Power regulatory bodies must have a judicial member: SC

Power regulatory bodies must have a judicial member: SC The Supreme Court ordered that one of the members of electricity regulatory commissions should be a person of judicial background, quashing orders of various high courts that the chairperson of such bodies in states should be a high court judge. The top court also said the […]

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RBI’s Acharya suggests shift in monetary policy stance, show minutes

RBI’s Acharya suggests shift in monetary policy stance, show minutes One member of the Reserve Bank of India’s (RBI’s) rate-setting panel suggested starting the process of shifting the monetary policy stance from neutral to “withdrawal of accommodation”, increasing the odds of a rate hike this year. Noting the upside risks to inflation, Viral Acharya, RBI […]

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I-T department seizes Rs4 crore in drive against cash hoarders

I-T department seizes Rs4 crore in drive against cash hoarders New Delhi: In a drive against cash hoarders, the income tax (I-T) department has seized currency worth Rs4 crore from people in states, including Karnataka and Andhra Pradesh, which have reported cash shortages. The drive is part of the tax department’s efforts to track down […]

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Govt to continue talks with RBI on easing non-performing asset norms

Govt to continue talks with RBI on easing non-performing asset norms Officials said the Prime Minister’s Office and Finance Minister Arun Jaitley had been apprised of the matter A day after Reserve Bank of India (RBI) Deputy Governor N S Vishwanathan ruled out easing new norms for non-performing asset (NPA) resolution, the government doubled down […]

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