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.
Check out who else was there.
An overview of India's underwhelming performance in athletics
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.
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.
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.
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.
President Ram Nath Kovind administered the oath of office and secrecy to Naidu.
The 10-day Ganesh festival began on Saturday under the shadow of the coronavirus pandemic, with devotees restricting celebrations to their homes and using online platforms to get 'darshan' of the Lord at temples, amid strict COVID-19 restrictions imposed by governments.
Radha Mangeshkar talks to us about the iconic singer we love.
The meeting was attended by Sebi executive director Usha Narayanan, Sebi wholetime member Prashant Saran and Reserve Bank chief general manager foreign exchange department Salim Gangadaran among others.
Lawyers of Kannada actress Maria Susairaj, who was arrested for allegedly murdering television producer Neeraj Grover in May 2008, on Monday withdrew from the case saying were "greatly disturbed" over allegations that they had threatened a prosecution witness.
Legendary P T Usha's protege Tintu Luka stole the limelight on the first day of the Asian All-Star Athletics meet with a personal best timing to win the gold medal in women's 800 metres, in Delhi, on Thursday. Luka bagged the gold with an effort of 2 minutes 01.24 seconds and bettered her earlier best of 2:01.61, which she clocked in May at the National Open in Kochi.
After a rousing tour to the United Nations, the members of the Sulabh International called on President Pratibha Patil at the Rashtrapathi Bhavan on Friday.
Loans to wilful defaults are said to be a little over Rs 1 lakh crore.
A high level group constituted by the Reserve Bank of India has recommended enhancing security features on currency notes and installation of notes-sorting machines among other steps to counter the rise in circulation of fake notes.
The Reserve Bank of India on Friday said that the Budget 20010-11 presented by Finance Minister Pranab Mukherjee is in line with the path of fiscal consolidation and economic revival.
After promoting products ranging from jewellery, clothes and apartments, Malayalam superstars Mammootty and Mohanlal are all set to wear new caps as brand ambassadors for sports in Kerala. While Mammootty has been made brand ambassador of the newly launched Kerala Volleyball League (KVL), Mohanlal has been roped in by the Kerala Athletics Federation to promote athletics.
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.
Mammootty, who has had a mediocre run at the box office with his past few films hopes to bounce back with Gangster.
A pall of gloom descended on the airport as the plane landed.
India football team captain Baichung Bhutia has made a defamation claim of Rs 1 crore against Mohun Bagan for "damaging his reputation". The claim was made before the arbitrator appointed by the AIFF to decide on the player's suspension.
BJD managed to retain 112 seats securing another term for Patnaik in the CM chair.
Exclusive video: The supermodel & marathoner on the Indian sensibilities of his athleisure line.
Kingfisher Airlines has defaulted on loans of over Rs 9,400 crore obtained from various banks.
The Malayalam television industry is currently embroiled in controversies surrounding satellite rights of films.
Acceding to the demand of banks, the Reserve Bank of India on Friday deferred the date of implementation of the proposed base rate model to July 1 and also exempted three category of loans from the new system.
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.
A passenger, who arrived at the Bengaluru International Airport from Netherlands with suspected symptoms of the H1N1 flu, has been quarantined, a top health official said on Monday. "The passenger, who arrived at BIA from Netherlands via Frankfurt late on Sunday night, has been quarantined at the Rajiv Gandhi Institute of Chest Diseases," Usha Vasunkar, director of Health & Family Welfare Services, said. The man's throat culture samples have been sent for further tests.
'Traders have been the worst hit because of the government's policies, but for some unknown reason, many continue to support the BJP.'
Vacancies for management students in Maharashtra.
Reader Salima salutes Lata Mangeshkar with this video. Check it out.
Bollywood superstar Shah Rukh Khan launched the autobiography of tennis star Sania Mirza titled Ace Against Odds in Hyderabad on Wednesday.
The long wait for a symbol of the rupee is expected to end by March next year. A committee headed by Reserve Bank of India Deputy Governor Usha Thorat has shortlisted five symbols from 4,000 entries for a public competition to select a design for the symbol.
RBI governor D Subbarao, in the second quarterly review of the monetary policy in October, had said there is need to increase provisioning against bad assets to not less than 70 per cent by September 2010.
A SIT has begun process to freeze bank accounts of arrested accused in the Bihar toppers scam. M I Khan/Rediff.com reports from Patna.
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