The economy and society have changed 'hugely' over the years, he said.
Is the RBI unable to accept with grace that beyond 55, one can have the ability to head the compliance functions in a bank, asks Tamal Bandyopadhyay.
Removal of this status means India can now enhance customs duties to any level on goods coming from Pakistan.
GST reform has been hanging fire since 2006-07.
India has still a long way to go to meet the Millennium Development Goals such as elimination of poverty by 2015, Finance Minister P Chidambaram said.
The Prime Minister said there is a need to have a relook at the structure of the Planning Commission and give it a new shape.
Reserve Bank Governor Raghuram Rajan on Friday said banking sector will see major changes in the coming years.
They expressed concern on taxation issues, the high fiscal and current account deficits, and sought removal of capital gains tax.
The ongoing Greece economic crisis poses a little threat to the rest of the world as the global economy has withstood the stress tests of the last two weeks fairly well.
Their research paper on aid by rich nations got leaked
India's rank in the World Bank's ease of doing business index cannot get better unless more attention is paid to bringing about procedural reforms in the way states run their governments and provide various approvals for trade and industry, says A K Bhattacharya.
The momentum created by the landslide victory of the ruling party should be utilised to carry forward reforms in the legal field, says M J Antony.
According to experts, banks have found better arbitrage opportunities in dollar terms in mature economies with mortgage and leverage rather than take equity exposure on Indian real estate.
His 7-day long trip to the United States starts on June 17.
Market players said a big upmove by the market will depend on policy action by the government to revive economic growth and corporate earnings revival.
'We are all in a tizzy about NBFCs in the aftermath of the IL&FS default.' 'We tend to jump to the notion that an NBFC is like a bank. But banks make a promise that deposits are liquid and have an assured return.' 'NBFCs make no such promises,' points out Ajay Shah.
Kharola leads from the front. As a team player, he also uses technology to improve processes whether it is training or assessing metrics, a key trait that would help to improve service quality of the national carrier.
Both benchmark indices were driven by strong gains in IT, teck, oil and gas, pharma and banking shares amid earnings optimism.
Prime Minister Narendra Modi leaves for Brazil on Sunday for attending the five-nation summit of BRICS nations on July 14 and 15 which is expected to finalise the setting up of a development bank and seek reforms of the United Nations and international financial organisations.
Over 15 years, with seven per cent growth, the Indian economy will be three times bigger.
The party says 23% of foreign investments should be by FIIs.
'India's economic fundamentals are much too strong to be affected by his resignation,' says B S Raghavan.
India offices of MNCs like DHL, Google and Marriott ranked among the top workplaces in Asia.
"I think the Governor has been doing a great job for the country and we would certainly see it as a very positive move if he were reappointed," Naushad Forbes, president, CII.
13 eminent economists, including former RBI governor Raghuram Rajan and current International Monetary Fund Chief Economist Gita Gopinath, in a report have asked the political establishment not to resort to populist tricks.
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The policy will be announced shortly, Minister of State for Communications and IT Milind Deora said on Monday.
Chetan Ghate, Pami Dua and Ravindra Dholakia have been appointed for 4 years
India pledged an assistance of USD 30 million (Rs 199 crore) for the initiative that brings together developed and developing countries.
Pakistan will explore other options to meet its defence needs if the deal for F-16s did not materialise with the United States, Defence Minister Khawaja Muhammad Asif on Tuesday said
The government on Monday approved the appointment of B P Mishra as the new executive director of International Monetary Fund.
India decided last week not to ratify WTO's Trade Facilitation Agreement.
The top three industries in India susceptible to economic crimes are financial services, manufacturing and professional services
'The virus of trust deficit seems to be taking a toll of the friendship built over the years by succeeding leaderships of the two countries,' notes Rup Narayan Das.
We must see New Delhi's position as a signal of competition to the Chinese grand design for the 21st century world, says Nitin Pai.
The searches are linked to suspected movement of hawala money during the ongoing polls season and tax evasion.
The HRD ministry is preparing a point-by-point rebuttal on charges that include infringing on the autonomy of higher educational institutions and a cut in the education budget.
The US has been widely criticised for using pressure tactics to secure information from other countries, without reciprocity.
The laggards in the Sensex kitty were Vedanta, Tata Steel, M&M, HCL Tech, Bharti Airtel, Maruti Suzuki, L&T, Asian Paint and HDFC
'...Unless we muck up our policies.' 'We have to become a modernised economy.' 'Our institutions should be stronger. And that is most important.' 'The rule of law should prevail and contracts should be enforced.' 'Above all, we have to recognise the importance of globalisation.' 'It is in our favour at this stage. We should grow and become globally competitive.'
