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India central bank Governor Rajan: Not overly worried about rupee at this point| Reuters

Jun 24, 2016 at 23:22 | Source: FirstPost

MUMBAI Reserve Bank of India Governor Raghuram Rajan said on Friday he is not "overly worried" about the rupee's INR=D2 levels, on a day when Britain's vote to leave the European Union sent the currency to its lowest since May 1. "My s...

Jaitley, Rajan say country will withstand Brexit vote| Reuters

Jun 24, 2016 at 23:18 | Source: FirstPost

MUMBAI/NEW DELHI Finance Minister Arun Jaitley and Reserve Bank of India (RBI) Governor Raghuram Rajan on Friday said a solid economy and planned government reforms would allow the country to withstand any major impact from Britain's vote to leave th...

Brexit will have a passing effect on India, says Finance Minister Arun Jaitley

Jun 24, 2016 at 17:49 | Source: FirstPost

Beijing: Britain's decision to opt out of the European Union will have a passing effect on India as the emerging economy has strong economic fundamentals and the resources to counter any eventuality, Finance Minister Arun Jaitley said here on Friday....

Brexit signal: Narendra Modi has tough task replacing Raghuram Rajan

Jun 24, 2016 at 13:40 | Source: FirstPost

So, the Brits have decided to say goodbye to the European Union (EU) and choose independence even though it meant risking their political and economic future. Once the decision is ratified by both EU and British Parliament, Britian will have to rewor...

Brexit lesson for Modi: PM has an unenviable task of bringing a credible face to succeed Raghuram Rajan

Jun 24, 2016 at 13:40 | Source: FirstPost

So, the Brits have decided to say goodbye to the European Union (EU) and choose independence even though it meant risking their political and economic future. Once the decision is ratified by both EU and British Parliament, Britian will have to rewor...

Subramanian Swamy has to get past Jaitley to hurt Arvind, Shaktikanta Das

Jun 24, 2016 at 08:33 | Source: FirstPost

There is an old story.Once, the house got filled with rats. Too many of them. Someone advised the family to get a cat to kill the rodents. After all, who knows the job better than a cat? The cat was brought in and it did the work meticulously. Within...

PM working under US pressure; Congress to oppose FDI in defence in Parl: AnandSharma

Jun 23, 2016 at 09:44 | Source: FirstPost

Shimla: Senior Congress leader Anand Sharma on Wednesdaydenounced the Modi government's decision to allow100 percent FDI in defence sector by easing norms, saying the Prime Minister was working under pressure from the US and his party would oppose it...

Raghuram Rajan reiterates: Not high rates but stress in PSBs led to slowdown

Jun 23, 2016 at 08:40 | Source: FirstPost

Bengaluru: Slowdown in credit growth has been largely because of stress in the public sector banking and not due to high interest rates, Reserve Bank of India (RBI) Governor Raghuram Rajan said on Wednesday."I will argue that the slowdown in cre...

Arun Jaitley has a clear warning to Swamy: Enough is enough of this freak show

Jun 23, 2016 at 07:36 | Source: FirstPost

Finance Minister Arun Jaitleys comments on Wednesday, shortly after BJPs maverick leader Subramanian Swamys attack on Chief Economic Advisor (CEA) Arvind Subramanian, is his way of telling the 76-year old leader that enough is enough.This was necessi...

Arun Jaitley lands a left hook on Swamy, backs Arvind Subramanian fully

Jun 23, 2016 at 07:36 | Source: FirstPost

Finance Minister Arun Jaitleys comments on Wednesday, shortly after BJPs maverick leader Subramanian Swamys attack on Chief Economic Advisor (CEA) Arvind Subramanian, is his way of telling the 76-year old leader that enough is enough.This was necessi...

Finance minister has full confidence in top aide| Reuters

Jun 22, 2016 at 23:33 | Source: FirstPost

NEW DELHI Finance Minister Arun Jaitley on Wednesday rebutted an attack by a party colleague on his chief economic adviser Arvind Subramanian."The government has full confidence in chief economic adviser Arvind Subramanian," Jaitley told a ...

Raghuram Rajan urges clean-up of bad debts| Reuters

Jun 22, 2016 at 23:15 | Source: FirstPost

BENGALURU, India Bad debt held by India's banks must be cleaned up if the country is to achieve stronger economic growth, Reserve Bank of India Governor Raghuram Rajan said on Wednesday, in his second major speech since announcing he will step down i...

Banks shy away from startups because they lack collateral, says Raghuram Rajan

Jun 22, 2016 at 22:04 | Source: FirstPost

Bengaluru: Reserve Bank of India Governor Raghuram Rajan on Wednesday said startups lacking collateral is the main reason for not being able to get funded by banks."Across the world startups don't have collateral. The banker wants to see what he...

As Raghuram Rajan prepares to step down, RBI governor urges PSU banks to clean up bad debts

Jun 22, 2016 at 18:40 | Source: FirstPost

Reserve Bank of India (RBI) Governor Raghuram Rajan urged the country to clean up the bad debt held by its banks, calling it key to achieve stronger economic growth, in his second public appearance since saying he will step down in September.In a spe...

Sebi, exchanges step up vigil to tackle 'Brexit' jitters

Jun 22, 2016 at 16:30 | Source: FirstPost

New Delhi: Sebi and stock exchanges have beefed up their surveillance mechanism to deal with any excessive volatility in the run up to the 'Brexit' referendum whose outcome is keenly awaited by the investors. Ahead of the referendum, stocks and rupee...

Make financial sector a pillar of future economic growth: World Bank tellsgovt and RBI

Jun 22, 2016 at 15:14 | Source: FirstPost

Talk about coincidences. Two days after Raghuram Rajan set all kinds of dovecotes aflutter with his missive about not staying on as central bank governor, and as debate over his legacy was raging, the World Bank released its June 2016 India Developme...

Swamy hurting investment sentiment in India, abroad: Mohandas Pai

Jun 22, 2016 at 14:49 | Source: FirstPost

The Narendra Modi government's maverick MP Subramanian Swamy's rant against Arvind Subramanian, the chief economic advisor has brought back a situation of fear and uncertainty with regard to the government and captains that drive major policies of th...

Swamy vs Arvind Subramanian: There is more to it than meets the eye

Jun 22, 2016 at 09:45 | Source: FirstPost

'Licence Raj' or 'Permit raj' and later 'Inspector Raj' are terms we are all familiar with. Soon, a new one, Swamy Raj, could emerge to be a part of urban folklore. This refers to the tirades unleashed by BJP parliamentarian and party warhead Subrama...

India cigarette maker ITC's CEO Deveshwar to step down next year| Reuters

Jun 22, 2016 at 00:45 | Source: FirstPost

ITC Ltd (ITC.NS), India's largest cigarette maker, said Yogesh Deveshwar would step down as chief executive next year and serve as non-executive chairman for three years thereafter. ITC's board had "strongly urged" Deveshwar to continue as ...

Raghuram Rajan exit: Will experts reveal reality behind doomsday predictions?

Jun 21, 2016 at 14:17 | Source: FirstPost

A non-economist like me is highly confused.For the past month or two, volumes of opinions and news reports in print, digital and broadcast articulated by a number of leading economists and financial experts have been telling ordinary citizens that ...

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