"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.
Lionel Messi reclaimed the FIFA Ballon d'Or award for the world player of the year on Monday from his great rival Cristiano Ronaldo who had walked off with the award for the previous two years.
After Arunachal Pradesh slipped out of its control and Uttarakhand was placed under President's rule, the Congress president took matters into her own hands.
About Rs 5,600 crore (Rs 56 billion) of investments of some 13,000 investors are stuck in NSEL. Despite reports from several internal committees of regulators and investigative agencies pointing to fraudulent activities, there hasn't been any substantial enforcement action against the exchange or the officials.
Running highlights from FIFA's congress. World soccer's governing body has voted on a series of reforms and will elect a new president later on Friday (all times GMT): 13.30 The voting process is proving a long, drawn out affair. After an hour's voting, we have crawled to L for Latvia with little to get excited about apart from the brief appearance of Davor Suker, Golden Boot winner as the top scorer at the 1998 World Cup, as he cast Croatia's vote. Time then for a reminder that for a candidate to be elected in the first round, he must obtain at least 138 votes, two-thirds of the 207 votes cast. If this does not happen, a second round is held. This time, a simple majority -- 104 votes, which represents more than 50 percent of the votes -- is sufficient for a candidate to be elected. If no candidate gets that majority, the one with fewest votes will be eliminated and a new round will be held. This continues until one candidate obtains a majority. 12.45. Having begun his speech by promising to "die with my boots on", Sexwale ends it by withdrawing from the race, "I have got a surprise for you. My campaign ends today and I suspend my participation. With only four people it is your problem now." Markus Kattner, FIFA general secretary then reminds delegates of the voting procedure, reminding them not to photograph their ballot papers.
That is bad news for officials taking part in discussions at the International Monetary Fund and World Bank meetings this week.
'The CM seems to have forgotten that she is dealing with the Gorkhas, people known for their valour and loyalty to India.' 'It is shameful that Mamata Banerjee and her administration treated them like insurgents, choosing to use live bullets instead of other ways and means to control crowds.'
The estimates of national income and growth do not pass the 'smell test'.
'If you put colour-coded internal security maps of India in May 2014 and now, the picture won't be flattering to Modi.' 'Failures on internal security are now piling up and can break Modi's momentum,' says Shekhar Gupta.
Furious with the current logjam in the suspended Indian Boxing Federation, the International Boxing Association has terminated the IBF from its fold stating that the current set of office-bearers are "damaging the image, reputation and interest" of the sport.
On one hand, Limaye will have to battle legacy issues, while, on the other hand, he will have to ensure that the exchange is able to maintain its leadership position.
Voters are disillusioned with the two rival fronts in the state and there are no effective alternatives either. G Sreedathan explains
The proposed changes in Long Products business will predominately affect management and administrative functions at sites in Scunthorpe, Teesside and Workington.
Is Modi trampling upon senior BJP colleagues while taking decisions? How come Team Modi underestimated the political action-reaction when they were upsetting and uprooting the BJP's founding fathers L K Advani and Murli Manohar Joshi in the ticket distribution process?
'The hour is very late, and the choice between triumph and tragedy knocks at our door,' says Ajay Shah.
News of all that's transpired on and off the football field
Summers dogged by controversies over past views
News of all that's transpired on and off the football field
'Arvind's face fell... He started to say something, but couldn't continue. He broke down and as the tears fell unheeded, he crumpled to the floor.'
As the issue becomes increasingly politicised and accusations are traded on national television, the average Delhi resident suffers debilitating blows from viral fevers, writes Manavi Kapur.
Investor forum wants govt to take over exchange, raises doubts on claims of matching stocks; NSEL says default by brokers to be dealt with legally.
News of all that's transpired on and off the football field
There were many who had reposed faith in the Narendra Modi government for expeditious action but are today beginning to feel disillusioned, notes Jitender Bhargava.
While all poll surveys point to an overwhelming anti-Congress mood in the country, there is a growing consensus in the grand old party that it has no reasons to be defensive and should instead run an aggressive campaign against Bharatiya Janata Party' prime ministerial candidate Narendra Modi by questioning his administrative acumen and underlining the corporate support he enjoys, says Anita Katyal
He endorsed transparency and financial stability in addition to issues related to inclusive growth and development, write Puran Singh and Nupur Pavan Bang.
'If my understanding is correct, one has to file not less than 37 returns per year for every ordinary business, and that too per state.' 'If you are doing businesses in Chennai, Bangalore and Hyderabad, you have to file 37x3 returns every year!' 'The consequence of GST will be chaos, confusion and possibly economic crisis.'
'There is no difference between the earlier government and the present government.' 'They are all following the economic policy based on the Chicago School of thought.' 'This school of thought says the government should have very little role in governing the country and the majority of the work should be handed over to the private sector.' 'This has not succeeded in the US.' 'Yet, it is being tried here by people like Arvind Subramaniam, Arvind Panagariya, Urjit Patel and Raghuram Rajan.'
Early reform of the United Nations Security Council, terrorism and peacekeeping will be among the main issues that India will pursue during the world body's General Assembly session, Indian ambassador to the UN has said.
Rajan tells RBI colleagues he will be returning to academics
From the Aadhaar verdict to #MeToo's arrival in the country to the entry into the Sabarimala temple -- India had a newsworthy 2018. As we step into 2019, these are the top moments from the year gone by.
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.
Modi today needs BJP CMs and non-party regional leaders to win votes and build alliances, but he will over-rule them and treat them like dirt once they have served their electoral purpose. Make no mistake: Modi is incurably authoritarian and will brook no dissent -- so long as the RSS is on board, says Praful Bidwai.
British India Corporation employs about 1,800 people
Coal workers across the country have resumed work after a two-day strike and promised to make up for an estimated 1 million tonne production loss, as the government assured that state-run behemoth Coal India will not be privatised and employees' interests would be paramount.
'The Modi regime, after experimenting with its own versions of neighbourhood policy for 18 months, has now reached the exact stage where the Manmohan Singh government had left it in so far as our Pakistan policy is concerned,' says former senior RA&W officer Vappala Balachandran.
Former Delhi Chief Minister Sheila Dikshit may not be contesting the assembly polls, but she is very much in the thick of preparations for the Congress. Dikshit tells Kavita Chowdhury that she is not interested in any post in Delhi politics but does not rule out a role at the national level in the future.
From farmers to cement, steel, logistics, transportation and automobiles, the back-end is struggling to get going due to the liquidity crisis.
The SC also ordered the National Accountability Court to start a corruption case against Sharif, his sons -- Hussain and Hassan -- and daughter Maryam.
While it will most certainly impact his personal credit record, it will also have repercussions for his other businesses and companies he is associated with.
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