Mahua Venkatesh

Rajan bats for RBI’s freedom, says governor’s ranking should be raised

Reserve Bank of India governor Raghuram Rajan pitched for elevating the rank of the RBI governor saying it should be commensurate with the position as the most important technocrat in charge of economic policies of the country.

Public sector banks may get more funds next January

Govt to stay out of Tata-DoCoMo dispute

Decision on SBI chief may come from Modi, Jaitley

Panama Papers: First report ready, 360 summoned, 40 untraceable

The first report of the multi-agency team, set up to investigate allegations made by the International Consortium of Investigative Journalists (ICIJ), popularly called the Panama Papers, is ready. The probe team has formed 400 cases involving Indian entities and individuals. Summons have been issued to 360 Indian entities and individuals while 40 are untraceable, said a top officer in the government.

Why the SIT proposal to tackle black money has split India’s babudom?

The recommendation of the Supreme Court-appointed Special Investigation Team (SIT) that cash transactions above Rs 3 lakh be fully banned, seems to have brought a schism in the bureaucracy.

Insurers wrap their products around Rio Olympians

After the stunning performance by women athletes at the just concluded Olympic Games at Rio De Janerio, insurance companies are gearing up to carve out their success stories to design products.

Insurers take a leaf out of Olympics pages

After the stunning performance by women athletes at the just concluded Olympic Games at Rio De Janerio, insurance companies are gearing up to carve out their success stories to design products.

Buzz shifts to extension for SBI head

After RBI governor, all eyes now on SBI’s next chief

After the announcement of Urjit Patel , as the new governor of the Reserve Bank of India, all eyes are now on Arundhati Bhattacharya, chairman, State Bank of India. Reportedly, in the running for the RBI top job, her term at SBI comes to an end in September. Sources said a final decision on her extension would be taken in the next couple of weeks. The decision will be taken jointly by the Bank Board Bureau and the finance ministry.

World Bank, others to lend a hand to banks for infra funding

Institutional lenders, including World Bank, Asian Development Bank (ADB), and KfW, among others, are looking to team up with public sector banks (PSBs) to fund India’s cash-starved infrastructure and renewable energy sectors. They currently fund government-backed projects individually.

In a first, cab secretary-led panel recommended guv

Urjit Patel’s appointment as RBI guv signals change in govt approach

The government chose Urjit Patel, deputy governor of RBI as Raghuram Rajan’s successor from a list of at least four names sent by the financial sector regulatory appointment search committee (FSRASC), sources said.

Cancer care the new buzzword for insurers

Insurers are now looking at launching standalone products for cancer and related treatments. Though most insurance companies already offer critical illness cover of as high as R50 lakh and above, the rising number of cancer cases in India are leading companies, including HDFC Life, Max Life and Universal Sompo General Insurance, to launch specific products.

Post-RK Pachauri Teri is safer for women

In the six months since Rajendra K Pachauri moved out of Teri under a cloud of sexual harassment charges, the influential energy research institute says it has cleaned itself up. It has put in place a transparent system of appraisals, and will set up an ombudsman whom anyone can approach with grievances.

Post-RK Pachauri Teri is safer for women

Cancer care is the new buzzword for insurers

NPAs bite: Rajan’s successor to be in the hot seat from Day One

With barely three weeks to go for RBI governor Raghuram Rajan to step down, the focus is back on his successor. With the government expected to announce the name of the new RBI governor soon, official sources said the new governor would have to finish the task set by Rajan to clean up banks’ balance sheets at the earliest.

NPAs bite: Rajan’s successor to be in the hot seat from Day One

Banks hope for strong credit demand this festive season

Banks hope for strong credit demand this festive season

As the festive season kicks-in next month, the country’s lenders are doing the mathematics about the discounts and freebies to be offered on housing, consumer goods and car loans, to woo the prospective buyers.

Now, pay more for vehicle insurance

GST impact: Get ready to shell out more as insurance premium

Your insurance premium is likely to increase after the implementation of the Goods and Services Tax (GST), if the final tax rate is fixed at 18%. However, since a number of levies, which are currently part of your premium, will be subsumed into one tax, it is expected to bring down the compliance cost significantly.

April 1 a stiff target for GST rollout: Jaitley

‘Best should not come in the way of the good’

Low valuations hit govt banks’ non-core business sale plans

Anxious states eye revenue hits, misses

April 1 stiff target for GST rollout, but efforts are on: Arun Jaitley

The April 1, 2017 deadline for the implementation of the goods and services tax (GST), India’s biggest tax reform since Independence, is a “stiff target”, finance minister Arun Jaitley said on Thursday.

New tax system a historic opportunity for India, says CEA on GST

Arvind Subramanian, chief economic adviser (CEA), in his report on goods and services tax (GST) in December, 2015, told HT that the new tax system was a historic opportunity for India. While several recommendations of the report have been abandoned, Subramanian is satisfied and underlined that in a true democracy, it is important to make adjustments. Excerpts: 

GST roll-out: One nation, one tax, 1 April...not sure

As India talks about the biggest tax reform since Independence -- the goods and services tax (GST), the key issue now is whether the government can meet the deadline of April 1, 2017.