By the turn of the century, he sold his takeover business to Arthur Anderson, one of the top consultants that collapsed after the Enron scandal in the US.
“The Budget will go a long way in lowering the fiscal risk in the economy," said Reserve Bank of India's deputy governor, Urjit Patel.
"The central bank has made this a precondition for at least two international banks - National Australian Bank and Westpac Banking Corp."
Developed emerging markets are very important from a global fund’s perspective. But some are not free markets, says Satvinder Singh.
By that yardstick, current account deficit takes the centre stage at the RBI policy making as inflation and fiscal deficit are pushed to the background.
The rate cut may please the markets, but may not be a great booster for the economy as borrowing costs for many won’t ease soon.
By granting permission to a company to buy its own stock, it is granting them licence to rig its share price.
Dynastic culture is harming the nation’s fabric and there are no new Infosys or Bharti in sight, says Prof Marti Subrahmanyam.
Under economist PM, economic thought is reversing if one goes by the advocacy of curbing gold demand as a panacea for economic ills.
The 49-yr-old, a cricket and football fan from The Boston Consultancy Group, will have a two-year term at RBI in policymaking, succeeding Subir Gokarn.
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