As deputy governor, Patel headed the RBI panel to draft the monetary policy report, which became the basis of the ongoing reforms at the apex bank
World Bank's wrongful depiction of Indian territories as part of Pakistan and China in a map has prompted an Indian lawmaker to lodge a strong protest.
The Western powers appear to regard Delhi as the most logical destination in the region in these extraordinary times -- as a counterpoint to the ascendance of political Islam and a rising red star over Afghanistan, observes Ambassador M K Bhadrakumar.
Rajan said that central banks should not ignore global responsibilities.
With only 50 days left for the G-20 Seoul Summit, Korea is making conscientious efforts to gather a consensus in putting development as one of the major topics for discussion.
The plan of UID/Aadhaar-based surveillance does not end with the collection of fingerprints and iris scan, it goes quite beyond it and poses a lethal threat to the idea of India, says Gopal Krishna.
A look at who own the most amount of gold in the world.
What is required is a radical reworking of business processes and incentives to which staff respond.
Officers across departments and ministries have been asked to speak to people across sectors for 'SWOT' analysis of issues for revival of the economy.
RBI said aggregate demand during the year so far suggests that the shock to consumption is severe, and it will take quite some time to mend and regain the pre-COVID-19 momentum.
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.
The first task before him is to get used to the idea of working with the Monetary Policy Committee
The prime minister said a stable global economic and financial system is imperative for growth as it promotes inclusive and sustainable growth.
Flagging the issue of lack of enough economists in the country, Reserve Bank India (RBI) Governor Raghuram Rajan has said the inability to get quality talent may be hurting policy making.
At a pre-Budget meeting, the FM was asked to ensure that NBFCs come out of the liquidity crisis they are facing with the help of RBI. They also spoke about the futility of trying to achieve a 3 per cent fiscal deficit target over the medium term.
'We still need a certain number of large public sector banks for financial inclusion and stability purposes.'
Patel, 55, who took over as the 24th Governor of the central bank on September 5, 2016, had the shortest tenure since 1992.
IMF members will also be examining whether China's heavy intervention in the yuan market was befitting of a freely convertible reserve currency
The proposals appeared so far apart that success seemed higly unlikely
There was no word on whether or when Patel would be talking to the media about his priorities and plan of action as head of Mint Street
The next step is the charter, which aims to safeguard consumer rights and address criticism about the government not doing enough for passengers.
National Spot Exchange Limited, promoted by Jignesh Shah-led Financial Technologies, is facing payment crisis of Rs 5,600 crore (Rs 56 billion).
The Panama verdict will decide how Pakistan handles its leadership problems.
Sebi has also asked the stock exchanges to set up a separate monitoring cell with identified personnel to ensure compliance with the new norms.
'Given the past practice in the Pakistan army, this delay is most unusual,' notes Rana Banerji, who headed the Pakistan desk at the Research and Analysis Wing, India's external intelligence agency.
China would be an influential player in the bank
The RBI needs to maintain a healthy contingency reserve so that it can lend its support in case of a bank failure.
It was a "bloody Monday" for Chinese stock markets as shares once again nosedived in the sharpest decline since 2007.
'Instead of writing NAM's obituary, India should reinvent it,' suggests Dr Rup Narayan Das.
Kv Kamath has big plans as BRICS Bank chief.
'At a time when the economy is depressed, a pandemic is raging, and the Chinese are making noises on the border, the NRC could be resuscitated.'
Income inequality could lead to slower economic growth: IMF
Given all the turbulence created by Pakistan Foreign Minister Qureshi's unexpected tirade against Saudi Arabia, it is likely to be business as usual between the two countries, albeit with a bit of caution on the part of both, observes Lieutenant General Syed Ata Hasnain (retd).
Will Arundhati Bhattacharya be the RBI's first woman governor? Or will Urjit Patel succeed Raghuram Rajanas RBI governor when his term ends on September 4?
India has just had one of the worst quarters in export earnings.
RBI will take a cue from the Fed policy statement.
The IMF dashed any hope that Athens could avert default.
'China is in a good position to defuse financial risks.'
The board meeting is likely to take place later in Shanghai.
Athens has pushed two reform packages through parliament
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