'It is likely the government may opt for an IAS officer.' 'For the government, an IAS officer will be more easy to deal with,' notes A K Bhattacharya.
Weakness of dollar in the overseas market also boosted the rupee value.
If Mr Modi and his team expect to win the 2019 elections, groundwork for improved performance in their second term should be done now.
The US dollar has risen about 15 per cent since mid-2015.
However, some experts, including RBI Governor Raghuram Rajan, have favoured doing away with curbs on gold imports because they lead to smuggling.
'... the government provides adequate cash and kind support for the poorest of the poor for survival... ...conditional cash and skilling support for the economically poor to raise their incomes to adequate levels... ...and make functional arrangements for providing unemployment allowance to the vulnerable poor during disasters like the present one.'
The Chinese leader is today facing some open, or less subtle, criticism from within the party and from liberal intellectuals who are increasingly concerned by the concentration of power in his hands and the increasing authoritarianism of the regime, says Claude Smadja.
Rajan said whatever answer he gives on Modi will be 'problematic'
The Reserve Bank of India (RBI) will make its bi-monthly policy announcement next week. The macroeconomic backdrop to this event is perhaps the most reassuring in the past several quarters.
Central banking is a science, not an art, Tamal Bandyopadhyay tells RBI Governor Shaktikanta Das.
'Opportunity for a country like India is huge in terms of wealth creation.' 'That's the reason India is an attractive economy for investors.'
RBI's policy statement highlights the fact that core consumer price inflation remains obdurately high at about eight per cent.
Election results, diesel & gas pricing moves, labour law changes - all stoke anticipation of more cheer ahead.
It will take a period of time to recover back to the higher levels that India enjoyed in previous years, IMF director said.
Delivering a public speech hours after the RBI launched a rescue act for Yes Bank on March 6, Governor Shaktikanta Das reiterated the RBI's affirmation to do whatever was needed to combat the coronavirus impact. On that day, India had only one confirmed COVID-19 infection, the World Health Organisation was five days off from declaring it as a pandemic and the financially debilitating lockdowns were not even on the horizon. Das' promise on efforts to mitigate COVID-19 impact appeared as a footnote in news reports from the event.
This comes after the arrest of Syndicate Bank Chairman S K jain.
UBS India, the domestic franchise of Swiss banking major UBS Group which last month surrendered its banking licence, has started laying off around 50 people, who are affected by the decision.
According to a senior Election Commission official in Chandigarh, Panwar got 36 votes, while Sharma got 23 first preference votes and six transferred from the BJP, taking his tally to 29.
'The assumed linear correlation between forced lower yields, higher bank borrowing from the RBI, higher lending, and higher growth involves leaps of faith, each a step on the quicksand of false beliefs,' warns Debashis Basu.
'Wherever in the world there is political instability, those countries are beset with severe crises today. But India is in a much better position than the rest of the world due to the decisions taken by my government in the national interest,' President Droupadi Murmu said in her address to both Houses of Parliament.
'Success will require political skill, not just economic expertise'
'India's biggest loss is that we will not have anyone as principled and as courageous as Rajan.'
The partially convertible rupee closed at 61.77/78 per dollar compared to its close of 63.38/39 on Wednesday.
'Prime Minister Modi stated several times that we shall not let this challenge go away without converting it into an opportunity to undertake systemic reforms.' 'And hasn't that been reiterated in action?'
Former India cricket captain Bishen Singh Bedi said the appointment "defies all logic".
Growth in the third quarter (October-December) is expected to be the weakest in years, with spending hit due to unavailability of enough replacement currency.
'If the government spends Rs 10 lakh crore this year then you would be looking at a GDP growth of minus 5 per cent.' 'If you do not do this, you will be looking at GDP growth between minus nine and minus 10 per cent.'
IT exporters were the top gainers amid a weak rupee along with select index heavyweights.
YES Bank raises base rate; HDFC Bank, Axis hike deposit rates.
Markets taking cue on future rate cuts from RBI policy.
French stocks, particularly those exposed to the country's large tourism sector, are likely to suffer the biggest falls
Large urban co-operative banks may come to be solely under the provisions of the Banking Regulation Act, even as the smaller among them are to remain within the exclusive fold of the Registrar of Co-operative Societies. The upcoming changes will bring the curtains down on the vexed issue of dual control of UCBs, which has been in vogue for 54 years. The new framework will affect 1,551 UCBs in the country, which had a total business of Rs 7.36 trillion.
'A soft landing of the Indian economy would be a long-term positive for the equity markets.'
The Budget would preserve macro-economic stability.
The RBI's decision to raise repo and reverse repo (short-term lending and borrowing) rates by 25 basis points each to 5 per cent and 3.5 per cent, respectively, on Friday evening was aimed at anchoring price rise.
Historically, the RBI has tried to keep the crooks at bay by issuing a circular a day. What it needs is more onsite supervision. Merely checking high-frequency data with the help of technology is insufficient, notes Tamal Bandyopadhyay.
'Mostly, the relief, if needed, would be for housing loans where a person has lost a job and is unable to pay his EMI or there has been a temporary salary cut.'
With a sole mandate of inflation targeting, RBI wears many hats.
If indeed we want the board to manage the RBI, probably the government should take a close look at the US Federal Reserve system which has a two-part structure - a central authority in Washington, DC, and a decentralised network of 12 Federal Reserve Banks located throughout the country, says Tamal Bandyopadhyay.
RBI on Monday conducted an unprecedented level of liquidity infusion to the tune of Rs 3.3 lakh crore, in which banks bid for as much as Rs 4.5 lakh crore. The central bank said it would conduct a liquidity infusion auction of Rs 1 lakh crore on Tuesday as well, to help banks tide over the liquidity crisis.
