The key similarity between 1991 and 2014 is the criticality of decisive action.
To balance growth and inflation, tax reforms such as GST and investments in increasing food productivity are vital
Five years after the 2008 global financial crisis plunged the world into the Great Recession, there is a ray of hope that may lead the world into quicker recovery than what has happened till now.
Rajan was expected to join the search committee to appoint three external members of a new six-member RBI Monetary Policy Committee
Since public sector banks are unlikely to be privatised soon, the aim has to be to make as many of them perform as is possible.
The superfast double-decker train running between Delhi and Jaipur is new and posh, says a friend who has just been on it, up and down.
The work and management culture in the Railways needs to be severely shaken up, but the conventional political leadership of the country is unable to do it.
In the absence of market opportunities, the management will need to persuade shareholders that legitimate methods of valuation were used and the transaction price was justifiable.
Financial substitutes for gold are key to addressing the pressure from large imports.
There is a big hole in India's electronics manufacturing capabilities, one that does not fit in well with the notion of a large economy with matching technology muscles, says Subir Roy.
Any attempt by the Indian authorities to protest against extensive surveillance on Indians by the US will be hamstrung by what the authorities themselves are up to, notes Subir Roy.
Gokarn probably became the fall guy for resisting calls for interest rate cuts by the government and industry lobby groups, despite uncomfortably high inflation and/or for depreciation of rupee.
Policy focus should shift to targeting modestly good growth and using its fruits to improve lives.
Government aims to invest $1 trillion in the infrastructure sector in the 12th plan.
The slide in India's growth rate over the last five quarters, with the figure for the current year (2012-13) now projected to touch a 10-year low of five per cent, has thrown those who used the gross domestic product benchmark in the past to claim exceptional performance into a tizzy.
India's cities are in poor shape and it is axiomatic that unless you have proper systems of governance in place working through the right kind of institutions, there is no hope for their uplift.
Observing that India has a low foodgrain productivity and inefficient distribution, he said increasing the scale of investments in organised retail is one way to increase productivity and distribution efficiency.
If diesel subsidy can be confined to the running of public transport vehicles and agricultural pump sets, then it will stop benefiting private car owners and sundry other unintended recipients.
Regulators need to maintain a balance between regulation and innovation as per local requirements, RBI Deputy Governor Subir Gokarn said today as he pitched for a supporting policy framework to lower business risks.
The downgrade threat comes in the backdrop of growth slowing to a nine-year low of 5.3% in the fourth quarter of 2011-12, high inflation
Search panel to shortlist candidates soon.
Today, the telecommunications revolution, the Internet, a concern for global warming and a desire for a healthy lifestyle are redefining urban living.
All machines will go the way of all flesh - and the more modern the machine, the sooner it will do so.
The RBI is expected to respond to some bankers' demand for abolition of cash reserve ratio, the amount of money which banks are required to keep with the central bank in cash.
Satyajit Ray would have been 97 today, May 2. Soumendu Roy, who worked with the legendary director for many years, looks back on the Genius that was Manikda, as the Master was known to family, friends and admirers.
The city's experience offers a lesson to all major urban centres in the country, which will come to grief if they do not follow the right policies.
Cash transfer is targeted at the poor, but Aadhaar which will be at the core of the direct transfer process -- has no role in identifying the poor.
Said to be considering a 2nd term for RBI deputy governor
There is an apparent divergence emerging in the link between commodity prices and headline inflation in India, said Subir Gokarn, deputy governor of the Reserve Bank of India (RBI), on Monday.
India's cities are heading for a crisis that can derail all hopes of remaining on a high-growth path.
'It is not just a loss for India or UC Berkeley, it is a loss for the world.'
Ahead of the mid-quarter review of the monetary policy on December 18, RBI Deputy Governor Subir Gokarn on Saturday said inflation continues to be the primary concern for the central bank.
Ahead of its mid-quarterly policy review, the Reserve Bank today hinted at cut in interest rates, saying moderation in inflation due to lower economic growth and cooling global oil prices provide room for easing monetary policy.
CRR cut does not rule out open market operations.
Pranab Mukherjee's likely clear and impressive victory in the presidential poll will in no way reverse the perceptible decline of the Congress, says Subir Roy.
The Finance Minister himself admitted that the tax proposal could have some inflationary bearing.
There is no reason to assume that a collection of powerful regional leaders will be bereft of vision and responsibility, says Subir Roy
Country's central bank has been vocal on the build-up of the fiscal deficit.
On whether RBI will consider selling dollar directly to oil companies as it did in 2008 to curb further volatility in the rupee, he said all options are considered.
To a question on the latest Index of Industrial Production Data, RBI Deputy Governor said concerns had been raised about IIPD for sometime now.
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