She will replace Ben Bernanke as the Chair of the Federal Reserve.
The US government, that invested $49.5 billion in the Detroit automaker to save thousands of jobs at the height of the financial crisis five years ago, lost about $10 billion, Treasury Secretary Jacob Lew said on Monday.
Modi had also said recently that there is a need to administer "bitter medicine" to revive the ailing economy.
'There is global appreciation of the fact that India has the capacity and courage to carry out structural reforms like demonetisation and GST,' the finance minister said.
With more favourable view on Indian economy and business environment under the Narendra Modi government, the risk premium for Indian papers began to climb down.
China is keen to rebalance its economy towards higher consumption, services, technology use and value-added exports. The hope is that its currency will strengthen as the world embraces it as a global trade and reserve currency, say Abheek Barua & Bidisha Ganguly.
Tightening the noose around Lashkar-e-Tayiba, the United States on Wednesday designated the Pakistan-based terror group's student wing Al-Muhammadia Students a terrorist organisation and slapped sanctions against its two top leaders.
Hawkish guidance by the US Fed raises concerns it could tie the hands of RBI from trimming rates.
French stocks, particularly those exposed to the country's large tourism sector, are likely to suffer the biggest falls
Many Indian companies provide outsourcing services to various American entities, including large banks and financial institutions.
Terming Rajan as "India's prescient banker," Time said he is among a rare breed of "economic seers".
Indian companies are in a precarious financial position.
Technical fault was the reason behind it.
Continued outflows amid moderation of domestic investments are a concern
The combined 10 Asian currencies have appreciated by 6.6%.
India has not been able to compete with countries such as Bangladesh and Vietnam.
Without bringing sound governance and technical capabilities into the RBI's work, injecting new money sets the stage for a next wave of bad behaviour by banks, warns Ajay Shah.
Despite the Indian government's recent efforts anecdotal evidence indicates that there has been little change in the extortionist behaviour of a significant proportion of tax and police officials, says Jaimini Bhagwati.
Indian indices fell more than those of most other emerging markets.
It is difficult to answer this question in yes or no. Here's Dwaipayan Bose's thorough analyses
FinMin officials say an announcement could be made in the Budget.
A smartly executed reform-recap will be the best booster for the economy, says Ajay Chhibber.
Financial institutions at the risk of US sanctions as sharing of documents on SC directive amounts to violation of existing agreements.
Global growth, according to IMF, likely to be lower at 3.3%
Greek crisis is coming at a time when India is short of hard news on the domestic front.
The US has been widely criticised for using pressure tactics to secure information from other countries, without reciprocity.
As the global economy sways into uncertain territories and domestic prices almost certain to rise, Raghuram Rajan's ideas would have come in handy.
Many factors leading to the 2008 financial crisis still exist.
The fuzziness of Trump's economic blueprint remains the biggest risk.
The Russians had appealed their exclusion from the Games by the International Olympic Committee (IOC) over the doping scandal from the 2014 Sochi Games.
US President Barack Obama on Sunday affirmed his commitment to enhancing India's 'voice and vote' in global financial institutions like IMF.
Markets in countries whose economic fortunes were closely linked to China's growth tumbled.
A government can't just take away public money, and the RBI can't extinguish its liability. 'The RBI has to honour the value any time a person with legal and taxed money lays claim on the value.'
Rosneft bought a 49 per cent stake in Essar Oil's refinery port and petrol pumps, while Netherlands-based Trafigura Group Pte, one of the world's biggest commodity trading companies, and Russian investment fund United Capital Partners split another 49 per cent equity equally.
The rupee may also gain against the euro but be prepared for a snapback in the euro as Greece resolves.
Shanghai's benchmark share index plunged below 4,000 points for the first time since April
Neither India nor China will be badly affected by Grexit.
US job growth increased at a fairly brisk clip in October and the unemployment rate fell to a fresh six-year low of 5.8 per cent, underscoring the economy's resilience in the face of slowing global demand.
Iran signed a $3 billion deal with Boeing, backed Qatar against the Saudis, scored a big victory in Syria and reached out to Hamas. Ambassador M K Bhadrakumar examines how the Qatar versus Saudi Arabia standoff is quickly changing alignments in the Middle East.
Germany is now sitting on a mountain of savings.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances