Sunday, 16 December, 2018

Economy

Reserve Bank of India (RBI) headquarters in New Delhi | Anindito Mukherjee/Bloomberg

Modi govt’s dangerous experiment in economic management

It’s a pattern seen elsewhere as well.

Rupee plunges to 72.42 per US dollar amid Urjit Patel exit, election trends

Sensex tanks over 500 points, Nifty falls below 10,400. Analysts say currency fall is a knee-jerk reaction. Indian assets declined as investors reacted to th...
File photo of Urjit Patel | Olivier Douliery/Bloomberg

Urjit Patel’s exit will do incalculable long-term damage to economic policy, says expert

The loss of Patel adds another layer of risk to monetary policy amid economic threats both foreign and domestic.
Urjit Patel (C) with Viral Acharya (L) at a news conference in Mumbai | Dhiraj Singh/Bloomberg

RBI quashes reports of deputy governor Viral Acharya’s resignation

Reports of Deputy Governor Acharya also having quit are baseless and incorrect, said an RBI spokesperson.

With Urjit Patel’s unexpected departure, Indian Rupee and stocks expected to slide

Patel's departure has stirred questions about the independence of the Reserve Bank of India amid a public spat with the government.
Mukesh Ambani and Nita Ambani with Hillary Clinton

With Isha’s wedding, Mukesh Ambani shows he is the real Crazy Rich Asian

The week-long extravaganza is estimated to cost about $100 million. 
Benegal Rama Rau

Before Urjit Patel, the last RBI governor to quit was under Nehru in 1957

In January 1957, Sir Benegal Rama Rau resigned after Prime Minister Jawaharlal Nehru's strongly-worded letter about the nature of RBI's function.
Urjit Patel, governor of RBI | Bloomberg

Urjit Patel resignation makes clear no economist can function under Modi govt, says Moily

It was clear to Parliamentary panel that Urjit Patel was under lot of stress and pressure, says former Union minister Veerappa Moily on RBI Governor’s resignati...
Reserve Bank of India Governor Urjit Patel | Dhiraj Singh/Bloomberg

On Urjit Patel’s resignation, FM Jaitley thanks him while PM Modi says he’ll be missed

RBI governor Urjit Patel, who resigned Monday, had succeeded Raghuram Rajan in September 2016 for a three-year term and demonetisation was implemented during his tenure. 
File photo of Urjit Patel | Dhiraj Singh/Bloomberg

Urjit Patel resigns as RBI governor, cites ‘personal reasons’

Urjit Patel, whose term as RBI governor was due to end next September, resigned on Monday. Urjit Patel resigned as governor of India’s central bank amid grow...
Johnson and Johnson Inc.

Lawsuits against Johnson&Johnson aren’t going away

J&J faces major liability risk from lawsuits over a possible link between asbestos in its talc products and cancer.

Modi’s BJP is not just Congress + cow, but it is Congress + cow + Indira Gandhi

Young Indians bought new hope & optimism of Brand Modi in 2014. Now they're confused & angry as BJP government turns out to be Indira-era Congress, plus a cow.