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Finance Commission report: Modi's federalism gets boost with bonanza for states

Feb 25, 2015 at 12:25 | Source: FirstPost

The report of the Fourteenth Finance Commission, tabled in Parliament today, is the first major test of the sincerity of Prime Minister Narendra Modis frequent statements about promoting true federalism and making states equal partners in national de...

SBI taking over Kingfisher House shows public banks are finally taking on influential defaulters

Feb 25, 2015 at 11:20 | Source: FirstPost

The rising pile of sticky assets on their balance sheets havebegun to push Indias state-run bankers to go for the kill on wily and crony promoters.This became evident when the country's largest lender, State Bank of India (SBI) on Tuesday took contro...

Sahara's woes continue: Supreme Court asks it to explain diversion of funds

Feb 25, 2015 at 08:19 | Source: FirstPost

New Delhi: Facing tough times in its attempt to get its Chief Subrata Roy out of jail, Sahara Group today landed in a soup again as the Supreme Court asked it to explain how it encashed securities, deposited with RBI, and diverted them to pay deposit...

SBI seizing Kingfisher house shows Public banks are finally taking on influential defaulters

Feb 25, 2015 at 08:19 | Source: FirstPost

The rising pile of sticky assets on their balance sheets havebegun to push Indias state-run bankers to go for the kill on wily and crony promoters.This became evident when the country's largest lender, State Bank of India (SBI) on Tuesday took contro...

SBI seizing Kingfisher House shows public banks are finally taking on influential defaulters

Feb 25, 2015 at 08:19 | Source: FirstPost

The rising pile of sticky assets on their balance sheets havebegun to push Indias state-run bankers to go for the kill on wily and crony promoters.This became evident when the country's largest lender, State Bank of India (SBI) on Tuesday took contro...

Finance Commission: Modis federalism gets leg up as states get a tax-share bonanza

Feb 25, 2015 at 07:45 | Source: FirstPost

The report of the Fourteenth Finance Commission, tabled in Parliament today, is the first major test of the sincerity of Prime Minister Narendra Modis frequent statements about promoting true federalism and making states equal partners in national de...

Finance Commission: Modis federalism gets leg up as states get a bonanza

Feb 24, 2015 at 17:29 | Source: FirstPost

The report of the Fourteenth Finance Commission, tabled in Parliament today, is the first major test of the sincerity of Prime Minister Narendra Modis frequent statements about promoting true federalism and making states equal partners in national de...

Govt has initiated action against 26 NGOs, 14 foreign donors: Kiren Rijiju tells LS

Feb 24, 2015 at 15:53 | Source: FirstPost

New Delhi: Government has initiated action against 26 NGOs in current fiscal after finding irregularitiesin receiving foreign contribution while 14 foreign donors have been placed under prior approval category.Minister of State for Home Kiren Rijiju ...

Budget 2015: Fiscal consolidation is the most important reform that markets are waiting for

Feb 24, 2015 at 08:33 | Source: FirstPost

A budget focused on fiscal consolidation will propel the Sensex and Nifty higher, bring down yields on the benchmark ten-year government bond and strengthen the rupee. Fiscal consolidation will drive in FII flows and rein in inflation expectations, a...

Budget 2015: Fiscal consolidation is the most imortant reform that markets are waiting for

Feb 23, 2015 at 18:15 | Source: FirstPost

A budget focused on fiscal consolidation will propel the Sensex and Nifty higher, bring down yields on the benchmark ten-year government bond and strengthen the rupee. Fiscal consolidation will drive in FII flows and rein in inflation expectations, a...

Budget 2015: Address issues of entrepreneurs and startups; they create jobs and wealth

Feb 23, 2015 at 14:44 | Source: FirstPost

If economic growth is the objective, if job creation and making India an attractive investment destination is the goal, if harnessing the energies of one of the worlds youngest nations is the political agenda, finance minister Arun Jaitleys Budget 20...

Rajans lone voice against ills of 'Appellate Raj' deserves to be heard

Feb 22, 2015 at 08:24 | Source: FirstPost

When Reserve Bank of India (RBI) governor, Raghuram Rajan, spoke about escaping from the Licence Permit Raj only to end up in the Appellate Raj, it reminds one the governors own remarks last year on the risks of excessive judicial oversight on regula...

Rajans lone voice against the ills of 'Appellate Raj' deserves to be heard

Feb 21, 2015 at 15:28 | Source: FirstPost

When Reserve Bank of India (RBI) governor, Raghuram Rajan, spoke about escaping from the Licence Permit Raj only to end up in the Appellate Raj, it reminds one the governors own remarks last year on the risks of excessive judicial oversight on regula...

Rajans lone fight against the ills of 'Appellate Raj' deserves to be heard

Feb 21, 2015 at 14:28 | Source: FirstPost

When Reserve Bank of India (RBI) governor, Raghuram Rajan, spoke about escaping from the Licence Permit Raj only to end up in the Appellate Raj, it reminds one the governors own remarks last year on the risks of excessive judicial oversight on regula...

Rajan says India must avoid "layers" of checks

Feb 21, 2015 at 04:30 | Source: FirstPost

PANAJI, India (Reuters) - India must strengthen its government and regulatory capabilities but must also resist bringing in "layers and layers of checks and balances" that hinder the state's normal functions, Reserve Bank of India Governor ...

Rajan says no formal proposal from post office to set up bank

Feb 21, 2015 at 03:30 | Source: FirstPost

PANAJI (Reuters) - RBI governor Raghuram Rajan said on Friday it had not received an application from India Post to set up a bank in the country.The country's postal office had been speculated to be interested in setting up banks across India. Earlie...

RBI eases some restrictions on shadow bank lending

Feb 21, 2015 at 00:45 | Source: FirstPost

MUMBAI (Reuters) - The Reserve Bank of India (RBI) on Friday eased lending regulations governing the country's shadow banking industry, removing investor limits and the need for collateral guarantees on standard debt transactions.The RBI said shadow ...

India eases some restrictions on shadow bank lending

Feb 21, 2015 at 00:30 | Source: FirstPost

MUMBAI (Reuters) - The Reserve Bank of India (RBI) on Friday eased lending regulations governing the country's shadow banking industry, removing investor limits and the need for collateral guarantees on standard debt transactions.The RBI said shadow ...

Rupee gains 12 paise, closes at 62.22/$

Feb 20, 2015 at 18:13 | Source: FirstPost

Mumbai: Bucking the weak trend in Indian shares, the rupee today closed with a gain of 12 paise against the American currency at 62.22 on selling of dollars by banks and exporters.Forex traders said participants bet against the dollar ahead of talks ...

Don't make 'mockery' of our lending operations, RBI warns banks

Feb 20, 2015 at 11:50 | Source: FirstPost

The Reserve Bank of India is getting tougher on extending unlimited credit to the country's banks to try to ensure they push interest rate cuts through the financial system and to stop them from making what one official called a "mockery" o...

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