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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.
File photo Shaktikanta Das | PTI photo

Shaktikanta Das expected to play it safe at his first RBI board meeting tomorrow

RBI board is likely to sign off on terms of reference of the committee that will look into the issue of transfer of surplus RBI reserves.

On Camera

File photo of Narendra Modi at the Dhola Sadia Bridge, across River Brahmaputra, in Assam | PIB

Under Modi government, the PMGSY road scheme is connecting every last Indian

Beneficiaries of the programme from Manipur, Meghalaya and Odisha talk about how their lives were transformed thanks to the newly built roads.

Rahul Gandhi’s Rs 72,000 income pledge: Are populist freebies the only way to win elections?

Congress president Rahul Gandhi Monday pledged to give Rs 12,000 per month to every family in India if the Congress is voted to power in the 2019 elections.

Defence

A Chinook helicopter

India inducts Chinook helicopters, adds muscle to military along China border

Each Chinook helicopter can lift 45 soldiers, artillery guns or even light armoured vehicles to high altitudes. It can also fly through narrow mountain valleys.
National Interest

Why Rahul Gandhi’s Congress is in danger of morphing into a clueless NGO

Congress has questions but no answers, ‘leaders’ but no winners. Weeks before polls, it’s behaving like a virtuous, anti-establishment NGO just doing its thing.