Dr Nagesh Kumar, one of the three new MPC members, wanted the MPC to reduce the repo rate by 25 basis points to 6.25%.
What stood out in his 15-year journey as a member of the political executive at the Centre was his glowing record as India's most successful and effective finance minister. Both as prime minister and finance minister, he understood the importance of gradualism, except when the economy or the polity was in a crisis.
Net NPAs increased to Rs 36,260 crore in the December quarter from Rs 34,843 crore in September and Rs 33,116 crore in December 2023, observes Tamal Bandyopadhyay.
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Releasing his book, An Asian Century Manifesto- Global Political Economy of the 21st Century, at the Nehru Centre in London on Tuesday night, senior public policy advisor Atma Singh said, "World economy has shifted from the West to East in the 500 years and India, along with China, is going to propel the economic growth in the world in the 21st century."
Rumours in the bureaucracy on his successor include the names of Sajjid Chinoy of JP Morgan, Rathin Roy of the National Institute of Public Finance and Policy, Neelkanth Mishra of Credit Suisse and the principal economic advisor, Sanjeev Sanyal.
"If HR isn't responsive, it's critical to keep records of all interactions -- e-mails, dates and any conversations you had. If HR fails to help, escalate the matter to higher management or the internal complaints committee," says Smita Shetty Kapoor.
'Someone posts a job on LinkedIn and there are a thousand resumes in an hour? This is not the America IT professionals are used to.' 'Once they lose their job, it's impossible to get a job.'
Lisa Curtis, who served as deputy assistant to President Trump and as National Security Council senior director for South and Central Asia from 2017 to 2021, said she expected the same bumps for India and the US, as in Trump's first term, including tariff, dependence on Russia over arms supply and oil purchase from Iran. Curtis, however, said both countries could never enter an alliance but develop a partnership that is "short of an alliance". She hoped them to achieve a cooperation that deters China, but also prepares both countries in case of a crisis or conflict, be it in the Taiwan Strait, the South China Sea, or another flare-up on the India-China border.
Subramanian, a senior fellow at the Peterson Institute for International Economics in Washington, attended a news conference in New Delhi at which his appointment was announced.
Ganguly joined Delhi Capitals in 2019 as an advisor, where he worked alongside coach Ricky Ponting, and later returned to the franchise as Director of Cricket after his stint as BCCI president.
The RBI has changed the way it approached supervision in the past. Having seen a couple of collapses in the NBFC sector and the near-collapse of a few banks, it is focusing on regular drills to prevent a fire from breaking out, explains Tamal Bandyopadhyay.
'For the first time since I've been following Indian politics, one heard voters talking about India's role on the world stage and the fact that, due to Modi's leadership, India was once again a great power.'
Noted economist Arvind Subramanian is favoured as the choice for the government's Chief Economic Advisor (CEA).
New investors should gradually build a 5 to 10 per cent allocation to gold.
'I am very grateful to Rajnathji that he confirmed the fact that Savarkar was a habitual mercy-seeker from the British.'
Delhi's appeasement strategy may now translate as more mega arms deals with the US, generating substantial business and job creation in the American economy. Make no mistake, Americans will use it to pressure India, predicts Ambassador M K Bhadrakumar.
Tamil Nadu -- often dubbed as India's own Detroit due to its thriving automobile manufacturing ecosystem -- is in no mood to miss the EV bus either. Recent developments attest to it. Vietnamese electric vehicle (EV) maker VinFast has promised a $2 billion plant in the southern state. And as promised earlier, the work on Tata Motors-JLR plant will kick off next week, on September 28, after the foundation stone laying ceremony.
He argued that if inflation is low, stable and moving towards the 4 per cent target, why has the RBI not revised downward the bank rate fixed in June 2023?
'If there is a push towards a Marxist oriented government it will be dangerous.' 'We have seen this in Nepal and Myanmar and it will be a concern for India if it is surrounded by countries with such political dispensations.'
'The Budget needs to focus more on social welfare schemes.'
Photos circulating in social media on Thursday showed two banners hung on an overpass of a major thoroughfare in the northwest of the Chinese capital, protesting against Xi's unpopular zero-COVID policy and authoritarian rule.
'Trump's disregard for norms and institutions could prove very costly for America's social fabric.'
The finance minister continues to be backed by the same policy team in charting out the broad strategy as in the few earlier Budgets.
It is also for the first time ever that so many Indian-Americans have been roped into a presidential administration ever before the inauguration. Biden, a Democrat, is still quite far away from filling all the positions in his administration.
A sharp rise can be attributed to the significant changes in India's share buyback tax regime, which will come into effect from October 1, 2024.
Patra, as executive director of the central bank, was the principal advisor to the Monetary Policy Department since July 2012.
If the cashless request is denied, the entire cost may need to be paid for planned treatments.
The White House and the Indian-American community are solidly backing the nomination of Neera Tanden as the director of Office of Management and Budget, describing her as the most appropriate candidate to hold the position.
The President-elect also announced the nomination of former Secretary of State John Kerry as Special Presidential Envoy for Climate, the first such official to sit on the national security council.
The Delhi battlefield may not be a cakewalk for the Rhodes Scholar.
The cost of deposits is on the rise, but banks can't raise interest rate on close to 60% of their loan books, points out Tamal Bandyopadhyay.
'There are 725,000 Indians here without proper papers. They are subject to deportation immediately under this (Trump's immigration plan). Immediately!' 'They want to prevent new immigration, get the people who are already here out of here, and only allow population increases in the white population.'
Feature for feature, bank FDs are indeed better than debt funds today, mainly thanks to Ms Sitharaman, notes Debashis Basu.
Dr Kissinger died on Wednesday at his home in Connecticut.
'Those trying to use these funds for quick gains should avoid them due to risk of being late to the party.'
Avoid relying on a bank RM for investment advice. Instead, approach a Sebi-registered investment advisor whose livelihood depends on the fee paid by his customers and not on product commissions.
By taking the mutual fund route, investors can take exposure to gilts with small amounts. Over a decade or more, returns from these funds tend to be sound.
"There has been increasing international pressure on Pakistan to break off this intimate relationship between the ISI and LeT, but it has thus far come to naught," Ashley Tellis, who is senior associate, South Asia Programme with the Carnegie Endowment for Peace, said in his latest policy outlook The Menace That Is Lashkar-e-Tayiba.
