RBI is expected to discuss about the impact of GST in its monetary policy.
'Raghuram Rajan is a wonderful economist, but he is not a wonderful Indian economist.' 'He doesn't understand India in the granular form.' 'India exists only from Delhi to Nariman Point for him.' 'India is much, much bigger and complex.' 'The new RBI governor shouldn't get ready to open his umbrella when it rains in America'
The inflow of cheap capital has also kept the rupee at a high level, making exports uncompetitive and broadening the current account deficit despite falling oil prices.
While Manmohan Singh had to deal with high oil prices, inflation and trade deficit, Narendra Modi is lucky as major threats have receded, says T N Ninan.
'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.
'She will recognise the talent of the Indian-American community.'
This gains importance in the backdrop of speculation on a second term for Raghuram Rajan.
To cut interest rates, the central bank head has to open up a debate on inflation target revision.
Issuance of new bank licences proves that the apex bank wants the financial sector to flourish.
A Delhi court on Wednesday allowed the Delhi Police to conduct lie-detector test on three "suspects" in the Sunanda Pushkar murder case.
'I can confidently say there will be another financial crisis soon enough, and probably more than one global crisis within the next century, given the increasingly integrated nature of the global economy.'
This is the first time in the RBI's history that a governor is leaving without willing to renew his contract
The finance minister is "reasonably confident" that when it comes to the crunch, "it would be extremely difficult even for the Congress party to take a contrarian view" on the GST Bill.
Global disinflation has finally caught up with India's high-cost economy.
Although the current long-term bullish trend is intact, markets are awaiting clarity on the taper and the Assembly election results.
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Privatising public sector companies would have encountered significant opposition from their managers as well as from strong unions.
'I know of at least one techie who quit his job to join the AAP in Delhi. Many others traveled to India to volunteer during the election. If you ask these volunteers why they were doing it when they can't even vote in India, they say, "We want a corruption-free India".' Ritu Jha looks back on the year that was; it was party time, she says, for news junkies like her.
Hindu-American Congresswon Tulsi Gabbard coasts to a rollicking re-election victory in in Hawaii's 2nd District
