Subbarao's tenure between 2008 and 2013 saw innumerable instances of meddling by the central government in various forms including publicly commenting about the interest rates.
India is better protected against global uncertainty because its economy is not as dependent on export income, Staley said.
"The vote to leave the European Union is clearly a major political moment and one that created a political crisis in Europe and a challenge in the UK."
Both Pranab and Chidambaram pressed for rate cuts to revive investments even though accelerating inflation called for the opposite, Subbarao writes.
'Debt-trap is death-trap' was the Swadeshi band's slogan in the 80s, mostly warning the government against going to the World Bank or the Inter national Monetary Fund with a hat in hand.
On Raghuram Rajan’s decision to leave Mint Street there are as many reasons floating around as the number of speeches he made in the last three years.
Rajan’s mission of inflation targeting and clean-up of banks are accomplished. Unless someone is determined to wreck institution, it is difficult to reverse the direction.
Jobs are going to happen through more labour intensive activity, through services,however large-ticket manufacturing is not the biggest job creator.
In normal political course, Subramanian Swamy might have had his way. But Modi has been treading a different path that few pundits have figured out.
Axis Bank rattled investors with the disclosure of record-high provisions and projection of how much defaults can happen in the next two years.
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