The Union government is reportedly considering doing away with the practice of presenting a separate Railway Budget.
The Union government is reportedly considering doing away with the practice of presenting a separate Railway Budget.
The advanced economies have been experiencing their longest period of slow growth in many decades.
Given that it is only a temporary breather for PSBs, the government now needs to look at the harder options.
Traditionally, food prices have been seasonal in nature.
This challenge has been made a little more daunting with the addition of two new uncertainties.
A three-year validity of an inflation target is, perhaps, more reasonable and practicable.
The advanced economies have been experiencing their longest period of slow growth.
Will the government now push to move away from what Mr Rajan has been doing in the last few years?
The earlier attempt by the authorities in Dhaka that Islamist militancy had not established a presence in Bangladesh will now have to be given up.
Prime Minister Narendra Modi defended Mr Rajan, but it would be debated why he took so long to dub criticisms like those against the RBI governor as improper.
'This has to be seen in the context not only of the legacy we inherited, but also of global economic weakness.'
'If after inheriting the very bad situation we have reached this level despite consecutive years of drought and no growth in the world economy, it is no accident.' 'It is a result of the sound macro economic policies followed by this government.' 'We have eschewed populism and stuck to a path of fiscal prudence.'
India has not made the giant leap that was needed.
An early choice will also allow Mr Rajan to do some hand-holding.
The recent revelations come six years after another round of tapes stole the limelight.
While Raghuram Rajan's departure under these circumstances is a pity, it would be wrong to conclude that the RBI or the economy cannot do without him.
Fiscal federalism should not be sacrificed at the altar of GST.
Mr Swamy has written letters to the Prime Minister's Office asking for Mr Rajan's services to be terminated.
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