Centre to take a call only in August, just a month before his three-year term ends.
The India Meteorological Department on Tuesday said the monsoon this year is expected to be 'above normal.'
India will also play an increasingly important role as one of the Asia-Pacific region's major economic growth engines, helping to drive Asian regional trade and investment flows.
'One of the biggest issues the Indian economy faces right now is of job creation...' 'The nexus between growth and employment has to be closed...' 'In the absence of a manufacturing expansion, the alternative is to have the service sector as the driver of both GDP as well as employment growth.'
The Reserve Bank on Tuesday said growth is expected to fall below 5 per cent in 2013-14 in absence of pick-up in manufacturing sector, but likely to recover to 5.5 per cent in the next financial year.
The Budget would preserve macro-economic stability.
The government will unveil the Consumer Price Index data and the Wholesale Price Index data for August on Monday.
India's external firewalls were solid in the form of a healthy reserve position.
A must-read excerpt from former RBI governor and former Rajya Sabha member Bimal Jalan's India: Priorities For The Future.
'That is not a democratic ideal obviously, but it is a practical reality.' 'It is a consistent feature of politicians in Pakistan that their rhetoric on the army softens the closer they get to the seat of power.'
Capital flows have become much more skittish and volatile during this period, with short-term horizons dominating allocations.
Jaitley's Budget has the potential to change the face of Modi's Bharat
The central bank is of the view that rise in external debt a concern but rating outlook revision reassuring.
The S&P BSE Sensex ended 80 points up at 23,789 while the Nifty50 closed at 7,235, up 24 points.
Why India is an FDI magnet. The country satisfies several reconditions to attract FDI.
The Prime Minister stressed on achieving financial inclusion.
CEO probable says the new role as president could not have come at a better time
Some type of global shock adds to the allure of the dollar.
Sustaining anything in the region of 7% growth should be good enough in a troubled and risk-laden world, says T N Ninan.
Notable losers were ONGC, Axis Bank, ITC, SBI, ICICI Bank, NTPC, Hero Motocorp, Sun Pharma and Bharti Airtel who fell by up to 2.80 per cent.
This is the first time in the RBI's history that a governor is leaving without willing to renew his contract
Retail inflation rose 4.38 per cent year-on-year in November, the slowest pace in data going back to January 2012.
His finest years came when he served as deputy governor under C Rangarajan.
'As the growth momentum reverses benefiting from re-monetisation, it will be accompanied by a rise in inflation.'
India's foreign exchange reserves are at an all-time high.
He wants Jaitley to give investors more clarity on policies
Lower IT exports will raise India's dependence on capital flows to fund imports.
Hong Kong is the world's freest economy according to the Index of Economic Freedom 2015.
Stock markets in structural bull run but there can be bouts of volatility says Ravi Gopalakrishnan, head, equities, Canara Robeco Mutual Fund
For one thing, US Fed Chairman Ben Bernanke was perhaps right in postponing the quantitative easing taper even though the markets had complained at that time that they were primed for some reduction in QE3 and the Fed had missed an opportunity to execute their plans without causing too much of a flutter.
The country saw two straight years of deficient monsoons.
The real benefits can be seen when prices stabilise, preferably at levels acceptable to both consumers and producers.
Because of India's weak fiscal position, the plethora of debt-burdened infrastructure companies and the poor asset quality of public sector banks, economic growth in 2015-16 may be limited to about six per cent, say Shankar Acharya.
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It also painted a grim possibility of any major gains in the rupee during the current fiscal saying that the continuing global volatility, and domestic political uncertainty ahead of the 2014 hustings will limit chances of any significant appreciation apart from further impact growth.
"I am an academic and I have always made it clear that my ultimate home is in the realm of ideas," Rajan said in a letter to staff.
'Will 'Make in India' be able to harness the demographic dividend so it does not become a disaster?' 'Will 'Digital India' live up to the lofty promises the government and private sector made as part of its recent launch?'
'On the tax front, most of the Budget proposals are sensible'.
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.
Rajan tells RBI colleagues he will be returning to academics
