Misdirected stimulus that relies heavily on liquidity infusion when demand is depressed and incentivising loan defaults by routinely writing off NPAs threaten financial stability and economic recovery

In a letter to RBI Deputy Governor M K Jain, the Central Consumer Protection Authority (CCPA) Chief Commissioner Nidhi Khare stated that 2,850 complaints have been received through the government-run National Consumer Helpline (NCH)

A combination of cost-push factors including supply side disruptions, sharp increase in international commodity prices, high retail margins and elevated taxes on petroleum products have kept inflation above the upper tolerance band, says Shaktikanta Das

Zaidi is the highest-ranking Pakistani-American appointed by Biden in his administration

Allowing big industrial houses in the banking sector has its own set of challenges

Earlier in the day, RBI Governor Shaktikanta Das said the inflation trajectory has not panned as per the central bank's expectations and upped its target for the price rise situation in the next one year

The Reserve Bank of India issued an order with respect to certain incidents of outages in internet banking/mobile banking/payment utilities of the bank over the past two years

RBI panel's proposal to allow big corporates/industrial houses to own and run banks and NBFCs is contrary to RBI's own earlier stand, economic logic and historical evidence of multiple economic crises caused by reckless private financial sector players

Rahul Gandhi took a dig at the Centre over the Reserve Bank of India's recent proposal to allow large corporate houses as promoters of banks. He mimicked Union Home Minister Amit Shah's phrase 'Chronology samajhiye' (Understand the Chronology) in the tweet

Former Reserve Bank of India's (RBI) governor Raghuram Rajan and deputy governor Viral Acharya have said that the proposals put out by an internal working group (IWG) of the central bank to allow corporate entry into banking is a \"bad idea.\"; Software giant Microsoft has rolled out a new feature on its Teams app through which up to 300 participants will be able to do free voice or video calls all day; Biotechnology major Biocon on Monday said it has inked an agreement for the acquisition of 26% stake on a fully diluted basis in Hinduja Renewables Two Pvt Ltd for Rs 5.91 crore. Watch this and more on News Blast.Also Read: 'India, top priority': Serum Institute CEO Adar Poonawalla on COVID-19 vaccine distribution plan

SpiceJet founders venture into COVID-19 testing SpiceHealth, a healthcare company founded by the promoters of low-cost carrier SpiceJet, announced on November 23 that it would conduct Real-Time Polymerase Chain Reaction (RT-PCR) tests, touted as the most decisive and crucial test for COVID-19, starting at Rs 499. The company also claimed that the test report will be generated in a record time of 6 hours after sample collection, in stark contrast to the current 24 to 48 hours it takes at mos...

Former Reserve Bank of India's (RBI) governor Raghuram Rajan and deputy governor Viral Acharya in an article he posted on LinkedIn, stated that it is important to stick to the tried and tested limits on corporate involvement in banking

In order to allow them to run full-fledged operations, the apex bank may make norms tighter as proposed by deputy governor M Rajeshwar Rao recently.

The Cabinet announcements could be released in tranches, with groups of nominees focused on a specific top area, like the economy, national security or public health, being announced at once

The saffron party, which has won in 74 seats, is expected to have two deputy chief ministers like Uttar Pradesh

It'll be Kumar's fourth term as the Bihar chief minister; he will take oath tomorrow. There is some suspense whether Sushil Kumar Modi will continue as deputy CM or if BJP will choose a new face

FM Nirmala Sitharaman Press Conference Live: FM Sitharaman's announced several stimulus measures to revive the ecomony on Thursday, November 12. Among several of them, she announced new subsidies for employers and employees under the Atmanirbhar Bharat Rozgar Yojana Subsidy

The Mudra portfolio of the largest bank in the country with over 20 per cent market share in banking assets indicates a similar situation in other public sector banks

Das was tested positive for COVID-19 on October 25 and had gone into home quarantine. He continued working from isolation with operations at RBI continuing as usual

Giving 75 per cent reservation in private sector jobs was a key poll promise by Chautala's JJP, which is the BJP's coalition partner in the state