That shadow banking was at the core of the financial sector meltdown that led to the Great Recession of 2007-08 is well documented and so is the fact that it remains big and powerful enough to cause serious financial crisis and yet, India and the US continue to promote it

Apart from rise in financial frauds in private companies in India, recent years have also witnessed a rise in the role of shell companies and tax havens in their operations, raising further concerns about illicit operations

The panel will interview shortlisted candidates on August 7; the selected name from the interview will be sent to the Appointments Committee of the Cabinet headed by the Prime Minister for final approval

This vacancy of RBI deputy governor has been reserved for the central bank's internal candidate, who would look after the key supervisory and regulatory functions at the Mint Road

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Compared to March, total exports - including non-oil exports of goods such as chemicals and plastics - decreased by 23.5 per cent, or about $3 billion, the General Authority for Statistics said

Stock Market LIVE Updates on June 25: Infosys, HDFC Bank, Axis Bank, IndusInd Bank, Asian Paints, ICICI Bank and HDFC were among the top losers in Sensex pack. On the other hand, Bajaj Auto, ITC, NTPC, UltraTech Cement and Reliance Industries were among the top gainers

Uday Kotak, who was also the President-Designate of CII for the last two years, will replace Vikram Kirloskar, Chairman and MD of Kirloskar Systems

The package is completely aligned to self-professed agenda of the IMF of limiting fiscal spending, relying on liquidity and credit to households, privatising government-run companies and more deregulations for private enterprises. This agenda has brought immense grief to a large number of countries to be comforting

Changes in RBI mandate, new infra financing models and rules for new-age banks can rev up the banking engines

The war-room was being manned by just about 120 most critical staff from the RBI, along with 60 key personnel from its 600-people strong workforce of its external vendor and around 70 facility staff

The 1929 and 2007-08 financial crises have amply demonstrated how unbridled growth of liquidity and household credit caused havoc in people's lives and economies. Pushing for more of the same at the time of massive loss of jobs and incomes is not such a good idea

Price indices of fuel and power major group have been computed based on the price data reported from Ministry of Petroleum and Natural Gas, selected public sector undertakings (PSUs), Office of the Coal Controller and Central Electricity Authority

Coronavirus-triggered slump in business activity is threatening to throw the world's third-largest economy into a deep recession, prompting calls for more government spending

With Twitter emerging as a key platform for information dissemination, many central banks are active on Twitter, especially in these times of economic uncertainties amid the coronavirus pandemic

The world's largest oil exporter is suffering from historic price lows, while at the same time measures to fight the new coronavirus are likely to curb the pace and scale of economic reforms launched by Crown Price Mohammed bin Salman

A global debt deal would help the developing nations to avoid looming debt disaster, United Nations Conference on Trade and Development (UNCTAD) said

Lockdown in india latest updates: The task force, comprising of doctors from both private and government hospitals, will guide doctors who are treating COVID-19 patients and help them handle the issue better

The first three tranches were conducted for Rs 25,000 crore each on March 27, April 3 and April 7, respectively

Rajan, 57, who was the Reserve Bank of India (RBI) governor for three years until September 2016, is currently working as a professor at the prestigious University of Chicago