However, independent economists are not as gung-ho as the finance ministry over the likelihood of deficit target being met this time around, says Indivjal Dhasmana.
Rediff.com takes its readers through the various moods of Raghuram Rajan.
2018 has been a disappointing and highly volatile year for equity investors.
Close to 202,000 new entities have registered under the GST Network
To avoid hiccups, the administration has decided to start functioning as two independent states from May 26 itself.
As defence minister, Singh's most crucial challenge will be to speed up the long-delayed modernisation of the three services besides ensuring overall coherence in their combat readiness.
The probe into Sunday's serial blasts near a political rally addressed by the Bharatiya Janata Party prime ministerial candidate Narendra Modi has been handed over to National Investigation Agency following recommendation from the Bihar government.
The ministry, according to sources, held three special drives during June-July for weeding out and indexing of old files and records
Rumours in the bureaucracy on his successor include the names of Sajjid Chinoy of JP Morgan, Rathin Roy of the National Institute of Public Finance and Policy, Neelkanth Mishra of Credit Suisse and the principal economic advisor, Sanjeev Sanyal.
Finance Minister Arun Jailtey's time table on Budget day.
It is possible that the final Budget architecture may be at variance with the comments.
Chaos in Parliament threw a spanner in the government's efforts to revive the economy and kick-start reforms.
The Union home ministry said there was 'substantial progress' on the issues in the talks.
'What made him different was that he was not a banker at all by temperament.' 'He was a businessman, a typical lalaji at that.' 'He had to win at any cost.'
Commuters were hit hard for the second day on Tuesday due to Chief Minister Arvind Kejriwal's dharna in the heart of the capital with authorities shutting down four metro stations and buses being diverted.
Here's a recap of events that occurred in India in the past 24 hours.
RBI governor is seen succeeding International Monetary Fund (IMF) chief executive officer, Christine Lagarde, next year.
'We are moving away from the Modi promise of less government,' says T N Ninan.
The Special Protection Group, the National Security Guard, the Central Reserve Police Force, the Central Industrial Security Force and the Indo-Tibetan Border Police are ensuring a watertight VIP security cover everyday to politicians campaigning across the country.
The President has begun studying Constitutional and Presidential precedents in anticipation of a fractured mandate in next year's general election, reveals R Prema.
On the direction of Prime Minister Narendra Modi, the Union Home Ministry is on a cleanliness drive and, in less than a month, has destroyed nearly 1.5 lakh files that had gathered dust for years.
He was a leader who enjoyed acceptance from all sections of the BJP and beyond.
Foot-tapping music and soulful classical renditions rent the air as Republic Day celebrations culminated with the Beating Retreat ceremony in New Delhi where President Pranab Mukherjee rode the ceremonial buggy down the Raisina Hill on Sunday for the last time during his tenure.
Reddy has worked to reform the economy.
The heartburn is over six sensitive issues
Defence Minister Manohar Parrikar on Wednesday said there was no controversy in the sacking of Avinash Chander as Defence Research and Development Organisation chief and it was he who recommended that the position should be held by someone from a "slightly younger generation" and not by someone on contract.
The foundation stone laying ceremony for the proposed new headquarters of Delhi Police was marred by a controversy when Home Minister Sushilkumar Shinde, the chief guest of the event, skipped the function citing inadequency in the documentation of the project.
Two successive reports, one by Percy Mistry in 2007 and the other by Raghuram Rajan in 2008 had provided the RBI and the finance ministry with blueprints of what to do next. Both reports, unfortunately, was put on ice. The global meltdown saved the RBI. It also saved the finance ministry from having to work on the two reports.
The principal challenge for Rajan's successor is to work with the Bank Board Bureau and the finance ministry to complete these processes of banking reform.
The Financial Stability and Development Council meeting on Tuesday started with an air of tension in the room. An official present described the participants' body language as "tetchy". However, once presentations and discussions begun, the mood considerably eased.
A serious debate in the Rajya Sabha on alleged destruction of files by the Home Ministry on Monday witnessed some lighter moments when a Congress member shared with the House his experiences on "simian trouble" in the corridors of power.
There must be no discrimination on basis of religion, said Home Minister Rajnath Singh.
A decision by P Chidambaram in his last days as finance minister has annoyed the revenue department.
'Trust your new governor,' Omkar Goswami advises RBI Deputy Governor Viral Acharya. 'Just because he is from the IAS and doesn't carry a PhD from a US university does not make him unsuitable for the task.' 'If anything, Das will pour oil on troubled waters, and save the RBI's reputation.'
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances