RBI defends Rs 2000 note exchange exercise in court, says not demonetisation

The Reserve Bank of India (RBI) on Tuesday told the Delhi high court that withdrawal of Rs 2000 notes is not demonetisation but a statutory exercise, and the decision to enable their exchange was......

'Urgent need for united global action to combat terror,' Modi tells BRICS leaders

Condemning strongly the terrorist attack in Paris, India on Sunday made a case for united global effort to combat the menace of terrorism. "We stand united in strongly condemning the dreadful acts......

The Politics Of Majboori

Demonetisation and Agniveer reveal the two mindsets India has become.In both these government schemes, one sees a desire to play the country like an orchestra anchored by conductor/conductors,......

'China is ahead of India because our political leadership was behind'

'You have to be a total anti-national bozo to shut down the Nokia plant in Sriperumbudur, which was the first large manufacturing plant for mobile phones in India.' 'Why was the unit shut down?......

Traders brace for impact of Paytm crisis

It’s mid-morning and the two-kilometre stretch from Rashbehari Avenue to Gariahat Market is bustling with activity. Photograph: Francis Mascarenhas/Reuters Dotted with saree shops and......

RBI tells IMF why it frequently intervenes in forex market

The Reserve Bank has told the International Monetary Fund (IMF) that the objective of frequent interventions in the forex market is to curb excessive volatility, dismissing the Fund's rationale for......

You can send Rs 2,000 notes by post to RBI for direct credit in bank accounts

People can send their Rs 2,000 banknotes to specified regional offices of the Reserve Bank through the insured post for credit in their bank accounts. Photograph: ANI Photo This is a hassle-free......

IMF cautions India on govt debt vulnerabilities, Centre disagrees

The International Monetary Fund (IMF) warned on Tuesday that India’s general government debt (comprising both central and state government debt) could exceed 100 per cent of gross domestic......