RBI imposes Rs 2 cr fine on Deutsche Bank AG
The Reserve Bank of India (RBI) on Tuesday imposed a penalty of Rs 2 crore on Deutsche Bank AG for non-compliance with certain directions issued by the central bank. An…
RBI
Bharat’s foreign exchange reserves rises by over $4 bn
Bharat’s foreign exchange reserves rose by $4.483 billion during the week ended January 1. According to the Reserve Bank of India’s weekly statistical supplement, the reserves increased to $585.324 billion…
CII seeks clarity in taxation laws, simplification, lesser litigation
CII has suggested the government to bring about clarity in the taxation laws, simplification of procedures and reduction of litigation in the upcoming Union Budget. It noted that the taxation…
Beating predictions, economy pulling out of Covid’s deep abyss: RBI (Ld)
Bharat’s economy is pulling out of Covid-19’s deep abyss at a faster pace than most predictions, Reserve Bank of India said in its monthly bulletin for December. “Since the assessment…
Issues and challenges in supervision of Cooperative Banks for RBI
In a move aimed at protecting the interest of depositors, Parliament passed amendments to the Banking Regulation Act, thus bringing cooperative banks under the supervision of the Reserve Bank of…
Fiscal and Monetary Policies at X-Roads
While some leaders, particularly the politicians cutting across party lines, have been advocating that RBI should monetize the fiscal deficit of the government in order to pump in more liquidity…
Will RTI Act become a Toothless Tiger?
RTI Act was passed in the year 2005. Consequent to this, the citizens of the country have been vested with the power to obtain any information related to governance and…
Business Cycles, Structural Issues and Challenges to Bharat’s Economy
Business cycles are common across the world and their pattern is mostly predictable. Whereas, structural issues are those that are caused by certain changes in the market which are basic…
A Piece of Advice to Government and Bimal Jalan Committee
Bharat’s real estate sector is facing a big challenge of 12.76 lakhs of unsold houses in top 30 cities. Bharat’s automobile sector is witnessing its worst phase in 18 years….
Prompt Corrective Action Vs Politically Correct Action
Bharat’s banking sector is now getting into vicious cycle of NPA-led dip in bank profitability- weaker bank balance sheets- decline in incremental bank credit. This is not an overnight phenomenon…