The IMG meeting will be convened shortly.
Reserve Bank of India Governor Shaktikanta Das tells Anup Roy, Raghu Mohan and Niraj Bhatt that it is time for banks to lower interest rates and start lending to cash-starved finance companies after due credit appraisal and proper risk assessment.
At a meeting with the central bank, bankers opposed the entry of new banks, as there were enough players already. Newer entrants would only increase "unnecessary" competition and deplete their margins, top bankers told central bank officials.
The rush for these visas before the limit runs out is apparent from the fact that while 3,302 such visas were available on November 29, 2005 only 1,364 visas remain on offer at present.
Finance Minister Pranab Mukherjee has rejected a proposal by Communications Minister A Raja for refund of the Rs 29,598 crore paid by state-owned Bharat Sanchar Nigam Limited and Mahanagar Telephone Nigam Limited for third generation (3G) and broadband wireless access (BWA) spectrum.
"We should make it clear to Pakistan that any LeT attack upon our homeland, they will bear responsibility for that because of their close relationship between ISI and LeT," Congressman Peter King said during a Congressional hearing on Wednesday.
Businesses that help supply Iran with refined petroleum or help develop the country's own refining capacity would be penalised by the legislation.
The Centre needs to have dialogue with the Opposition instead of letting politics come in the way; it needs to stoop to conquer, says Aditi Phadnis.
'On the tax front, most of the Budget proposals are sensible'.
Under the stipulation, banks with cash deposits of Rs 10 lakh (Rs 1 million) and above in a year in any savings account maintained by a person would have to report under the Annual Information Return.
The ruling Pakistan People's Party's efforts to finalise a constitutional reforms package suffered a major setback after it failed to achieve consensus with the opposition Pakistan Muslim League-Nawaz on the procedure for appointing judges and on renaming the North West Frontier Province.
India has still a long way to go to meet the Millennium Development Goals such as elimination of poverty by 2015, Finance Minister P Chidambaram said.
Replying to a question during the debate on the General Budget in the Rajya Sabha on Tuesday, Mukherjee said he was expecting a double-digit inflation rate in March itself. The general inflation was at 9.89 per cent in February.
The Opposition said that the government was 'bull-dozing'.
The IHF's senior vice-president questioned the passing of the federations's balance sheet at the AGM.
The bank is already under lens in the US following allegations that it violated anti-money laundering rules.
The government is considering a proposal to allow Alliance Air, a subsidiary of Indian Airlines, to lease new aircraft to replace its ageing fleet, Minister of State for Civil Aviation Rajiv Pratap Rudy said on Monday.
The analysis covers BSE 200 Index's 171 companies for which data on the compensation to the boards of directors for FY14 and FY13 are available.
Softening the demonetisation blow, the Budget for 2017-18 on Wednesday halved the tax to 5 per cent on incomes up to Rs 500,000 but proposed a new surcharge of 10 per cent on incomes between Rs 50 lakh and Rs 1 crore and raised duties on cigarettes and pan masala while stepping up allocations for infrastructure, rural, agriculture and social sectors.
Over 51,000 people live in enclaves along the border of India and Bangladesh. With no identity of their own and the lack of basic amenities, they are staring down the barrel with both countries virtually forgetting their existence. Syed Tashfin Chowdhury reports
For debt-laden companies, asset sales is an obvious solution.
N Sundaresha Subramanian digs deeper into what Catalyst, an Indo-US project, brings to the payments ecosystem.
The government on Monday said banks have provided Rs 95,064 crore (Rs 950.64 billion) in agricultural loans in the first six months of this fiscal, though the amount is less than half of the total farm credit disbursed in the entire last fiscal.
Sandeep Pandey salutes women who have contributed to social transformation in India after 1980.
The defence ministry has signed off on a national security plan that it cannot fund. Ajai Shukla reports
At least 10 states and the Union Territory of Chandigarh have identified more than 30 sites for setting up modern terminal markets in the private sector for trading in fruits, vegetables and other perishable farm produce.
Over 20 political parties, except the Biju Janata Dal and the Communist Party of India-Marxist-led Left Front, took part in the massive rally.
A glance back at some of the important ups and down Indian Inc faced in 2018.
Moreover, it will take some pressure off Indian negotiators in the different investment and trade negotiating forums where the country is routinely castigated for its restrictive policies in key economic sectors.
Duvvuri Subbarao recounts how his tensions with P Chidambaram and Pranab Mukherjee, then finance ministers, over monetary policy spilled over into other issues in the central bank in this excerpt from Who Moved My Interest Rate?, his memoir of his term as Reserve Bank of India governor.
'Their vote bank has shifted to the BJP; the Congress is yet to realise it.'
A single unified definition of infrastructure should not be attempted. It is neither desirable, nor useful.
Throw in the nightmare of chemical or biological warfare, rebuilding the country and sticking around for the next 10 years to encourage Middle East stability, and some see an astronomical bill of $1.6 trillion for US taxpayers.
Suresh Kumar's nomination by United States President Barack Obama, to be assistant secretary of commerce and director general of the United States and Foreign Commerce Service, sailed through two key US Senate Committees last week.Now the full Senate has to vote on his nomination, and sources said he could be in place in his job at Commerce by late February or early March.
With the Budget Session of Parliament getting underway, the United Progressive Alliance government is hoping that its pending legislations will eventually be approved this time even though financial business will naturally have to be given precedence,k says Sunita Moga
'It is very important for Indian Americans to understand that we need to have as many seats at the table as we can get. I am going to see to it that I am going to get there," Kumar Barve, the longest-serving Indian-American legislator in America, tells Aziz Haniffa/Rediff.com in an exclusive interview.
Five longtime Republicans -- K V Kumar, Puneet Ahluwalia, Suhail Khan, Ajay Kuntamukkala and Harry Walia -- have been named to the GOP's Asian Pacific American Advisory Council.
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