Reliance Capital joins a long list of Indian shadow banks that have keeled over since the sudden collapse of infrastructure financier IL&FS Group in September 2018.
With the second term of three years, Das will head the RBI till December 2024. The decision was taken by the Appointments Committee of Cabinet headed by PM Narendra Modi.
A lack of coal means factories could shut while forcing India to import more fossil fuels at a time when crude prices at a seven-year high are already weighing on the energy-hungry nation.
The sale provides an opportunity for the Shapoorji Pallonji Group to reduce debt and focus on core real estate operations after its businesses were hammered by the pandemic.
RBI Governor Das further said the central bank will seek to gradually move towards achieving the 4% target, but the possibility of a sustained increase in inflation is unlikely.
India is facing an 8% monsoon rainfall deficit, which will impact future sowing & harvesting seasons, pressuring consumer prices and squeezing agri sector, says Rahul Bajoria.
Overseas funds have poured $7.2 billion into India’s equities this year. IPO market is on a tear, thanks to startups, & India looks set to attract investors scared off by China’s crackdown.
Firms across manufacturing & services spectrum are grappling with rising input costs, trying hard to strike a balance between sluggish consumer demand and need for higher profits.
India's projects related to BIMSTEC, Look-East-Act-East and Indian Ocean Rim Association could suffer a setback, impacting trade with South Asia and the South-South Cooperation agenda.
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.
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.
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