The crisis remains acute with the country's banks already closed.
Following is the full text of Prime Minister Narendra Modi's address from the ramparts of the Red Fort on the 73rd Independence Day.
'As someone who has had the opportunity of cross examining Vinod Rai, extensively over three days as part of the Joint Parliamentary Committee, many of us included I had concluded at that point of time that this report rests on the foundation of sand.'
Ivanka spoke for a good 15 minutes, gracefully, looking straight at her audience, her face wreathed often in winning smiles. She is an articulate, striking, woman who charmed her audience.
India's good fortune, experts in the US feel, is not the result of a fundamentally strong economy, but because it is the best of a bad set of options.
While working with Air India, she has also earned a degree in BSc Aviation, done a course in classical key-board, learnt various forms of modern dance and become a lawyer. Anjuli Bhargava profiles the super-achiever.
'The Reserve Bank's independence has remained a work in progress, an enduring challenge that the nation has been grappling with on an ongoing basis,' says RBI Deputy Governor Dr Viral Acharya.
"The RSS is trying to change the nature of India. Other parties haven't tried to capture India's institutions," he said.
'Modi has shown political courage by instituting several economic reforms which include demonetisation, ushering in GST, eradication of benami transactions...'
In this excerpt from a conversation with Samik Bandopadhyay, Mrinalda discusses three legendary actors he has worked with.
The Bullet train is a childish desire to join an elite club at the cost of 99.9 per cent of rail passengers, says S Pushpavanam.
"Until now, the Congress was completely against the current government. Now they have also joined hands overnight. This goes to show how honest their intentions are," he added, taking a swing at the alliance.
Prime Minister Narendra Modi asserted that the BJP has emerged as the "third force" in Kerala that will replace the two fronts in the next year's assembly elections.
China's economy is worse than it really is, but then these are emblematic of the baffling self-congratulatory mood that exists in India today.
'Unlike Dr Manmohan Singh, who quailed and turned away because the darkness was too frightening, Modi has taken a leap to the other side. He deserves applause for this fearlessness,' says Aditi Phadnis.
Slowdown persists in China. India's GDP estimates for 2015-16 are liable to be pared; projections for 2016-17 are lacklustre.
From planning Prime Minister Narendra Modi's foreign trips to playing a key role in the Jammu and Kashmir elections, former RSS spokesperson Ram Madhav is become increasingly important in the BJP
We are in this mess as the machinery of the government in a market economy is broken. We need technically sound banking regulation, so that capital is not misallocated, and the landscape does not get littered with zombie firms kept alive through evergreening, says Ajay Shah.
The US needs to do three things to help the newly elected Nawaz Sharif government in Pakistan, says Stanley A Weiss
There are signs of China's external behaviour becoming more aggressive in the coming years. If that happens, strategic implications for neighbours having territorial disputes with China can become deeper and imperatives can rise for the former to counteract, says D S Rajan
For a start this award has a history of having less to do with actual contributions and more to do with some part of a larger agenda. Some pretty dubious people have received this. Many more were patently undeserving, says Mohan Guruswamy.
'It is a diamond which has a very long competitive history.'
'Defaulters like Mallya can't be offloaded, but activists like me are. And that too for raising questions.' 'Today, what is the meaning of development?' 'Take over land, water and forest from the Adivasis and hand it over to corporates.' 'I am surprised how a minister who is supposed to protect the forests and the environment is happy reaching out to investors for more and more clearances.'
Riteish Deshmukh on movies, Genelia and what he'd like to teach his sons.
'At Snapdeal, our aim is to become the best-in-class technology company.'
In his penultimate State of the Union address, Barack Obama said that the economy is improving.
News of all that's transpired on and off the football field
In an interview with Rediff.com, Virender Kapoor former director of Symbiosis Institute of Management and the author of Passion Quotient talks about the importance of passion.
BJP President Amit Shah -- arguably the second most powerful politician in the nation -- granted a rare television interview to the Network 18 group of news channels. Rediff.com's Rajesh Alva checks out what the BJP boss said in this word cloud assessment of the interview.
Read the full transcript of President Obama's State of the Union address on Wednesday at the US Capitol in Washington.
Lawyer turned entrepreneur Parama Ghosh shares her story.
After weighing all the costs and benefits, the next administration is likely to reduce and restructure assistance to Pakistan but not to end it altogether, says Daniel S Markey.
Attacking the note ban move, Yechury said the PM's assertion that it will impact terror funding has not yielded any result.
Without civilisational moorings, India, more a sub-continent than a country, could not exist. Primacy of Dharma has been the cornerstone of Indian civilisation, says Colonel Anil A Athale (retd).
With an aggressive Opposition and unyielding government, important legislation could be the biggest casualty, as details of the helicopter contract surface.
The Aam Aadmi Party (AAP) has to deal with 3 powerful enemies: the media, the political establishment, and business houses.
