Will RBI chief have the final say, in the form of a veto
Government, RBI sign pact to target CPI at 4%.
Arun Jaitley presented the Union Budget in Parliament on Saturday.
Inflation is on a declining trend, Eco Survey stated.
India's decrepit state-run train services stand to receive at least a 25 percent boost in investment to over $9 billion.
India's decrepit state-run train services stand to receive at least a 25 per cent boost in investment to over $9 billion.
Total subsidy bill could come down to around Rs 2 trillion.
A collapse in global oil prices has unleashed a wave of monetary easing.
FM is seen to step up the pace of sales of state assets and curb spending
Budget is widely seen as a test of Prime Minister Narendra Modi.
India allows foreign investors to buy upto $81 bn
Earlier, India said the headline annual consumer price inflation accelerated to 5 per cent, compared with a 4.4 per cent print in November.
The central bank also said accepting money under such structures was a cognizable offence
Trouble at a single bank among the top five most connected lenders could wipe out nearly 50% of Tier I capital
India's industrial output unexpectedly contracted 4.2 percent year-on-year in October, dragged down by a fall in the manufacturing and the capital goods sector, government data showed on Friday.
Rajan said an interest rate cut won't by itself lead to higher economic growth
The government holds stakes ranging from 56% to 84% in 27 state-run banks.
The Reserve Bank of India kept interest rates unchanged at 8.0 percent on Tuesday as widely expected, staying focused on containing inflation while adopting a more dovish tone in response to the government's call for help to revive economic growth.
Analysts expect modest recovery in Indian economy.
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