rbi

Narendra Modi’s government is losing economists left, right, and centre

Narendra Modi’s government is losing economists left, right, and centre

In quick succession, two top economists in India have vacated their posts. A day after the Reserve Bank of India (RBI) governor Urjit Patel created…
Timeline: How Modi’s hand-picked RBI governor turned against his own government

Timeline: How Modi’s hand-picked RBI governor turned against his own government

Urjit Patel’s stunning move yesterday (Dec. 10) to resign as the 24th governor of the Reserve Bank of India (RBI) has sparked another bout of…
The Modi government, the RBI governor and the mess that is the Indian economy

The Modi government, the RBI governor and the mess that is the Indian economy

The sheer ineptitude of economic policymaking under prime minister Narendra Modi’s government has been evident from almost the beginning of its tenure. What is also…
The six key reasons for the falling-out between Urjit Patel and Team Modi

The six key reasons for the falling-out between Urjit Patel and Team Modi

It became evident yesterday (Dec. 10) that even the keenest industry-watchers had misjudged the extent of the rift between India’s government and its central bank.…
RBI governor Urjit Patel quits after months of friction with Modi government

RBI governor Urjit Patel quits after months of friction with Modi government

Reserve Bank of India (RBI) governor Urjit Patel has resigned from his post with immediate effect. In a statement published on the central bank’s website…
Why Asia’s richest banker is dragging India’s central bank to court

Why Asia’s richest banker is dragging India’s central bank to court

A dispute between Kotak Mahindra Bank (KMB), India’s fourth largest lender by assets, and the country’s banking regulator has reached the courts. The Reserve Bank…
Six takeaways from India’s central bank policy meeting

Six takeaways from India’s central bank policy meeting

India’s central bank is apparently reassured by cooling inflation and reinforced investment activity. In its fifth bi-monthly policy announcement for the year, on Dec. 05,…
Months ahead of national polls, India’s economic health is under a cloud

Months ahead of national polls, India’s economic health is under a cloud

With just a few months left for the 2019 general election, the Narendra Modi government is putting up a brave face on the economy. But…
Half of India’s ATMs could shut down next year

Half of India’s ATMs could shut down next year

India’s up for another bad bout of a cash crunch as half of the country’s ATMs could soon disappear. Almost 113,000 ATMs in India—50% of…
An urgent checklist for WhatsApp’s new India head

An urgent checklist for WhatsApp’s new India head

After headhunting for eight months, WhatsApp has finally found someone to lead its India operations. The world’s largest messaging service platform yesterday (Nov. 21) named…
India’s central bank and government call truce after nine-hour meeting

India’s central bank and government call truce after nine-hour meeting

After weeks of open sparring, India’s central bank and the Narendra Modi government seem to have found middle ground. A marathon nine-hour meeting attended by…
RBI versus Modi government: Timeline of a bitter battle

RBI versus Modi government: Timeline of a bitter battle

India’s financial markets are on heightened alert ahead of a crucial board meeting of the country’s central bank today (Nov. 19). The build-up to the…
After an incredible boom, e-wallets are dwindling in India

After an incredible boom, e-wallets are dwindling in India

The proliferation of digital wallets seems to have ended—and even reversed—in India. From just one in 2006, the number of firms offering e-wallet services had…
The worst may be over for the Indian rupee—for now

The worst may be over for the Indian rupee—for now

The year-long slippery slope may have ended for the Indian rupee—at least for now. The sharp depreciation of the currency against the US dollar this…
Why it won’t be easy to ban cryptocurrencies in India

Why it won’t be easy to ban cryptocurrencies in India

Plans are afoot in India to ban cryptocurrencies. While it is as yet unclear what exactly the government’s move against cryptocurrencies will be, what is…
Two years after demonetisation, India is still struggling to create jobs

Two years after demonetisation, India is still struggling to create jobs

Two years since the Narendra Modi government derailed the Indian economy with the note ban, it is still limping, at least on the jobs front.…

India central bank governor could resign on November 19: report

Reserve Bank of India (RBI) Governor Urjit Patel could resign at the central bank's next board meeting on November 19, online financial publication Moneylife reported on Wednesday, citing sources in

India central bank governor could resign on Nov 19: report

Reserve Bank of India (RBI) Governor Urjit Patel could resign at the central bank's next board meeting on November 19, online financial publication Moneylife reported on Wednesday, citing sources in
Indians are in no mood to splurge this festive season

Indians are in no mood to splurge this festive season

Burdened by high fuel prices and inflation, Indians are being more tightfisted than usual this festive season. While offers and discounts may help make a…
Here’s what could happen if India bans cryptocurrencies

Here’s what could happen if India bans cryptocurrencies

The Indian government mulling a blanket ban on cryptocurrencies has set off alarm bells in the ecosystem. For such a move could deal a body…