Bench finds reasonable apprehension of bias as Sanjay Malhotra sat on panel that rejected Captain Pramod Kumar Bajaj’s candidature and directs reconsideration within four weeks.
With Sanjay Malhotra at the helm, RBI could shift towards a more dovish monetary policy, but the conventional policy response of rate cuts will not be a given with rising pressure on rupee.
Interestingly, the only governments that did not appoint a civil servant as the RBI governor were those led by Morarji Desai, Indira Gandhi in her second stint, and P V Narasimha Rao.
Speaking at an event in Delhi, Shaktikanta Das said India’s potential growth rate was 7.5% & economy could 'eventually' grow at 8%, adding the current yr's growth was expected to be 7.2%.
Shaktikanta Das' remarks come after Economic Survey said private sector wasn't investing enough in productive areas & Sitharaman highlighted its 'big role' in making India developed nation.
The central bank kept the key repo rate unchanged for an eighth straight policy meeting earlier this month saying robust economic growth will give it space to focus on bringing down inflation towards its medium-term target.
While the US military campaign couldn’t fetch strategic outcomes, the IRGC’s capacity to disrupt does not mean that Iran has escaped tne cumulative cost either.
Federal think tank in its latest report maps India’s workforce and learners across five segments, reveals that fewer than one in 12 secondary schools currently offer vocational subjects.
Maritime security agreement opens avenues for joint development of naval ships and design, greater use of Indian shipbuilding and repair facilities by Japan.
Forty years ago this week, ‘Khalistan Commando Force’ assassins were closing in on Gen Vaidya. So callous was the security of the just-retired Army chief that he was given a solitary police gunman
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