'This is not without risk because extraordinary steps taken in exceptional times have the habit of becoming habits until the next crisis intervenes,' warns T N Ninan.
The ones who came more recently were clutching the green cards that gave them an escape hatch through which to return to green pastures: Arvind Panagariya, Raghuram Rajan, Arvind Subramanian and other perfectly honourable gentlemen like them, points out T N Ninan.
'There is global appreciation of the fact that India has the capacity and courage to carry out structural reforms like demonetisation and GST,' the finance minister said.
'RCEP may be in India's long-term interest, but it is certainly not in India's short-term and medium-term interest.'
The BRICS Summit tonight decided to establish the new development bank with an initial authorised capital of $100 billion.
The advanced economies have been experiencing their longest period of slow growth.
It said New Delhi increased its purchase of foreign exchange over the first three quarters of 2017 which does not appear necessary.
The legislation passed with 230 votes in the 300-seat chamber.
Prime Minister Alexis Tsipras battled to win lawmakers' approval on Wednesday for a bailout deal to keep Greece in the euro and avoid bankruptcy, as the IMF pressured Greece's creditors to provide massive debt relief for its crippled economy.
It is a wonder how pervasive and long-lasting the damage can be from a balance-sheet crisis, says Suman Bery.
Economic Affairs secretary S C Garg said inflation has consistently come down since 2014 and will not cross 4 per cent this fiscal.
'There is a time for lowering one's expectations of the economy -- and therefore not trying to do too much in the Budget,' notes T N Ninan.
Whatever its apprehensions and concerns about the regime of the Rajapaksa clan, India must be ready with unconditional assistance when Colombo asks for it. Because it will, observes Aditi Phadnis.
Euro zone leaders will hold an emergency summit on Monday.
'It is important to improve the quality of spending.'
Moody's Investors Service on Friday projected India's growth at zero per cent for the current fiscal and said the negative outlook on sovereign rating reflects increasing risks that GDP growth will remain significantly lower than in the past. The outlook also partly shows weaker policy effectiveness to address economic and institutional issues, it noted in the update to its November 2019 rating forecast.
The host country has been pressing for a discussion at the 10th G20 Summit on the conflicts in Syria and the worst migrant crisis since World War II.
'Growth would have to be 7% in the October-March period, if the year as a whole is to clock 6%.' 'Who would bet on that when, in the world of real numbers, both exports and imports have continued to fall, car sales have continued to slump, and the industrial production index shows yet again a drop in output?', asks T N Ninan.
Yes, India needs desperate measures to kick-start growth. But selling off its lungs to the highest bidder to hack away cannot be the way out, says Sumit Bhattacharya.
Rajan said whatever answer he gives on Modi will be 'problematic'
The Panama verdict will decide how Pakistan handles its leadership problems.
It is significant that the PM's appeal to invest in India comes at a time when the global economy is facing a difficult phase
Group still far from coordinating monetary/forex policy
The RBI has shelved its plan for polymer notes more than a decade after it invited interest from global manufacturers for one billion pieces of Rs 10 denomination polymer banknotes, reveals Tamal Bandyopadhyay.
The proposals appeared so far apart that success seemed higly unlikely
The government is seeking to keep its fiscal deficit within the budgetary target of 4.8 per cent of GDP.
The advanced economies have been experiencing their longest period of slow growth in many decades.
'It is unrealistic to expect that security dilemmas and strategic distrust to disappear or even diminish any time soon,' says Rup Narayan Das.
Neither India nor China will be badly affected by Grexit.
Athens has pushed two reform packages through parliament
UPA-II has yielded a 7.5 per cent average annual growth rate
The IMF chief listed three key policy areas for women's empowerment as the education, getting a job and having a family.
'This is clearly a much stronger government, a much strong Prime Minister's Office and a much more disciplined approach. There is an improvement of the work culture in the government -- people don't play golf in the mornings anymore. There is a huge attempt going on to making business easier,' says Rakesh Mohan, executive director at the IMF.
Athens bowed to demands to phase out tax breaks for its islands.
Taking up the case of Indian IT companies and professionals, Jaitley told Ross about the contribution of highly-skilled Indians in the economic development of the United States and India and stressed that they should continue to do so, which is in the best interest of the two countries, officials said.
Without some firmer pledge of debt relief, neither Greece nor the IMF is likely to accept a deal
The post-crisis debate on capital account management focuses on matching instruments with vulnerabilities.
The result of the opinion polls would allow the government to move ahead quickly to reach a deal with creditors
The keynote address will be given by United States President Donald Trump
'That is not a democratic ideal obviously, but it is a practical reality.' 'It is a consistent feature of politicians in Pakistan that their rhetoric on the army softens the closer they get to the seat of power.'
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