reserve-bank-of-india

RBI Imposes Penalties on 22 Banks with Fines Upto ₹30 Million

The Reserve Bank of India (RBI) has imposed penalties on 22 banks, including State Bank of India (SBI), Bank of Baroda and Canara Bank, for violating rules of customer identification and anti-money laundering. The banks have been fined ranging from ₹5 million to ₹30 million for the offence. Jul 15, 2013
minister-for-commerce-and-industry-anand-sharma

India Seeks French Investment in Infrastructure, Transport and Energy Sectors

India on Tuesday sought investment support from France in infrastructure, transport high technology and energy sectors. Commerce and Industry minister Anand Sharma met his French counterpart Nicole Bricq and reiterated PM Manmohan Singh's plan to boost investor sentiment in these key industries. Jul 10, 2013
adding-to-the-woes-indian-telecom-industry-witnessed-a-slump-in-subscriber-base-in-april

Telecom Commission Proposes 100% FDI in Telecom

The Indian Telecom Commission on Tuesday has approved the finance ministry's proposal to increase the ceiling on foreign direct investment (FDI) to 100 percent from 74 percent in the telecom sector. Jul 3, 2013
us-secretary-of-state-john-kerry

India, US to Raise Economic Issues, Afghan Talks during John Kerry Visit

US Secretary of State John Kerry is gearing up for a three-day visit to India to lead the 4th India-US strategic dialogue. He will co-chair talks with India's Foreign Minister Salman Khurshid on economical issues ranging from intellectual property protection to the new streak of entrepreneurs in the Asian country. Jun 20, 2013
indians-shopping-for-gold-after-prices-fell

Remember 1991? Is Chidambaram's Anti-Gold Policy Right?

Despite Indian Finance Minister P. Chidambaram's oft-repeated appeal to desist from buying gold, there is hardly any decline in gold sales across the country and the minister should realise that it was sine-qua-non to his budget beset with huge increase in daily taxes that had hit the country's massive middle class. Jun 14, 2013