Most public sector banks, flush with deposits now, offer 3-4% interest on savings deposits, while a few private sector banks go up to 6%.
'We do India great disservice if we continue to perpetuate a flawed narrative on trade, one based on myths rather than facts,' says Hardeep Singh Puri.
Sentiment very bullish for 2017; prices could touch all-time peak of $1,161 soon and may double from present levels by the end of the year. Rajesh Bhayani reports.
According to Subbarao, the pressure on the currency was inevitable.
Indians must remember that Pakistanis hate losing to India, at war or in cricket, says Sanjeev Nayyar.
The key reason for the country's stagnating exports is its failure to build a strong manufacturing base, says T N Ninan.
Includes those dealing in high-value property and petrol pump owners
The second fortnight of September saw Rs 3 lakh crore of time deposits, something unique, followed by liquidation of Rs 1.2 lakh crpre of these right after.
Rupee movement, global cues key for stocks this week: Experts
State-run Bank of Baroda and Oriental Bank of Commerce are among those facing scrutiny.
Over two dozen Muslims have been elected to the Lok Sabha. This shows that all is not lost for India's Muslims, suggests Mohammad Sajjad.
With trade deficit falling 24% in Apr-Dec and stable capital flows, FY14 may end with a balance-of-payments surplus.
FPIs, which are holding large exposures in Indian debt, could also be expected to book some capital gains as yields slide down
Promoters, who have a higher degree of accountability and public responsibility, should share more details about themselves.
It is important to establish a professional boundary with your friend at work.
In a breather to social activist Teesta Setalvad and her husband, the Bombay high court on Friday granted the duo 17-day interim relief from arrest in a Central Bureau of Investigation case alleging that her company received Rs 1.8 crore from abroad without mandatory approval from Centre.
The rupee appreciated further on Thursday, adding 106 paise to 66.01 against the dollar, after steps taken by new Reserve Bank of India Governor Raghuram Rajan to attract US currency inflows boosted market sentiment.
The capital markets regulator has incurred litigation expenditure in the range of Rs 4-5 crore (Rs 40-50 million) in each of the past three financial years, while such expenses could be even higher in the current fiscal ending this month.
'Considering that an Internet company's market value is largely determined by its direct access to consumers for digital services, and largely served outside a sovereign country's control, it would appear reasonable in trade terms to discuss fees for a seat at the proverbial 'table' of opportunities in the largest open consumer market,' argues Venki Nishtala.
Most adult Indians should have access to bank deposits, credit and remittance facilities as well as insurance and mutual fund products in the next decade, and technology will play a big role in this transformation, says Tamal Bandyopadhyay.
'Unless we start making the products we need, we cannot become a developed country or call ourselves an economic power.'
Many anticipate that by the 2021 assembly elections in West Bengal, the BJP may come to power, says Mohammad Sajjad.
"There has been one meeting (on this). It is a matter of setting up the governance structures. Now ball is in the court of the Indian side to finalise the governance of the setting up of the fund. We are ready for it," the UAE ambassador Dr Ahmed Al Banna said.
Barack Obama and Raul Castro vowed to set aside their differences in pursuit of what the US president called a "new day" for the relationship between the neighbours.
In August, RBI allowed 11 business houses to start a payments bank.
Questioning the bullet train in view of the investment needed in Indian Railways is similar to saying that India needed to invest in primary education rather than in IITs, says Shreekant Sambrani.
RBI recently hiked LRS limit to $125,000 or Rs 7500,000 as on Aug 19 with $/rupee rate of 60
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This means individuals like Vikram Pandit, former Citibank chief, can be a promoter only if he comes back to the country permanently.
A Delhi court on Friday framed charges against five persons, including three former naval officers and an ex-IAF Wing Commander, in the 2006 Naval War Room leak case.
A Delhi high court judge on Friday recused himself from hearing the plea of Congress president Sonia Gandhi's close aide Vincent George against a trial court order summoning him as an accused in a disproportionate assets case.
Unbanked customers can expect easier access to banking.
The three hour long meeting was attended by Secretaries of departments of Revenue, Expenditure, Financial services and Disinvestment.
The Diaspora is no longer a mere remittance economy. It today claims dual loyalty and demands a say in Indian politics, says sociologist Shiv Visvanathan
In the first tranche, the department will send out letters in 100,000 cases where the money spent is at least Rs 1 crore (Rs 10 million) each a year.
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.
The government has to take a call on reducing or retaining the excise rate.
Education inflation abroad is high and the depreciation of the rupee can also set you back, says Vishal Dhawan
Emission norms for automobile industry should be tightened.
North Korea warns the US that it will soon 'suffer the greatest pain it ever experienced in its history'. Rajaram Panda looks at the latest twist in the North Korean crisis.
ICICI Bank has 317 branches in hitherto unbanked villages.
