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Embattled liquor tycoon Vijay Mallya on Wednesday took to social media once again New Delhi : Embattled liquor tycoon Vijay Mallya on Wednesday took to social media once again, this time to express his solidarity with Jet Airways founder Naresh Goyal and repeat his own offer to repay all the money he owes to India’s public sector banks. The 63-year-old, fighting his extradition to India on charges of fraud and money laundering amounting to an alleged ₹ 9,000 crores, claims private airlines were discriminated against by the Indian government, which bailed out State-owned Air India but did not assist his own Kingfisher Airlines and now Jet Airways. “Even though Jet was a major competitor to Kingfisher at the time I feel sorry to see such a large private airline on the brink of failure when government used 35K crores (₹ 35,000 crores) of public funds to bail out Air India. Just being a PSU is no excuse for discrimination,” Mr. Mallya wrote on Twitter. He added: “I invested hugely into...

Reserve Bank of India (RBI) Governor Shaktikanta Das that suggested moving away          New Delhi : The recent statement by Reserve Bank of India (RBI) Governor Shaktikanta Das that suggested moving away from the conventional magnitude of rate revisions that are in multiples of 25 bps (basis points), was indicative of second generation policy signals on the lines of the U.S. Federal Reserve, State Bank of India said in a report. In a speech last week, Mr. Das had said that calibrating the size of the policy rate and the size of the change itself can convey the stance of policy.                                Mr. Das delivered the speech on the sidelines of the International Monetary Fund (IMF) and World Bank’s spring meetings at Washington DC. “We believe that such thinking signifies the RBI’s intent to use communication as a policy in itself rather than being the policy stateme...