Maha ARC was set up to restructure distressed institutions linked to state government, but officials said the company would have been most useful for reconstructing and selling off sick cooperatives.
Uncertainty over tariffs on India’s exports to the US and a less certain path for Federal Reserve rate cuts are exerting pressure on the rupee, which fell for a third straight session on Monday to 88.7988 against the dollar.
Court dismissed Ambani’s plea for a personal hearing, saying that SBI had provided him adequate opportunity to explain his case in line with RBI and Supreme Court directions.
The other emerging market currencies experienced a more pronounced depreciation against the dollar than the rupee in 2024, resulting in a relative appreciation effect.
While bond yields tend to fall amid low inflation & interest rate cuts, market experts say they’ve been rising due to concerns over tax collections, fiscal deficit & potential impact of US tariffs.
The decision was announced by RBI Governor Sanjay Malhotra Wednesday during the Monetary Policy Committee meet, after reviewing the latest economic and financial conditions.
Govt says digital payments also uplift under-served communities by providing them financial footprint that can be used to assess credit worthiness in absence of traditional documents.
Maharashtra, Haryana, Delhi & Tamil Nadu top the chart when it comes to these frauds. Together, they account for 69% of the total reported frauds, according to FinMin data.
Improvement indicates more people have better access to & are actively using financial services. Index ranges from 0 to 100 and is based on access, usage & quality of monetary services.
Former Bangladesh Prime Minister Sheikh Hasina has, in a sense, tasted her own medicine. The International Crimes Tribunal, the special court she instituted for...
Despite tariffs, US remains India’s largest export destination, with $52.12 billion worth of merchandise exports in the first seven months of this financial year.
Without a Congress revival, there can be no challenge to the BJP pan-nationally. Modi’s party is growing, and almost entirely at the cost of the Congress.
COMMENTS