Ending months of speculations about who will fill in the shoes of Raghuram Rajan at the Reserve Bank of India (RBI), Urjit Patel was today appointed as the new Governor of the Central bank. The
The Reserve Bank on India (RBI) has imposed penalties of up to Rs 5 lakh on four co-operative banks for violation of norms.
Pitching for an end to the government’s role in top-level appointments at state-run banks, RBI governor Raghuram Rajan on Tuesday suggested empowering their boards to take all major governance decisions freely without having multiple "constituencies
Union Finance Minister Arun Jaitley on Sunday called for reforms at municipal and panchayat levels to complement the efforts of the Centre and the states to improve ease of doing business. Both the Centre
In a move aimed at simplifying the procedure of payment of EMIs for homes, the Employees' Provident Fund Organisation (EPFO) may soon roll out a scheme that will allow its over 4 crore subscribers to
A panel formed by the government to look into the issue of bringing all pension products under one regulator is likely to submit its report shortly, a top official of pension watchdog PFRDA said today.
India's annual retail inflation shot up beyond the official tolerance level of 6 per cent for July mainly on higher food prices like pulses and vegetables, while on the brighter side the factory output rose
Having faced a slew of attacks over speaking his mind on a range of issues, Reserve Bank of India Governor Raghuram Rajan, it now appears, has learnt the art of avoidance. While that may stoke
Wipro Chairman Azim Premji and HCL co-founder Shiv Nadar are the only two Indians billionaires to feature in a list of the world’s richest tech tycoons. What is more remarkable is that they rank in
Lok Sabha today passed a bill that provides for higher compensation in case an employee is injured in industrial accident and has a provision for hefty penalty in case any violation by the employers. The
Senior Congress leader P Chidambaram on Sunday said there are "serious differences" between the Union Government and state Finance Ministers on finalisation of the GST tax structure and that he did not think they were
The coming week will mark the last independent monetary policy update by a RBI governor as the outgoing chief of the central bank will make his last call on the policy on Tuesday. The Reserve
India's top telecom company Airtel today announced two new plans for its postpaid customers under its 'myPlan Infinity' series. The telco is offering unlimited voice calls with local, STD, and roaming all included for its
Moving towards a new regime, the central government today notified 4 per cent inflation target for the next five years, based on which the new interest rate setting panel would take its monetary policy decisions
In a big boost to PM Narendra Modi’s ambitious ‘Make in India’ programme, the American defence major Lockheed Martin has offered to manufacture the latest version of fighter aircraft F-16 in India to meet New
After a long 7-hour debate, Rajya Sabha passed long-awaited Goods and Services Tax (GST) Bill which will facilitate rollout of the Goods and Services Tax or GST in the country. The 66-year-old Constitution, which
The Reserve Bank of India (RBI) on Monday issued new guidelines for ‘on tap’ banking that seek to encourage non-banking finance companies (NBFCs) to turn themselves into full-fledged banks. Individuals, private sector entities and NBFCs
Pakistan has claimed that it does not need support from the International Monetary Fund (IMF) anymore and will stop looking to it for assistance. “Pakistan will soon stop looking towards IMF for assistance. The last
The steel industry is one of the largest contributors to non-performing assets (NPA) in the country. It has outstanding loans of around Rs three lakh crore in various banks.
The Lok Sabha today passed a law empowering banks to take possession of collateral in the case of loan default, except for farm land, while Finance Minister Arun Jaitley promised a compassionate view on education
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