Home Minister Rajnath Singh on Wednesday said cyber crime has become an industry globally and that such offences may occur “very often” due to the
Month: March 2018
current account deficit: Current Account deficit widens to 2% of GDP on higher oil import bill – The Economic Times–17.03.2018—–*****
The trade deficit had hit a 56-month-high in the month of January before narrowing in the month of February. Current account deficit (CAD)- excess of
RBI: Wisdom of RBI’s move to restrict trade finance instruments questionable – The Economic Times–17.03.2018
On moving from LoU to bank guarantee or Letter of Credit funding, bank charges will be higher. Hence, there will be difference of 0.5-1% in
Ban on LoUs will squeeze trade edit–Economic Times–17.03.2018
The Reserve Bank of India’s (RBI) fiat to discontinue letters of undertaking (LoUs) and letters of comfort for importers to prevent their misuse is a
RBI has enough powers to supervise banking sector, says former chief C Rangarajan – The Financial Express–17.03.2018
Disagreeing with RBI Governor Urjit Patel, former central bank chief C Rangarajan today said the Reserve Bank has ‘enough powers’ to supervise the banking sector,
Urjit Patel rises to occasion: RBI governor is no ‘yes man’ to Narendra Modi – The Financial Express–17.03.2018
Urjit Patel picked a good time to find his voice. The usually reticent central bank governor robustly defended his institution after India’s finance minister blamed
India’s Oct-Dec current account deficit widens on higher imports; expert says more bad news ahead – The Financial Express–17-03-2018
India’s October-December current account deficit widened sharply from a year earlier, driven by higher imports, data from the Reserve Bank of India showed on Friday.
GST collection to cross Rs 90k cr a month from April: CBEC – The Financial Express–17.03.2018
The collection of Goods and Services Tax (GST) will see buoyancy from April onwards and will cross Rs 90,000 crore per month, a top official
Why RBI is right on bank reforms – The Financial Express–17-03-2018
Where Patel and his predecessor Raghuram Rajan have to be congratulated though, is that while banks were merrily ever-greening dubious loans, RBI inspections never uncovered
Urjit Patel is right: But Reserve Bank of India should introspect as well | Business Standard Editorials–17-03-2018—–*****
The recent scandal about fraudulent letters of undertaking (LoUs) has once again brought into the public eye the question of governance and regulation of public
RBI’s hasty move – Business Line–17-03-2018—–*****
The Reserve Bank’s move to ban the issue of letters of undertaking (LoU) — the instrument used by jewellers Mehul Choksi and Nirav Modi to
SC wants PNB probe report in sealed cover, Centre objects | The Indian Express–17.03.2018
The Supreme Court’s suggestion to file the probe report of the PNB scam in a sealed cover before it invited strong protests from the Centre
Insomnia, a symptom and a disease risk | columns | Hindustan Times–17.03.2018
There’s a genetic link between insomnia and psychiatric disorders and metabolic diseases such as type 2 diabetes, according to a new study. Expanding on previous
India should see growth picking up after two transitory shocks: IMF – The Economic Times–16.03.2018
Recent IMF research indicates that the rise of artificial intelligence and the digital economy has the potential to increase income growth. The IMF today said
Amend the law to let RBI discipline PSU banks–16-03-2018
It is easy to dismiss, as an attempt to pass the buck, RBI governor Urjit Patel’s anguished plea for greater legislative powers to stop scams
Why RBI is right on bank reforms – The Financial Express–16.03.2018
Reserve Bank of India Governor Urjit Patel sounds a bit self-serving when he quotes the IMF and World Bank’s FSAP report as saying the central
New Delhi to seek 8 years to phase out export subsidies at WTO – Business Line–16.03.2018
India will make a case for an eight-year transition period to phase out its export subsidies at the consultations sought by the US at the
Watch out, the bond market is rebelling – Business Line–16.03.2018—–*****
Lately, neither the MPC nor the RBI have been able to make domestic interest rates dance to their tunes For a long time, market-watchers in
PNB scam: Govt snubs RBI, says it has enough powers – Times of India–16.03.2018
A day after Reserve Bank of India governor Urjit Patel sought to shift the blame for the Punjab National Bank fraud on the government, officials
Governor’s lament | The Indian Express–16.03.2018
“Success has many fathers, failures none, Hence, there has been the usual blame game, passing the buck, and a tonne of honking, mostly short-term and
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