According to the former governor, if the RBI agrees with the finance ministry all the time, then it is "superfluous"
The government has exempted cereals, pulses, atta, maida and besan from the GST, which will be implemented from 1 July.
He said that with proliferation of mobile phones and Internet based transaction, it will be easy for financial technology firm to do analysis and provide loans to person who requires it and has good credit history
The RBI has been conducting the Survey of Professional Forecasters (SPF) since September 2007 and the latest (46th round) was conducted during May 2017.
Assocham president Sandeep Jajodia also urged the Centre that the NPA norms on getting the account classified under non-performing asset category for core sectors should be extended from 90-days to 180-days.
"While gold consumers will face a slightly higher tax rate and the industry will go through a period of adjustment, we see the net impact on the gold industry as being positive," it added.
The proposal was pending before the Foreign Investment Promotion Board (FIPB) which has been abolished now
Daily price change will remove the big leaps in rates that need to be effected at the end of the fortnight and consumer will be more aligned to market dynamics
IDBI Bank's annual loss for 2016-17 widened to Rs 5,158 crore, as against Rs 3,665 crore in the previous fiscal.
In a letter to the presidents of various political parties, Jaitley thanked them for their cooperation and contribution in making the GST a reality
Despite historically high number of announced greenfield projects in 2015, FDI inflows to India were flat last year with only 1 percent up from 2015, the report said.
With high level of non performing assets (NPAs), banks are not in a position to forgive farmer loans but the question is, if corporate loans can be adjusted, why not farm loans, where the reasons are more compelling.
Pai had yesterday accused people, who are making efforts to forge a union in IT industry, of trying to "create a hype, fear-mongering".
Inflation projections and Real GVA growth for FY18 have been lowered based on recent data releases
The governor was right this week in staying clear of the rate cut the government wanted, and it is now out in the public that the monetary policy committee (MPC) even said no to a meeting with New Delhi's mandarins
The Reserve Bank warned of fiscal situation getting out of hand if states unabatedly continue to waive farm loans saying it also risk spurring inflation.
"The reduction in risk weights and standard asset provisioning on certain categories of housing loans will lower housing loan rates and increase housing loan portfolio of banks"
The GST Council also decided to amend the transition rules allowing traders and retailers to make claim of 60 percent against the CGST or SGST dues where the tax rate exceeds 18 percent.
Among the reasons for the bank's caution were sticky core inflation, and higher government spending if Prime Minister Narendra Modi heeds farmers' calls to forgive their debts
Talking to reporters after RBI released its statement, Subramanian said there is a plausible alternative macro-economic assessment
The amount of money to be set aside for every loan made, has been lowered to 0.25 percent from the earlier 0.40 percent, which will help reduce the interest rates on home loans
Patel said the inflation number may have come lower due to lingering of the transitory effect that has kept it low since November and also on supply glut conditions in respect of pulses, cereals and vegetables.
RBI Governor Urjit Patel said unless that state governments' budgets allow that fiscal space to go in for a loan waiver, it would be risky to tread on that path
RBI Governor Urjit Patel-led MPC for the fourth straight time kept the repo rate unchanged at 6.25 percent
The earlier projection for the retail inflation in first half of the fiscal was 4.5 percent and 5 percent in second half
And it's a good sign for the larger economy. Good job Mr Urjit Patel
Hit hard by demonetisation, India lost the tag of the fastest growing economy to China in the March quarter with a GDP growth of 6.1 percent
Premature action (rate cut) at this stage risks disruptive policy reversals later and the loss of credibility, said the monetary policy committee
Growth forecast for 2017-18 lowered to 7.3 percent from 7.4 percent
Five members were in favour of the monetary policy decision, while Dr. Ravindra H. Dholakia was not in favour