Kaushik Basu, whose stint at the World Bank ends on July 31, was being looked at as a serious contender, the sources said
Modi will also need to reconcile market demands with those from forces within his own administration
Scores of new airports have been built around the country but many are yet to open because airlines do not see sufficient demand as ticket prices are too high for the majority Indians
Rajan was expected to join the search committee to appoint three external members of a new six-member RBI Monetary Policy Committee
The $100 billion Tata group conglomerate is a major beneficiary of the decision to open up aviation in India.
While he has plenty of critics at home, Rajan is a favourite among foreign investors and has been credited for bringing inflation under control.
Even before Prime Minister Narendra Modi swept to power in 2014, Subramanian Swamy was agitating for Rajan's removal.
Raghuram Rajan joked he wasn't expecting to win any votes or Facebook 'likes' in the position.
The six AP-1000 reactors would be built in Andhra Pradesh.
Apple is also expected to announce plans for a startup accelerator in India to work more closely with the Indian developer community that works on the company's iOS and OS X software platforms
Cook's visit, following a trip to China, comes at a crucial time as Apple looks for new growth markets after posting its first ever decline in iPhone sales
While many promises remain unrealised, power reforms and the creation of tens of millions of new bank accounts have helped Modi maintain his popularity
Indebted Air India, which last made an annual profit in 2007, has seen its market share shrink in recent years.
Monsanto has taken the government to court over the royalty.
Even if some of those projects remain on paper, the potential for manufacturers and engineering firms is too big to ignore
Prime Minister Narendra Modi's landslide election in 2014 raised hopes he would draw a line under India's socialist past, cut welfare and reduce the government's role in business.
'We need to look beyond the current approach'.
Suresh Prabhu said the freight business was 'struggling'.
A proposed 24 percent hike in the salaries of 2.6 million employees and pensioners, will land the railways with a wage bill of about $4.7 billion.
Micromax will invest Rs 300 crore on constructing new factories
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