S Gurumurthy

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S Gurumurthy - Total results - 37
Attempt to attack RSS ideologue S Gurumurthy’s residence in Chennai foiled by security guards, eight arrested
India

Attempt to attack RSS ideologue S Gurumurthy’s residence in Chennai foiled by security guards, eight arrested

A group of men allegedly belonging to a Dravidian outfit attempted to hurl a petrol bomb at the residence of noted Hindutva ideologue S Gurumurthy here but it was foiled by alert sentries aided by a dog's bark, police said on Monday.

Economists vs CAs: Statistics, scriptures can be tweaked to win over rivals, but what matters is the ground reality
Business

Economists vs CAs: Statistics, scriptures can be tweaked to win over rivals, but what matters is the ground reality

Mirrors don’t lie but statistics can especially given the leeway available to the compiler of data to interpret them to further his cause or viewpoint.

RBI lifts lending curbs on Bank of India, Bank of Maharashtra, Oriental Bank of Commerce; move to expand loan growth
Business

RBI lifts lending curbs on Bank of India, Bank of Maharashtra, Oriental Bank of Commerce; move to expand loan growth

Eight public sector banks—Allahabad Bank, United Bank of India, Corporation Bank, IDBI Bank, UCO Bank, Central Bank of India, Indian Overseas Bank and Dena Bank—still remain under PCA framework,

RBI constitutes committee on Economic Capital Framework, appoints former governor Bimal Jalan as chairman
Business

RBI constitutes committee on Economic Capital Framework, appoints former governor Bimal Jalan as chairman

Former deputy governor Rakesh Mohan has been appointed as vice chairman of the committee, the RBI said

RBI governor Urjit Patel has been a victim of NDA sledging, which is simply not cricket
Business

RBI governor Urjit Patel has been a victim of NDA sledging, which is simply not cricket

It must be remembered that unlike his predecessor Raghuram Rajan, Urjit Patel supported, not so reluctantly, the controversial 2016 decision to demonetise high-value currency notes.

All Indians should be concerned, says former RBI chief Raghuram Rajan on Urjit Patel's resignation
Business

All Indians should be concerned, says former RBI chief Raghuram Rajan on Urjit Patel's resignation

With regard to powers of the RBI board, Rajan said there is "an extreme" change in the nature of the governance of the RBI for the "board to become an operational board, that is to make operational decisions".

Urjit Patel resigns as RBI governor: Raghuram Rajan, Arun Jaitley, Narendra Modi, Congress and more weigh in
Business

Urjit Patel resigns as RBI governor: Raghuram Rajan, Arun Jaitley, Narendra Modi, Congress and more weigh in

Urjit Patel's resignation as the governor of Reserve Bank of India on Monday has drawn a sharp reaction from politicians, economists as well as industry leaders inlcuding foremr governor Raghuram Rajan, who said, 'all Indians should be concerned'

Expert panel on Reserve Bank of India's economic capital framework likely to be formed this week
Business

Expert panel on Reserve Bank of India's economic capital framework likely to be formed this week

In its nine-hour meeting held last week, the Reserve Bank of India's board had decided to constitute a committee of experts to examine the ECF

RBI board meeting: Expert committee to look into issues concerning capital surplus of Rs 9.69 lakh crore
Business

RBI board meeting: Expert committee to look into issues concerning capital surplus of Rs 9.69 lakh crore

The RBI said that it has decided to constitute an expert committee to examine the ECF, the membership and terms of reference of which will be jointly determined by the government the central bank

Crucial RBI board meet underway to discuss key issues; 23 October meeting lasted for 8 hours
Business

Crucial RBI board meet underway to discuss key issues; 23 October meeting lasted for 8 hours

Patel and his deputies along with a few independent directors too are expected to support the RBI's mission to clean up bank balance sheets, sources said.

RBI board meeting: Central bank likely to reach common ground with govt on some key issues; all you need to know
Business

RBI board meeting: Central bank likely to reach common ground with govt on some key issues; all you need to know

The RBI is also expected to consider a special dispensation for micro, small and medium enterprises (MSMEs) and non-banking financial companies (NBFCs) which have been facing liquidity issues.

'Govt stacking up Reserve Bank of India board with allies to turn heat up on governor Urjit Patel'
Business

'Govt stacking up Reserve Bank of India board with allies to turn heat up on governor Urjit Patel'

Now stacked with government nominees who can be counted on to support the administration, the Reserve Bank of India board is being transformed from having a passive advisory role into a body that can exert pressure for policy change

RBI vs govt: At 19 November board meet, S Gurumurthy’s economic theories and other pain points await Urjit Patel
Business

RBI vs govt: At 19 November board meet, S Gurumurthy’s economic theories and other pain points await Urjit Patel

Gurumurthy’s recent comments had challenged the central bank on multiple issues and some of his economic theories had surprised many.

S Gurumurthy makes case for calibration of RBI's Rs 9.6 lakh cr reserves, says no central bank maintains such high surplus
Business

S Gurumurthy makes case for calibration of RBI's Rs 9.6 lakh cr reserves, says no central bank maintains such high surplus

Gurumurthy, who was appointed to the board of RBI a few months back, said the capital adequacy ratio prescribed in India is 1 percent higher than the global Basel norms

Stand-off between govt and RBI not a good situation, says cental bank board member S Gurumurthy
Business

Stand-off between govt and RBI not a good situation, says cental bank board member S Gurumurthy

Tensions between the RBI and the government have escalated recently, with the Finance Ministry initiating discussion under the never-used-before Section 7 of the RBI Act which empowers the government to issue directions to the RBI Governor

Backing RBI on NPAs, Finance Minister Arun Jaitley says minimising bad loans alone will ensure credit flow
Business

Backing RBI on NPAs, Finance Minister Arun Jaitley says minimising bad loans alone will ensure credit flow

Relations between the RBI and the Finance Ministry have soured in the last month after the North Block started consultations under the never-used Section 7 of the RBI Act

RBI vs govt: The 18 'wise men' tasked with supervision of Mint Street watched for next course of action
Business

RBI vs govt: The 18 'wise men' tasked with supervision of Mint Street watched for next course of action

The entire board is appointed by the government under the RBI Act, which mandates the central board with "general superintendence and direction of the Reserve Bank's affairs".

Govt to continue pressing Reserve Bank of India for relaxing norms, funds to boost lending
Business

Govt to continue pressing Reserve Bank of India for relaxing norms, funds to boost lending

The reports of rift between the central bank and the government surfaced last month following which the finance ministry reportedly started discussion with the RBI under the never-used before Section 7 of the RBI Act.

Urjit Patel vs govt: Did Nachiket Mor’s abrupt sacking from RBI's central board worsen the tension?
Business

Urjit Patel vs govt: Did Nachiket Mor’s abrupt sacking from RBI's central board worsen the tension?

The removal of Nachiket Mor half-way through his tenure is a rare incident in the RBI and would certainly have not gone down well with the central bank's top brass