Rajan, as expected, furthered his predecessors' agenda and continued with the same resolution to make India's financial system safer, and direct the economy towards further liberalisation
S&P in November ruled out an upgrade in the country's rating for some considerable period, citing India's low per capita GDP and relatively high fiscal deficit.
Has Vijay Shekhar Sharma given up on the bank? For now, he seems to be on a save-OCL mission. The bank will face its logical end, observes Tamal Bandopadhyay.
IMF attributes the slower growth rate to supply-side bottlenecks.
Reserve Bank Governor Raghuram Rajan on Thursday said the central bank will continue its focus on taming inflation, speeding up resolution of distressed projects and ensuring enough capital for banks through balance sheet clean-up.
The RBI will have to focus on constructive change to ensure growth.
The steep decline in commodity prices has reversed.
Finance Minister Arun Jaitley presented the Union Budget.
he reason behind the cut in policy rate seems to be a slowing economy
The country saw two straight years of deficient monsoons.
Stressed MSME borrowers would be eligible for restructuring of debt, if their accounts were classified standard.
Chaos in Parliament threw a spanner in the government's efforts to revive the economy and kick-start reforms.
Chief Economic Advisor Arvind Subramanian's interview.
The Budget would preserve macro-economic stability.
Reserve Bank of India Governor Shaktikanta Das tells Anup Roy, Raghu Mohan and Niraj Bhatt that it is time for banks to lower interest rates and start lending to cash-starved finance companies after due credit appraisal and proper risk assessment.
With EU, it is part of the FTA that we will need to negotiate.
Thanks to the recapitalisation by the government and measures taken by the central bank, collapse of any large housing finance company won't pose as big a risk as it had six months ago.
Opportunity for India to take leadership in economic diplomacy.
Modi govt says its economic score on all coutns is very good.
'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.'
IMF, which has also lowered its global economic growth forecast for 2016 and 2017 by a marginal 0.1 per cent to 3.1 and 3.4 per cent respectively, recommended six 'reform priorities' for India
Finance Minister Arun Jaitley on Monday presented the Union Budget for 2016-17.
It is time to shrug off the ideological shackles about the way we work, play and live, says Ajit Balakrishnan.
The fiscal deficit of the Centre remains a worry, running at over 6.5 per cent of GDP in April-September 2014, mainly because of revenue shortfalls from exaggerated projections in the government's July Budget and despite the relief on subsidies from lower oil prices.
"Reform is not an end in itself. Reform for me is just a way station on the long journey to the destination. The destination is the transformation of India," he said.
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'India is doing better than when we took office 17 months ago'.
NDA government has shunned populism.
Attired in his trademark half sleeves kurta and sporting a Rajasthani turban, Prime Minister Narendra Modi devoted a bulk of his 90-minute address on the occasion of the 70th Independence Day to presenting in effect a report card of his government's work particularly in boosting economic growth, ease of doing business and welfare schemes for the poor and farmers.
'The Budget has maintained fiscal prudence while announcing a number of steps to boost growth, particularly in infrastructure and rural sectors.'
With the weaker-than-expected agreement at the recent Climate Change Conference at Lima, there is an urgent need to highlight endeavours in civil society and business for a sustainable global economy with grassroots empowerment, say Rajni Bakshi.
This is the joint statement issued by the ministry of external affairs on the visit of US President Barack Obama to India.
Indian economy about to take-off
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