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RBI Deputy Governor SS Mundra on Thursday said there is a need to further strengthen existing stressed asset resolutions mechanisms like oversight committees and joint lenders forums (JLF). “I think we need to provide more strength to the processes, and that is where there are discussions going on (like) whether...
A Parliamentary panel has decided to summonReserve Bank Governor Urjit Patel again to explain how much of the junked currency has been deposited in banks post note ban and the progress made in remonetisation. The meeting of the Standing Committees on Finance, headed by former cabinet minister M Veerappa Moily,...
Finance Minister Arun Jaitley on Thursday said supporting legislations for implementation of goods and services tax will be introduced in Parliament next week. The finance minister maintained that GST is likely to be rolled out from July 1. Jaitley said there is long procedure before the Bills are introduced in Parliament...
The Government has received investment proposals from three companies, including Amazon and Grofers, worth $695 million for retail of food products in India under the new FDI policy. “Three companies Super Market Groceries Supplies (Big Basket), Grofers India and Amazon Corporate Holdings have submitted their proposals for seeking permission to make...
SBI chief Arundhati Bhattacharya and Indian-origin physician Raj Panjabi have been named by Fortune magazine among the world’s 50 greatest leaders who are transforming the world and inspiring others to do the same. Bhattacharya, Chairman of India’s largest bank and the first-ever woman to do so, has been ranked 26th on...
Dr. Morepen Ltd has introduced a specialized therapy in the area of preventive cardiology and diabetology in a non-hospital environment for the first time in India. The therapy, called External Counter Pulsation (ECP) Therapy by Renew Singapore, is a non-invasive therapy, which enhances blood flow to the heart and...
Listed companies allotting shares to unlisted entities under M&A deals should keep the issue price same as the trading price on the day such schemes received board approvals. After putting in place stricter norms with respect to deals involving listed and unlisted entities, markets regulator Securities and Exchange Board of...
The Finance Ministry has called a meeting of bankers on Friday to discuss the ways to utilise the excess liquidity in the system. The meeting to be attended by heads of select large banks will be chaired by Economic Affairs Secretary Shaktikanta Das. Besides, RBI top officials including a Deputy Governor...
The total fund raising by companies through issuance of debt securities on BSE’s electronic book platform has crossed the Rs 2 lakh crore milestone. The BSE’s electronic book platform ‘BSE BOND’, for issuance of debt securities on private placement basis, was launched on July 1, 2016. Since then, 68 firms...
High-speed mobile broadband technology 4G drove data traffic across India in 2016, making up 60 per cent of incremental data volumes, according to a Nokia study. Nokia's annual Mobile Broadband Index study of mobile broadband performance in India revealed that ‘4G was the major source of data traffic across the...
Sunday EditionView All
19 Mar 2017 | Rajesh Singh
Is the marginalisation of the two caste-based parties in Uttar Pradesh a harbinger of change — from identity politics to the politics of development? If we take the 2014 and 2017 elections together, that does seem to be the suggestion, writes RAJESH SINGH Understanding an election result as monumental as that of Uttar Pradesh is akin to unravelling a deep thriller plot. The why, when, where, how and what — this...
STATE EDITIONSView All
25 Mar 2017 | PNS | Lucknow
Chief Minister Adityanath Yogi carried out a minor reshuffle in five ministers on Friday. A government spokesman said that Labour minister Swamy Prasad Maurya has been given additional charge of Co-ordination ministry while he has been divested of Urban employment and poverty alleviation and the charge of these ministries have been given to Urban Development minister Suresh Khanna...