Modi recently said that he did not agree with a culture that criticises corporates and industry. This is a deliberate attempt at reshaping a political atmosphere where deeply entrenched socialist biases and empty pro-poor rhetoric dominates public discourse.
There are several contentious issues underlying the tussle between the government and the Reserve Bank of India. Here’s a short explainer around the issues involved.
The report also recognises India as one of the top 10 improvers in this year’s assessment, for the second successive time. India is the only large country this year to have achieved such a significant shift.
The government and the RBI have had differences on the way the central bank has managed the liquidity crisis triggered by the IL&FS issue, as well as its decision to restrict lending by NPA-laden banks.
Sakshi Batra in conversation with Gaurav Choudhury, Deputy Executive Editor, Moneycontrol finds out what could be the macro implications of this rift.
Moneycontrol's M Saraswathy gets all the details from banking correspondent Beena Parmar over the possible measures the IL&FS board can take to revive the fortunes of the company.
About 9 percent year-on-year depreciation in the rupee in Q2FY19 will help pharmaceutical companies in passing on input cost hikes and manage the pricing pressure, it said.
The Reserve Bank had given six months time till October 15 to global payment companies to store transaction data of Indian customers within India.
Kant further said that there is an urgent need to restructure entire existing public private partnership (PPP) framework as there are delays in completion of infrastructure projects due to disputes.
The government is likely to impose Section 7, which could curb the central bank's autonomy.
This blog will keep you posted on the latest developments around the ongoing rift between the government and the Reserve Bank of India (RBI)
The secretary also said that to increase availability of funds for startups, the department has asked Small Industries Development Bank of India (SIDBI) to commit Rs 3,300 crore by March next year.
IL&FS' board has decided to return the money to the retail shareholders who had submitted applications
Multiple media reports on Wednesday said the government has invoked Section 7 of the RBI Act,
Leading indicators point to a growth slowdown.
The apex court has directed the Centre to disclose information on the Rafale deal that should legitimately be put in public domain
Sundararajan was responding to a question on the action plan of DoT to achieve targets set by the government under National Digital Communications Policy (NDCP) 2018.
The development shows that relations between the central bank and the Executive at the moment are about the coldest they have ever been
Multiple media reports say the government has decided to invoke Section 7 of the RBI Act. The Section, when invoked, clamps down on the autonomy of the central bank.
This section has never been used in India until now, not even during the 1991 Indian economic crisis.
The board is now considering several options, including selling stake in the company and its subsidiaries to a financially strong investor
The report says failure to work out a deal would result in a 5.5 percent decline in Britain's economy over three years relative to current expectations, and adds that most of the loss would 'likely be permanent.'
The Purchasing Managers' Index (PMI), a key gauge of factory conditions, came in at 50.2 for the month, down from 50.8 in September, the National Bureau of Statistics said.
Speaking about demonetisation, Jaitley said that the move proved that formal economy was the government's goal.
Royal Institute of Chartered Surveyors (RICS) has 2,500 such professionals in the country