Because of Rajan's policies, the banking system has mustered enough courage to disclose their toxic assets
The ruling by US Judge Steven Rhodes, who cited the city's dismal finances and $18 billion owed to a multitude of creditors in support of his decision, marks a watershed in the history of Detroit.
The trinity of rising stocks, rising yields and rising dollar since Donald Trump's election has already faced a setback.
OPEC's move to cut output has pushed up oil prices. From here it could go either way: oil could reach $100/barrel or an analysis of demand and supply might follow, say Abheek Barua & Bidisha Ganguly.
Broader markets are outperforming the benchmark indices- BSE Midcap and Smallcap indices are up 0.8%-1%.
The unfolding scenario has thrown up doubts in the minds of people whether the government will be able to complete its tenure.
Airline says can't discuss dues publicly, denies grounding of planes
Global disinflation has finally caught up with India's high-cost economy.
Confronting a slowdown in growth, China says it will only increase its defence budget by 7.6% this year, against the anticipated rise of between 20% and 30%. 'It is difficult to explain the reduction in the Chinese defence budget,' says Claude Arpi. 'Is there a hidden budget? Possibly!'
Foreign investments are set to gain momentum after 2014 general elections, but a 'magic' work is unlikely for the overall economy in the immediate future, says India Ratings' chief Atul Joshi.
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RBI's forex swap window for oil marketing companies addresses an urgent issue but what happens when the dollars have to be returned?
Faced with sluggish economic growth and dwindling exports, China on Wednesday devalued its currency for the second consecutive day.
Are we adopting an idea whose time has come and gone? My feeling is, yes, says ex-banker C Joseph Chacko in the fourth article of the series on inflation targeting.
Sahil Kapoor of Edelweiss Retail Capital Market Research says that setting up a monetary policy committee should have been the first step. And the central bank could have moved towards a formal inflation targeting mechanism after the processes and data sets are in place.
'Swachh Bharat Cess imposed last year should be made broad-based.' 'Budget should be predominantly economy/ business-oriented and problem-solving rather than political consideration-based.'
'Modi must keep his members in check or risk losing domestic and global credibility,' Moody's warned.
"The poor will not suffer disproportionately due to bouts of sharp inflation, and the middle class will not see its savings eroded," Raghuram Rajan said.
The Finance Minsiter says country requires 'a larger opening out in more sectors, stability of policy and tax regime'
The central bank is of the view that rise in external debt a concern but rating outlook revision reassuring.
Retail inflation rose 4.38 per cent year-on-year in November, the slowest pace in data going back to January 2012.
The Reserve Bank in its first mid-quarter policy review on Monday kept the key interest rates unchanged because of elevated food inflation, rupee depreciation and uncertainty over foreign fund inflows.
The rise in US interest rates and associated change in the direction of capital flows, the fall in oil prices and the slowdown in China will dominate the markets, say Abheek Barua and Bidisha Ganguly
Structural changes to government finances could be focus of the Union Budget, says Mihir S Sharma.
The central bank dashed hopes of any steep interest rate reduction.
Infrastructure and inflation targeting are expected to be top priorities for the new Reserve Bank of India governor, says A V Rajwade.
Sensex catapults 1,241 points and Nifty vaults 382 points in two sessions in a row.
Governor Raghuram Rajan's move to cut the MSF rate, at which banks borrow if they exceed their repo borrowing limits, by 0.50 per cent to 9 per cent should not be construed as a reversal in his policy stance and is more of a normalising measure, Citi said in a note.
Markets ended higher for the second straight session mainly on the back of upbeat corporate earnings.
A glance back at some important events that occurred in 2018.
Oil and Natural Gas Corporation has deployed the best-in-class technologies in its Improved Oil Recovery and Enhanced Oil Recovery schemes on these fields.
India still has to go a long way to implement reforms in various sectors.
P Chidambaram says all options are on the table.
Brexit will likely put brakes on the UK's growth prospects.
'What lies at the core of Abe's stance is Japan's crisis management ability amid the increasingly tense North Korean situation,' says Rajaram Panda.
In India we have to be careful not to copy any level of dependence on the financial sector and infatuation with the get-rich-quick syndrome, says Jaimini Bhagwati.
Stock markets in structural bull run but there can be bouts of volatility says Ravi Gopalakrishnan, head, equities, Canara Robeco Mutual Fund
The silver lining is that a pick-up in the US economy could help emerging market exports.
By piling more pressure on governments, central banks risk not accomplishing much and yet provoking a political backlash that could threaten their independence.
India's foreign exchange reserves are at an all-time high.
'The temptation of governments, to have a finger in the RBI pie will be just too great to resist, unless extensive amendments are carried out in the RBI Act treating it almost as the fourth branch of the government.'
