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We Haven't Seen This In 39 Years!

Dr T V Somanathan is the first finance secretary to be appointed Cabinet secretary since 1985.His appointment at this juncture seems to carry much meaning for the forthcoming trajectory of reforms......

You dismissed the subject in just 10 words: Chidambaram cautions govt on inflation

Former finance minister P Chidambaram on Wednesday cautioned the government against taking inflation lightly, saying every family is hit hard by price rise and asked why the Reserve Bank of India......

EC slams Kharge over letter on turnout data, Cong hits back

The Election Commission on Friday reprimanded Congress chief Mallikarjun Kharge over his allegations on voter turnout data, calling it an 'aggression' on the vitals of live conduct of elections and......

What's Modi Up To?

No government in the past initiated the process of policy making for its next tenure even before going in for elections. Once the Model Code of Conduct is enforced by the Election Commission,......

Nitish cabinet passes resolution seeking special status for Bihar

The Nitish Kumar government in Bihar upped the ante on the Chief Minister's long-standing demand for grant of special status to the state with a resolution to the effect on Wednesday being passed......

Will RBI cut interest rate this October?

Reserve Bank of India (RBI) Governor Shaktikanta Das has said the decision on interest rate moderation will be based on long-term inflation trajectory and not monthly data. Photograph: PTI Photo......

RBI seen warming up for a neutral shift in stance

With concern on food inflation ebbing with the monsoon progressing well, the Reserve Bank of India (RBI) is warming up to the idea of a change in stance to “neutral” from......

Tracking non-food retail inflation trends in India

Amid a debate on the basis of a monetary policy stance, one may be curious enough to know how non-food retail inflation has behaved over the years in India. Illustration: Uttam Ghosh/Rediff.com......

''Growth Expected To Be 1% Below Last Year'

'A possible post-election growth momentum may be lost.' Illustration: Dominic Xavier/Rediff.com Ashima Goyal, external member, Reserve Bank of India's Monetary Policy Committee (MPC), who voted......

MPC Members Were Divided On Rate Cut

Deputy Governor Michael Patra warned about the spillover effects of food inflation. IMAGE: With food inflation pressures showing little sign of abatement in the near term and household inflation......

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