Subir Gokarn. File photo.

Subir Gokarn

Subir was an outstanding macroeconomist who brought a keen sense of the market to bear on RBI policies

Subir Gokarn, a sharp macroeconomist and a wonderful human being

Business Standard

D Subbarao

The decision has the potential to deliver enduring gains, provided the measure is followed to its logical closure, he says

Full text of former RBI governor D Subbarao's views on demonetisation

The crisis over the last five years has reopened some fundamental questions about central banks - their mandates, the limits to their autonomy and the mechanisms through which they render accountability. These questions are playing out in India too. Several committees have suggested that the mandate of the Reserve Bank of India (RBI) should be narrowed on the argument that its currently broad mandate is diluting its focus on price stability - the core concern of monetary policy. The Financial Sector Legislative Reforms Commission which submitted its report to the government in March this year has argued that the mandate of the RBI should be restricted to monetary policy and regulation of banks and the payment system.In the context of the mandate of central banks, one needs to keep in mind that the global financial crisis was a powerful rebuke to central banks for neglecting financial stability in the pursuit of price stability. In the immediate aftermath of the crisis, which saw the US

'Thank God, the Reserve Bank of India exists'

The ED has restituted assets worth Rs 4,025 crore of the erstwhile Bhushan Steel and Power Limited to JSW Steel following approval from the Supreme Court, the federal probe agency said on Saturday.
JSW Steel was the successful resolution applicant to the assets of the insolvent company under the Insolvency and Bankruptcy Code (IBC) of the Corporate Insolvency Resolution Process (CIRP).
These assets were earlier attached by the federal probe agency under provisions of the Prevention of Money Laundering Act (PMLA) in an investigation against Bhushan Steel and Power and its promoters on charges of alleged bank loan fraud and "diversion" of those funds for personal investments.
The Enforcement Directorate (ED) said the restitution of assets worth Rs 4,025 crore was made under Section 8(8) of the PMLA (restitution pending trial), read with Rule 3A of PMLA Restoration of Property Rules.
The apex court gave its approval on this Enforcement Directorate (ED) proposal on Wednesday, the agenc

Enforcement Directorate, ED

Raising the issue of attacks over minority Hindus in Bangladesh, Indian-American Congressman Shri Thanedar has said that the time has come for the US Congress to act.
"The crowds of the majority have destroyed Hindu temples, Hindu deities and Hindus who are practising their religion in peace," Thanedar said on the floor of the US House of Representatives on Wednesday.
"The time has now come for the United States Congress to act and the US government to act ... every possible tool in our hands needs to be used to ensure that such atrocities in Bangladesh against Hindus stop right away," he said.
Thanedar has consistently raised the issue of alleged violence against Hindus in Bangladesh since the fall of the Sheikh Hasina government.
"Since 1971, when Bangladesh got its freedom from Pakistan, there have been numerous occasions where minority Hindus have been attacked. More recently, we have seen a Hindu priest being arrested and his lawyer was murdered," he alleged.
On Thursday, the

Bangladesh Protest

New Delhi [India], December 14: Today, the University of Chicago celebrated the 10th anniversary of its Center in Delhi and the many collaborations, relationships and scientific research it has nurtured. Taken together, these opportunities in diverse fields from liberal arts to medicine provide strong momentum for the University's outreach in India, and to the cutting-edge, cooperative work required to tackle the world's most challenging issues. Following an inaugural anniversary event in February, today the Center concludes a year of intellectual engagement celebrating its decade in India. It will focus on bringing "Ideas to Impact" for the next ten years and beyond, while strengthening its partnerships under the framework of the US-India Initiative on Critical and Emerging Technologies (iCET). The University marked the occasion by celebrating the India launch of the Institute for Climate and Sustainable Growth.

University of Chicago Center in Delhi Sets Ambitious Goals for Future, as Institute for Climate and Sustainable Growth Launches in India

Time magazine gave Donald Trump something it has never done for a Person of the Year designee: a lengthy fact-check of claims he made in an accompanying interview.
The fact-check accompanies a transcript of what the president-elect told the newsmagazine's journalists. Described as a 12 minute read, it calls into question 15 separate statements that Trump made.
It was the second time Trump earned the Time accolade; he also won in 2016, the first year he was elected president. Time editors said it wasn't a particularly hard choice over other finalists Kamala Harris, Elon Musk, Benjamin Netanyahu and Kate Middleton.
Time said Friday that no other Person of the Year has been fact-checked in the near-century that the magazine has annually written about the figure that has had the greatest impact on the news. But it has done the same for past interviews with the likes of Joe Biden, Netanyahu and Trump.
Such corrections have been a sticking point for Trump and his team in the past, most .

