Tight liquidity will hit over-leveraged and cash-hungry companies, spare conservative ones
Progress on several parameters creates a tipping point situation.
Prime Minister Narendra Modi had gone to China with a bagful of initiatives, but not all seems to have been fulfilled given China's reluctance to go the whole hog with him
The cutback on export credit refinance facility is another step towards a shift away from sector-specific liquidity allocations.
The panel was set up to suggest ways to reform India's monetary policy.
Most mainstream researchers agree that good governance is a necessary condition for growth.
"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.
India still has to go a long way to implement reforms in various sectors.
Higher growth, reform bets have boosted returns but leave limited room for error.
'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.'
Aditya Puri thinks the government is on track.
This is the joint statement issued by the ministry of external affairs on the visit of US President Barack Obama to India.
