RBI says 'these instructions have been issued separately for 11 types of regulated entities and are cohesively organised across various regulatory areas'.
It will be tough for Reserve Bank of India Governor Sanjay Malhotra to get right. Rupee is the worst-performing Asian currency this year against the dollar.
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.
As Park Street now anticipates the Christmas lights, Bangla cinema eyes a harmony. Colliding heritage, devotion and some detective grit, the year-ender comes with a rediscovery.
Clean energy is “no longer the sideshow, it is the show”, BVR Subrahmanyam told the Odisha summit, warning India to lead the global shift or risk others’ tech dominance.
Dubai airshow crash & pilot death have rekindled concerns over pilot safety, and need for smarter automated systems that can step in when G-forces, temporary loss of consciousness hit the pilot.
None of Pakistan’s PMs has lasted 5 years. That the current PM has given Asim Munir 5 years shows that of all military dictatorships history has seen, Pakistan’s is most creative.
COMMENTS