Pawar asked Modi why he was daring Opposition leaders to bring back Article 370 of the Constitution after it was nullified by Parliament in August.
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
Over the short to medium term, valuations are more likely to move down than up.
Most immediately, he pledged to move slowly if needed in winding down an oil window that provides dollars directly to state-run oil companies
The rupee appreciated by 0.27 per cent in June against the dollar.
SBI is the first major state-run bank to hike lending rates after short-term rates rose as a result of the Reserve Bank of India's liquidity tightening moves announced in July.
Raghuram Rajan remains focused on a long-term inflation target of 4 percent.
Raghuram Rajan speaks on the unscheduled rate cut.
Unless Dr Urjit Patel starts clearing the balance sheets of banks, the investment cycle will not start. Unless the clog in the drain is cleared, further lending cannot happen. If further lending doesn't happen, the investment cycle also will not happen, writes M R Venkatesh.
A specialised force with 1,000 personnel to be formed in the state for the same.
Barry Eichengreen, professor of economics and political science, University of California, Berkeley, analyzes the transparency of the Reserve Bank of India, the growth rate of the Indian economy and why he feels globalisation can never be rolled back.
One can expect significant changes at India's banks in ensuing months.
The MPC states that the 4 external members will have a tenure of four years each.
Companies are still struggling to recover from years of exuberance.
A Reuters poll showed only one out of 51 economists had expected a 50 basis points rate cut.
If the RBI governor's logic holds, the rupee is far from being extremely overvalued.
It is the six per cent target RBI is more concerned about.
Global liquidity expected to continue amid ECB stimulus
The government is set to carry out a performance review of companies that have opted for corporate debt restructuring (CDR).
M V Subramanian says there is an imperative need for collective responsibility to tackle inflation, prices and availability of essential commodities, and not rely on inflation targeting alone.
Bankers said high interest rate could make Indian economy sluggish given that inflation is around 5%
The repo rate has been unchanged since January, when the RBI increased it by a quarter percentage point.
India's banks rely on overnight borrowings to fund longer-term lending.
It is difficult to say if the banking sector will see the worst behind it by March 2020, warns Tamal Bandyopadhyay.
While Raghuram Rajan has said in the past that other factors, including domestic fundamentals, outweigh the US Fed policy meet, this time it would be different
Although the RBI is not statutorily independent from the government, Rajan, like previous RBI Governors, has long valued his independence.
'The finance ministry and public sector banks have tried to keep the names of wilful defaulters secret.' 'Secrecy and concealing information are inbred among banks and even the RBI,' observes Debashis Basu, editor, www.moneylife.in.
'Here, after all, was a fine specimen of intelligence in the field that Adam Smith gave formal structure. And successful RR surely was as RBI chief.'
Nationalisation has served its purpose. It's time to move ahead, keeping majority ownership of the government in a few banks to serve the people, argues Tamal Bandyopadhyay.
CRR to remain unchanged at 4.00 pc this fiscal
A majority of economists predicted RBI Governor Raghuram Rajan would leave policy rates unchanged on Tuesday and expected a dovish commentary, as crude oil prices and inflation cool off.
Earlier, maverick right-winger Subramanian Swamy had demanded the sacking of Jaitley's top aide
Overhauling India's bloated and often sluggish state banks is critical for the government
Traders believe the RBI will step in more strongly, if the rupee starts falling towards 65
As per latest government data, retail inflation inched up to a 22-month high of 5.77 per cent in June.
Subbarao said he would be "ok" if a sovereign bond issue in foreign currency is done once just to test the waters, but cautioned against using the instrument regularly.
RBI has taken a balanced approach in the credit policy considering various developments across the globe and their near term impact.
Currently, foreign lenders are present in India only through branches or representative offices.
We may now be experiencing the darker side of the massive monetary stimulus of past years, said Rajan.
Bankers back the new bankruptcy code, which would impose debt deadlines on failed firms and foresees up to five years in jail for debtors who conceal property or defraud creditors
