New SDR norms allow promoters to manage debt-laden firms.
The government's step to curtail fiscal deficit is helping the central bank's monetary policy, Rajan said.
The finance ministry is not only keen to split the roles of CMD, but also wants to appoint them for a fixed tenure of five years.
Sensex lost 76 points to end at 25,589 while Nifty shed 23 points to end at 7,649.
Firms generated free cash flows in 2013-14, for the first time since the 2008 Lehman crisis
India's banks are propping up too many weak producers.
The RBI should provide readily accessible summary information on its website about all corporate debt defaulters and the amounts involved.
The market could be influenced by events elsewhere in the world and regardless of what happens to India's economy
In an interview with Business Standard, Arundhati Bhattacharya says she expects stalled projects coming back on track in two quarters.
'There is no difference between the earlier government and the present government.' 'They are all following the economic policy based on the Chicago School of thought.' 'This school of thought says the government should have very little role in governing the country and the majority of the work should be handed over to the private sector.' 'This has not succeeded in the US.' 'Yet, it is being tried here by people like Arvind Subramaniam, Arvind Panagariya, Urjit Patel and Raghuram Rajan.'
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