As the global economy sways into uncertain territories and domestic prices almost certain to rise, Raghuram Rajan's ideas would have come in handy.
'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.
On India achieving higher growth, Rajan said 9 per cent, which is the widely believed potential growth rate of the economy, is still some time away.
For now, the upside appears to offset damage done to exports by weaker global demand.
Growth, said HSBC, would be helped by higher public investment, bankruptcy code and direct transfer of subsidies
'Even though we have around 156 patients, we don't have anyone who requires ventilatory support or the ICU facility.'
Chidambaram promises to maintain fiscal discipline; admits inflation is an issue.
'There has been far too much overconfidence about the size and composition of the Indian consumer economy,' notes Mihir S Sharma.
Raghuram Rajan, said, the scourge of loan losses "had a tendency to increase, get too big to ignore, too late to manage, and push the system into crisis".
In the past three years, personal loans have grown at twice the rate of growth in personal disposable income, leading to a steady rise in household indebtedness. At the end of March this year, Indians owed Rs 25.2 lakh crore to banks and listed non-banking finance companies (NBFCs), up 65 per cent in the past three years.
Investors lost Rs 2 trillion as Sensex crashed on Tuesday.
From smart cities to gold, the fallout of the Chinese meltdown will have far-reaching consequences
The dollar moved higher, while prices for US government debt fell, as traders ramped up bets the Federal Reserve would raise interest rates in March
'It is only fear and speculation, without much substance, that has led to the fall.'
oaring crime gave Venezuela the horrific title of being one of the most violent countries on earth. Inflation ran into tens of thousands per cent, impoverishing nearly all of the country's 31 million people.' Yet, says Radha Roy Biswas, she sees hope for the beleaguered nation where she spent her childhood years.
'Clearly, the depositors of cooperative banks need the maximum protection.'
Participants are keeping an eye on the Winter Session of Parliament, which started today, and US fiscal policies to be followed by President-elect Donald Trump
'When buying a term insurance plan, you need to visualise today what could happen to your family tomorrow in your absence,' suggests Mahavir Chopra, director-health, Coverfox.com.
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Bankers remained ambivalent on the impact of Tuesday's policy announcement by Reserve Bank on the cost of funds and refrained from giving a guidance on the direction in which lending rates are headed.
'The childhood urge to amass wealth may account for one's inexplicable urge to stockpile change, for there is nothing more gratifying than to lift a box heavy with one's treasure, more satisfying somehow than all the zeroes the Kochhars, Modis and Mallyas appear to have allegedly scammed our banks over,' says Kishore Singh.
Dragged down by a massive fall in the stock market, total investor wealth slumped by nearly Rs 3 lakh crore on Tuesday as shares of over 2,200 listed firms ended in the red.
The Congress chief gave 'F' to the Modi government for agriculture, foreign policy and job creation, and 'A+' to the prime minister for slogan creation and self promotion.
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The Indian currency had hit record low of 57.32 against a dollar in June last year.
It is by now quite clear that in all likelihood the US Federal Reserve will hike interest rates in its next meeting in mid-December.
Sweden has the world's highest negative rate.
The Street had factored in the NDA win, owing to which the appreciation in the rupee is expected to be limited
Slowdown persists in China. India's GDP estimates for 2015-16 are liable to be pared; projections for 2016-17 are lacklustre.
The rupee had recovered by 19 paise to close at 61.15 against the dollar in Friday's trade in tune with local equities.
Signs of a strong pickup in hiring by companies are adding to the rosier outlook for Indian households.
The 50-share NSE Nifty too closed down 168.30 points, or 1.58 per cent, at 10,498.25 -- a level last seen on January 3 when it closed at 10,443.20.
Devangshu Datta predicts the good, the bad and the ugly of currency trends for the coming year.
Globalisation with small government has not been a successful pairing.
Rouhani said the people of Iran were free to protest peacefully, but rejected violence.
Most immediately, he pledged to move slowly if needed in winding down an oil window that provides dollars directly to state-run oil companies
The board will first need to unpack IL&FS - it has 169 group companies with 24 direct subsidiaries, 135 indirect subsidiaries, six joint ventures and four associate companies, says Amit Tondon.
Oil and select auto heavyweights bore the brunt of selling pressure; ONGC, RIL, Tata Motors, M&M key losers.
This compares with China at over $10 trillion and India $2 trillion.
The rupee has lost ground since pre-Budget, against three major hard currencies (yen, dollar and euro). The European Central Bank and the Bank of Japan maintained status quo in recent policy meetings
Former Uttar Pradesh Chief Minister Kalyan Singh will officially make a return to the BJP fold at Narendra Modi's 'vijay shankhnad rally' in Lucknow on Sunday.
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