Vishwanathan said the RBI's revised framework on resolution of stressed assets introduced on June 7 is \"less intrusive\" as it gives banks the leeway to draft their own resolution plans for a particular case.

According to former RBI Governor Raghuram Rajan, the slowdown in the economy \"very worrisome\", and he called for pressing reforms to boost the economy and energise the private sector to invest as well as a fresh look at the way GDP is being calculated

The government-promoted micro loan scheme 'Mudra' is a great help to first-time borrowers and existing entrepreneurs, but the risk of asset quality deterioration is rising

Even if the government decides to go ahead and issue sovereign bonds in foreign currency, its rising borrowings will continue to put pressure on liquidity in the domestic market

The recent Budget decision on super tax has already led to an outflow of dollars by foreign investors

Indians with taxable income of more than Rs 10 lakh rupees a year now pay 30% of their earnings as income tax plus an additional 4% on the amount of taxes paid

Word is that former finance secretary Subhash Chandra Garg did not properly apprise the PMO of the consequences of borrowing in external currency. This contention does not seem to hold water

Numbers speak for themselves. Non-performing assets (NPAs) under Mudra have doubled in absolute terms to Rs 17,651 crore over the last two years

We made our position clear to all those who matter, SJM's Ashwani Mahajan says. The economic wing of RSS opposes the idea raising sovereign overseas borrowing, and believes Garg was the brain behind it

A strong dissent note to the Bimal Jalan committee on the RBI's Economic Capital Framework and his role in making sure India moves ahead for external currency sovereign bonds cost Economic Affairs Secretary Subhash Chandra Garg dear

The Appointments Committee of Cabinet, which constitutes PM Narendra Modi and Home Minister Amit Shah, transferred 12 secretaries and upgraded the post of the same number of senior IAS officers in their respective departments

Now, all the other three deputy governors-NS Vishwanathan, BP Kanungo and MK Jain-have been made responsible for 12 departments each

Indian banks win UK court order to seek details of Vijay Mallya's asset ownership, Chandrayaan-2: World media hails India's great leap forward, Former RBI governor among top picks for IMF chief role and other news on News Blast

Indian banks win UK court order to seek details of Vijay Mallya's asset ownershipTwo superyachts, a game reserve, numerous undeclared high-value and vintage cars, valuable paintings and a piano previously owned by Elton John are among the assets in contention as part of a latest legal claim by Indian banks against embattled liquor tycoon Vijay Mallya in the UK High Court on Monday. Justice Robin Knowles,  ruled that he was satisfied that a consortium of Indian banks led by SBI have a rig...

The overall profile of Rajan, who's a professor at the Chicago Booth School of Business and has served at one of the top institutions across the world, also makes him a suitable choice among the front-runners for the top job at IMF.

\"We must look at the experience of countries that have taken loans from international markets to meet their government deficit. The experience of these countries has been far from good,\" says Ashwani Mahajan co-convenor of Swadeshi Jagran Manch