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Anand Adhikari
February 26, 2014
The committee's report has suggested setting up a new kind of bank called 'Payment Banks' to foster financial inclusion, which would make payments but would be barred from lending. Mor, whose name is also doing the rounds as a possible deputy governor of the RBI, spoke to Anand Adhikari. Edited excerpts:


PTI
New Delhi, February 26, 2014
Gold imports rose in December to 25 tonnes, higher than 19 tonnes in the previous month, mainly on account of wrong interpretation of the RBI's 80:20 scheme, sources said.


Neha Dasgupta and Subhadip Sircar
Mumbai, February 24, 2014
The government and the central bank have often been at odds in fighting inflation. While RBI has often blamed the government's expansive fiscal policy, a growth-obsessed government, at times, has found it hard to digest interest rate increases.


PTI
Mumbai, February 24, 2014
The 30-share barometer resumed lower and gradually recovered, improving further to settle at one-month high of 20,811.44, a rise or 110.69 points or 0.53 per cent. The last time the key index closed at this level was on January 24.


Chandra Shekhar
Sydney, February 24, 2014
World's top 20 nations pledged to boost global growth by 2 per cent, or over $2 trillion, over five years, and agreed to work on automatic tax information flow and IMF reforms - meeting key demands of India.


Chandra Shekhar
Sydney, February 24, 2014
Asserting that India is well placed to weather financial crisis, RBI Governor Raghuram Rajan said the central banks of developed nations must also keep in mind emerging nations while framing monetary policies.


Anand Adhikari
Delhi, March 4, 2014
RBI under Rajan is talking of a radically new approach to achieving financial inclusion and creating a financial infrastructure for the new millennium. In his five months at the RBI's Mumbai headquarters, the central bank has come up with ideas that were never considered before.


Shweta Punj
Delhi, February 25, 2014
Both Narendra Modi and Rahul Gandhi have presented their broad economic vision, but neither has offered any pragmatic solutions to the most pressing problems facing the Indian economy.


PTI
New Delhi, February 21, 2014
\"She applied for voluntary retirement on health grounds and her request has been accepted by the government,\" Financial Services Secretary Rajiv Takru told PTI.


Suvashree Dey Choudhury
Mumbai, February 21, 2014
\"The ingrained nature of inflation and inflation expectations mean that reducing inflation - even over a protracted horizon - will require significant increases in policy rates, which will weigh on growth,\" the IMF said in its report.


Chandra Shekhar & Lalit K Jha
Sydney/Washington, February 20, 2014
The International Monetary Fund (IMF) also sees inflation, driven by food prices, remaining near double digits in 2014-15. Though it said tight monetary policy is likely to slow growth recovery.


Shihar Aneez and Ranga Sirilal
Colombo, February 20, 2014
Sri Lanka has sent a team to work with Indian authorities to bring home between 10 and 20 tonnes of the Sri Lankan rupees from the places of worship.


Vatsal Srivastava
February 20, 2014
According to the World Gold Council's latest report, lower prices of the yellow metal in 2013 were used as a buying opportunity by value investors. Demand for gold in the form of jewellery, bars and coins hit an all-time high.


PTI
New Delhi, February 19, 2014
Kolkata-based PSU bank's gross NPAs rose 188.3 per cent to Rs 8,546 crore, an addition of Rs 5,582 crore. It had Rs 2,963.8 crore of bad loans on March 31, 2013.


PTI
New Delhi, February 19, 2014
The Corporate Affairs Ministry also said words such as 'Bank', 'Stock Exchange' and 'Exchange' should be used only after getting no-objection certificates from the sectoral regulators.


Arvind Padmanabhan & Gyanendra Kumar Keshri
New Delhi, February 17, 2014
The finance minister could not change the tax regime vastly, as it required legislative approvals and is generally left for the next government in an election year. WATCH: Chidambaram presents Interim Budget for 2014-15. The direct tax rates were left unaltered. But that did not stop him from indulging in some self-acclamation for meeting key targets while highlighting achievements of his government.


PTI
New Delhi, February 15, 2014
Seeking to restrict gold imports, the Reserve Bank said nominated banks and agencies will not be allowed to import the precious metal in excess of their entitlements in first or second lot under the 80:20 scheme.


PTI
Mumbai, February 14, 2014
A smart rebound in share markets on late buying and renewed dollar selling by exporters helped the rupee to rise to a high of 61.92, before settling at 61.93-a rise of 49 paise or 0.79 per cent.


PTI
New Delhi, February 14, 2014
While UBI increased lending rates and cut interest on deposits, Canara Bank raised fixed deposit rates across maturities.


PTI
New Delhi, February 13, 2014
The reversal in vegetable prices has provided some relief on the inflation front in the last two months as it has come off from 11.2 per cent in November to 8.8 per cent currently.


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