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Banning of letters of undertaking (LoUs) and letters of comfort (LoCs) by the RBI as trade finance instruments is likely to reduce financial flexibility of importers, a Fitch group company said on Wednesday.

India's NBFCs need funds

Most NBFCs are facing a drought-like situation as far as funding is concerned.

11 Nov 2018 12:03 AM IST

Maithripala Sirisena said he had ordered Finance Minister Mangala Samaraweera to revoke his decision last week to overturn the 1979 law prohibiting the sale of any type of alcohol to women. (Photo: AP)

Sri Lanka President's actions undemocratic

The saddest development in this unseemly power struggle is how the democratic institution of Parliament has been...

11 Nov 2018 12:00 AM IST

The RBI has asked Axis Banks board to re-consider the decision to re-appoint Shikha Sharma as its MD and CEO for a fourth term.

Economic misadventure

The justification about flushing out fake notes that are thought to support terrorism also proved to be too fanciful.

10 Nov 2018 1:10 AM IST

Despite informal and regular contact between the Taliban and senior Afghan officials, there are no prospects of early public peace talks that could bring an end to the protracted war. (Representational Image)

Moscow Format step towards Afghan peace

Nor was India philosophically inclined to be in on such a venture.

10 Nov 2018 12:05 AM IST

President Donald Trump speaks before signing a USD 716 billion defense policy bill named for Senator John McCain Monday, in Fort Drum, New York on Monday. (Photo: AP)

A mixed bag in America

Of course, as it's no longer a one-party rule in the US Congress, the ability to stand up to Mr Trump's excesses is now...

9 Nov 2018 12:05 AM IST

Andhra Pradesh Chief Minister N Chandrababu Naidu has written to Oil Minister Dharmendra Pradhan, complaining about Gujarat government firm GSPC.

Will Naidu's fresh effort for anti-BJP front work?

It is useful to understand that the Andhra Pradesh leader did not use the word secularâ€, so favoured by non-BJP...

9 Nov 2018 12:00 AM IST

(Representational image)

Soccer cheer in Kashmir

The I-League permits players from anywhere to be a part of any club side.

7 Nov 2018 12:28 AM IST

India's N-triad historic, but caution is essential

The times are fraught with tension, specially with a Chinese naval force prowling the contentious waters of the Indian...

7 Nov 2018 12:22 AM IST

Raghuram Rajan had cautioned the government that short-term costs of a radical ban of high-value currency notes would outweigh the long-term benefits. (Photo: AP) (Photo: PTI)

NPAs: People must know facts

The names of wilful defaulters are being sought although this might be met with stonewalling by the authorities.

6 Nov 2018 1:50 AM IST

The Pakistan Army, which calls the shots in Islamabad, continues to be Beijings most valued international client due to its anti-India orientation, even as elected civilian regimes come and go.

China, Pak are still up to their old games on J&K

This is Goebbelsian doublespeak. For New Delhi certainly, and for significant world capitals, Pakistan's quest for...

6 Nov 2018 1:48 AM IST

Criminal defamation must go

It's another matter vulgar abuse is fast becoming the language of political discourse; it's almost standard now.

5 Nov 2018 12:01 AM IST

Priests perform Shila Pujan of stones for construction of Ram temple at Ayodhya. (Photo: PTI/File)

Pressure growing on govt over Ram temple

BJP general secretary Ram Madhav said on Saturday that the postponement of the Ayodhya hearings in the Supreme Court had...

5 Nov 2018 12:00 AM IST