Pragya Srivastava works for Financial Express Online - a newswoman by the day, binge-watcher by the night! She writes on Indian economy & banking and finance. Pragya is a staunch defender of free speech.
While the RBI-board meeting on November 19 ended on "cordial" note, the buzz that the government was hoping to make the RBI a board-led body, weakening the powers of the governor and his team, kept tensions alive.
The Reserve Bank of India (RBI) monetary policy decision on Wednesday was supposed to be a sideshow; what many of the market watchers were hoping to witness was what governor Urjit Patel had to say about the recent tension wi
The crude oil price has slumped to $55 a barrel. The only problem is that the oil, which is trading at $54.55, is United States' home-produced West Texas Intermediate (WTI), and not the world benchmark Brent.
As a crucial meeting of the Reserve Bank of India (RBI) board is underway over a range of issues, Charan Singh, former RBI Chair Professor at IIM-Bangalore, opines that banks should not be stopped from lending as it is their
The Supreme Court is likely to deliver a verdict today on the clutch of petitions, including from power producers’ association, seeking relaxation of the Reserve Bank of India (RBI) norms that mandate insolvency proceed
Arun Jaitley stresses upon the fact that not only India needs a higher growth rate to eliminate poverty but also inclusive policies to ensure that the benefits of the economic development reach the poor and the margianislied.
The reasons for conflict between the RBI and the government are many, including surplus profits transfer. What is surplus profits transfer? How does it work? Why has it put the RBI in a protectionist mode?
A strong and stable banking system is essential for the development of the economy, which comes from recognising weaknesses in the balance sheet and making provisions for them rather than pretending to believe that the balanc
Ease of Doing Business 2019: After being an underdog for years, India finally showed a huge progress on the World Bank's Ease of Doing Business ranking by jumping 53 ranks in the last two years. Yet, the dream to enter the 't
Ease of Doing Business 2019: India has jumped 23 places to secure 77th rank on the World Bank Ease of Doing Business index on the back many business-friendly reforms, with the Goods and Services Tax (GST) and the Insolvency a
NITI Aayog CEO Amitabh Kant, said, "Nowhere is this challenge starker, then in the state of Uttar Pradesh, which is home to one-sixth of India's population and has one of the youngest population in India."
The conflict between the Modi government and the central bank reached a boiling point when deputy governor Viral Acharya, in a strongly-worded speech, recently said that undermining a central bank's independence could be "po
The Committee of Creditors (CoC) for Essar Steel selected ArcelorMittal's bid late last night even as shareholders of the bankrupt company made the last minute settlement offer to bypass the Insolvency and Bankruptcy Code (IB
Within hours of Essar Steel shareholders offering to clear all dues of lenders for withdrawal of the insolvency process, ArcelorMittal said that the withdrawal from the IBC process is not possible as expressions of interest h
One of the reasons behind Essar Steel case, which may script a big success under the IBC is section 29A -- the ineligibility clause included in a hurry to bar wilful defaulters, defaulter promoters and related parties from bi