Saturday, 25 May, 2019
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Shaktikanta Das

Modi govt refuses to disclose appointment details of RBI governor Shaktikanta Das

Replying to an RTI query, govt declined to share the details, including names of short-listed candidates and file notings related to the appointment.
Representational image | Dhiraj Singh/Bloomberg

3 key themes that will impact growth of Indian economy in 2019

A loss for Modi in the general election is a risk in terms of policy continuity, and investors are watching the events closely.
File photo of Urjit Patel | Dhiraj Singh/Bloomberg

Urjit Patel had told me he wanted to quit as RBI governor 6-7 months back – Modi

PM Narendra Modi said Urjit Patel had been considering leaving his position as governor of Reserve Bank of India for several months.
Shaktikanta Da

RBI governor Shaktikanta Das to meet private sector lenders next week

Das took over as the Governor of RBI last week following the abrupt exit of Urjit Patel. 

RBI has excess capital in Rs 5.7-7.9 lakh-crore range, says paper by Arvind Subramanian

The paper adds to ongoing debate on transfer of excess RBI reserves to the govt that has been a major bone of contention between the two parties this year.
File image of Arvind Subramanian | Flikr

Arvind Subramanian defends Urjit Patel’s ‘terrific job’, says need to address NPA issue

Former CEA Arvind Subramanian says RBI autonomy critical but it’s also important to hold it accountable as there have been lapses like in case of IL&FS.
Reserve Bank of India (RBI) logo in the RBI building in Mumbai | Karen Dias/Bloomberg

Fears for the RBI’s freedom are overblown

If the government deserves blame, it’s for not holding the RBI to account much sooner, not for undermining its independence.
RBI

RBI’s new chief Shaktikanta Das buys time as worries on autonomy linger

Investors are reassured about the RBI's autonomy for now as new governor Shaktikanta Das is considered more amenable to the Centre’s requests.
Finance Minister Piyush Goyal speaks in the Lok Sabha during the Monsoon session of Parliament | PTI

Piyush Goyal slams RBI under Urjit Patel — one cannot have power without being responsible

Union minister Piyush Goyal lashes out at move by RBI under Urjit Patel to change norms of the prompt corrective action for banks.
Reserve Bank of India (RBI) logo in the RBI building in Mumbai | Karen Dias/Bloomberg

Autonomy worries are top of the mind as RBI board meets under new governor

The 18-member RBI board is expected to discuss a proposal by the Modi govt for closer supervision of the central bank.

On Camera

File photo of Smriti Irani | Facebook

Smriti Irani’s makeover: From being most disliked Modi minister to dynasty slayer in Amethi

After causing the biggest upset in 2019 elections, Smriti Irani has ensured she can no longer be ignored by PM Modi and Amit Shah.
elections

Does Congress have a future in India after 2019 Lok Sabha election results?

The Congress party faced a crushing defeat in the 2019 Lok Sabha elections at the hands of Narendra Modi-led BJP.

Defence

Ministry of Defence building

On new govt’s defence agenda — 4 key projects to boost India’s military prowess

Indian Air Force and Indian Navy are in dire need of fighter jets, helicopters and submarines, and the new government has to ensure that they get them.
Prime Minister Narendra Modi in Varanasi in 2014 | Commons

Pracharak Modi: The mask you see, is the man you get

India has its first leader who is unapologetic about belonging to the social and political Right. This is how Shekhar Gupta foresaw Modi’s five years in this National Interest within three months of his victory in 2014.