Will the government now push to move away from what Mr Rajan has been doing in the last few years?
Bad loans of PSBs are at Rs 20 trillion. Most of it is, I sense, due to corruption and behest lending. Nobody pays a price for this charade. Not the promoters, the bankers, RBI officials, finance ministry bureaucrats or politicians, points out Debashis Basu.
Mr Modi, it came across, did not want to be seen as favouring any one business group.
India's latest GDP numbers do not signal robust economic growth in near term.
Dr Raghuram Rajan's departure holds lessons for all, be it sections of the media, politicians or the people themselves. We need to learn how to value and retain talent. At the same time the talented must realise that talent alone does not ensure the top job, says Sanjeev Nayyar.
Here's how the Bachchans spent their weekend.
A bench comprising Chief Justice N V Ramana and Justices Krishna Murari and Hima Kohli took note of the submissions of senior advocates led by Kapil Sibal that the several pleas of the Uddahav faction were to be listed on Monday.
The new Budget would do well to fill up the gaps and pave a strong way forward to ensure that the optimism surrounding it is not short-lived.
Search is on for reliable indicators of underlying activity.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
One is hopeful that if he becomes CM, Mr Thackeray will not be as trigger happy in calling for bans or encouraging outrage, says Uttaran Das Gupta.
The idea is to boost household savings and turn more of them into growth capital. If the plan succeeds, sustained eight per cent-plus rates of gross domestic product growth should be within reach in a few years.
DDCA joint secretary Rajan Manchanda, the only active office-bearer in the absence of president and secretary, has given instruction to shut down Kotla till further notice as multiple employees will now have to go for quarantine and contact tracing needs to be done.
'The finance ministry and public sector banks have tried to keep the names of wilful defaulters secret.' 'Secrecy and concealing information are inbred among banks and even the RBI,' observes Debashis Basu, editor, www.moneylife.in.
Sachin Tendulkar has recently made an equity investment of $2 million in digital entertainment and technology company JetSynthesys. The investment further strengthens Tendulkar's relationship with JetSynthesys, as the two already have an existing joint venture for a digital destination for all things cricket, called 100MB, and immersive cricket games Sachin Saga Cricket Champions and Sachin Saga VR. With this investment, Tendulkar joins the bandwagon of existing shareholders of JetSynthesys, who include Adar Poonawalla, Kris Gopalakrishnan, and the multi-billion-dollar family offices of the promoters of Thermax, Triveni Group, Yohan Poonawalla Group and DSP Group.
Recent data suggest that the economy isn't out of the woods, and the PM-designate must live up to high expectations.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
Investors with stalled projects and mounting bad debt will refinance their loans.
'Mr Modi would compliment a Nobel Prize winner, but members of his party or the government would not be restrained from either making unfair comments or criticising him for having offered advice to an Opposition political party,' says A K Bhattacharya.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
India and New Zealand will face off in a Davis Cup tie in September at the Chandigarh Lawn Tennis Association (CLTA) stadium.
'Mr Mehta's jousts with owners and politicians taught many in the trade that editorial freedom is not given, it has to be fought for daily, and seized, especially in these times when the borders between journalism and paid-for-content masquerading as the real thing has permeated almost every newspaper in the land barring a couple.'
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The former journalist claimed the National Investigation Agency had 'irrefutable evidence against senior RSS leader Indresh Kumar and it wanted to take him into custody for interrogation'.
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The stock market responded to his speech by going up by over two per cent; the rupee also gained in strength, by about 1.45 per cent, against the dollar.
The RBI governor has to convert the zero-sum game with the government from a non-cooperative one -- which his two predecessors had made it -- to a cooperative one, explains T C A Srinivasa Raghavan.
Stock market expert Rajan Malik offers some valuable tips.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
'It was one of the greatest learnings in my life to see someone like the great Amitabh Bachchan go through such a tough phase.' 'He had been there, done it all and really didn't need to prove himself.' 'Yet, he channelised it all and came out with one of his best performances,' Rakeysh Omprakash Mehra tells Savera R Someshwar/Rediff.com in a fascinating conversation about the films he has made and the actors he has worked with.
In an interaction with former Congress chief Rahul Gandhi on the impact of lockdown on India's economy, Rajiv Bajaj, MD, Bajaj Auto, said India tried to implement a hard lockdown which was still porous and ended up with the worst of both worlds.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
'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?'
Berkshire Hathaway annual meetings are most awaited.
Mistry is not the first Tata bigwig to be ousted and Tata is not the only big name which saw a doyen or two leave
The good news for us is that India's economy - and sentiment about it - is much better than it was a year ago, says Jamal Mecklai.
Tax expert Anil Rego answers readers' questions about how Finance Minister Piyush Goyal's Budget affects you.
Several of his lenders have a lot to answer for.
The new government would assume charge with swearing-in of Prime Minister designate Narendra Modi and members of his Cabinet on May 26.
'Your strike rate is very important when it comes to seat-sharing.'
From note ban result to Delhi's next L-G, a few things to look forward to.
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