The RBI has changed the way it approached supervision in the past. Having seen a couple of collapses in the NBFC sector and the near-collapse of a few banks, it is focusing on regular drills to prevent a fire from breaking out, explains Tamal Bandyopadhyay.
Former Indian Prime Minister Manmohan Singh's effusive praise of US President George W Bush during their 2008 meeting in the White House is revisited as a testament to their close relationship and the impact of the landmark Indo-US civil nuclear deal. Singh's statement, while drawing criticism from the Left and BJP, highlighted the transformative nature of the relationship between the two democracies. The article explores the context of their meeting and the broader significance of their relationship in the context of the Indo-US nuclear deal.
'During his stint as prime minister, he got 270 million people out of poverty.' 'This, according to the World Bank, is the fastest compression of poverty anywhere in the world.' Arvind Mayaram, the former finance secretary, recalls his encounters with Dr Manmohan Singh.
The image of a smiling D Gukesh standing with outstretched hands will forever be embossed in the memory of a nation of billions.
'I had to persuade him. I think he was a sceptic to begin with, but later on he was convinced that what we were doing was the right thing to do, that there was no other way out.'
Former Indian Prime Minister Manmohan Singh passed away on Thursday night at the age of 92. He was brought to the emergency department of AIIMS Delhi in critical condition after "sudden loss of consciousness."
In two years, the start-up Overqualified Housewives has helped over 6,000 women across India find flexible-job roles across India from salaries ranging between Rs 8,000 to Rs 80,000, making them financially independent.
'He treated stars and assistants with the same unfailing courtesy.'
'All the big things happening today in economic development have their beginning in Dr Manmohan Singh's ideas.'
Fugitive businessman Vijay Mallya has said that he will pursue relief for the Enforcement Directorate and banks taking more than two times the debt he owed. His remarks came following a statement by Finance Minister Nirmala Sitharaman in Parliament about recovery of over Rs 14,130 crore from his attached assets.
The Ahmedabad Civil Hospital has ordered a probe after a video of an occultist performing a ritual on an ICU patient went viral. The occultist, who identified himself as Mukesh Bhuva, claimed credit for the patient's treatment in the video. The hospital's medical superintendent, Dr Rakesh Joshi, urged people not to believe the occultist's claims and said the incident is being investigated. The hospital is reviewing CCTV footage to determine how the occultist entered the ICU. The incident has sparked outrage, with rationalist Jayant Pandya calling for immediate action against those responsible.
Shyam Benegal, the shining beacon of the Indian cinema, was laid to rest on Tuesday around 3 pm with full state honours and a three-gun salute at Shivaji Park, central Mumbai.
Rohit Sharma hailed the resilience of the lower-order batters after his team managed to salvage a crucial draw in the rain-hit third Test against Australia in Brisbane
Bad loans in the peer-to-peer (P2P) lending industry more than doubled in financial year 2024 (FY24) to Rs 1,163 crore from Rs 472.1 crore in FY23, said a financial services company on Monday. Non-performing assets (NPAs), as such loans are officially called, were a modest Rs 14.7 crore at the end of FY19 when P2P lending was in its nascent stage, according to Capitalmind Financial Services that accessed data from the Reserve Bank of India (RBI) through a right to information application.
FLEXI Show will give the audience the freedom to leave the movie hall at any point while paying only for the time they watched it.
The Indian Army has increased its operational footprint in the Jammu region, including the strategic occupation of the upper reaches of the Pir Panjal range, a senior officer said. The army is playing a pivotal role in military-civilian coordination in creating a stable environment in the region, the officer said, adding that the force will continue its efforts to promote peace, security, and development in the area.
'As we enter 2025, it must be acknowledged that there is a convergence of capital, influential people (from business and politics) and technology deciding the destiny of others in the name of pride, patriotism, nationalism, nation building, all of it thinly veiled disguises for personal profit and glory,' asserts Shyam G Menon.
The performance of banking and information technology (IT) stocks has had a significant impact on the composition of diversified mutual fund (MF) portfolios. Over the past two months, these sectors have become increasingly dominant, now constituting nearly 30 per cent of the total allocation in many diversified MF portfolios.
'We have to retain some fiscal headroom without compromising on the promised fiscal consolidation roadmap.'
The FMCG industry hopes for a revival in consumption growth in 2025 with some 'green shoots' already visible, after having a challenging year amid escalating input costs and a double-digit rise in food inflation, which ultimately slowed down the pace of the urban market growth in the second half of 2024. Soaring prices of commodities such as palm oil, coffee, cocoa and wheat forced FMCG players to go for a hike of 3 to 5 per cent or resort to shrinkflation by reducing pack sizes and grammage to retain attractive price points, fearing a volume loss.
