finance at the Chicago Graduate School of Business, on Wednesday.
Rajan, further said, the government was not contemplating more steps to curb gold import, and significant reduction was likely in June.
Guruvayoorambala Nadayil is a no-holds-barred, silly comedy that will keep you glued to the screen even when the going gets tough towards the end but the smile on your face will not leave, observes Arjun Menon.
The RBI kept its key policy repo rate unchanged at 8.0 percent in its recent monetary policy.
Last August, RBI gave in-principle approval to 11 applicants.
Rajan, who will complete a month as the governor of Reserve Bank of India on Friday has already succeeded in restoring calm in the foreign exchange market.
As heavy rains continued to batter Kerala, landslides and flooding were reported from many parts of the state, especially its southernmost district of Thiruvananthapuram, which was severely affected by waterlogging in several areas on Sunday.
On September 4, at a time when the rupee was the worst performer among Asian currencies, Raghuram Rajan took charge as RBI's governor.
RBI governor Raghuram Rajan says, laws must be tightened for freeloaders.
Journalist Jigna Vora, arrested in the murder of senior crime reporter J Dey, invited the suspicion of investigators when she claimed she never spoke to gangster Chhota Rajan on phone, an assertion not backed by facts, police said on Monday.
Raghuram Rajan on Tuesday said the central bank cannot ask them to lower the rates.
RBI data show one-fifth of all the infrastructure loans are stressed and the share of such loans in overall stressed assets is nearly a third.
Nikhalje was arrested under Maharashtra Control of Organised Crime Act in 2005 and spent two years behind bars
The Bengaluru outfit will hope for a reversal at the Sawai Man Singh Stadium, a venue that carries similar traits as RCB's home -- Chinnaswamy Stadium -- in terms of a smooth pitch and a blistering outfield adding value to the batters' shots.
