The Indian economy was on an impressive growth path through the first decade of this century till it was brought to an abrupt halt by the policy inertia during UPA2 and the Modi government's inability to restore economic and financial momentum. Fascinating glimpses of what went wrong from Puja Mehra's must-read book The Lost Decade: How India's Growth Story Devolved Into Growth Without A Story.
Bank shares were the top gainer in early trades with Bank of Baroda up over 4%.
In the broader markets, BSE Midcap index slipped 0.3% whereas the BSE Smallcap index inched up by 0.2%
Sensex falls at close; metals, banks perform well.
'Markets should be driven more or less by earnings growth.'
Athens has pushed two reform packages through parliament
The Survey shows fiscal consolidation despite slowdown in growth.
Markets ended higher for the second straight session mainly on the back of upbeat corporate earnings.
'The temptation of governments, to have a finger in the RBI pie will be just too great to resist, unless extensive amendments are carried out in the RBI Act treating it almost as the fourth branch of the government.'
At least eight persons, including three Haqqani network commanders, were killed on Thursday in a rare United States drone strike outside Pakistan's tribal belt, just a day after a top official said the US had agreed to halt such attacks during negotiations with militants.
"I am an academic and I have always made it clear that my ultimate home is in the realm of ideas," Rajan said in a letter to staff.
Finance minister attempts a clean-up job, keeps projected expenditure growth low.
Does a big multi-cylinder motorcycle need to be expensive? Royal Enfield does not think so, says Jehan Adil Darukhanawala.
Tamal Bandyopadhyay discusses his latest book Bandhan: The Making of a Bank at Bandhan headquarters in Kolkata.
In its essence, GST is a national level system of value added taxation of goods and services, says Shankar Acharya.
'Success will require political skill, not just economic expertise'
Non-metro routes get 73 per cent of its flyers -- a factor that has earned it double-digit share with only 19 planes.
Rajan tells RBI colleagues he will be returning to academics
India still has to go a long way to implement reforms in various sectors.
Dr Raghuram Rajan's departure holds lessons for all, be it sections of the media, politicians or the people themselves. We need to learn how to value and retain talent. At the same time the talented must realise that talent alone does not ensure the top job, says Sanjeev Nayyar.
Sahil Kapoor of Edelweiss Retail Capital Market Research says that setting up a monetary policy committee should have been the first step. And the central bank could have moved towards a formal inflation targeting mechanism after the processes and data sets are in place.
Although the markets could see a knee-jerk reaction, they rule out a sharp fall.
Excerpts from Prime Minister Narendra Modi's speech at the Combined Commanders Conference on board the INS Vikramaditya at sea, off the coast of Kochi.
Pipeline leanest since 2004; bankers said to be cautious due to fear of rejection by Sebi.
The proposals appeared so far apart that success seemed higly unlikely
EU authorities made a last-minute offer to salvage a bailout deal that could keep Greece in the euro as the clock ticked down on Tuesday, with Germany warning that time had run out to extend vital credit lines to Athens.
Chinese leaders may well respond to challenges with heightened rhetoric.
Moving ahead with their new mantra -- Chalein Saath Saath: Forward Together We Go -- Prime Minister Narendra Modi and United States President Barack Obama on Tuesday vowed to deepen cooperation in every sector for the benefit of global stability and people's livelihoods over the next ten years.
For one thing, US Fed Chairman Ben Bernanke was perhaps right in postponing the quantitative easing taper even though the markets had complained at that time that they were primed for some reduction in QE3 and the Fed had missed an opportunity to execute their plans without causing too much of a flutter.
Humanitarian intervention has little meaning unless the international community is willing to engage in the aftermath, says Shyam Saran.
Indian economy about to take-off
Aditya Puri thinks the government is on track.
After weighing all the costs and benefits, the next administration is likely to reduce and restructure assistance to Pakistan but not to end it altogether, says Daniel S Markey.
