As the MPC is mandated to target CPI inflation rate at 4 plus minus 2 per cent, any measurement error in CPI is likely to have grave consequences for monetary policy.
The government on Wednesday announced the appointment of veteran banker K V Kamath as chairperson of the newly set up Rs 20,000 crore development finance institution NaBFID to catalyse investment in the funds-starved infrastructure sector. Parliament had in March cleared the National Bank for Financing Infrastructure and Development (NaBFID) Bill 2021 to support the development of long-term non-recourse infrastructure financing in India, including the development of the bonds and derivatives markets necessary for infrastructure financing.
'In that dark tunnel, we spent our energy searching for a ray of hope.' 'It was tough; nobody can even imagine the conversations we had.' 'Laughter had disappeared from our lives.' 'I would tell my daughters, I might go mad.'
Kamath also served on the board of Infosys.
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.
Indian society may be more advanced than we think it is, notes Ajit Balakrishnan.
The book, 'India Can', has received praises from top business leaders including Deepak Parekh and Nandan Nilekani.
On LinkedIn, job postings for software engineers were the highest across multiple industries.
As per the new criteria of selection effective for the 2014-16 academic session, work-experience of prospective candidates will assume lesser weightage and preference will be given to the most recent academic score; marks obtained in the class 10 and 12 examination will be given less importance.
'I think my first obsessive, possessive and only half-requited -- as we would joke -- 'love' was Ivan. I saw him first slouching down the corridor of St Stephen's College nearly 50 years ago and was instantly smitten (as was everyone else around him).'
Salman KhanThe actors along with a bunch of designers promoted Indian handicrafts in Ahmedabad.
Asked about the students' agitation in FTII, he said he will talk about it only after taking charge but added that it was a "difficult situation" and he hoped to do his best.
Chef Aditi Handa, who is deeply invested in baking, makes the most delicious sourdough.
In the university category, IISc stood first, followed by JNU and BHU.
The Reserve Bank of India (RBI) has increased its gold purchases, as part of its foreign exchange (forex) reserves. In the first half (H1) of calendar year 2021 (CY21), the addition of gold to India's forex reserves has been the highest - on a half-yearly basis -at 29 tonnes. Now, the RBI's gold holding - as a proportion of its forex reserves - has for the first time crossed 700 tonnes.
Rediff reader Vijai Kumar Sharma, 79 from Jaipur tells us about his first salary.
A workshop has been organised in Mumbai to come up with suggestions.
Indications are that the DMK combine will win more seats than the AIADMK and BJP, but is facing a tough fight in about half a dozen from the rest, predicts N Sathiya Moorthy of the electoral contest in Tamil Nadu.
In our series on Super30 achievers, we find out how Aquibur Rahman has fared since he cleared his IIT-Joint Entrance Exam.
Here's what the Canadian PM said at IIM-Ahmedabad...
For Yoginder, it is a release from pain. But for us, his friends, it is the loss of a warm and generous life companion, says Nitin Desai of his 50-year association with the eminent economist who passed into the ages on December 6, 2022.
Anjuli Bhargava discovers how the Buddha Fellowship is attracting India's brightest minds to solve its problems.
Issue-based theatre has the capability of playing a transformative role in society -- first through the artists and their families and then, their audience.
Industry players credit Sebi's first woman chairperson with putting special emphasis on cyber security, use of tech and data, areas where Sebi is trying to 'stay ahead of the curve'.
The company plans to add more features to its gadget, will expand its workforce and raise $10 million in venture capital fund.
Does your favourite institute feature in the list?
The median gross hourly salary for men in India in 2018 stood at Rs 242.49, while for women it stood at around Rs 196.3.
Wadhwani joined the billion-dollar club in 1999, when he sold a venture for $9.3 bn to i2 Technologies.
The lingering boundary issue will also feature in his talks with his Chinese counterpart Xi Jinping, Premier Li Keqiang and other leaders, says R Rajagopalan, who will travel to Beijing with the President.
Manoj Jain tells you how to fight stress and find peace in your daily lives.
Vogo, which has a fleet of over 12,000 vehicles mainly across Hyderabad, Mysuru and Bengaluru, is also betting big on India's growing traffic congestion.
According to sources close to the development, the government is shortlisting the states where the new IITs and IIMs will be set up. The states will be selected on the basis of their economic and social status.
N R Narayana Murthy, co-founder of Information Technology giant Infosys, has lamented that economic activities in India were 'stalled' and decisions were not taken by the Manmohan Singh government in time in the Congress-led United Progressive Alliance-era.
While chits and the formal financial sector are not 'largely substitutable', users like the commitment to savings that these enforce and the flexibility in borrowing, reports N Sundaresha Subramanian from New Delhi.
A bit of economic reforms stalled and decisions delayed -- what Narayana Murthy spoke of -- don't hurt if a country's compassionate and inclusive social fabric has survived intact; if the country is happy, observes Shyam G Menon.
"I am an Indian citizen, I have always been an Indian citizen. I always held an Indian passport. I held an Indian diplomatic passport when my father was in the foreign service and when I travelled on behalf of the ministry of finance," Rajan said.
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