India's banking sector, dominated by more than two-dozen state-run lenders, has been hobbled by its highest bad-loan ratio.
Rajan said an interest rate cut won't by itself lead to higher economic growth
An investigation by the government into whether Wal-Mart Stores Inc violated local investment rules in 2010 has been referred to the Reserve Bank of India (RBI), officials familiar with the matter said.
Modi will also need to reconcile market demands with those from forces within his own administration
Retail inflation has eased from double digits in 2013.
While a pick-up in summer monsoon rains in recent weeks is expected to cool food inflation, most analysts don't anticipate another rate cut before a new governor is on the job
Urjit Patel's reappointment will raise market hopes that Rajan, will also be offered an extension when his tenure ends in September.
India has asked refiners that owe about $6.5 billion to Iran for oil imports to build up dollar and euro balances to avoid downward pressure on the rupee if six world powers and Tehran reach a final nuclear deal.
Indian Economy poised for growth, say experts.
From parity in 1980, China's economy has outgrown India's fivefold to $10 trillion
There's a lot of action on the OTT front as well as in theatres.
Most immediately, he pledged to move slowly if needed in winding down an oil window that provides dollars directly to state-run oil companies
Benchmark 10-year bond yields hit a 13-month peak as bond traders priced in more aggressive monetary easing next year.
The first signs of growing bonhomie between Modi and Rajan came early last year, when Modi called Rajan the "best teacher" for explaining complex economic issues to him.
Facing flak over its decision to impose tax at the time of withdrawal on 60 per cent of the contributions to Employees' Provident Fund, the government on Tuesday clarified that only interest accrued on 60 per cent contribution to EPF after April 1, 2016 will be taxed.
Other composers tried their luck with Paisa Yeh Paisa, but Director Indra Kumar wasn't happy with the outcome. '"Induji asked us to try and we are glad we did because the song has turned out too good!"'
A Molotov cocktail of lies, abuse and bigotry is blowing up social media.
Ajit Mishra, Vice President, Research, Religare Broking, answers readers' queries on stocks they own or want to buy.
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