The central bank deputy chief said on Monday that the monetary authorities were unlikely to lower the repo rate from the current five per cent for quite some time.\n\n\n\n
RBI Deputy Governor Rakesh Mohan said drastic reduction in subsidies on power, railways and water supply in urban areas is needed to maintain a steady 8 to 8.50 per cent growth.
'This is clearly a much stronger government, a much strong Prime Minister's Office and a much more disciplined approach. There is an improvement of the work culture in the government -- people don't play golf in the mornings anymore. There is a huge attempt going on to making business easier,' says Rakesh Mohan, executive director at the IMF.
Here is some background on the candidates seen as potential successors to Rajan at the RBI
As many as 28 legislators, including former Union minister Prahlad Patel and Bharatiya Janata Party national general secretary Kailash Vijayvargiya, were on Monday inducted into the Madhya Pradesh cabinet led by Chief Minister Mohan Yadav.
Indian Council of Medical Research had also recommended the use of hydroxychloroquine for treating healthcare workers handling suspected or confirmed coronavirus cases and also the asymptomatic household contacts of the lab-confirmed cases.
The Bharatiya Janata Party's first list of 24 candidates for Lok Sabha from Madhya Pradesh featured former chief minister Shivraj Singh Chouhan and Union minister Jyotiraditya Scindia, while Bhopal MP Pragya Singh Thakur was replaced by another candidate.
At the Silkyara tunnel in Uttarkashi, at least 12 experts have been called by Trenchless Engineering Services Private Limited and Navayuga Engineers Private limited for applying the rat-hole mining technique horizontally in the collapsed part of the main structure.
The BSP has not entered into any alliances and has also been keen to shed the tag of being a 'B-team' of the BJP.
Producer Madhu Mantena got married to yoga guru and Rediff.com Contributor Ira Trivedi on June 11 in Mumbai, and threw a star-studded reception to celebrate with their friends.
Rehana Sultan was all set to be a path-breaker. The time was right. Hindi cinema had emerged from the 1960s musicals era. But somehow, leading film-makers of the time did not believe Rehana had that cachet. It was Zeenat Aman who ended up being the definitive taboo-trasher of the era. Dinesh Raheja salutes the trendsetter of the 1970s, Rehana Sultan.
Rakesh Ranjan reveals how his mother Samita Ghosh braved difficult odds to teach students in a small school in Bihar.
Traditionally, Prime Minister picks the RBI Governor after consultation with the finance minister.
The Bharatiya Janata Party on Monday released its second list for the upcoming assembly polls in Madhya Pradesh, fielding three Union ministers.
Experts recommend awaiting the findings of the 2021 Census, which is yet to be conducted, before introducing population control policies.
Panagariya, who heads the government's main economic advisory body NITI Aayog, is also India's Group of 20 summit negotiator
'It is necessary to have a person at the top who can make strict decisions without hesitation. Modiji has done that.'
Most central banks across the world have around 5-7 years of tenure for the governor and deputy governors.
India will export anti-malarial drug hydroxychloroquine, high in demand globally, only to foreign governments and not to private companies, as the product is under prohibited or banned category of exports, sources said. Although exports of this medicine is completely banned, India has decided to export this anti-malarial drug in sync with its global commitment to deal with the coronavirus pandemic.
India's export basket for Pakistan has a limited portfolio as Pakistan has not given 'most favoured nation' status to New Delhi and such goods have ready market in South Asia and the Middle East.
Indeed, there were frauds, and the politician-banker-industrialist nexus played a role in the rise of NPAs, but governance issues in Indian banking are far more nuanced and complex, reveals Tamal Bandyopadhyay.
Forced into the confinement of jail after his bail plea was rejected, self-styled godman Asaram Bapu on Wednesday sought for his routine diet, gangajal and a special bed besides other facilities which were denied by the jail administration.
Removal of this status means India can now enhance customs duties to any level on goods coming from Pakistan.
Modi will also need to reconcile market demands with those from forces within his own administration
A high-level panel led by former RBI governor Bimal Jalan, set up to decide the appropriate capital reserves that the central bank should maintain, on Wednesday finalised its report.
India needs to make use of this opportunity to significantly enhance its exports especially in information and communications technology and the automotive sector.
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The development comes after the National Democratic Alliance government this year broke a 92-year-old tradition of presenting a separate Railway Budget, according to suggestions made by the Debroy committee.
The agency has booked Sisodia, a 1992-batch IRS officer Sukesh Kumar Jain who was then secretary of vigilance, retired CISF DIG Rakesh Kumar Sinha who was working as special advisor to Chief Minister Arvind Kejriwal and joint director in the Feedback Unit, they said.
Acharya emphasised that the time is "really ripe" for land, labour and agricultural reforms in India.
We have a government with an extremely weak economic team advising a PM who hardly pays attention to their thoughts, says Jayanta Roy.
Dr Rakesh Mohan, former RBI deputy governor, and Dr Pronab Sen, former chairman of the Indian Statistical Commission discuss the issues facing the Indian rural and manufacturing sectors and what the government must possibly do to improve demand and perk up the Indian economy
As one moves towards Vadnagar, local issues such as high prices of cattle feed and inflation becomes louder.
DBS called Rajan's decision not to seek an extension as a 'negative surprise'.
The pipeline for well-qualified and experienced policy economists at senior levels of government has broken, leading to a growing dearth of suitable candidates for top economist positions.
Political analysts say the Congress's approach of taking the marginalised sections together has helped it in winning tribal-dominated seats, while the BJP will have to do a rethinking to win in Vyara, considering the social dynamics in this aAssembly segment.
Kaushik Basu, whose stint at the World Bank ends on July 31, was being looked at as a serious contender, the sources said
'This is happening regardless of the Budget.'
Filmmaker J Om Prakash passed into the ages on Wednesday morning. He was 92.
The ones who came more recently were clutching the green cards that gave them an escape hatch through which to return to green pastures: Arvind Panagariya, Raghuram Rajan, Arvind Subramanian and other perfectly honourable gentlemen like them, points out T N Ninan.
