'The Reserve Bank's independence has remained a work in progress, an enduring challenge that the nation has been grappling with on an ongoing basis,' says RBI Deputy Governor Dr Viral Acharya.
The RBI governor-designate may be economical with spoken words, but is known for his sharp and critical writings
Richard Clarida's recent paper could be key for policymakers in deciding whether India should move to an 'inflation targeting policy regime', says Vivek Dehejia.
RBI's intention to keep its target inflation rate at 5% was the main reason behind keeping rates unchanged, says Adhil Shetty, CEO of BankBazaar.com.
The gains will provide a much-needed reprieve after the rupee fell for a fifth week and hit an over two-month low last week in trade.
A bleak demand outlook for steel in the domestic as well as global market is also another reason Tata Steel may be looking to have additional liquidity as margins are expected to take a hit in the coming quarters.
She would be the first Indian to be occupying the coveted post at IMF after former RBI governor Raghuram Rajan
India's Planning Commission has 31 divisions and seven attached offices, which include the Unique Identification Authority of India and Independent Evaluation Office.
The macroeconomic environment has changed dramatically for the better.
Hong Kong is the world's freest economy according to the Index of Economic Freedom 2015.
'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.
Reserve Bank of India Governor Shaktikanta Das on Friday said the central bank will ensure adequate liquidity in the system to ease the financial stress caused by the Covid-19 pandemic. The central bank reduced the reverse repo rate -- the rate at which banks park their fund with the central bank -- by 25 basis points to 3.75 per cent.
While India's GDP is pegged at 7.7%, China is projected to grow at 7%.
Although the first woman to hold the position of chief economist at IMF, it would be wrong to see her appointment through the lens of gender
Most forecasts do not have a track record of transparency and accuracy
The year 2015 may well turn out to be a watershed in global macroeconomic adjustment.
The Reserve Bank left interest rate unchanged.
Many macroeconomic forecasters have built predictive models on inflation, all of which highlight intense downward pressure on prices.
oreign Policy magazine named him as one of the world's top 100 global thinkers in 2011.
In April, the World Bank had projected India's GDP would grow at 6.1 per cent in the current financial year and at 6.7 per cent the following year.
Nobutaka Kitajima, chief investment officer -- equity, LIC Nomura Mutual Fund, tells Business Standard the reaction to the Fed's statements has been overdone and the current downturn has punished certain stocks much more than their inherent economic worth and business potential.
While naysayers say the economy is on a downward spiral, optimists point out that India has experienced a shift of gears in the realm of policies, thanks to several initiatives of the Narendra Modi government, says Ashok K Lahiri.
On the index, India has a score of 4.52 while that of Switzerland is 5.81
IMF attributes the slower growth rate to supply-side bottlenecks.
Rajan tells RBI colleagues he will be returning to academics
This is the lowest investment grade rating.
Investors are keenly awaiting the announcement of the macroeconomic data-IIP and CPI due on Tuesday.
Flexibly targeting inflation is consistent with a demand stimulus, says Ashima Goyal.
The longer it takes for RBI and the government to stabilise monetary conditions in the economy, the more severe and long lasting will be the damage caused to various sectors of the economy, especially to the informal sector, says Rajeswari Sengupta. Rajeswari Sengupta discusses the impact of this move on money supply, output and prices, in the short- and medium-term.
He wants Jaitley to give investors more clarity on policies
In a soon to be published book, 'Of Counsel: The Challenges of the Modi-Jaitley Economy,' former chief economic advisor Arvind Subramanian says though RBI has a good reputation, it does not mean it's always right, as for years, the RBI was unable to grasp the seriousness of the loan repayment problems or identify the prolonged frauds of Nirav Modi and the likes.
A freely convertible country must have sound macroeconomic policies.
"I am an academic and I have always made it clear that my ultimate home is in the realm of ideas," Rajan said in a letter to staff.
Park only savings that need not be touched for many years, says Devangshu Datta.
RBI has brought down forecasts of both year-end inflation and growth.
India's fiscal deficit trends are a bit like an alcoholic trying, unsuccessfully, to reform. Virtue does not last for too long, says Shankar Acharya.
Tight liquidity will hit over-leveraged and cash-hungry companies, spare conservative ones
Budget has laid emphasis on enhancing expenditure in farm & rural, and social sector including healthcare, education, skill development, job creation and infrastructure
In absolute terms, fiscal deficit went up by 33.6 per cent in April-December 2017 and the revenue deficit by as much as 40.7 per cent compared to the same period the previous year, said Sudipto Mundle.
In India we have to be careful not to copy any level of dependence on the financial sector and infatuation with the get-rich-quick syndrome, says Jaimini Bhagwati.
