View: RBI’s proposal to allow business houses into banking is fraught with risk for system

The proposal raises an important question: Why now? Have we learnt something that allows us to override all the prior cautions on allowing industrial houses into banking? We would argue no. Indeed, to the contrary, it’s even more important today to stick to the tried and tested limits on corporate involvement in banking….

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Festival demand underpins India’s animal spirits in October as signs of recovery take hold

Passenger vehicle sales, a key indicator of demand, rose 14.2% in October from a year ago ahead of India’s festival of lights — Diwali. Retail sales too showed signs of picking up, even though they were nearly 60% below the year-ago level, according to ShopperTrak….

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Farm groups to march to Delhi on 26 Nov as Centre invites leaders for talks

The farmers’ protest will continue indefinitely if the central government does not accede to their demands …

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Current account surplus can’t be celebrated: Former FM Chidambaram

Given that India is a developing country in need of capital, a current account surplus cannot be celebrated. …

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Delhi is India’s fastest-growing hotspot for luxury homes, shows report

Auckland in the Australasia region topped the global index with 12.9 per cent price appreciation in the July-September quarter, compared to the same period last year …

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Post-festival gloom: E-way bills, power demand, railway freight down

​​As on November 22, 40.7 million e-way bills were generated in the month, suggesting that the total for the month may fall well short of the record high of 64 million in October or even 57 million in September, as per the data trend from the Goods and Services Tax Network. …

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Over 4 mn subscribers enrolled under Atal Pension Yojana so far this fiscal

With the new additions, the total enrolments under the APY have crossed 2.63 crore, said the Pension Fund Regulatory and Development Authority (PFRDA) in the release …

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