Rajan's exit will neither affect the RBI's de facto independence nor its working.
'From where prime ministers sit, it makes no difference at all who occupies the governor's post.' 'Literally anyone with a decent education or work experience can be appointed to the job, which is basically a managerial one with little room for manoeuvre,' says T C A Srinivasa-Raghavan.
The Cabinet Committee of Economic Affairs has approved a hike in gas prices from April 2014.
From a national point of view, inflation is the biggest threat posed by finance ministers.
These figures are based on purchasing power parity of 2005.
'The Indian economy has been subsidised by the poor.'
There is lack of scientific basis in computing the poverty line, says govt.
If the EC decides to put on hold a gas price revision for RIL, it would set a precedent for pricing decisions of the government and policy decisions taken but undergoing procedural delays.
'...Unless we muck up our policies.' 'We have to become a modernised economy.' 'Our institutions should be stronger. And that is most important.' 'The rule of law should prevail and contracts should be enforced.' 'Above all, we have to recognise the importance of globalisation.' 'It is in our favour at this stage. We should grow and become globally competitive.'
Says licensing of new banks should be a continuous process instead of the current stop-go system
The size of the hole in today's banking crisis appears to be roughly 10 per cent of GDP.
In 2012-13, the Centre managed to cut fiscal deficit to 4.9% of GDP, lower than the Budget revised estimates of 5.2%
Issuance of new bank licences proves that the apex bank wants the financial sector to flourish.
The World Bank said improved infrastructure, specifically rural electrification, has had far-ranging effects
Rajan, as expected, furthered his predecessors' agenda and continued with the same resolution to make India's financial system safer, and direct the economy towards further liberalisation
Rajan tells RBI colleagues he will be returning to academics
Duvvuri Subbarao recounts how his tensions with P Chidambaram and Pranab Mukherjee, then finance ministers, over monetary policy spilled over into other issues in the central bank in this excerpt from Who Moved My Interest Rate?, his memoir of his term as Reserve Bank of India governor.
Gas pricing guidelines stipulate that a new gas price will apply to all producers except RIL.
This has spelt trouble for the mills. Most of them are unable to pay the farmers.
A reformed Planning Commission should reflect the diversity of Indian debate.
The state government has formed two committees under the chief secretary and the cane commissioner on the matter.
'The Reserve Bank's independence has remained a work in progress, an enduring challenge that the nation has been grappling with on an ongoing basis,' says RBI Deputy Governor Dr Viral Acharya.
In putting the country's economy back on the rails, it is best that Narendra Modi and Arun Jaitley draw on grass-roots feedback and their own practical sense and native wisdom without allowing themselves to be sucked into the quicksand of economic punditry, says B S Raghavan.
The commission asks for notification to be deferred; RIL's KG-D6 pricing issue may return to Cabinet
FM needs to convince Indians to invest more in stocks.
A day after deciding to nearly double natural gas prices to $8, Finance Minister P Chidambaram on Friday hinted that power and fertiliser units may get gas at subsidised rates to keep electricity and urea costs down.
'Let us also not expect that there will be a clean break with the past, much though the new government might like to think about it. In a functional democracy that is neither feasible nor desirable. But basic change it must be,' says Shreekant Sambrani.
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