Move comes after the country's monetary authority tightened credit norms
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.
'The Communist rule in Tripura was exceptional while it lasted for a quarter century in giving good governance.' 'The chief minister himself was the paragon of virtues in his dedication in public life.' 'But all that still didn't add up when the BJP's dream merchants came up with their famous 'development agenda'.' 'One thing that emerges indisputably in the Tripura election results is that needs and aspirations more or less narrow down to one little word -- jobs,' says 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.
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.
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.
Now candidates can appear for NEET any number of times.
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.
Licence winners are expected to be announced by the first quarter of 2014.
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.
A Collection of Services Trade Statistics Act is being thought of.
Higher interest rates in the US do not necessarily coincide with capital outflows.
'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
Multiple organisations of different kinds with overlapping goals would be a dream situation for those who believe in competition and innovation.
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.
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.
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.
Non-reporting of overseas income by employers may be categorised as 'abetment' under the Act.
'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.
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.
Bhupendra Kumar Modi is the founder of $2-billion Spice Group.
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.
'Tax dodging through tax havens is one of the ways multinational corporations and the super-rich in India are using to evade taxes.'
How long can Pakistan remain neutral in the Saudi Arabia-led Yemen conflict?
Finance Minister must be hoping that Indians get over gold-addiction.
Migrant workers are leaving Gujarat, PM Modi's home state, as they have no work.
Here's how NRIs can protect their overseas earnings from exchange rate risk.
The trolls on Twitter, the rumour mongers on WhatsApp and the serial abusers on Facebook are the enemies of social media.
The prospects for strong, sustained economic reforms do not appear to be promising in India.
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.
Here's a closer look at the showcause notices issued to Lalit Modi
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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.
India must reckon with the possibility that it will struggle to attract higher overseas investment.
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.
Challenges abound but innovation is key for new banks inorder to survive.
Raghuram Rajan explains the rationale for his policy stance and other issues.
