The RBI will have to focus on constructive change to ensure growth.
The Finance Ministry has sought comments from stakeholders.
'The Reserve Bank's independence has remained a work in progress, an enduring challenge that the nation has been grappling with on an ongoing basis,' says RBI Deputy Governor Dr Viral Acharya.
A group of armed men in police uniform on Sunday attacked the Nabha Jail in Patiala and fled with five prisoners, including Khalistan Liberation Front chief Harminder Mintoo.
The S&P BSE Sensex ended 46 points lower at 24,824 and Nifty50 settled at 7,555, down by 8 points after hitting intra-day high of 7,600.45.
While we complain about comfort in coaches, rarely do we think about the comfort of engine drivers.
FM says government policies aim to contain inflation, spur growth.
The shares could continue to see outperformance if the Budget assumptions are proved correct
BSE Sensex ended at 25,549.72 up by 321 points or 1.27% and the Nifty ended 7624.40 up by 97.75 points or 1.30%.
The flagship looks distinct from its peers and sports top-line hardware, but isn't a big upgrade over the G3.
Rajan strongly defends RBI's decision to hold the key rates in the absence of any new data points.
Says licensing of new banks should be a continuous process instead of the current stop-go system
'The recent US jobs report has eased fears of a hike in the Fed meeting.'
RBI governor on the stress in public sector bank due to NPAs, and what is needed to be done to get the system back on track.
Payment banks may not be viable option to attain financial inclusion.
The year 2014-15 could well go as one of long-pending financial sector reforms, expected to have a lasting impact.
Data used for the graph and cited elsewhere in the column were obtained from various publications of the RBI.
Banks in India must have a modern approach, suggests a panel comprising of banking bigwigs.
India still has to go a long way to implement reforms in various sectors.
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.
China's economy is in transition, with rising wage costs and massive overcapacity.
In putting the country's economy back on the rails, it is best that Narendra Modi and Arun Jaitley draw on grass-roots feedback and their own practical sense and native wisdom without allowing themselves to be sucked into the quicksand of economic punditry, says B S Raghavan.
Once these banks start showing losses, they will not be able to pay dividends to the government nor pay taxes, which will further aggravate the situation for the government as its return on investment as an investor would be very negligible for the next few years, says M V Subramanian.
In an online chat with readers, Amit Jaiswal, head of academics, MockBank.com answered queries on how to prepare for the IBPS Bank PO entrance examination.
Aditya Puri thinks the government is on track.
In an online chat with readers, Prof Ujjwal Chowdhary from Edutainment offered tips on pursuing a career in media, design and communication.
Eminent business journalist and author Tamal Bandyopadhyay discussed Budget with rediff.com readers on Tuesday.
The industry's reactions to the Budget have been mixed.
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