Donald Trump,Trump

A team of the Enforcement Directorate (ED) was allegedly assaulted by the staff of an offshore casino vessel in Goa, police said on Saturday.
Police on Friday registered a case against the director, two senior staffers of Cruise Casino Pride, and a few others for the incident that occurred on December 12, an official said.
According to the complaint lodged at Panaji police station, the staff of the offshore casino vessel allegedly assaulted Poluri Chenna Kesava Rao, an assistant director of ED, and his team and confined them in a room while they were searching the premises on Thursday afternoon, the official said.
He said casino director Ashok Wadia, senior staffers Gopal Ramnath Naik, Arati Raja and a few others were involved in the assault.
The accused threatened to cause injury to the complainant and his team and wrongfully confined them in a room while they were discharging their lawful duty in an official capacity, a spokesperson from the Goa police said.
He said the ED has a

NMIIA operates an industrial area located in Mumbai, India's financial hub and the capital of the western state of Maharashtra.

Reliance

Stock market crash: The Indian stock market crashed heavily on Friday, with the BSE's Sensex dropping 1,207 points or 1.48 per cent to its intraday low of 80,082

bear market, stocks, sensex, nifty, loss, growth, crash, index

Here is the complete list of stocks turning ex-date next week for their respective corporate actions, as per BSE data, along with key details

Dividend

Allu Arjun was arrested over a stampede at the Pushpa 2 premiere in Hyderabad, which led to a woman's death and her son's hospitalisation

Allu Arjun

World's Richest Families 2024: The Walmart Waltons top the list with $406.5 billion; India's Ambanis and Mistrys of Shapoorji Pallonji rank 8th and 23rd. Here is the top five list

Sam Walton

The rise in the Indian Overseas Bank share price came after the company announced that it has received a tax refund from the Income Tax (I-T) Department of Rs 1359,29,17,840 (over Rs 1,359 crore)

Stock Market, Market, Crash, Funds, up, Stock, Lost, decline, statistic, Crisis, Capital, BSE, NSE

Parliament winter session news updates: Catch all the latest news developments related to the proceedings in the Parliament here

Jagdeep Dhankar, jagdeep, Vice President, VP

Shares of Asian Granito rose as much as 11.05 per cent at Rs 77.38 per share on the BSE in Wednesday's intraday deals

equity trading volumes, share market

Vishal Mega Mart IPO Day 1: The IPO which opened for subscription today (December 11), is a complete offer for sale (OFS) comprising 1,025,641,025 shares

The theocracy already faces major levels of internal dissent and economic pain

Iran, Iran flag

Highlighting the historical presence of Hindus in Bangladesh, stating, "We are vanished from Afghanistan. We are vanished from Pakistan. This is the high time. If we are not saved now, we will be

Protest, Delhi Protest, Bangladesh Protest, Hindu Protest

Despite the growth slowdown, a rate cut-cycle is unlikely to start anytime soon

Policy

Sitharaman said that intergenerational debt is mounting on countries, and it is important for the government and industry to work together to manage debt at the national and sub-national levels

Nirmala Sitharaman, Nirmala

The Massachusetts Institute of Technology alleges that the essay, titled 'On Pacifism', could be interpreted as encouraging violent protests on campus

MIT University

The suicide of a Bengaluru techie brings intense scrutiny on India's family courts, raising questions about their ability to protect vulnerable individuals in disputes

D Subbarao

D Subbarao

D Subbarao

Subir Gokarn, a sharp macroeconomist and a wonderful human being

Full text of former RBI governor D Subbarao's views on demonetisation

'Thank God, the Reserve Bank of India exists'

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ED restitutes assets worth Rs 4,025 cr in Bhushan Steel bank 'fraud' case

Time has come for US Congress to act on Bangladesh: Congressman Thanedar

University of Chicago Center in Delhi Sets Ambitious Goals for Future, as Institute for Climate and Sustainable Growth Launches in India

Time fact-checks Trump, a first for Person of the Year designee in history

ED team assaulted on offshore Cruise Casino Pride in Goa; staffers booked

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Reliance Industries buys 74% stake in Navi Mumbai IIA for $192 mn

Sensex plunges 1200pts, Nifty below 24200; Why stock markets crashed today?

Dividend, Bonus, Stock-split: These 10 stocks to turn ex-date next week

Allu Arjun arrested over woman's death in stampede at Pushpa 2 premiere

World's Richest Families 2024: Waltons top with $432.4 bn, Ambanis at no. 8