A possible US-led war against oil-rich Iraq would have a limited impact on India's inflation, the Reserve Bank of India's deputy governor Rakesh Mohan said on Thursday.
The Reserve Bank of India has no plans to cut the short-term repo rate for some time, a senior central bank official said on Thursday.
The central bank deputy chief said on Monday that the monetary authorities were unlikely to lower the repo rate from the current five per cent for quite some time.\n\n\n\n
RBI Deputy Governor Rakesh Mohan said drastic reduction in subsidies on power, railways and water supply in urban areas is needed to maintain a steady 8 to 8.50 per cent growth.
'This is happening regardless of the Budget.'
Removal of this status means India can now enhance customs duties to any level on goods coming from Pakistan.
A high-level panel led by former RBI governor Bimal Jalan, set up to decide the appropriate capital reserves that the central bank should maintain, on Wednesday finalised its report.
To involve workers in various social campaigns initiated by Prime Minister Narendra Modi, Bharatiya Janata Party president Amit Shah has formed nine separate committees of senior leaders.
'What do the moves towards protectionism suggest?' 'That we do not have Aatmavishwas.' 'If you have self-confidence, confidence in your ability to compete with the best in the world, why do you need protectionism?'
Acharya emphasised that the time is "really ripe" for land, labour and agricultural reforms in India.
Uttar Pradesh government on Monday transferred 41 senior IPS officers, posting a senior superintendent of police in Firozabad, where two police constables have been shot dead by unidentified assailants leading to violent protests.
The second list has named 16 candidates from Uttar Pradesh and five from Maharashtra.
Apoorvanand pays tribute to much-loved and admired Hindi literary great who passed into the ages on Monday.
India needs to make use of this opportunity to significantly enhance its exports especially in information and communications technology and the automotive sector.
There is no conceivable reason for any big power to put road blocks on the path of an India-Pakistan normalisation process, asserts Ambassador M K Bhadrakumar.
Modi will also need to reconcile market demands with those from forces within his own administration
Dr Rakesh Mohan, former RBI deputy governor, and Dr Pronab Sen, former chairman of the Indian Statistical Commission discuss the issues facing the Indian rural and manufacturing sectors and what the government must possibly do to improve demand and perk up the Indian economy
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.
Home Minister Rajnath Singh will be the deputy leader of the party in the Lok Sabha and Finance Minister Arun Jaitley in the Rajya Sabha.
'We still need a certain number of large public sector banks for financial inclusion and stability purposes.'
'In Maharashtra he didn't buckle under pressure.' 'We expect him to do the same as the CBI Director.'
The farmers entered the national capital riding their tractors and trolleys and proceeded towards Kisan Ghat where heavy police deployment has been made.
On that note, Sukanya Verma lists 10 times when Bollywood assembled a bevy of evil-doers to make life hell for its leading man.
In 2011, RB and TTK had dragged each other to court over TTK-LIG, the joint venture set up for manufacturing condoms.
A strict vigil will be maintained during the swearing-in of Devendra Fadnavis as Maharashtra chief minister at Wankhede stadium in Mumbai on Friday, with over 2,500 security personnel being deployed in and around the sprawling ground.
'Lord Ram's history has reached Indonesia, but not Owaisi's home.'
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The development comes after the National Democratic Alliance government this year broke a 92-year-old tradition of presenting a separate Railway Budget, according to suggestions made by the Debroy committee.
Kaushik Basu, whose stint at the World Bank ends on July 31, was being looked at as a serious contender, the sources said
The main difference of opinion between RBI and FinMin is over the transfer of the RBI's 'excess' capital reserves. The Jalan panel seeks to convince finance secretary Subhash Garg to soften his dissent note language. The move is aimed at maintaining the now-cordial relations between the RBI and the finance ministry.
Concerned by GDP slowdown and unrealistic tax targets, the economists urged Finance Minister Nirmala Sitharaman to implement long-term structural steps like land and labour reforms. Warning against any off-Budget financing the economists said the government should prepare a statement of intent for its social, rural and welfare sector expenditure.
The sixth Jaipur International Film Festival will see 156 films from 90 countries screened at the festival.
The Centre's proposal to call for governance reform in the RBI could, however, take a back seat, a source privy to the development said.
How do we get back to higher trend growth? The heart of the problem lies in private corporate investment, recommends Ajay Shah.
The government planned to borrow 10-15 per cent of the total borrowing offshore. That works out to at least Rs 71,000 crore, or about $10.4 billion at Friday's exchange rate.
Forced into the confinement of jail after his bail plea was rejected, self-styled godman Asaram Bapu on Wednesday sought for his routine diet, gangajal and a special bed besides other facilities which were denied by the jail administration.
Rifleman Aurangzeb, who belonged to the 44 Rashtriya Rifles, was on way back home on June 14 to celebrate Eid when terrorists abducted him.
DBS called Rajan's decision not to seek an extension as a 'negative surprise'.
The pipeline for well-qualified and experienced policy economists at senior levels of government has broken, leading to a growing dearth of suitable candidates for top economist positions.
A day after it was set up, the Haryana government control room has so far got information about 45 persons from the state, stranded in strife-torn Iraq. Majority of those stranded in Iraq hail from the northern parts of Haryana
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