Inordinate delays by the government in making appointments for crucial posts in Reserve Bank of India and State Bank of India have resulted in slower policy decision-making. For more than two months now, the deputy governor's position has been vacant in Reserve Bank of India. Usha Thorat, one of the four deputy governors of the central bank, retired on November 10.
"A committee is working on it. We have also asked the MCA (Ministry of Corporate Affairs) to broaden the scope of section 55 of Companies Act 1956 which is now clause 22 of Companies Bill," SEBI Executive Director Usha Narayanan said at an Assocham event in New Delhi.
Former medical officer of NIS Patiala, Dr Sanjib Nandi was on Wednesday physically assaulted by guards as he tried to enter the institution premises to meet Justice Mukul Mudgal, who is probing the doping scandal in athletics. Nandi, who blew the whistle on doping practices at NIS Patiala, wanted to meet Justice Mudgal but was stopped by the guards at the gates this morning and refused entry.
Reserve Bank of India (RBI) Executive Director Anand Sinha is set to replace Usha Thorat as deputy governor. Finance Minister Pranab Mukherjee has recommended Sinha's candidature to the Appointments Committee of the Cabinet (ACC).
Bharatiya Mahila Bank to have 60 branches by Mar 31: CMD
Incensed over the "planting of articles" and wrongful advertisements in the run up to a company's public offer, market regulator Sebi on Friday pulled up merchant bankers and said it is considering coming out with revised norms on IPO advertisements.
At 3.5 per cent per annum, interest on savings accounts is the only regulated rate in the banking system currently and a highly contentious one given its impact on the common man.
The show saw a star-studded attendance.
Rio Olympics-bound Indian sprinter Dutee Chand said she is working hard to improve her speed endurance so that she doesn't taper off in the last 40 metres of the 100m event during next month's mega-event.
20 of the 32 people are government employees and 12 others include four fake toppers
World chess champion Viswanathan Anand joined the Board of Directors of Olympic Gold Quest, which already has all time great Indian sportspersons like Geet Sethi, Prakash Padukone, P T Usha and Leander Paes, to give a boost to Olympic medal hopefuls.
Ace drag-flicker Sandeep Singh, India's women's cricket captain Jhulan Goswami and boxer Dinesh Kumar are among the top sportspersons nominated for the Arjuna award, in recognition of their outstanding achievements during the last year. The National sports awards (Rajiv Gandhi Khel Ratna, Arjuna and Dhyan Chand) selection committee, headed by P T Usha, met in Delhi on Friday and finalised the list of awardees.
An alumina of Delhi School of Economics, from where she secured a Master's in Economics, Thorat joined the central bank way back in 1972.
India has been voicing its concerns about the growing menace of terrorism from Pakistan and would want the US President to make a strong statement and also promise more action on terror groups being harboured by our neighbours.
An overview of India's underwhelming performance in athletics
RBI on Tuesday took steps to discourage teaser loan rate schemes, which have a fixed component initially before becoming floating, in order to rein in 'loose practices in pricing of risks in the housing sector'.
Check out who else was there.
P T Usha narrowly missed a medal and history at the Los Angeles Olympics when she finished fourth in 400m hurdles but such was the Indian legend's aura that the eventual gold medallist, Nawal El Moutawakel, on Sunday revealed that she too ended up crying for the heartbroken 'Payyoli Express' that day.
India's ace 800m runner Tintu Luka's wait to qualify for London Olympics continued even as she won her second gold medal in four days on the European circuit.
Bollywood star Salman Khan's appointment as the Indian Olympic contingent's goodwill ambassador has not gone down well with star wrestler Yogeshwar Dutt, who feels a sportsperson should have been chosen for the role. Salman, who is playing the role of a wrestler in his upcoming film 'Sultan', was named goodwill ambassador by the Indian Olympic Association on Saturday in the presence of star woman boxer M C Mary Kom, hockey captain Sardar Singh, and shooter Apurvi Chandela among others. Yogeshwar, the London Olympics bronze-medallist, said he cannot understand what purpose such an appointment will serve for the athletes. "Everybody has the right to promote movies in India, but Olympics is not a place to promote films." Yogeshwar tweeted in Hindi. "Can anyone tell me what the role of goodwill ambassador is? Why are you fooling the public?" he added.
The film is a half baked story which leaves us feeling something is amiss all the time.
President Ram Nath Kovind administered the oath of office and secrecy to Naidu.
Ajit Mishra, vice president, Research, Religare Broking, answers your stock market queries.
The friction with the political class is not only about interest rates and monetary policy. While the government often spoke freely about its discomfiture, the RBI had to be careful even in its response to the government as any loose statement would affect the markets.
According to RBI sources, the government -- which appoints deputy governors -- is of the view that it will do away with the practice of reappointment to important posts like chairman of the Securities and Exchange Board of India, RBI, National Bank for Agriculture and Rural Development.
BJD managed to retain 112 seats securing another term for Patnaik in the CM chair.
India's Tintu Luka won the bronze medal in 800 metres event of the track and field competitions but team-mate Sinimole Paulose finished a disappointing seventh in the Asian Games in Guangzhou.
Discus thrower Vikas Gowda came a cropper once again outside the home environs while P T Usha's protegee Tintu Luka impressed by recording the best time among women's 800m finalists on yet another medal-less day for India in the Asian Games athletics in Guangzhou on Wednesday.
Deputy governors Subir Gokarn, Usha Thorat and Shyamala Gopinath will get additional portfolios, which were until now under K C Chakrabarty, RBI said in a statement today. The central bank did not give any reason for the reshuffle and said the changes will be effective tomorrow.
A group of kids met US President Barack Obama and First Lady Michelle Obama when the couple was visiting Humayun's Tomb in New Delhi. They may not know how big a leader they had met, but they sure feel proud and counted. They share their experience with rediff.com's Sahim Salim.
Gokarn was the first Indian central banker who regularised warnings to the government, through the monetary policy statement, on the need to reduce fiscal deficit.
However, the economy expanded by 7.9 per cent in the second quarter from 6.1 per cent in the previous quarter, giving hopes of durable economic rebound.
The health condition of Telangana Rashtra Samithi President K Chandrasekhar Rao is deteriorating due to his fast-unto-death, but he is refusing medical treatment, a senior government official said on Tuesday night.
While everybody is going gaga over the successful hosting of the Commonwealth Games, former athletes Milkha Singh and India's sprint queen PT Usha are upset. They are unhappy about the raw deal they got from Suresh Kalmadi at the Games and are planning to meet the Prime Minister.
'I am not scared of corona, I am sure God is protecting us.'
He is 54, but looks far better than he did when he was a supermodel in his 20s and 30s. Cooler still is his vibe. Vaihayasi Pande Daniel catches up with Milind Soman, fitness icon and businessman.
Loans to wilful defaults are said to be a little over Rs 1 lakh crore.
'Traders have been the worst hit because of the government's policies, but for some unknown reason, many continue to support the BJP.'
Exclusive video: The supermodel & marathoner on the Indian sensibilities of his athleisure line.
Radha Mangeshkar talks to us about the iconic singer we love.
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