'It is like bombing a building with 200 people to kill 5 terrorists.'
In renaming TRS and repositioning it as a 'national' party, KCR is also eyeing a pole position in opposition politics ahead of the 2024 Lok Sabha elections.
The 42-year-old Acharya's appointment for a three-year tenure was cleared by the Appointments Committee of the Cabinet.
Raghuram Rajan has appointed him as head of several committees soon after taking charge.
More and more PE players are willing to test the waters now, just in case they become early entrants in a future booming business.
The change from wholesale to retail inflation as an anchor means that the weightage of diesel in inflation has decreased
New Delhi was reluctant to spook investors by clipping the bank's wings
DFS writes to departments that haven't responded to RBI's request for information.
Taking advantage of the RBI's different accounting year, the Centre had started demanding an interim dividend till the time the latter's final balance sheet is prepared (usually in August). To address this anomaly, an expert committee led by former RBI governor Bimal Jalan had recommended aligning the RBI's financial year with that of the government.
The bonds will likely be simultaneously launched in major financial centres such as London, Singapore, Hong Kong, New York for a term of no less than 20 years.
Erstwhile RBI governors, including Raghuram Rajan never had cordial relations with the government.
sharper-than-expected economic recovery back home, analysts say, can fuel a further rally in domestic cyclicals, industrials, and financials as global central banks continue with their easy money policy.
Chidambaram questioned the Narendra Modi government whether its demonetisation decision was designed to convert black money into white.
The pipeline for well-qualified and experienced policy economists at senior levels of government has broken, leading to a growing dearth of suitable candidates for top economist positions.
The decision to do away with Rs 500 and Rs 1,000 notes accelerated the slowdown in economic activity with growth averaging 6.8 per cent in the seven quarters after it, as against an average of 8 per cent in the six quarters preceding it, says former chief economic advisor Arvind Subramanian.
To do so, the government will have to tackle a number of broad development challenges successfully, says Shankar Acharya
'It's still very early. I have just been handed over the matter and therefore I haven't formed any views on it as yet,' Justice B N Srikrishna tells Pavan Lall.
The convertibility is RBI Governor's 'next big ambitious goal'.
'Too many things happen in India... that is the root of the problem, not Raghuram Rajan'
'Without bold action to deal with our banking crisis, count on the economy's doldrums to continue for much longer than most of us anticipate,' says Rahul Jacob.
Some of the key proposals of the agenda relate to transforming the banking sector, addressing agrarian distress, countering hate crimes and discrimination, and spurring employment generation.
On the reduction in the SLR ratio, he said it was a signal from the point of view of long-term reforms.
The government will release the Index of Industrial Production for July 2015 on Friday, September 11, 2015.
If imputed inflation for April and May is used, then you have inflation of over 6 per cent for two consecutive quarters, which is a worrying signal for the RBI.
'If there is an RBI majority in the committee, there is no question of a veto.'
In the first of a two-part series, Tamal Bandyopadhyay explains why the ICICI Bank's board first rushed to deny all allegations against Kochhar and then took the extreme steps against her.
According to ED sources Sunil Mehta said the fraud took place due to "systemic failure" and "procedural lapses", owing to lack of interface or proper links between the core banking software and the SWIFT interbank messaging system.
'If the government spends Rs 10 lakh crore this year then you would be looking at a GDP growth of minus 5 per cent.' 'If you do not do this, you will be looking at GDP growth between minus nine and minus 10 per cent.'
First, there has been a significant softening in commodity prices - most notably oil.
The FRBM report, to be submitted on Tuesday, is likely to have 'excuse clauses', absolving the government of meeting its fiscal commitments under certain conditions such as war or conflict, global economic meltdowns or natural disasters.
'The finance minister has messed up the economy.'
While he has plenty of critics at home, Rajan is a favourite among foreign investors and has been credited for bringing inflation under control.
Relations between the Mint Road and North Block have often been frosty, with the former's calls for lowering rates being the biggest point of difference
Research and ratings agencies like Icra and Moody's have said the CAD in 2018-19 would be much higher than 2017-18
'For every person there is a different way that you show respect for your country...my mother-in-law will say karmayogi is the way to go - do your work.'
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