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After ten years of persistence in making India a global hub for Arbitration in commercial disputes, the incumbent Government has suddenly changed its policy. It now wants public enterprises and departments to adopt Mediation for dispute resolution involving large contracts. Is it a wrong move? Records show that 99 per cent of Mediation cases land up in courts
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The company has formed a team to implement corrective actions and revise policies and procedures, IIFL Finance added in a statement
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The reserves have been rising on and off for a long time now. So far in 2024, they have risen over USD 30 billion, on a cumulative basis
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Indian banks are urging the central bank regulator to relax the current liquidity coverage requirements (LCR).
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Georgieva, while welcoming the participants of the 23rd annual conference, invoked the need to supervise the dynamic financial sector.
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Industry leaders have expressed optimism for the economic growth, Anish Shah, President of the Federation of Indian Chambers of Commerce and Industry (FICCI) praised the RBI's revised outlook.
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Speaking at the post monetary policy press conference, Governor Das once again used the metaphor of an "elephant" to describe the current state of inflation, noting it has declined slowly.
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While sales in the luxury segments are expected to be strong, those looking for homes in the affordable segment may put off buying homes as they are the most price sensitive
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RBI highlighted several key factors contributing to this positive trend, including enhanced provisioning for bad loans, sustained capital adequacy, and increased profitability.
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Experts also say that the bond yields will remain range bound with a slight easing bias for now
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