Jaitley also hinted that these very economic realities could decide whether the government sticks to a fiscal consolidation roadmap or not.
Rajan, who has also served as chief economist at the International Monetary Fund (IMF), said he had no idea what statistics are pointing at currently and "a revamp" was needed "to really figure out what India's true growth rate is".
Bharatiya Janata Party President Amit Shah on Tuesday suggested that it will take some time before the Narendra Modi government fulfills its development promises, saying the previous United Progressive Alliance dispensation had left behind a 'big ditch'.
Honda Siel's mid-size car City, Ford's Endeavour sports-utility-vehicle and Bajaj Auto's Wind motorcycle bagged the top honours at the 3rd CNBC Autocar awards in New Delhi.
Rajan said the process of dialogue with the government did not reach a stage where he could have agreed to stay on
The proposal of the totally foreign-owned STAR TV for uplinking from India for a 24-hour news channel has been pending before the government, sources said.
A lot of my decisions are based on idealism, says N R Narayana Murthy
India and China are aiming to double their bilateral trade to about $10 billion by 2005.
Ramesh Shrichand Damani feels that steady retail buying could provide a strong, broad-based boost to the Indian stock markets.
The Finance Ministry's Economic Survey had projected a growth rate of 7-7.75 per cent.
Apple Inc Chief Executive Tim Cook publicly came out as gay in an article he wrote in Bloomberg Businessweek.
The new government would assume charge with swearing-in of Prime Minister designate Narendra Modi and members of his Cabinet on May 26.
The RBI cut rates for third time in 2015 due to favourable economic conditions.
The government has changed the criteria for infusion of capital.
President Donald Trump talked to the Saudi King, during which the latter flatly denied having any knowledge of the missing journalist.
Kudlow, who served as Trump's informal economic adviser during the 2016 campaign, is a well-known conservative voice.
In the mid-quarter monetary policy review last month, RBI Governor Raghuram Rajan had left the key policy rate unchanged, after raising it 50 bps in two instalments since he took over on September 4, saying he was waiting for more data clarity.
Jaitley said inflation has been under control for long and is likely to remain so on the back of good monsoon and unlikely spike in oil prices.
Nikkei is one of the largest media houses in Japan.
'For the RBI, for a central bank, reputational risk is the worst risk.' 'Credibility is the worst risk,'
Due to major policy reforms announced recently by the government, India is poised for good growth.
The deficit for April-June was at $21.8 billion or 4.9 per cent of GDP.
RBI lowered economic growth for the current fiscal to 6.9 per cent from the previously projected 7.1 per cent, but saw it bouncing back in a big way to 7.4 per cent in 2017-18.
Frosty Indo-Pak relations after the beheading of Indian soldiers by Pakistani troops were on full display in Yokohama, Japan.
Flipkart's model is a money guzzler
On Monday, Reserve Bank hiked the lending rates to banks by 2 per cent to 10.25 per cent.
Infosys CEO Vishal Sikka on Wednesday said the founders of India's second largest IT services firm Infosys still remain committed to the firm and the sold stock will be used for philanthropic purposes.
Ravin Gandhi wrote an op-ed for CNBC following Trump's Charlottesville remarks but was quickly trolled and racially abused by readers.
Shadow of elections may overshadow political consensus at GST Council meetings.
Reserve Bank Governor Raghuram Rajan expressed confidence in India's growth and said the country is on target to meet Jan inflation target of below 6%.
National Spot Exchange Limited, promoted by Jignesh Shah-led Financial Technologies, is facing payment crisis of Rs 5,600 crore (Rs 56 billion).
Infosys, country's second largest software services firm, has not made any profit on government projects because of red-tapism and other issues, its co-founder N R Narayana Murthy said.
Reserve Bank Governor Raghuram Rajan on Tuesday said the government's target of reducing the current account deficit (CAD) to $70 billion or 3.7 per cent of the GDP in 2013-14 is "imminently reachable".
More people from the content side should be running the business of media if the industry has to grow, Bloomberg's Parry Ravindranathan tells Vanita Kohli-Khandekar.
The US Citizenship and Immigration Services will determine from today the allocation of visas -- highly popular among IT professionals -- through computerised draw of lots.
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