Majority wanted rate cut, but Rajan vetoed in August review

Last Updated: Tuesday, August 25, 2015, 19:07

The RBI held consultation with external Members of the TAC between July 22-28 in the run up to the Third Bi-monthly Monetary Policy Review, 2015-16 on August 4, 2015.

Mark Zuckerberg backed group against stringent laws on H-1B visas

Last Updated: Friday, August 21, 2015, 14:23

Almost 86 percent of the H-1B visas that the US granted last year for computer jobs had gone to Indian workers.

Rate cuts: Raghuram Rajan says watching monsoon impact on inflation

Last Updated: Thursday, August 20, 2015, 17:11

Amid persistent rate cut calls from the government and the industry, RBI Governor Raghuram Rajan on Thursday said the central bank is keeping a watch on monsoon and global factors to assess their impact on inflation.

Payments banks to strengthen financial ecosystem: Kochhar

Last Updated: Thursday, August 20, 2015, 16:10

With RBI announcing 11 licences for payments banks, top private sector lender ICICI Bank on Thursday said the entry of these new entities would strengthen the overall financial ecosystem and also benefit existing banks.

Government steps up pressure on RBI to cut rate

Last Updated: Thursday, August 20, 2015, 15:38

Finance Minister Arun Jaitley is stepping up pressure on the RBI to cut rates as the economy struggles and price rises slow, with some bureaucrats working behind the scenes to argue for an immediate cut of as much as 50 basis points.

Bankruptcy code, litigation policy to be ready soon: FM Jaitley

Last Updated: Tuesday, August 18, 2015, 22:57

To improve ease of doing business, government will soon finalise three new important laws - the litigation policy, the bankruptcy code and an arbitration law, Finance Minister Arun Jaitley said Tuesday.

Consensus between govt, RBI on monetary policy panel: FinMin

Last Updated: Tuesday, August 18, 2015, 17:58

The government and the Reserve Bank have reached a consensus on the structure for the proposed Monetary Policy Committee and Public Debt Management Agency, said Finance Secretary Rajiv Mehrishi.

Do you keep domestic workers at home? This is what they will be demanding from you soon

Last Updated: Monday, August 17, 2015, 14:43

In a bid to protect rights of the domestic workers, the government is readying a national policy for the skilled full-time household helps.

CBDT constitutes committee to fine tune transfer policy

Last Updated: Sunday, August 16, 2015, 20:42

In view of largescale cadre restructuring being effected in the Income Tax department recently, the CBDT has constituted a committee to review the existing transfer and posting policy in the organisation.

New policy for domestic workers: Govt proposes Rs 9,000 minimum pay, mandatory leaves

Last Updated: Sunday, August 16, 2015, 18:53

To protect the interest of domestic workers, the government is readying a national policy that proposes a minimum salary of Rs 9,000 per month for the skilled full-time household helps, along with a host of benefits including social security cover and mandatory leaves.

'Inflation data boosts case for rate cut before RBI next meet'

Last Updated: Friday, August 14, 2015, 16:01

With wholesale inflation plunging to a historic low, India Inc today said the downtrend in both WPI and retail inflation numbers coupled with sluggish industrial output data make a strong case for the Reserve Bank to cut interest rate ahead of its September 29 review.