Too much regulation may lead to danger of shadow banking: RBI
May 07, 2016 21:54 ISTWarning against excessive banking regulation, RBI Governor Raghuram Rajan today said this may lead to activities shifting to shadow financial system
Warning against excessive banking regulation, RBI Governor Raghuram Rajan today said this may lead to activities shifting to shadow financial system
Chennai: India's foreign exchange reserves increased by $1.52 billion to $363.12 billion as on April 29, 2016, the Reserve Bank of India (RBI) has said. According to the RBI's forex data, the reserves stood at
New Delhi: The Telecom Regulator Authority of India (TRAI) is most unlikely to give its nod to Bharti Airtel’s proposal to offer exclusive video content through a private network to a closed group of users
New Delhi: The Income Tax department has issued 2.10 crore refunds totalling over Rs 1.22 lakh crore in 2015-16, which saw 94 per cent the returns being filed online “During FY 2015-16, more than 2.10
New Delhi: The Air India management today paid pending flying allowance dues to over 800 pilots. The dues which accrued following the implementation of a new pay structure have been pending since January. The total
Bhopal: The Employees' Provident Fund Organisation (EPFO) has 15.84 crore members and not 3.7 crore as claimed by the government last March in connection with their proposal to tax PF withdrawals, an RTI applicant has
The Centre has released Rs 9,367 crore to drought-hit states under MGNREGA in 2016-17, Parliament was informed today.
New Delhi: Sahara chief Subrata Roy has been granted a four-week parole for attending his mother Chhabi Roy’s funeral who passed away in the wee hours this morning. The Supreme Court Thursday agreed to hear
New Delhi: Former owners of Ranbaxy Laboratories Malvinder Singh and Shivinder Mohan Singh, have been asked by a Singapore court to pay damages worth $400 million (over Rs 2,500 crore) to Japan's Daiichi Sankyo Co.
New Delhi: The court-mandated blanket ban on plying of diesel cabs in Delhi and NCR may cause a loss to the tune of $1.2 billion as BPOs may choose to go out of India, the
New Delhi: Former Air Force Chief N A K Browne, currently India's Ambassador to Norway, today strongly refuted as "baseless and malicious" reports that he was a "common link" in three major defence deals involving
Patna: A CBI court today directed RJD president Lalu Prasad and former chief minister Jagannath Mishra to be present before it tomorrow in connection with a case of multi-crore rupee fodder scam. The order for
New Delhi: The Lok Sabha today cleared the Insolvency and Bankruptcy Bill 2015, paving way for faster and easier resolutions to business disputes in India. Once implemented, the law will make insolvency resolutions speedier
New Delhi: A global airlines' association on Thursday reported that India's domestic passenger traffic grew by 27.4 percent in March. “The domestic India market remains the fastest expanding market, with growth edging up to 27.4
New Delhi: To ensure quicker connectivity, the government plans to build 1,000 km of expressways at an investment of Rs 16,680 crore under its NHDP programme, which include the Vadodara-Mumbai project. “The central government has
Hyderabad: A local court on Thursday said it will pronounce on May 9 its order on the quantum of sentence for beleaguered industrialist Vijay Mallya, who was convicted in two cheque bounce cases filed against
New Delhi: Tata group on Wednesday said it has doubled its published patents in two years to about 7,000 at the end of 2015. At the end of calendar year 2013, the conglomerate which has
New Delhi: India will overtake the US as the second-largest smartphone market next year, and local players, led by Reliance Industries, will benefit in the near term, says Morgan Stanley in its latest report based
New Delhi: The Ministry of Railways has proposed a tariff for the upcoming bullet train service between Mumbai and Ahmedabad that will be 1.5 times more than the first class AC fare prevailing now, parliament
New Delhi: As many as 2,508 cities in 26 states have been selected under ‘Pradhan Mantri Awas Yojana’ for providing affordable houses to the urban poor, the Lok Sabha was informed today. As on April
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