RBI Governor Y V Reddy said the central message of the credit policy was that we could be continuing with the growth rate or there could be a upward shift in the trajectory.
With the pepper spray attack in Lok Sabha evoking widespread outrage, an emergency meeting of the Committee on Security in Parliament complex on Monday is expected to face a ticklish task as the issue of frisking of MPs could come up.
Four Telugu desam Party members of Parliament on Saturday gheraoed Home Minister Sushilkumar Shinde outside his North Block office and demanded inclusion in the GoM on Telangana of representatives from the joint action committee protesting against the proposed bifurcation of Andhra Pradesh.
There is a need for tax reforms in the country in a bolder way, Singh said.
Under fire for his pepper spray attack in Lok Sabha during introduction of Telangana bill, Seemandhra MP L Rajagopal on Thursday defended his actions, saying he did it in self defence.
The friction with the political class is not only about interest rates and monetary policy. While the government often spoke freely about its discomfiture, the RBI had to be careful even in its response to the government as any loose statement would affect the markets.
Proceedings in Parliament were paralysed for the third day running over a number of issues, including Telangana and death of 40 children in Muzaffarnagar relief camps, preventing the notices for a no-confidence motion from being taken up on Wednesday.
While Manmohan Singh had to deal with high oil prices, inflation and trade deficit, Narendra Modi is lucky as major threats have receded, says T N Ninan.
Rajan's exit will neither affect the RBI's de facto independence nor its working.
'Normally, the system is geared towards counting notes -- it is equipped to do x amount of work and one day you are asking them to do 20 x.' 'The processes involved are very complex.'
Reddy has worked to reform the economy.
The principal challenge for Rajan's successor is to work with the Bank Board Bureau and the finance ministry to complete these processes of banking reform.
'The feeling in Telangana is that without her a separate state cannot be created... All the MPs and MLAs from Seema-Andhra have a business background. Their interest is to save their business,' Congress MP K Raj Gopal Reddy, who played a key role in Thursday's turbulent events, tells Rediff.com's Sheela Bhatt.
On the basis of many conversations with stakeholders on the Telangana issue, Rediff.com's Sheela Bhatt presents an FAQ to help understand the politics of posturing and realpolitik on the ground to win seats. The questions are many and the answers are not straight
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