The RBI has created a stunted business model by which payment banks are supposed to shoulder the noble objective of financial inclusion without being able to make much money.
The Raghuram Rajan committee report for evolving a composite development index of states, submitted to the finance ministry today, has a note of dissent from member Shaibal Gupta.
India-Israel relations are at a crossroads. Simply chanting old hackneyed mantras on terrorism, secularism, democracy, et al, won't suffice. There is danger of stagnation setting in, says Ambassador M K Bhadrakumar.
Investigators from the National Investigating Agency have found that the bombs used in the August 25, 2007 Hyderabad blasts that killed 42 people, were prepared in the heart of Mangalore city, and the finances came from a dedicated network in Saudi Arabia. Vicky Nanjappa reports.
Congress president Sonia Gandhi's close aide Vincent George on Monday got some relief from the Delhi high court which stayed trial court proceedings against him in a 12-year-old disproportionate assets case.
Amid rupee sliding below 64 to a dollar, global agency Standard & Poor's on Tuesday said it will maintain negative outlook for the country as currency depreciation is adversely impacting investor confidence.
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The rupee on Friday touched an all-time low of 62.03 to a dollar, spooking the equities market and dragging the Sensex down to 18,621.39 in the afternoon.
Licence winners are expected to be announced by the first quarter of 2014.
A Collection of Services Trade Statistics Act is being thought of.
The Central Bureau of Investigation has faced the ire of a special court which imposed Rs 10,000 cost on it for "unnecessarily" delaying the proceedings by not appointing a prosecutor in the 2006 Naval War Room leak case in which five persons, including three former naval officers and an ex-Wing Commander, face trial.
Higher interest rates in the US do not necessarily coincide with capital outflows.
Multiple organisations of different kinds with overlapping goals would be a dream situation for those who believe in competition and innovation.
'A change of government will bring about a lot of changes because everything is frozen for the last two years. So, the frozen energies of India will be released.' Swadeshi Jagran Manch convenor Swaminathan Gurumurthy discusses the Modi phenomenon with Shobha Warrier/Rediff.com
Ahead of his talks with the Emirati leadership, Prime Minister Narendra Modi has said the Gulf region is vital for India's economic, energy and security interests.
Amid escalation in violence in a number of Gulf countries, India on Thursday expressed deep concern over the rise of fanaticism, extremism and terrorism in parts of the Arab region, saying they are tearing apart the fabric of societies as well as affecting regional stability.
'Given the past record, no one will be prosecuted, especially since the beneficiaries comprise the most powerful people in the country. They will pay a fine and be let off.'
Whatever the critics may say, the numbers suggest that India continues to be a favourite destination for foreign investors.
Non-reporting of overseas income by employers may be categorised as 'abetment' under the Act.
Banks to be permitted to raise long-term funds for lending to infrastructure sector with minimum regulatory pre-emption such as CRR, SLR and Priority Sector Lending.
'Tax dodging through tax havens is one of the ways multinational corporations and the super-rich in India are using to evade taxes.'
It would be a miracle indeed if we grow at 7/8 per cent a year over the current and next few years, says A V Rajwade
Over the years, pravasis have become a constituency, to be tapped, cultivated, and honoured, or at the very minimum to be listened to, says Ambassador B S Prakash.
While PNB did not name the other lenders, Union Bank of India, Allahabad Bank and Axis Bank are said to have offered credit based on letters of undertaking (LOUs) issued by PNB. Foreign bank branches too are under investigation.
Migrant workers are leaving Gujarat, PM Modi's home state, as they have no work.
Launching a fresh attack on Defence Minister A K Antony, Narendra Modi on Tuesday charged that the country's defence had suffered seriously during his stewardship and said he owed an explanation to the people for this.
Bhupendra Kumar Modi is the founder of $2-billion Spice Group.
How long can Pakistan remain neutral in the Saudi Arabia-led Yemen conflict?
The trolls on Twitter, the rumour mongers on WhatsApp and the serial abusers on Facebook are the enemies of social media.
Finance Minister must be hoping that Indians get over gold-addiction.
The prospects for strong, sustained economic reforms do not appear to be promising in India.
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Of the 11 licence holders, only eight remain in the fray as concerns about profitability and rising competition are making them think twice before jumping in.
Here's how NRIs can protect their overseas earnings from exchange rate risk.
Here's a closer look at the showcause notices issued to Lalit Modi
India must reckon with the possibility that it will struggle to attract higher overseas investment.
While the black money declarations may go up further once all the online and manual filings of undisclosed assets filed at the end of the four-month window on September 30 are compiled, the government will get this fiscal nearly Rs 14,700 crore or half of the total taxes due.
King Salman and Narendra Modi will find common ground to intensify cooperation against jihadi terrorism, says Tarun Vijay, MP.
Challenges abound but innovation is key for new banks inorder to survive.
Raghuram Rajan explains the rationale for his policy stance and other issues.
Spectrum is critical for Tata Tele because in some circles, Rajasthan for example, it has spectrum only in 60 per cent of the geography, while allocation for the rest has yet to come from the government.
Migrants do many of the dirty and dangerous jobs in the region, from construction to the oil industry, transport and services
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