April 18, 2025 16:50 IST
US President Donald Trump has threatened to sack Jerome Powell, whom he appointed to the Chair of the Federal Reserve in 2018. Such frictions are not unheard of in the US – or in India. But differences have mostly not been allowed to escalate into crises.
Fri, Apr 18, 2025December 27, 2024 04:20 IST
A pedigreed economist, a central bank governor, finance minister and the job to crown it all -- Prime Minister. Surely, that will be a tough act to follow.
Fri, Dec 27, 2024February 03, 2024 16:36 IST
In July 1991, the RBI pledged 46.91 tonnes of gold with the Bank of England and the Bank of Japan to raise $400 million but the government was quick to repurchase it months later as the situation improved.
Sat, Feb 03, 2024January 27, 2024 10:08 IST
Originally published on November 23, 2016: RBI’s Payments and Settlements System Vision 2018 now aims to ensure that a variety of electronic payments are cost-effective for both users and service providers.
Mon, Apr 01, 2024January 13, 2024 12:47 IST
Originally published on December 17 2015: The Atal Bihari Vajpayee government came in for strong attack in Parliament, and agreed to a Joint Parliamentary Committee probe into the stock market scam.
Sat, Jan 13, 2024January 04, 2024 15:08 IST
This article was originally published on September 29, 2015: A series of ponzi schemes, many of which were linked to plantation schemes, including teak plantations, promised investors very attractive returns. How did they work? What was the government's response?
Thu, Jan 04, 2024August 16, 2023 18:07 IST
On the fifth death anniversary of former Prime Minister Atal Bihari Vajpayee, a look back at his tenure and its rich economic legacy.
Thu, Aug 17, 2023November 28, 2019 05:10 IST
Sebi says the change was necessary to address information asymmetry — or a gap in the availability of information to different classes of investors — on defaults on loans by listed companies.
Thu, Nov 28, 2019November 11, 2019 04:46 IST
Ratings agency Moody’s has lowered India’s outlook from stable to negative. How do such agencies assign these ratings? How seriously are these taken, and what changes for a government if it is downgraded?
Mon, Nov 11, 2019September 02, 2019 04:10 IST
In the early phase of the UPA government’s first term between 2004 and 2009, the Finance Ministry headed by P Chidambaram was pushing hard for consolidation of state-owned banks.
Mon, Sep 02, 2019September 02, 2019 04:00 IST
The plan is to merge 10 state-owned banks into four larger ones. What led to the move, how is it intended to help the banks and the government, and what are the potential downsides?
Mon, Sep 02, 2019August 29, 2019 00:39 IST
If policymakers on both sides can shut out the noise, it could be an opportune time to repair ties between the government and the RBI and to forge a respectful relationship.
Thu, Aug 29, 2019August 28, 2019 00:30 IST
Bank’s Central Board has decided on a record transfer of Rs 1.76 lakh crore. On what basis are such transfers made? Why has it been sometimes contentious, and how was the amount settled this time?
Thu, Aug 29, 2019July 29, 2019 03:39 IST
If the LIC shares are listed on stock exchanges, it could easily emerge as the country’s top listed company in terms of market valuation, overtaking current leaders Reliance Industries Ltd and Tata Consultancy Services.
Mon, Jul 29, 2019July 19, 2019 00:44 IST
Fifty years after bank nationalisation, banking is still seen as an enterprise driven by social purpose and political considerations — not depositors’ interests. This needs to change.
Fri, Jul 19, 2019July 10, 2019 04:11 IST
FM Nirmala Sitharaman has announced fresh measures for developing such a market, after previous budgets and a number of panels had failed to work out a plan. Why does India need such a market, and what are the new measures?
Wed, Jul 10, 2019July 07, 2019 00:41 IST
What the first Finance Minister said in the interim Budget of 1947-48 on market borrowings echoes even now. The government’s borrowing programme would be such as to enable it to obtain funds as cheaply as possible without in any way impacting the flow of investment into industry.
Sun, Jul 07, 2019July 06, 2019 05:00 IST
Union Budget 2019: The bond markets has reason to cheer given the huge borrowing programme of the government. The relief was reflected in the10 year bond yields which fell below 6.6 per cent and closed finally at 6.69 per cent.
Sat, Jul 06, 2019July 06, 2019 01:30 IST
How has the first-time finance minister, Nirmala Sitharaman, scored on her debut? Has the first Budget of PM Narendra Modi’s second term laid the foundation for achieving the goal of making India a $5-trillion economy by 2025? Will the Budget address the pressing concerns of the Indian economy? The Indian Express cuts through the clutter.
Sat, Jul 06, 2019March 29, 2019 01:10 IST
"In India, there is a certain amount of rural-urban divide which is due to the farm distress and the traditional problem of poverty which despite our progress has not been eliminated," says former RBI Governor Raghuram Rajan.
Fri, Mar 29, 2019March 26, 2019 00:58 IST
Congress has announced Rs 72,000 a year for poorest 20 per cent. What are the arguments for and against such schemes, and what will it take to implement it? A look at the economics, precedents and challenges ahead.
Tue, Mar 26, 2019March 20, 2019 00:31 IST
Before L&T & Mindtree, there was Swraj Paul & DCM, Escorts. How such bids have played out over the years.
Wed, Mar 20, 2019March 11, 2019 04:23 IST
The move in New Zealand follows changes to the law governing the central bank there.
Mon, Mar 11, 2019March 09, 2019 02:23 IST
In terms of overall fiscal stability, the states are doing better than the central government, says Reddy.
Sat, Mar 09, 2019March 07, 2019 04:01 IST
RBI has unveiled draft rules on compensation of top bank execs who take undue risks. A look at how some bank executives entered into questionable deals, and the private bankers got away. This is set to change.
Thu, Mar 07, 2019