Will RBI chief have the final say, in the form of a veto
Jaitley promised higher investment in roads and railways.
Inflation is on a declining trend, Eco Survey stated.
Narendra Modi has made it easier for businesses to buy farm land.
India needed more specialists within government
India's banks rely on overnight borrowings to fund longer-term lending.
Search is on for reliable indicators of underlying activity.
India's latest GDP numbers do not signal robust economic growth in near term.
India allows foreign investors to buy upto $81 bn
Pressure on the government increased with the Reserve Bank of India's surprise move on Thursday to cut interest rates
In cutting interest rates and giving a boost to the government's efforts to revive growth, RBI governor Raghuram Rajan displayed the pragmatism and flexibility familiar to those who work with him.
However, some analysts say RBI Governor Raghuram Rajan may delay the rate cuts amid mounting concerns over the government's fiscal health.
Food costs jumped up year-on-year.
Earlier, India said the headline annual consumer price inflation accelerated to 5 per cent, compared with a 4.4 per cent print in November.
Economist Arvind Panagariya has also argued for loosening deficit targets to boost capital spending
The government is now contemplating issuing an executive order to implement these measures, which would need to be approved by lawmakers within six weeks of the opening of the next session of parliament, scheduled for the beginning of February. India's president would also need to agree.
Modi orders coal, insurance sector reforms.
Modi, who was elected in May with a mandate to provide jobs and economic growth, has seen his reform agenda stymied by controversial statements by lawmakers in his party
Imports of machinery and transport equipment grew about 40 per cent month-on-month
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The Reserve Bank of India sold dollars via state-owned banks around 62.3575 per dollar to contain the rupee's fall, traders said.
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