Daily Archives: December 13, 2018

To meet heads of PSBs, private banks

Addressing issues concerning the banking sector will be one of the immediate priorities of the newly-appointed Governor of the Reserve Bank of India, Shaktikanta Das, who has called for a meeting with the chief executives of Mumbai-based public sector banks on Thursday. “To begin with, I have convened a meeting …

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‘RBI’s excess capital should not be used to fund deficit’

Central bank’s sanctity should be preserved: former CEA Former Chief Economic Adviser Arvind Subramanian said it is important to protect the Reserve Bank of India’s (RBI) autonomy and there must be open technical discussions on issues in the present context. ‘No politicising’ “I want to convey that preserving the integrity, …

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Equities gain, rupee breaches 72 against dollar

However, market volatility may continue ahead of RBI meet Benchmark equity indices rose sharply on Wednesday as investor confidence grew after the appointment of a new governor for the Reserve Bank of India (RBI) and the State election results fuelling hopes that the government would increase rural spending, among other …

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Inflation outlook seems benign, says Das

New RBI Governor says he will interact with stakeholders to assess whether liquidity remains a constraint Reserve Bank of India Governor Shaktikanta Das said though inflation outlook seems benign, one should be watchful of the developments. After raising interest rates twice in the last six months and changing the monetary …

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Theresa May faces leadership challenge

Hardline Brexit MPs in Conservative Party seeks change in leadership to extract a new deal from European Union leaders British Prime Minister Theresa May faced a vote of no-confidence in her leadership of the Conservative Party on Wednesday evening after some pro-Brexit MPs in the party followed through on their …

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Allow ‘minorities’ into India, says HC

Court asks Centre to bring in a law The Meghalaya High Court has asked the Centre to bring in a law to let people of religious and ethnic minority communities from Afghanistan, Bangladesh and Pakistan to be given citizenship without any cut-off year or any questions asked. Allowing a writ …

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‘NSG must have its own air wing’

A Parliamentary panel has recommended that the Centre urgently take steps to ensure that the National Security Guard (NSG) — the country’s premier counter-terrorist and contingency force — is equipped with its own dedicated air wing. The committee headed by Congress leader P. Chidambaram observed with anguish that the two …

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