Demonetisation: Parliament panel may summon PM Modi if RBI’s reply not satisfactory.

Demonetisation: Parliament panel may summon PM Modi if RBI’s reply not satisfactory.

The Public Accounts Committee (PAC) of Parliament can call Prime Minister Narendra Modi on the issue of demonetisation if it is not satisfied with the answers given by top finance ministry officials and RBI Governor Urjit Patel, to whom a detailed questionnaire has been sent. A PAC meeting on this issue has been called on […]

Shares 0

I’m being victimised, forced to go into hiding: Read Vijay Mallya’s emotional outburst

I’m being victimised, forced to go into hiding: Read Vijay Mallya’s emotional outburst

Beleaguered businessman Vijay Mallya, who has been summoned by the ED to appear before it on March 18, has ruled out his return to India for now, saying the time is not “right”. “There was a lookout notice issued against me last year. But I didn’t ‘escape’. Why am I being portrayed as a criminal […]

Shares 0

Why India Inc must stop whining about interest rates and start cutting retail prices

India Inc is used to eating its cake and having it too. Right now, when demand conditions are weak, it has been seeking excise reliefs (the automobile companies got it, too), and is now baying for interest rate cuts. With every fall in the retail and wholesale prices indices, the calls get shriller. Sorry, just […]

Shares 0

RBI to withdraw all currency notes issued before 2005.

Mumbai: The Reserve Bank of India (RBI) on Wednesday said it will completely withdraw from circulation all currency notes issued prior to 2005, without elaborating on the reason but assuring there was no reason to panic. These notes can be identified easily as notes issued before 2005 do not have the year of printing mentioned […]

Shares 0

RBI says LS elections a “potential source of uncertainty”

Mumbai: As the general elections draw closer, the Reserve Bank has warned that any political instability after May 2014, post-results, will drag the beleaguered economy further down, and that a stable new government would be desirable. “A potential additional source of uncertainty is the coming general elections. A stable new government would be positive for […]

Shares 0
1 2 3