Flash floods in Pakistan's Khyber Pakhtunkhwa province have resulted in a significant loss of life, with the death toll rising to 327 in the last 48 hours. The disaster has prompted relief efforts from the army and government agencies.
Rajan said there was full understanding between him and the Finance Minister Arun Jaitley on setting up of the PDMA
A strong 6.8 magnitude earthquake with the epicentre in Afghanistan shook Pakistan, killing at least 12 people and injuring nearly 250 others in both the countries, authorities said on Wednesday.
A powerful 5.9-magnitude earthquake jolted a mountainous part of Pakistan's Balochistan province early on Thursday, resulting in collapse of several houses that left at least 22 people dead and over 300 others injured, officials said.
FY16 GDP growth was seen at 7.5%, against 8.1-8.5% earlier.
Experts have started giving comments on provisions that the govt must make in Budget 2016-17.
The MPC states that the 4 external members will have a tenure of four years each.
The unions are opposing the government's move to take away the public debt management from the Reserve Bank and curtail its powers on the monetary policy.
Arun Jaitley had proposed to set up a Public Debt and Management Agency.
The Financial Sector Legislative Reforms Commission, chaired by Justice B N Srikrishna, has suggested a non-sectoral, principle-based approach to revamp the existing framework.
RBI's out-of-turn rate cut has surprise few economists.
Reserve Bank Governor Raghuram Rajan on Thursday said the central bank will continue its focus on taming inflation, speeding up resolution of distressed projects and ensuring enough capital for banks through balance sheet clean-up.
'We get an overzealous army of tax inspectors pushing the economy too hard,' says Ajay Shah.
Finance minister Arun Jaitley has few feathers in his cap for taking serious eff
The finance ministry is working on a Cabinet note for establishing a full-fledged Public Debt Management Office, officials told Business Standard.
The three main regulators have different approaches to grievance redressal and different standards to stop harmful from coming pitched at the consumer.
Chief Economic Advisor Arvind Subramanian's interview.
NDA government has shunned populism.
Indian economy about to take-off
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