In a recent lecture, RBI governor Raghuram Rajan dished out some frank advice -- don't get into 'jugaad', instead try for the long haul. Only that will sustain in the long-run.
Expectations are high. There is a little bit of euphoria in India, says RBI governor.
All FIPB records will now be digitised; old and unnecessary files will be weeded out
'The temptation of governments, to have a finger in the RBI pie will be just too great to resist, unless extensive amendments are carried out in the RBI Act treating it almost as the fourth branch of the government.'
Rate sensitive sectors rallied the most led by banks while metals surged on rebound in commodity prices
'It's still very early. I have just been handed over the matter and therefore I haven't formed any views on it as yet,' Justice B N Srikrishna tells Pavan Lall.
The rupee had surged 37 paise to end at a nine-month high of 59.68 against the dollar on Tuesday. Forex market remained closed on Wednesday for 'Buddha Purnima'.
'Modi has shown political courage by instituting several economic reforms which include demonetisation, ushering in GST, eradication of benami transactions...'
On the revenue front, the finance ministry was expecting higher proceeds from non-tax revenue.
Markets have witnessed a gap down opening mirroring losses in the global equities with US markets taking a hit on worries about the health of Chinese economy.
China will also set up 50 joint laboratories with countries participating in the Belt and Road initiative to enhance cooperation on innovation.
Calling RBI Governor Raghuram Rajan's exit a 'bad omen' for the Indian economy, eminent economists and former policymakers on Sunday said it will be seen by the world as India's non-approval to a policy against inflation and bad loans.
'India-China economic ties are likely to take a hit in the wake of the new situation, but that also provides India with a new opportunity to strengthen its manufacturing base,' points out Dr Rajaram Panda.
The Street had factored in the NDA win, owing to which the appreciation in the rupee is expected to be limited
Bad loans continue to originate mainly from state-owned banks, where the top management's responsibility is not linked to career prospects nor has legal consequences, says Debashis Basu.
Capital goods shares continued to trade firm in late noon despite weak market trend on the back of encouraging core sector growth in February.
A glance back at some important events that occurred in 2018.
The 30-share Sensex ended 53 points higher at 28,439 and the 50-share Nifty closed 18 points higher at 8,494.
'The new government will have to contend with slowing economic growth, weak private investment, anaemic exports and vulnerable external imbalances, a stressed financial system, mounting fiscal pressures (including high government debt-to-GDP ratios) and an exceptionally bad employment situation,' says Shankar Acharya, former chief economic adviser to the Government of India.
State Bank of India's push among fellow bankers to appoint an external agency to run debt-heavy Bhushan Steel might not be smooth sailing.
Lower fuel subsidy payouts might restrict gross fiscal deficit in FY15.
Lower revenue collection puts upward pressure on government borrowing, ensuring that it deviates from the glided path of debt reduction
Deadline to submit convincing reform plans is this week.
She would be the first Indian to be occupying the coveted post at IMF after former RBI governor Raghuram Rajan
If the country is to meet its jobs and income challenge, there has to be a parallel focus on jobs in the formal sector.
The central bank has been intervening in the foreign exchange market by buying dollars, and this is capping the rupee's gains.
Finance Minister Arun Jaitley said RBI and the government are in continuous dialogue and that relationship will continue.
The long-term growth perspective or potential for India is one of the highest in the Asia Pacific region.
Urjit Patel as the new RBI governor whose focus is on taming inflation has lowered the probability of interest rate cut soon
Various twists and turns by govt post-demonetisation prove that it has been tall order for the PM
'That is not a democratic ideal obviously, but it is a practical reality.' 'It is a consistent feature of politicians in Pakistan that their rhetoric on the army softens the closer they get to the seat of power.'
While naysayers say the economy is on a downward spiral, optimists point out that India has experienced a shift of gears in the realm of policies, thanks to several initiatives of the Narendra Modi government, says Ashok K Lahiri.
The assumption clearly was that project execution timelines would be adhered to and revenues would flow in as scheduled.
'Modi is likely to make more announcements to win or retain popularity, and put himself at the centre of things even more than now,' says T N Ninan.
Corporate India at present is more indebted than all state govts put together.
'The Centre brought down expenses by as much as Rs 12,000 crore (Rs 120 billion).'
The 30-share Sensex ended down 215 points at 27,011.
India must have a "contingency plan" in place to ring-fence the country's economy if the political showdown in the US leads to a default on its international monetary obligations, industry body Assocham said.
The 30-share Sensex ended down 39 points at 26,265 and the 50-share Nifty ended down 1 point at 7,954.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances