
February 04, 2016 00:50 IST
In July 1991, the RBI pledged 46.91 tonnes of gold with the Bank of England and the Bank of Japan to raise $400 million but the government was quick to repurchase it months later as the situation improved.
Wed, Apr 05, 2017
February 03, 2016 03:24 IST
The conventional wisdom among lenders such as IMF then was that free cross border capital flows were good in themselves.
Wed, Feb 03, 2016
January 30, 2016 00:22 IST
Indian policymakers obsessively focus on crises in the West, and underestimate the problems emanating from emerging economies
Sat, Jan 30, 2016
January 27, 2016 00:10 IST
In 1992, the government introduced new rules to allow foreign investors, to buy into stocks of Indian companies listed on the stock exchanges and also unlisted firms.
Wed, Apr 05, 2017
January 21, 2016 00:53 IST
The just-presented Budget had referred to stock options for IT firms linked to the issue of capital abroad.
Wed, Apr 05, 2017
January 19, 2016 00:00 IST
Diana L Eck, scholar and professor of Comparative Religion and Indian Studies at Harvard University, acclaimed for her books — India: A Sacred Geography and Banaras: City of Light, talks about what pluralism means in India today and the ecological threats to India’s ‘sacred geography’.
Tue, Jan 19, 2016
January 13, 2016 00:21 IST
In 1982-83, a couple of years after India negotiated a $ 5-billion loan from the International Monetary Fund, and as the economy started to recover gradually, the government opened up investments in new or existing local companies for Non Resident Indians. Interest rates on foreign deposits were then higher than on domestic deposits, as the […]
Wed, Apr 05, 2017
January 07, 2016 00:44 IST
In 2002, as interest rates started sliding and there were early signs of a rebound in growth at a time when the global economy was yet to recover, the Budget division of the Finance Ministry started analysing the government’s expenditure trends for potential cuts and savings. They noticed that, unsurprisingly, close to half the government’s […]
Wed, Apr 05, 2017
December 30, 2015 19:01 IST
Macro-economic management has been good, reflected in indicators such as a low current account deficit, a well performing currency, adequate foreign exchange reserves of over $ 350 billion, relatively low inflation at below 6 per cent and expenditure under relative control.
Wed, Dec 30, 2015
December 30, 2015 01:11 IST
By 1994-95 and in the years that followed, the newly licenced private banks in India leveraged technology in a big way, differentiating themselves from state-run banks.
Wed, Apr 05, 2017
December 23, 2015 00:48 IST
The Narasimham Committee-II had suggested that these institutions should either convert themselves into banks or non-banking financial companies (NBFCs).
Wed, Apr 05, 2017
December 22, 2015 01:40 IST
Kotak Mahindra group chief Uday Kotak says the time is opportune to build India, thanks to a very favourable commodity cycle.
Tue, Dec 22, 2015
December 17, 2015 00:43 IST
The Atal Bihari Vajpayee government came in for strong attack in Parliament, and agreed to a Joint Parliamentary Committee probe into the stock market scam.
Wed, Apr 05, 2017
December 10, 2015 01:28 IST
Like in the case of VAT, it looks certain again that a major tax reform will be implemented by a regime and political formation different from the one that pushed it to begin with.
Wed, Apr 05, 2017
December 03, 2015 00:41 IST
Many banks came on board to diversify the shareholding base, even though top investors such as IFC, the World Bank’s investment arm, declined to take a stake.
Wed, Apr 05, 2017
November 26, 2015 00:48 IST
Taxpayers used to file annual returns to the Income-Tax Department in physical form, attaching a lot of supporting documents. Both the taxpayer and the Department had to deal with mountains of paper.
Wed, Apr 05, 2017
November 18, 2015 00:30 IST
An expert suggested by the World Bank also advised that the system had worked in Scandanavian countries and in Australia.
Wed, Apr 05, 2017
November 17, 2015 00:15 IST
What are the new rupee denominated overseas bonds that Prime Minister Modi spoke about in the UK? What’s in them for Indian issuers and foreign investors?
Tue, Nov 17, 2015
November 11, 2015 00:00 IST
By April 1992, Sebi had become the statutory regulator, but a kind of vacuum existed for the next few months.
Wed, Apr 05, 2017
November 09, 2015 19:03 IST
In an interview, Ashish Kundra, administrator for Daman & Diu and Dadra & Nagar Haveli explains why these territories will emerge as new tourist and investment destinations.
Mon, Nov 09, 2015
November 05, 2015 00:23 IST
A draft law on bankruptcy is ready for public comments. It could be an important piece of reform. SHAJI VIKRAMAN explains
Thu, Nov 05, 2015
November 04, 2015 00:46 IST
In 2008, India had to drop a proposal to borrow after China objected to a Rs 11,000 crore loan to strengthen electricity distribution and transmission in Arunachal Pradesh and Sikkim.
Wed, Apr 05, 2017
October 28, 2015 16:30 IST
Some of India's rise has to do with the push by the government and states to cut red tape and the number of approvals required to open a factory or other units.
Wed, Oct 28, 2015
October 28, 2015 00:24 IST
Most appear to have forgotten the existence of IFCI, the last of the original developmental institutions, which was run to the ground by successive managements decades ago.
Wed, Apr 05, 2017
October 22, 2015 00:47 IST
The case prompted the Finance Ministry to act quickly on operationalising the Securities Appellate Tribunal in 1997.
Fri, Jan 20, 2023




