'Trust your new governor,' Omkar Goswami advises RBI Deputy Governor Viral Acharya. 'Just because he is from the IAS and doesn't carry a PhD from a US university does not make him unsuitable for the task.' 'If anything, Das will pour oil on troubled waters, and save the RBI's reputation.'
In a blistering attack on Bharatiya Janata Party prime ministerial candidate Narendra Modi, Rahul Gandhi on Monday dubbed the Gujarat model propagated by Modi as a 'toffee model', saying it has only benefited one industrialist in the state, ignoring the interests of farmers and the poor.
As inflation rate is near the upper limit of the comfort zone, experts rule out rate cuts anytime soon
The going is not going to be easy for the DMK and its allies in Elections 2024. Despite the seats sweepstake in the 2021 assembly polls, the vote-share difference of 5.6% (DMK's 45.38% versus AIADMK-BJP's 39.72%) is not insurmountable on a bad day, points out N Sathiya Moorthy.
This is the second high profile resignation in the past six months at the Reserve Bank of India.
Verification of 733 persons under the four categories of bedridden, mentally challenged, physically handicapped and those suffering from cancer has been completed, Kasaragod collector said.
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.
However, the government is readying a relief package and it could include a cut in the licence fee to 5 per cent, two years' moratorium on paying spectrum charges with interest, and referring the GST tax refund issue to the Council.
'OPS did not back off.' 'He wanted transparency and he got it.'
Rajan also did his bit by taking steps to protect the currency against speculative attack as did the government in curbing gold imports and bringing the Current Account Deficit
Most central banks across the world have around 5-7 years of tenure for the governor and deputy governors.
Analysts expect the central bank to remain watchful of inflation.
Rajan said it was important that the government and the RBI be vigilant to the growth scenario.
investors will look to the new governor to continue the banking sector clean-up with the same urgency as Mr Rajan, who was targeting fully cleaned-up and provisioned balance sheets by March 2017
Either Hyderabad or Rajkot may host India's maiden day-night Test match when the West Indies will arrive for a tour, later this year.
Shifting its stance of monetary policy towards targeting retail inflation as it is an "inequitable tax", RBI today said it may exceed 8 per cent by March end and efforts will continue to bring it down.
RBI will take a cue from the Fed policy statement.
Rajan drew attention towards the Nachiket Mor committee on PSL and said that the RBI is trying to make the entire process more effective.
Rajan Mittal, was removed from his post during the term of the Akhilesh Yadav government following complaints. But he was reinstated when the BJP government came to power last year.
A day after Bihar Chief Minister Nitish Kumar slammed the United Progressive Alliance government for shelving the special status demand at the behest of its 'natural' ally, the Congress hit back charging him with misleading the people on the issue and instigating them against it.
Twenty-six entities, including the Tatas, Aditya Birla Group, Anil Ambani-led Reliance Capital and Religare, apart from India Post, applied. Videocon Group, later on withdrew its application.
The probe into selections for banks such as Bank of Baroda and Canara Bank followed the arrest of Syndicate Bank CMD S K Jain for alleged graft.
The principal challenge for Rajan's successor is to work with the Bank Board Bureau and the finance ministry to complete these processes of banking reform.
Tracing the development of the Mahindra XUV 500, the company's first four-wheeler to be fully styled in India.
In a string of tweets and replies, Swamy also said that GST can be implemented only if the Supreme Court clears a petition on levy of entry tax
Amid demands for special category status by Bihar, the Centre on Wednesday set up an expert committee to evolve a composite index to measure backwardness of states.
RBI also retained its GDP growth forecast at 7.6 per cent
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
This gains importance in the backdrop of speculation on a second term for Raghuram Rajan.
The RBI governor-designate may be economical with spoken words, but is known for his sharp and critical writings
Interview with former Reserve Bank of India governor by Duvvuri Subbarao.
The deputy chief minister and senior Bharatiya Janata Party leader Sushil Kumar Modi on Tuesday said the Central government was unlikely to deliver special status to Bihar before the general elections.
'This is not Ahmedabad Gymkhana but people's house'
he reason behind the cut in policy rate seems to be a slowing economy
Tomorrow's review could also turn out be the last policy anchored by Rajan if the proposed Monetary Policy Committee (MPC) is put in place before the next review due on August 9.
The message to bankers from Raghuram Rajan was clear.
Highly-placed sources in the government say that none of the senior ministers had any inkling of Patel's resignation
Apparently targeting the BJP for the recent panic buying of salt in the state, Bihar Chief Minister Nitish Kumar claimed that those who offered milk to Lord Ganesha were testing the effectiveness of their rumour mills.
Unlike the regimes of Jayalalitha, Palaniswami and Karunanidhi, ministers are actually getting to make decisions on their own, with the unmentioned rider that they would be held responsible and accountable, observes N Sathiya Moorthy.
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