Raghuram Rajan joked he wasn't expecting to win any votes or Facebook 'likes' in the position.
Tamil Nadu Chief Minister J Jayalalithaa's political rivals are sharply divided over appealing against her acquittal in a disproportionate assets case that saw her return to power for a fifth time two days ago.
In an interview with Shobha Warrier/Rediff.com, he talks about the economic policies of the Narendra Modi government and whether achche din is really coming.
Here comes the moment of truth. Modi prides himself on offering an "incorruptible" government. Will he dilute the Prevention of Corruption (Amendment) Bill to coax the administration's fealty and compromise his self-image?
Against the backdrop of objections by some MPs, Civil Aviation Minister Ajit Singh on Tuesday strongly defended the Rs 2,058 crore (Rs 20.58 billion) Jet-Etihad deal, saying those opposing it were "long on politics and short on facts".
Prakash Javadekar's one year as India's minister of state (independent charge) of environment, forests and climate change has been an unmitigated disaster, says activist Himanshu Thakkar.
While he has plenty of critics at home, Rajan is a favourite among foreign investors and has been credited for bringing inflation under control.
'Four years into his tenure and Modi still has no idea what is wrong with the agriculture sector!'
India's growth, he said, remains resilient with low inflation, fiscal prudence and low current account deficit, talking about robust structural reform measures.
Rajan tells RBI colleagues he will be returning to academics
After helping the government in policymaking since October 2014, Chief Economic Adviser Arvind Subramanian is returning to academics and will be teaching at Harvard Kennedy School on a visiting position. In an interview to Dilasha Seth and Somesh Jha, he says the ease of doing business agenda needs to move forward and India must try to integrate with the global value chains. Edited excerpts.
Insolvency professionals feel the bankruptcy code will deter defaulters, but NPAs will not cease unless banks are sensitised on credit appraisal and experts are hired by banks to inspect what is happening with their loans.
Finance Minister Arun Jaitley witll spearhead the campaign with BJP President Amit Shah as its chief strategist.
While the FIPB has sought more transparency on whether the rules concerning effective control would be followed once the deal fructifies, the Finance Ministry has also written to Sebi for a report on the Jet-Etihad deal, official sources said Wednesday.
Members of Parliament (MPs) across the political spectrum have written to the Prime Minister's Office (PMO) and the Central Vigilance Commission (CVC), seeking a probe into a stake sale deal between Jet Airways (India) Ltd and Gulf-based carrier Etihad Airways.
'This is India, bhai. This kind of country does not exist anywhere in the world.'
The sacked water minister said that when he asked the Delhi CM about the cash, he was told 'said few things in politics cannot be explained'.
In a Q&A with Doordarshan, Jaitley discusses how he chose the areas on which he would spend more.
India's existing web of federal and state sales taxes is levied at different stages of the supply chain and often results in double taxation, while forcing trucks to spend nearly a quarter of their road time in border checks or other inspections.
N Sundaresha Subramanian digs deeper into what Catalyst, an Indo-US project, brings to the payments ecosystem.
Accusing the government of spreading misinformation in the National Herald case, the Congress said it was proud to be associated with the newspaper that stood up in pre-independence times against the British for throttling free speech, similar to the present day climate.
Finance Minister Arun Jaitley has said that the states were free to announce farm loan waivers if they had the fiscal space and that there would be no shortfall this year in divestment and non-tax revenues.
A strong proponent of the GST, Adi Godrej has been saying for five years or more that it will add one per cent to India's gross domestic product (GDP).
Non-uniform definition of control makes foreign investors wary, raise corporate governance issues.
A moderate GST rate obviates the need for the two-rate structure.
'This is an emotional issue and cannot be resolved by law alone.' 'This can be resolved only by creating trust again.' 'So much bloodletting has taken place, there is no point in going on and on.' 'Let us sit together and negotiate'
Raghuram Rajan rejected the argument that inflation has come down largely because of "good luck" stemming from low oil prices.
Ten-time Everest summiteer Tendi Sherpa tells Rediff.com contributor Anusha Subramanian why he cancelled his international climbing assignments to be with his community in the worst affected districts of earthquake hit Nepal.
The murders of journalists in 2015 underscore the rising power of regional language media, especially local-language newspapers, says Nilanjana S Roy
The Modi PMO is like none other: It is staffed by people who are so low profile that the only dominant personality is the Prime Minister's.
The families of the Muslim youth from Hashimpura who were shot dead 28 years ago had some committed supporters in their long struggle for justice.
'I have seen in action six prime ministers and ten chief ministers, considered stalwarts in their days, and it is the first time, in all my experience, that a prime minister has gone into such great detail, laying down even the standards of cleanliness that should be maintained in all offices,' says B S Raghavan, former chief secretary, West Bengal.
A glance back at some of the important ups and down Indian Inc faced in 2018.
Even a 6 percent vote-share would make AAP an important player on the national scene. The key lies in strategically concentrating AAP's vote, especially in the cities, so that it can break Narendra Modi's momentum, besides defeating an already weak Congress, says Praful Bidwai.
Mr Modi must stop talking, and start writing
Chief Economic Advisor Arvind Subramanian's interview.
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.
Once these banks start showing losses, they will not be able to pay dividends to the government nor pay taxes, which will further aggravate the situation for the government as its return on investment as an investor would be very negligible for the next few years, says M V Subramanian.
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The best way to put the economy back on track is to abolish income and corporate taxes, as this will not only raise confidence but also increase savings and boost growth, the Bharatiya Janata Party's Subramanian Swamy tells Faisal Kidwai.
'It will be interesting to see how Dr Patel handles gadflies with the maturity of egregiously petulant three year olds.' 'That Dr Patel does not, in so far as we can tell, cause society matrons to gush like hormonal teenagers can only be a good thing for him.' 'Look where their febrile imaginations and breathless prose took his predecessor.'
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