The report speaks of greater supervision on the NBFCs as they are no longer a small segment in the economy with their outstanding loans being close to 20 percent of the banking system.
How effective such a rate cut would be in bringing about the desired increase in private investment, however, remains to be seen
The Lok Sabha member from Srinagar also said governor's rule was "autocratic rule" and that his party was pressing on the present Jammu and Kashmir administration for polls in the state as soon as possible.
The meeting will review the progress with respect of some of the decisions taken in the last meet on November 19.
Jammu and Kashmir is presently under Governor's rule after the BJP withdrew support from its alliance partner PDP in June this year.
Effective June 22, 2018, the distribution of portfolios amongst the deputy governors has been reallocated.
The newly appointed pro tem Speaker has had a controversial political history and has earned the ire of the Supreme Court in the past.
Bharatiya Janata Party's chief ministerial candidate BS Yeddyurappa will be sworn in at Raj Bhavan on May 17 at 9.30 am, reports suggest.
About 37 fresh applications were received and shortlisting of applications is being done, sources said.
Private sector banks reported cumulative divergences of Rs 12,000 crore after the RBI asked to make disclosures in classifying select accounts as NPAs, which earlier were not classified by the bank.
Zeliang was appointed shortly after embattled Chief Minister Shurhozelie Liezietsu and his supporters failed to turn up in the Assembly to face the floor test following which the House was adjourned sine die.
The RBI kept its repo rate unchanged at 6.25 percent for a third consecutive policy meeting on Thursday as it continues to guard against a potential flare-up in inflation and an uncertain global economic environment.
The six-member monetary policy committee (MPC), headed by RBI governor Urjit Patel, Thursday maintained status quo on repo rate but revised the reverse repo rate upward by 25 basis points to 6 percent.
RBI Governor Urjit Patel and his deputies have got a big pay hike with the government more than doubling their basic salary to Rs 2.5 lakh and Rs 2.25 lakh per month, respectively.
"We are holding a Congress Legislative Party meeting in the morning and then will be meeting the Governor at 10.00 AM to stake claim to form the next government.
The RBI today said the banknotes in the Mahatma Gandhi series-2005 are to carry inset letter 'L' on both number panels, bearing the signature of Governor Urjit Patel.
Former Reserve Bank Deputy Governor Usha Thorat today said any consultation between the Government and RBI should not be construed as an infringement on the latter's autonomy.
Continuance of the absconding rape- accused Gayatri Prajapati as a minister in Uttar Pradesh was today questioned by Governor Ram Naik who shot off a letter to Chief Minister Akhilesh Yadav seeking a "justification" for it.
Reserve Bank of India Governor Urjit Patel allegedly received a threat mail asking him to quit the job from a 37-year-old man, who has been arrested from Nagpur, police said today.
Two days after staking claim with him to form the government amidst political turmoil in Tamil Nadu, AIADMK General Secretary V K Sasikala today sought an appointment with Governor Ch Vidyasagar Rao to parade MLAs supporting her before him.
Suspense mounted today over the swearing-in of VK Sasikala as Chief Minister of Tamil Nadu with the Governor deferring his plans to go to Chennai, as charges and counter-charges flew thick and fast between AIADMK and rebel leaders over the death of J Jayalalithaa.
The customary post-Budget address of the Finance Minister before the boards of the two regulators comes against the backdrop of the government pegging fiscal deficit at 3.2 percent of GDP for the financial year ending March 2018.
Interestingly, the Government is adopting a "target- driven" approach for attracting investments. It set "targets" for different departments on the number of MoUs to be signed and the amount of investment attracted during the summit.
In his first address to the staff after taking over as the 24th Governor on September 4, 2016, Patel, in an email, said the RBI has achieved the excellence only because of the collective efforts of its employees.
Reserve Bank Governor Urjit Patel today escaped possible grilling by a parliamentary committee over the demonetisation issue but for the intervention of former Prime Minister Manmohan Singh.