Mamata assigns portfolios to council of ministers

West Bengal Chief Minister Mamata Banerjee on Friday allocated portfolios to her newly sworn-in council of ministers, keeping to herself nine departments, including Home, Land and Land Reforms.......

Indian to head Monterey policy institute

An expert in international and development economics has been appointed president of the prestigious California-based Monterey Institute of International Studies. As president of the institute,......

FX derivatives mkt in a fix before new RBI rules

Exchange-traded currency derivatives volumes are likely to drop in view of new Reserve Bank of India (RBI) rules, casting a cloud over further participation of retail investors and proprietary......

Bankers see rates falling by 25-40 bps more before Mar

Of the six-member rate-setting monetary policy committee, five members voted for a 25 bps cut while one by 40 bps, the RBI said. Illustration: Uttam Ghosh/Rediff.com Welcoming the 25 basis points......

Rs 5,000-crore stressed asset fund for MSMEs mooted

The RBI panel has also recommended a government-sponsored ‘fund of funds’ of Rs 10,000 crore to support the venture capital and private equity firms investing in the MSME sector. A......

RBI keen to link home, auto loans with external benchmark

Currently, banks follow system of internal benchmarks, including Prime Lending Rate, Benchmark Prime Lending Rate, Base rate and Marginal Cost of Funds based Lending Rate. Illustration: Uttam......