Even before Prime Minister Narendra Modi swept to power in 2014, Subramanian Swamy was agitating for Rajan's removal.
'Look at the number of billionaires, the number of new billionaires in India.' 'Adani and Ambani are not the only ones.' 'What's wrong with people making money as long as it benefits us?'
Once these banks start showing losses, they will not be able to pay dividends to the government nor pay taxes, which will further aggravate the situation for the government as its return on investment as an investor would be very negligible for the next few years, says M V Subramanian.
Of the seven surveys presented under Modi govt, predictions of three were quite close to the actual GDP growth rate, one saw the base year change in between, but the last three were way off the mark.
Most mainstream researchers agree that good governance is a necessary condition for growth.
FY16 GDP growth was seen at 7.5%, against 8.1-8.5% earlier.
Domestic investors have managed very well to minimise the impact caused by relentless selling by foreign portfolio investors.
About one-third of the world's poor live in India but there are countries where 88 per cent of population is extremely poor.
It would be a miracle indeed if we grow at 7/8 per cent a year over the current and next few years, says A V Rajwade
Nifty ends above 8,400; TCS, HDFC surge 2%, Bajaj Auto dips 2%.
'Yet the market didn't do all that badly because it was cushioned by domestic inflows.'
Greece awoke with a political hangover on Thursday after parliament approved a stringent bailout programme, thanks to the votes of the pro-European opposition, amid the worst protest violence this year.
The markets gained nearly 7 per cent in the 4 trading sessions of March.
The proposals appeared so far apart that success seemed higly unlikely
'We appreciate his positive evaluation of the relationship and share his optimism about its future directions.' 'We look forward to welcoming him in India next week for detailed discussions on further strengthening of our partnership,' the MEA said on Friday.
Shastri took the first big step to transform India's agriculture, the benefits of which his successors reaped in plenty, says A K Bhattacharya.
There are a couple of proposals, however, whose goals are not easily achievable.
'When a soldier becomes a king, he better be a king. He should now just forget the past and move beyond continuity. He should catch the potential of India's moment and play a leader's role,' says Vallabh Bhansali of Enam Group.
'Rather than cutting and pasting from advanced economies, we should use basic economic principles to think about what is right for India at the stage of development at which we are,' says Chief Economic Advisor Krishnamurthy Subramanian.
'In contrast to the generally buoyant tone of the Economic Survey in January, he sounds uncharacteristically pessimistic, saying that forces in the world economy -- slowing global trade, protectionism, robots -- will limit India's manufacturing to levels well below what propelled East Asia's economies decades ago.'
Sanjay Kumar Singh suggests key factors investors need to keep an eye on while choosing the direct investment route.
Though growth in China is unlikely to slow down soon, India should prepare to take advantage of a shifting of gears there.
Indian Prime Minister Narendra Modi who envisioned Make In India last September was at his eloquent best as he made a fervent plea to global businesses to come Make In India.
Substantial gains can still be made with good policies and initiatives.
'India needs to adopt a more proactive policy of triggering exports to China.'
Bajaj Finance was the biggest loser in the Sensex pack, tanking up to 8 per cent, followed by Hero MotoCorp, IndusInd Bank, Maruti and HCL Tech. Axis Bank, ITC, NTPC and M&M were among the top gainers.
Tamal Bandyopadhyay offers some unsolicited advice for a government wh,ich came to power, with brute majority and the nation's pragmatic chief money man.
The situation in Greece worsened with banks closed for a 2nd week.
The more competent junior or the outsider with experience in the field should get the higher post.
What China's market crash means for India
'By demonetising higher denominations of currency notes, we have taken out the vehicle for corruption.' 'But the motive is still there.'
When industrial output and inflation fall simultaneously, though it is both a piece of good and bad news, taken together they can signal clear signs of an economic slowdown.
'The time has come to incorporate Indian sociology into economic policy.' 'The first step in that direction would be to listen to economists trained in India and not just the US and the UK, argues T C A Srinivasa-Raghavan.
Move 10 per cent of your portfolio to the yellow metal.
May be the strong United States growth will lead the world back to a period of growth and help us all put this painful recrimination behind us.
Greek proposals hailed as "a positive step forward".
Skittish investors snapped up gold and other safe-haven assets amid fears of a global economic slowdown
Faster normalisation of central-bank balance sheets will drive yields higher.
Premier Li Keqiang highlighted his government's performance in the last one year and the challenges ahead in various fields. Compared to other reports by his predecessors, Li spoke more frankly about the mounting challenges faced by the country. Srikanth Kondapalli on the two recent Chinese parliament sessions.
China has cast a long shadow on India's economy.
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