
June 20, 2016 02:16 IST
Express Economic history series: Pranab Mukherjee, who was Finance Minister then, was opposed to the proposal, prompting Prime Minister Manmohan Singh, a former RBI Governor himself in the mid-80s.
Mon, Jun 20, 2016
June 19, 2016 04:40 IST
Earlier, Rajan had indicated to a few people that he wouldn’t “run away “ and that there was plenty of unfinished work.
Mon, Jun 20, 2016
June 13, 2016 04:10 IST
The final merger of FMC and SEBI came when Finance Minister Arun Jaitley announced it in his 2015 Budget.
Wed, Apr 05, 2017
June 07, 2016 16:57 IST
After today's monetary policy review, it is fairly clear that the window for a rate cut has been closed at least in the near future - for a quarter or more.
Tue, Jun 07, 2016
June 02, 2016 01:37 IST
As early as 2002, the first expert group made the point that it was important to ensure that the competition legislation does not become anti-competitive.
Wed, Apr 05, 2017
May 30, 2016 01:14 IST
From low single digits three decade ago, foreign commercial borrowings now constitute over 38% of India’s external debt of over $ 470 billion, reflecting the changes in the economy.
Wed, Apr 05, 2017
May 20, 2016 02:42 IST
Currently, West Bengal and Punjab — which go to polls early next year — rank among the two most indebted states in the country.
Fri, May 20, 2016
May 18, 2016 18:29 IST
It is not that everything that Rajan has done is blemishless. The judgement of many of his moves, we will have to make a few years down the line.
Wed, Jun 01, 2016
May 18, 2016 00:54 IST
The Mauritius tax treaty came into sharper focus in 2001 when the stock market scam linked to Ketan Parekh blew up, leading to a probe by a Joint Parliamentary Committee.
Wed, Apr 05, 2017
May 06, 2016 02:19 IST
To bolster the rupee, the RBI offered to swap these funds for a minimum of three years at a fixed rate of 3.5%, leading to inflows of $ 34 billion, and helping stabilise the currency.
Wed, Apr 05, 2017
May 02, 2016 00:24 IST
Just as in the late 1990s, Indian lenders have been forced to recast loans to the some of same promoter firms that had dragged them down then too!
Wed, Apr 05, 2017
April 22, 2016 00:54 IST
With increasing longevity and the rise in the number of the elderly, it was clear that the pension scheme would leave a huge hole in the government’s coffers in the medium and long term.
Wed, Apr 05, 2017
April 13, 2016 02:51 IST
Although the RBI did some work on a potential new law, the move to review FERA was not pursued for a while, as the P V Narasimha Rao-led government went out of office in 1996.
Wed, Apr 05, 2017
March 31, 2016 00:52 IST
The Financial Sector Legislative Reforms Commission or FSLRC has suggested a prudent way out for any government to support any sector — setting aside funds in the Budget, and paying banks for subsidising these.
Wed, Apr 05, 2017
March 24, 2016 01:33 IST
NDA government recently lowered rates for PPF and other products.
Wed, Apr 05, 2017
March 16, 2016 00:59 IST
In 1988, in what was then Madras, a top law enforcement agency raided the residence of an executive director of a state-owned bank. Late that night, the report on the raid was pulled out of a newspaper at the last minute. Two days later, the executive director became the chairman of a bank in that […]
Wed, Apr 05, 2017
March 13, 2016 00:05 IST
He owned India’s biggest liquor company, a private jet, an Airbus and many other riches. Then in 2005, Vijay Mallya launched Kingfisher, an airline to match his style and flamboyance. Khushboo Narayan, Johnson T A and Shaji Vikraman tell the story of how Kingfisher went from bang to bust.
Mon, Mar 14, 2016
March 10, 2016 00:12 IST
In 1999, a year into Atal Bihari Vajpayee’s NDA government, as India’s mounting debt burden started to reflect in worsening indicators such as the fiscal deficit and the financial health of states, the Finance Ministry under Finance Minister Yashwant Sinha braced for the return of an economic crisis like the one of the late 80s. […]
Wed, Apr 05, 2017
March 07, 2016 00:08 IST
In the US, this is routine. The Federal Deposit Insurance Corporation or FDIC handled 8 bank failures last year — and as many as 157 in 2010.
Mon, Mar 07, 2016
March 02, 2016 00:42 IST
Recent Budgets have been cautious, and the one Arun Jaitley presented this week probably represents the complete disappearance of risk-taking.
Wed, Apr 05, 2017
March 01, 2016 04:57 IST
There were many outside of the govt including economists and some inside who were arguing persuasively for easing spending and to invest more, given the need to create more jobs and get the economy moving.
Tue, Mar 01, 2016
February 24, 2016 01:31 IST
In the current government, some of the Rs 100 crore schemes have been reported to have been introduced at the initiative of the PMO.
Wed, Apr 05, 2017
February 19, 2016 03:43 IST
Winsome Diamonds owes Rs 4,680.04 crore to a consortium of lenders headed by Standard Chartered Bank. Winsome’s associate Forever Precious Diamonds and Jewellery Ltd owes another Rs 2,121.82 crore to a set of banks led by PNB.
Tue, Apr 12, 2016
February 18, 2016 01:46 IST
An internal assessment by the Revenue Department had shown thousands of crores going to investors annually — a good number of them the promoters of large companies, and high net worth individuals.
Wed, Apr 05, 2017
February 10, 2016 00:46 IST
As Finance Minister Arun Jaitley gets ready to present his Budget, there appear to be some parallels from then — the banking sector crisis.
Wed, Apr 05, 2017


