The rules now take effect on 1 July instead of 1 April, the Reserve Bank of India said. New rules may raise cost of raising capital for proprietary trading firms & squeeze profits.
High borrowing may reflect rising education costs, says panel, suggesting better outreach to schools, using regional languages, & ensuring every institution has loan facilitation centres.
Delivering MPC statement Friday, RBI guv said the central bank will buy Rs 500 bn of bonds on 11 Dec & similar amount on 18 Dec. It will hold $5 billion of buy/sell swap on 16 Dec.
RBI governor Sanjay Malhotra, in MPC statement, said the main purpose of open-market bond purchases was to infuse primary liquidity & not to influence the currency or bond yields.
HC stayed summons to Axis Bank officials by National Commission for Scheduled Tribes, moved by man alleging atrocities under SC/ST Act over bank effort to claim mortgaged property.
ED has accused Amtek promoter Arvind Dham of controlling web of nearly 500 shell companies operating as a layered structure, with up to 15 levels of indirect ownership, to divert funds.
Since the bulk of citizens did not regard drinking as a crime, they had no respect for the prohibition laws and did not cooperate with the police, wrote MV Venkata Rao in 1962.
We now live in a world order that will keep shifting. India must use this window. This also means we remain disciplined enough not to be knee-jerked into reacting to what Pakistan sees as its moment in the sun.
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