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Arun Jaitley: From 19 months in prison to the high table of Indian economic affairs
He had been on life support since Aug.9.
Less than a month into Modi 2.0, a deputy governor of India’s central bank has quit, media reports say
Viral Acharya had differences with governor Shaktikanta Das, media reports say.
India’s central bank chips in a third straight time to help revive the economy
The repo rate is at its lowest since July 2010.
India’s latest economic data spells bad news for Modi in poll season
Factory output has fizzled, and inflation is at a four-month high.
India’s central bank finally toes the line, pays $4 billion advance to government
The money will help the government fund its pre-poll sops.
A year on, India is still reeling from its biggest bank fraud while the perpetrators are at large
Punjab National Bank posted a surprise profit last quarter
Indian consumers are feeling optimistic, but nobody knows why
Consumer confidence was at a two-year high in December.
Five key takeaways from India’s new central banker’s maiden policy review
With a rate cut and a change in stance, Shaktikanta Das has managed to woo industries and investors in his maiden monetary policy announcement as…
India’s central bank wants to open up the payments ecosystem to avoid monopoly risks
The spectre of a “too-big-to-fail” moment in India’s retail payments sector has the central bank worried. And this may soon open the doors to many…
India’s courts are unlikely to fix the crypto crisis anytime soon
The courtroom battle between India’s cryptocurrency exchanges and the central bank is set for its next hearing today—but nobody expects an end to the stalemate.…
PayPal says e-wallets will soon be extinct in India
India’s transformation to a cashless economy is beset with difficulties. While the number of payment firms in the country has grown rapidly, the volume of…
India’s central bank is betting on this technology to make online card transactions safer
Digital transactions in India are booming—so is cybercrime. And the Reserve Bank of India (RBI) is keenly watching. On Jan. 08, the central bank put…
India’s Rs2,000 notes were always meant to be phased out
India’s crisp, pink Rs2,000 notes are a grim reminder of the massive demonetisation exercise prime minister Narendra Modi’s government undertook in November 2016. The overnight…
India’s central bank throws a lifeline at debt-hit small businesses
India’s central bank has doled out a new year’s gift to the country’s small enterprises reeling from the double whammy of demonetisation and the goods…
Narendra Modi says he cleansed the Indian economy and now it is primed for growth
Narendra Modi hasn’t wasted any time. The Indian prime minister began 2019, a year he will be seeking re-election, with a broad defence of even…
Ten events that rocked India’s banking industry in 2018
When the over 150-year-old US investment bank Lehman Brothers went bust in September 2008, it sparked a global financial crisis and a gradual erosion of…
India throws another lifeline at its struggling government banks
India wants to expedite the process of pulling its ailing state-owned banks out of the woods. The government will soon seek parliament’s nod to sanction…
S&P warns of disastrous consequences if Indian central bank loses its autonomy
Global credit-rating agencies are sounding caution against the perceived threat to the Indian central bank’s autonomy. S&P Global Ratings yesterday (Dec. 17) warned that the…
Charted: Narendra Modi’s big bad jobs problem ahead of India’s 2019 elections
The spectre of jobless growth is haunting India. Despite being the world’s fastest-growing major economy, India’s employment rate declined from 43.5% in January 2016 to…
Modi is now a struggling prime minister saddled with a troubled economy
It was dubbed the “semi-final” before the national elections of 2019. So the big two national outfits—the Bharatiya Janata Party (BJP) and the Indian National…