The Reserve Bank of India (RBI) is unlikely to give in to the government’s demand of transferring funds that was set aside for contingency reserves in 2016-17 and 2017-18, according to sources.A total of Rs. 27,330 crore — Rs. 13,140 crore in FY17 and Rs. 14,190 crore in FY18 — …

Leading steel wheels manufacturer Wheels India Ltd. has posted an 18.28% rise in net profit for the third quarter ended December 2018 to Rs. 15.27 crore compared to Rs. 12.91 crore registered in the corresponding year-earlier period. Revenues rose 32.77% to Rs. 786 crore, from Rs. 592 crore. “There was …

The Cabinet has approved the setting up of a unified authority that would regulate all the financial services in International Financial Services Centres (IFSC), such as the Gujarat International Finance Tec-City (GIFT) in Gandhinagar. This is to be done through the International Financial Services Centres Authority Bill, 2019. An IFSC …

The fiduciary responsibility of the RBI’s board members lies with the central bank, its Governor Shaktikanta Das is learnt to have said. Mr. Das, who took charge in December, had made the remark while interacting with other board members during the farewell of his predecessor Urjit Patel in a South …

In the State of the Union address, President presses hishard line on immigration, says he will get the wall built Speaking words of bipartisanship, U.S. President Donald Trump delivered a State of the Union (SOTU) address that suggested he would continue to pursue policies that have most deeply divided the …

Road and air traffic between Jammu and Kashmir and the rest of the country was suspended on Wednesday due to heavy snowfall across the Valley, officials said. Of the 27 flights scheduled to arrive at the Srinagar Airport, 15 have been cancelled due to low visibility and incessant snowfall, an …

A senior Finance Ministry official has slammed a key plank of the government’s agriculture policy, saying that raising minimum support prices (MSP) for major crops causes distortions in the agriculture market. This leads to a vicious cycle of oversupply of such crops and a crash in market prices, said the …

India gains little by engaging the Taliban directly at this stage, says Amar Sinha , former Ambassador to Afghanistan and member of the National Security Advisory Board, countering Army chief General B.P. Rawat’s call for India to ‘join the bandwagon’ in talks. On Wednesday, a two-day ‘intra-Afghan’ dialogue of Afghan …

The Union Home Ministry has banned the Tehreek-ul-Mujahideen (TuM) under the Unlawful Activities (Prevention) Act for promoting terrorism and radicalising and recruiting youth for terrorist activities in India. Set up in the 1990s, TuM claims to be fighting for the “liberation of Kashmir,” the Ministry said in a notification announcing …

Protests by Opposition parties on issues such as the National Register for Citizens and a cut in faculty positions for SC/ST and OBC candidates ensured that the Rajya Sabha functioned only for a total 11 minutes on Wednesday. Soon after official papers were tabled in the morning, Rajya Sabha Chairman …