Economists caution that the underlying cause could be an alarming drop in demand -- something that's not good for economic growth.
Rajan, Swamy alleged, is a member of US dominated Group of 30.
The government's critics say that the Prime Minister failed to rein in vicious and unprecedented personal attacks on the central bank chief by the likes of Rajya Sabha MP Subramanian Swamy.
'The government's principal aim should be to reduce the volume of cash transactions.' 'That would bring more of the Indian economy within the purview of taxation.' 'The current downturn in economic activity due to a lack of adequate cash is likely to be limited to a year,'
For stressed loans, the need is to prevent disruption in cash flows from a systemic perspective, conserving employment and assets in untainted enterprises with the potential for recovery, says Shyam Ponappa.
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.
RBI is likely to have reached broadly similar conclusions since it did cut rates, presumably to stimulate activity.
The trio, 'twin shocks' of demonetisation and GST, 'twin balance sheet' problem that has been weakening India's banking system and the 'twin deficit' problem will continue to challenge economic management and performance in the year ahead, says Shankar Acharya.
Bank credit growth, still sluggish, could see a rise if the Reserve Bank of India decides to cut interest rates, believes Ashima Goyal.
Food prices are also expected to move up due to the poor monsoons.
The rupee rose by 4 paise at 66.88 against the US dollar in early trade on Wednesday.
Rupee, bonds may see knee-jerk reaction, as Urjit Patel is considered an inflation warrior
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.
India's political infighting is denting business confidence.
In the first tranche, the department will send out letters in 100,000 cases where the money spent is at least Rs 1 crore (Rs 10 million) each a year.
The government is somehow convinced that selective low-rate lending will stimulate demand and accelerate economic growth that plunged to a four-year low of 4.4 per cent in the first three months of 2013-14.
World Bank along with economic think-tank National Institute for Public Finance and Policy have strongly pitched for making finance commission a permanent body like planning commission, although government has some reservations on it.
The mood at the Indian Institute of Management, Ahmedabad (IIM-A) is festive, with one of its alumnii, Raghuram Rajan taking over as the next Reserve Bank of India (RBI) governor.
'If such inflows materialise, what will be the effect on the rupee's value -- and therefore on exports growth, the only sustainable path to recovery?', asks Mihir S Sharma.
'The telecom companies are our lifeline now, despite having nearly collapsed under debt because of ill-advised policies.' 'Perhaps our obvious dependence on telecom services will spark well-conceived policies for this sector,' says Shyam Ponappa.
While RBI is yet to come out with a clear regulatory framework for bitcoins, which have been gaining currency across the world over the past few months, it has issued an advisory cautioning general public against use of bitcoins and other virtual currencies.
Gold is up 0.8 per cent for the week, after hitting a near-two-week high earlier in the week.
The Reserve Bank of India cut its repo rate by 25 basis points to 6.50 per cent.
RBI watchers are going to be on tenterhooks for the next 3 weeks.
There is a significant amount of dispersion in the growth rates across different industries.
A monsoon deficit is likely to affect the agriculture output, which could have an impact on the food inflation
'We don't need to hinge India-UK relations on shared hostility toward China,' observes Ambassador M K Bhadrakumar.
From son of soil to Hindutva and from the BJP to Hardik Patel, the Shiv Sena has changed its stand time to time to reinvent itself.
Forex dealers said besides the dollar's gains against other currencies overseas, increased demand from importers for the American unit put pressure on the rupee but a higher opening in the domestic equity market capped losses.
Consumers during the quarter sold 37.9 tonnes of old gold, which is the highest quarterly sale after September 2016, when old gold sale, or scrap supply, was 39 tonnes.
Arvind Subramanian will hold classes for a week on applied economics at IIT Delhi
If providing a stimulus to growth is the objective now, that would be best served by moving rates as quickly as possible to the bottom.
In the last financial year, GDP growth was 7.3 per cent.
The country last raised the amount of government debt that foreign investors can buy by $5 billion in June last year.
Pharma major Lupin and mortgage lender HDFC were the top losers.
RBI in wait and watch mode as several risks to inflation continue to exist including a sudden reversal of food prices and oil price volatility.
The World Bank said improved infrastructure, specifically rural electrification, has had far-ranging effects
The intial round of efforts did not achieve the objectives fully.
The RBI should provide readily accessible summary information on its website about all corporate debt defaulters and the amounts involved.
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