Pitching for radical reforms in the banking sector, Chief Economic Adviser (CEA) Arvind Subramanian on Thursday said that time has come for rethinking on the ownership of public sector banks (PSBs) in India
According to the former governor, if the RBI agrees with the finance ministry all the time, then it is "superfluous"
The US Fed hike is as per the expected lines, which raised its benchmark interest rate for the second time in three months and there is forecast of two additional hikes this year, experts said.
Just as were getting ready to see a cow vigilante on Mint Street, the Centre unleashed Patel on us.
A day after the government came out in strong defence of CEA Arvind Subramanian in face of his barrage of attack, Swamy tweeted this morning "If an Indian?, held patriotic, can advise a foreign nation where he works, to twist India's arm, is to be forgiven, then I suspend my demand"
With the GST getting delayed further, the government will try to push it during the budget session
CEA Arvind Subramanian has warned that weak corporate sector and investment scenario poses major threat to the economic recovery
The Reserve Bank of India Governor Raghuram Rajan has set a target for consumer inflation of 5 percent by March 2017 and 4 percent in the medium term
There is a case for cutting interest rates now, but even if Rajan holds back, the finance ministry can reflate the economy on its own
With admitting the deflationary scenario, the government faces questions on its perception on the actual status of economic growth and the sharp divergence between WPI and CPI inflations