Ravichandran Ashwin returned home on Thursday after his shock international retirement in the middle of a Test series in Australia
Manipur Chief Minister N Biren Singh has accused "some agencies with vested interests" of misleading the Centre about the ongoing crisis in the state, calling it an attempt to destabilize Manipur. He emphasized the need for unity among Manipuris and criticized the 2005 Suspension of Operations (SOO) agreement, blaming it for the current unrest. Singh also condemned the recent killing of two non-Manipuris, calling it a politically motivated move to create an atmosphere of fear.
When you are defending to save a game, a loose delivery comes along and you suddenly opt to play an attacking shot, you are unlikely to hit as well as if you were playing your naturally aggressive game all along. First Pant, then Jaiswal, found that out the costly way, observes Prem Panicker.
At this point it is still anyone's game, with a draw also an option, says Prem Panicker in his analysis of Day 4.
It was a proper Test innings, it was of the highest class, and given the circumstances it came in, it was one of the best innings by an Indian batsman in recent memory, applauds Prem Panicker.
Jasprit Bumrah revealed that Mohammed Siraj has been bowling with a niggle and praised him for fighting through pain.
What stood out in his 15-year journey as a member of the political executive at the Centre was his glowing record as India's most successful and effective finance minister. Both as prime minister and finance minister, he understood the importance of gradualism, except when the economy or the polity was in a crisis.
Those three wickets for six runs, in a manic final 15 minutes of the day's play, undid all the good work that had gone before, asserts Prem Panicker.
'We are going to need more technical people in government.' 'You can't expect a generalist to understand the complicated world of financial engineering.' 'I regret to say that most of our politicians have no competence to deal with these things. Nor is there a willingness to learn.'
The GST Council, in its meeting on Saturday, is likely to decide on reducing tax rates on life and health insurance premiums, while hiking it on high-end wrist watches, shoes and apparels, besides considering a separate 35 per cent tax slab for sin goods. The 55th meeting of the GST Council, chaired by Union Finance Minister Nirmala Sitharaman and comprising state counterparts, is likely to discuss rate rejig in about 148 items, besides, it will also deliberate on bringing Aviation Turbine Fuel (ATF), a major component for airline industry's operation cost, in the Goods and Services Tax (GST) fold.
Share prices of Nestle India, Asian Paints, Bandhan Bank, Tata Technologies, AU Small Finance Bank and Avenue Supermarts, all a part of the BSE 500 index, have hit their respective 52-week lows on the BSE in Thursday's intra-day trade after a sharp correction in the equity markets.
Flipkart-backed super.money is on an expansion spree and plans to expand its range of offerings in credit and wealth management after launching its operations in July this year. The Bengaluru-based fintech company is on track to roll out credit products such as credit on Unified Payments Interface (UPI), unsecured credit cards, and personal loans within the first half of the next calendar year (2025).
Odisha FC overcame East Bengal FC 2-1 in Kolkata on Thursday to extend their unbeaten streak in this Indian Super League season to five games.
Aam Aadmi Party supremo Arvind Kejriwal on Thursday announced the launch of the Mukhya Mantri Mahila Samman Yojna to give a monthly assistance of Rs 1,000 to women in Delhi, and promised the amount would be raised to Rs 2,100 after the elections.
The RBI under former governor Shaktikanta Das resisted pressures to cut interest rates through 2024 as it kept its 'Arjuna's eye' trained on inflation, but the central bank under a new detail-oriented head will soon have to take a call if it can continue sacrificing growth. Das, a career bureaucrat who in 2016 oversaw Prime Minister Narendra Modi's highly disruptive demonetisation move, left a lasting legacy as he demitted office towards the end of 2024 after expertly navigating monetary policy for six years, the highlight of which was steering India's recovery through the pandemic.
Assam's first Arjuna Awardee sprinter Bhogeswar Baruah has criticised the state government's sports policy, saying it is not taking enough initiatives to identify and nurture talent in rural areas.
D Gukesh credited mental conditioning coach Paddy Upton for helping him tame the 'emotional pressure' of competing at the World Chess Championship.
The four wickets that India prised out in the third session, on balance, swung the game back in their favour, says Prem Panicker .
Tabla maestro Ustad Zakir Hussain died at a hospital in San Francisco, his family said on Monday.
'I spoke to Paddy, and I made some changes.' 'After that, I slept well in the last two days -- at least eight hours each day.' 'So, I was fresh in the games. Sleep is very important.'
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