Rajan said that central banks should not ignore global responsibilities.
West Ham had lost their first three Premier League games to sit bottom of the table and their dismal start to the campaign had already sparked speculation among pundits as to whether new manager Manuel Pellegrini would see out the season.
Pailan Arrows defeated Chirag United Kerala 3-0 to register their first win in the I-League.
'But can it afford to present a scenario within the existing legal framework of fiscal consolidation?', asks A K Bhattacharya.
After years of high food prices, India is now witnessing a deflation, according to the government's food inflation data.
Images from the Wimbledon semi-final played between Roger Federer and Rafael Nadal on Friday
Australia scored three goals in three minutes in a second-half burst to beat Saudi Arabia 4-2 in Melbourne on Wednesday and dash the Middle Eastern country's hopes of qualifying for the 2014 World Cup finals in Brazil.
Even with the possible expenditure roll-overs and off-budget financing, the fiscal deficit target will not be met. The FRBM Act, after its amendment in 2018, allows a fiscal deficit slippage of not more than 0.5 per cent for any given year, provided there are justifications. These justifications include war, national security, severe collapse in the agriculture sector, a major natural calamity, big structural economic reforms, or the decline in real output growth of a quarter by at least 3 percentage points below its average of the previous four quarters.
There are glaring anomalies with Indian data and that could lead to wrong policy prescriptions.
If imputed inflation for April and May is used, then you have inflation of over 6 per cent for two consecutive quarters, which is a worrying signal for the RBI.
'The next general election is four years away. That's enough time to recover -- provided the government stops spending and taxing so much,' says T C A Srinivasa-Raghavan.
The right-handed duo of Murali Vijay and Lokesh Rahul have remained India's trusted batsmen upfront but the former's wrist injury opened an unlikely door for Shikhar Dhawan when they toured Sri Lanka earlier this year.
A big puff of pizzazz seeped out of the Cincinnati Open on Thursday as its top seed Caroline Wozniacki slipped out and star attraction Serena Williams quit the tournament, along with third seed Victoria Azarenka.
A summary of sports events and sports persons, who made news on Saturday
Tata Motors (down 1.7%) was the top loser on Sensex and Nifty, while Lupin (1.6%) gained the most.
Cannot solve problems by perpetuating poverty in the name of environment, the prime minister said.
Currently, the retail inflation is well below the RBI's comfort level. The government has asked the central bank to keep inflation in the range of 4 per cent.
The dictionary would like to hear about brand new words and new senses of familiar words
On Wednesday the countdown had been replaced by the current date - "25-3" for March 25 in the days display - and the current time, after the International Olympic Committee decided to postpone the Games by one year.
Peru coach Ricardo Gareca put a brave face on his team's premature World Cup exit, saying his side had left a positive image but that he was sorry for their huge army of travelling fans.
The new IIP series based on the new base year, is expected to lead to better capturing of ground data
Bopanna and Sharan defeated Kazakhstan's Aleksander Bublik and Denis Yevseyev 6-3, 6-4 in 52 minutes.
Ganguly convinced the Bangladesh Cricket Board to agree to a Day/Night Test just a few days before their team was to land in India.
Not only is the current US financial crisis not solved, the seeds are there for even more serious crises in the future, writes Deepak Lal.
There was acceleration in prices of fuel and power (11.69 per cent) and manufactured products (2.55 per cent).
Here we present a list of the 10 biggest banks of the world in terms of market capital and brand value, as compiled by www.brandirectory.com.
Here we present a list of the 10 biggest banks of the world in terms of market capital and brand value, as compiled by www.brandirectory.com.
Netherlands capitalised on two England defensive mix-ups in extra time as they came from behind to win their Nations League semi-final 3-1.
A new tie that contains an inflatable cushion is the ultimate gift for weary office workers.
Images from the English Premier League matches played on Sunday.
India's spinner Ravichandran Ashwin defended India's batting, saying both sides struggled to score and that India had hope right till the end that with Hardik Pandya around the visitors were in the game.
Pop-art prince Jeff Koons unveiled his latest public art installation, "Seated Ballerina," a 45-foot inflatable sculpture at the busy center and it will preside over the Midtown landmark until June 2.
We got your Christmas celebrations covered with Taruna Bakshi's impressive recipes.
New Zealand have drafted in two debutants in the T20 squad besides all-rounder Scott Kuggeleijen, who has played just one T20
'The CEA suggested that could be as high as 19 per cent.'
Demand indicators have turned hot and despite the bad monsoon, India's GDP growth is likely to top 7 per cent, says Jahangir Aziz.
'If the epidemic is sharply contained in a month or two, we have a huge buying opportunity. 'If not, we are staring at a serious economic crisis, the contours of which we are totally unaware of,' warns Debashis Basu.
Ireland's dream of pulling off one of the biggest shocks in the history of Test cricket by beating England at Lord's were shattered as they collapsed to 38 all out to lose by 143 runs.
Manchester City crushed Burnley 6-1 at a sodden Turf Moor on Saturday to move into fourth place in the Premier League, while pushing the home side nearer to relegation after a season in the top flight.
New signing Jese made a dream debut for Stoke City, scoring the winner in a 1-0 victory over Arsenal in the Premier League on Saturday.
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