Jaitley expressed satisfaction over key macro-economic parameters, hoping that bad loans of banks would soon come down.
The Mumbai-headquartered financial institution has claimed that its schedule for setting up an IDFC bank is on track.
Rajan made a strong case for the IMF to analyse each new unconventional monetary policy, including sustained unidirectional exchange rate intervention.
“The government is “sensitive” to the concerns of investors and is looking into addressing economic issues, he said.
Interest rates in India are on a downward trajectory and RBI is expected to go for a rate cut in its next monetary policy review on June 2 which only augurs well for debt investment.
Why Indian policymaking must aim for capital account convertibility.
An IMF report recently put Indian banking sector under scanner. The report highlights that 36.9 per cent of India’s total debt is at risk, among the highest in emerging economies.
In what could give the Reserve Bank of India (RBI) greater room to slash key interest rates, retail inflation softened further to a four-month low of 4.87 per cent in April compared to 5.25 per cent in March. On the other hand, factory output growth slowed to a five-month low of 2.1 per cent in […]
Reserve Bank introduced the Banking Ombudsman Scheme (BOS) in 1995 to provide an expeditious and inexpensive forum to bank customers for resolution of their complaints relating to deficiency in banking services.
Singh, who was speaking on the sidelines of the GK Reddy Memorial National Award function to confer an award posthumously on veteran journalist Vinod Mehta, however, said that the finance minister (Arun Jaitley) had denied such reports.
Mr Raghuram Rajan and Mr Jaitley is obliged to disclose and explain the take on PDMA.
Incredibly good fortune favoured the Modi government in its first year, but it could not last.
Arun Jaitley had in the Budget 2015-16 that he presented on February 28 proposed setting up the PDMA by the end of the fiscal.
RFA is one where a suspicion of fraudulent activity is thrown up by warnings.
The Indian economy made a decisive structural turn in 1991. A new series looks back at events in the transition and the ways in which they’re playing out now.