Attributing price rise to global factors and higher Minimum Support Price (MSP), Prime Minister Manmohan Singh on Wednesday said the government has tried to protect the interest of poor people by maintaining supply through the PDS system.
To the question on what comes first, clean up or growth, Rajan said the answer is unambiguously 'Clean up!'
If credit is not going to flow in response to a policy rate cut, while inflationary pressures, as well as expectations, may be stoked, a rate cut may not be appropriate at this point
In case the repo rate keeps trending downwards, borrowers can expect a downward revision of their MCLR-linked loans.
Leader of the Opposition in the Gujarat assembly, Shankarsinh Waghela on Wednesday asked Prime Minister elect Narendra Modi to build a Ram temple at Ayodhya within the constitutional framework now that the Bharatiya Janata Party has got an absolute majority, in a speech that was blended with sarcasm and praise.
Food inflation is still very much a problem and needs fixing urgently, but the bad monsoon apparently did not make it worse.
Infrastructure and inflation targeting are expected to be top priorities for the new Reserve Bank of India governor, says A V Rajwade.
The move will likely attract more retail investors.
Are we adopting an idea whose time has come and gone? My feeling is, yes, says ex-banker C Joseph Chacko in the fourth article of the series on inflation targeting.
Inclusive growth is about enabling wider participation in the growth story, but the current if fiscal debate is about how to compensate losers using annual Budgets, says Rathin Roy.
The RBI has enough "fire power" to deal with the rupee volatility and will intervene in the forex market as and when required, said Planning Commission Deputy Chairman Montek Singh Ahluwalia.
The Uttar Pradesh unit of the Bharatiya Janata Party is buoyant. The Narendra Modi wave has made a significant mark in the state and saffron seems to be the flavour of the month, says Bikash Mohapatra.
The opposition on Thursday criticised as mere "fluff" and "gimmickry" the government's decision to restructure Planning Commission and rechristen it "Neeti Ayog" and voiced apprehension that it will discriminate against the states and help "corporates call the shots" in policy making.
Arun Jaitley had proposed to set up a Public Debt and Management Agency.
Following is the full text of Prime Minister Narendra Modi's address from the ramparts of the Red Fort on the 73rd Independence Day.
Reserve Bank of India (RBI) Governor Raghuram Rajan has set himself a target of lowering consumer inflation and is even ready to raise rates to achieve it, risking friction with the new government, if he is seen as overstepping.
These sectors have underperformed the wider market over the past year and are seen having far more upside potential if the economy picks up thanks to Modi's reformist agenda.
On day 1, says retrospective taxation should be avoided; Sets up special investigation team to unearth black money.
"The poor will not suffer disproportionately due to bouts of sharp inflation, and the middle class will not see its savings eroded," Raghuram Rajan said.
Congress President Sonia Gandhi on Wednesday released the party's manifesto and claimed that the party will perform well in the forthcoming Lok Sabha polls.
RBI aiming to bring down headline number to 8% by end of this year and to 6% by the end of next year.
'We expect the new government to look into the issue of penalties imposed on technology firms involved in UID related projects.'
Upping the ante against the Congress, Gujarat Chief Minister Narendra Modi on Tuesday accused it of pursuing a "divide and rule" policy by fanning tensions between Hindus and Muslims.
CEOs of leading banks say third straight rate hike by RBI inevitable, though not desirable.
Raghuram Rajan explains the rationale for his policy stance and other issues.
Expressing disappointment over the hike in repo rate by the RBI, India Inc on Friday said a rate cut by the bank would have helped ameliorate sentiments as businesses are "reeling" under a tight liquidity crunch due to high cost of capital.
Raghuram Rajan rejected the argument that inflation has come down largely because of "good luck" stemming from low oil prices.
Instead of a consumption stimulus the government must address the NPA issue with a war footing and invest in infrastructure, affordable housing and exports, says Sanjeev Nayyar.
'The army has stopped short of exerting the sort of influence it may have done historically.' 'It is comfortable with its relations with the civilian government as the superior partner.'
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.
Chidambaram promises to maintain fiscal discipline; admits inflation is an issue.
The then Prime Minister Indira Gandhi was not aware of the Constitutional provisions allowing for declaration of Emergency that was imposed in 1975 and it was Siddartha Shankar Ray who led her into the decision, says President Pranab Mukherjee.
In an online chat with readers a few hours after the Union Budget 2015-16 proposals were announced by Finance Minister Arun Jaitley, Sundeep Agarwal, Director, PwC India, answered related queries to help put the announcements into perspective.
Younger party leaders are livid with the Murli Manohar Joshi-headed manifesto drafting committee for not taking their suggestions, reports Archis Mohan.
We dance on every small achievement and forget the long-term objectives: Ajit Gulabchand, MD, Hindustan Construction Company.
'Muslims and Christians should understand that the cow is sacred to us. It is not good for health. They should eat something else.'
Slamming the Bharatiya Janata Party government for spurt in prices of essential commodities during its 45-day rule, Opposition Congress on Monday took potshots at Prime Minister Narendra Modi for riding to power on promise of controlling inflation yet doing nothing on it.
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The ball is now in the Reserve Bank of India's court to lift up demand, says Ajay S Shriram.
So let's stop focusing the Modi agenda on India Inc and the capital markets, and let's start focusing on the Modi development agenda for the average Indian.
'Raghuram Rajan is a wonderful economist, but he is not a wonderful Indian economist.' 'He doesn't understand India in the granular form.' 'India exists only from Delhi to Nariman Point for him.' 'India is much, much bigger and complex.' 'The new RBI governor shouldn't get ready to open his umbrella when it rains in America'
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