In its annual report, the RBI said, apart from the Rs 52,000 crore, it also paid a surplus from its profit worth Rs 1.23 lakh crore to the govt, which is virtually double the size of the average of recent payouts.
Not just financial reform and market development, India must also pay attention to fiscal empowerment of state and improvement in public administration.
The transfer of surplus and excess capital is the right step, but the problem should not be left ambiguous in law. Parliament must debate and amend RBI Act.
Airshows are thrilling spectacles of aviation skill and engineering marvels. But they carry inherent risks as the crew is pushing the aircraft, and themselves, to perform at the edges of the envelope.
While global corporations setting up GCCs in India continue to express confidence in availability of skilled AI engineers, the panel argued that India’s real challenge lies elsewhere.
Wing Commander Namansh Syal is survived by his wife, their 6-year-old daughter and his mother. Back in his native village, relatives and neighbours wait for his remains for last rites.
It is a brilliant, reasonably priced, and mostly homemade aircraft with a stellar safety record; only two crashes in 24 years since its first flight. But its crash is a moment of introspection.
If the safe range is 5.5% to 6.5%, why go for the lower end, not the upper or the mean. Note the accounting adjustment for forex – using a weighted average – again a semantic ploy to increase the outgo.
If the safe range is 5.5% to 6.5%, why go for the lower end, not the upper or the mean. Note the accounting adjustment for forex – using a weighted average – again a semantic ploy to increase the outgo.