For 2017-18 and 2018-19, investors are better off focusing on the quality of measures announced in the Budget and outside it rather than on the Budget numbers themselves, says T T Ram Mohan.
There is also a lobby within the bureaucracy that wants to see Rajan's influence curtailed
Economists who get too close to prime ministers eventually come to grief after their boss is defeated
Rajan's exit will neither affect the RBI's de facto independence nor its working.
'From where prime ministers sit, it makes no difference at all who occupies the governor's post.' 'Literally anyone with a decent education or work experience can be appointed to the job, which is basically a managerial one with little room for manoeuvre,' says T C A Srinivasa-Raghavan.
The ministry sought to allay the rating agency's concerns and said economic growth was on an upward swing.
The Reserve Bank of India is not a free agent. It never has been, nor should it ever be.
Erstwhile RBI governors, including Raghuram Rajan never had cordial relations with the government.
In its essence, GST is a national level system of value added taxation of goods and services, says Shankar Acharya.
Besides advancing the presentation of the Budget to perhaps the first week of January, , there are four new initiatives that could be rolled out from the next Budget, says A K Bhattacharya.
The 64-year-old Planning Commission, a vestige of the socialist era, will soon become history.
Issuance of new bank licences proves that the apex bank wants the financial sector to flourish.
The Centre had set up a Commission under former Reserve Bank of India Governor Bimal Jalan to suggest steps to rationalise subsidy and help the government in effectively bringing down the fiscal deficit.
'...Unless we muck up our policies.' 'We have to become a modernised economy.' 'Our institutions should be stronger. And that is most important.' 'The rule of law should prevail and contracts should be enforced.' 'Above all, we have to recognise the importance of globalisation.' 'It is in our favour at this stage. We should grow and become globally competitive.'
It could be a matter of concern that foreign shareholders of the NSE are registered in tax havens such as Mauritius and Cyprus.
The pipeline for well-qualified and experienced policy economists at senior levels of government has broken, leading to a growing dearth of suitable candidates for top economist positions.
A long crisis with a lack of sound short-term, long-term actions can result in sluggish growth in India, similar to that in Japan.
The issue is likely to be discussed on Thursday at a meeting of Sebi's board, which would also be apprised of the impact of the Finance Ministry's decision for not agreeing to such a proposal from the capital markets regulator, sources said.
Fifty per cent of bank restructured assets were in infrastructure, steel, power and telecom sectors.
Rajan, as expected, furthered his predecessors' agenda and continued with the same resolution to make India's financial system safer, and direct the economy towards further liberalisation
Rajan tells RBI colleagues he will be returning to academics
The obvious temptation for Mr Jaitley would be to achieve a better fiscal deficit figure than what he had promised in July.
The finance minister defended the change in the tax rates.
FM indicates adherence to fiscal road map, benign tax rates, correction in inverted duty structure
'Tilting at the Government in English in front of India may make him feel like Joan of Arc, but without a feel for Bharat he will merely be Don Quixote,' says S Muraleedharan, former managing director, BNP Paribas.
Chief Economic Advisor Arvind Subramanian's interview.
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