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3 mins read
An end to the spat between the RBI and the government could be in sight as the board of the central bank prepares to meet next week
After initially refusing to loosen restrictions under the framework, it appears that the RBI m…
3 mins read
The spat between India’s central bank and the government gets more heated as the finance minister blames it for not doing enough to prevent the country’s bad loan problem
Some may say that this is an unfair assertion from Jaitley. The RBI has consistently lobbied f…
2 mins read
Here’s why the Indian government’s intervention to stop rising fuel prices may only be a temporary relief
It has done so by slightly cutting the excise duty, a type of indirect tax, on imported diesel…
2 mins read
India’s finance ministry claims that state-owned banks will recover 20% of their bad loans this year
While a number of large accounts are expected to be resolved under the Insolvency and Ban…
2 mins read
India’s government is merging three state-owned lenders to create one of the country’s largest banks
The problems plaguing India’s public sector banks are well known. In addition to poor governance,…
1 min read
India’s central bank finally intervenes as the rupee reaches a new all-time low
The rupee has been slipping since the initiation of the US-China trade war, the Turkish Lira cri…
3 mins read
India was the world's fastest growing economy for first 3 months of 2018, but there’s a catch
With a growth of 7.7% in the three months that ended 31 March, India recorded its highest growt…
3 mins read
The Indian government is moving ahead with a plan to create a mega-insurer with a 35% market share
The idea behind the consolidation is to make all three firms stop competing with each other and…
2 mins read
Indians are getting more financially savvy
Mutual funds are an easy way to access both equity and debt markets, which are riskier tha…
5 mins read
'We want to finish the handover quickly, because we are paying ₹20 crore a day to run the airline,' says DIPAM Secretary on privatisation of Air India
Earlier this month, the government had accepted an offer by Talace Pvt Ltd, a unit of the hold…
PTI
5 mins read
Finance Minister Nirmala Sitharaman’s tribute to the late Arun Jaitley is also coming ahead of a tough GST Council meeting where states will ask for money
SBI, ICICI Bank, Axis, Kotak and others have plans to raise $14 billion — but if things go haywire,…
5 mins read
2018 was a big year for mergers and acquisitions in India. Here are the top deals
This year proved to be quite a robust one for mergers and acquisitions for Indian corporates. Bu…
3 mins read
India, Pakistan in sync to build corridor for Sikh pilgrims
Rajnath Singh, India’s Union Home Minister tweeted the decision to build the corridor. …
2 mins read
India’s finance minister sees a host of opportunities from the US-China trade war
Earlier this week, the US government’s 10% duty on $200 billion worth of Chinese imports came int…
2 mins read
India’s main financial regulators and its largest bank are trying to calm investors amid fears of a liquidity crisis
It’s not everyday that a country’s financial watchdogs have to step in to reassure investors th…
2 mins read
India’s government is launching an online logistics portal to boost exports
The platform will function as a one-stop shop for traders and manufacturers, and not only conn…
6 mins read
Arun Jaitley, every big man's friend, passes away at the age of 66-- leaving behind lessons in the 'art of the possible'
The former Finance Minister could have even written the famous book ‘How to make friends and influe…
4 mins read
Sorry Piyush Goyal, those fiscal deficit and double-digit growth targets are unrealistic
On Monday, the interim Finance Minister Piyush Goyal, who also leads the Railway ministry, made tw…
1 min read
The last rites of India's former Finance Minister Arun Jaitley will be performed today
After an impressive political career spanning decades when he never won an election but was always …
3 mins read
A stressed power sector is threatening India’s economy, but its banks have a solution
After a rescue plan for stressed power assets involving a joint venture by state-owned firms like N…