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'RBI is buying time'

'RBI can only take care of survival, not recovery.' Illustration: Dominic Xavier/Rediff.com Dr Pronab Sen, former chairman of the Indian Statistical Commission, tells Prasanna D......

Palaniswami's good fight slows down DMK juggernaut

Undoubtedly, top All India Anna Dravida Munnetra Kazhagam leader and outgoing Chief Minister K Palaniswami put up an epic fight against the Dravida Munnetra Kazhagam which fetched his party steered......

Tamil Nadu and the forgotten clamour for prohibition last election

If purists are surprised as to why and how people are not demanding prohibition or not talking about past promises, both in the election manifestos five years back and even those made to the......

How TN's poll sops went from entitlement to empowerment

A time has thus come when state encouragement for rural students led to empowerment of the socio-economically marginalised sections of the population. It included women. Today, with greater......

Why was Kumbh Mela held amidst raging pandemic?

What is particularly worrying is that the vast majority will not have access to testing or even to proper treatment.These cases could have been avoided if the government had shown the political......

Decoded: Why higher circulation of currency is normal in abnormal times

Theoretically, the currency with the public should expand in sync with the nominal income, which again moves in relation to the nominal growth rate of the economy. But the correlation breaks easily......

Cabinet clears strategic divestment in IDBI Bank

The Cabinet on Wednesday gave in-principle approval for strategic disinvestment along with transfer of management control in IDBI Bank in line with the Budget announcement earlier this year. The......

Change in tax structure prompted India Inc to favour buybacks again in FY21

In 2020-21, Indian firms offered to buy back shares worth Rs 39,295 crore, or 97% more than Rs 19,972 cr proposed in the previous financial year. Illustration: Uttam Ghosh/Rediff.com Share......

RBI slaps Rs 3 crore penalty on ICICI Bank

A penalty of Rs 3 crore has been imposed on ICICI Bank Ltd for contravention of certain directions, the Reserve Bank of India said on Monday. The RBI has imposed a monetary penalty of Rs 3 crore......

IL&FS case reveals what India's resolution mechanism is lacking

The infra-major going belly up cracked open some major flaws in the system — the most evident being weak corporate governance and how layers of corporate structures could be formed adding to......

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Over 125 Lakh MT Wheat Procured In Punjab So Far In Ongoing Rabi Season

The RBI had extended the CCL of Rs 2,953.46 crore till the end of May. Over 125 lakh metric tonne wheat has been procured in Punjab so far in the... ...

https://www.ndtv.com/business/wheat-procurement-news-over-125-lakh-metric-tonne-wheat-procured-in-punjab-so-far-in-ongoing-rabi-marketing-season-2437261

'Punish me, but absolve EC of doubts'

Deferring some phases of the recently-held assembly polls due to the coronavirus pandemic could have led to a situation where holding the remaining... ...

https://economictimes.indiatimes.com/news/politics-and-nation/punish-me-but-absolve-ec-of-doubts-rajiv-kumar-in-affidavit-that-couldnt-be-filed/articleshow/82456943.cms

Clarity sought on eligibility for universal, small-bank licences

Legal experts have reached out to the Reserve Bank of India (RBI) and sought clarity around the eligibility criteria to apply for both universal... ...

https://economictimes.indiatimes.com/industry/banking/finance/banking/clarity-sought-on-eligibility-for-universal-small-bank-licences/articleshow/82448259.cms

Why higher circulation of currency is normal in abnormal times

Theoretically, the currency with the public should expand in sync with the nominal income, which again moves in relation to the nominal growth rate... ...

http://www.rediff.com/money/special/decoded-why-higher-circulation-of-currency-is-normal/20210506.htm

India reaffirms independent foreign policy approach

India’s independent world view has been reaffirmed in the recent days with the fact that while it has worked closely with the USA on medical... ...

https://economictimes.indiatimes.com/news/india/india-reaffirms-independent-foreign-policy-approach-in-recent-weeks/articleshow/82432822.cms

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