Rupee closes at three-week low of Rs71.34 vs dollar

The currency fell as much as 53 paise in intraday trade on Monday on deepening concerns over the political uncertainty in the wake of the results to key state elections.

Moody’s on Urjit Patel: Govt attempt to curtail RBI Independence credit negative

Patel's resignation came just 4 days ahead of the December 14 meeting of the Reserve Bank that could have discussed issues of simmering differences with the government.

Urjit Patel: The vigilant owl flies out in protest, as the nest comes under attack

Patel's three-year tenure was scheduled to end early September 2019 and he had hinted at rate cuts in the future if the RBI continues to see a dip in inflation.

Urjit Patel’s resignation will be bad for economy, warns Subramanian Swamy; gives this advice to PM Modi

Senior BJP leader and Rajya Sabha member Subramanian Swamy on Monday warned that Urjit Patel's resignation as Reserve Bank of India (RBI) governor will be bad for the economy.

Vijay Mallya’s 1st reaction after big loss; says extradition order ‘unfortunate’, legal team will review case

After facing a big loss at a UK court, Vijay Mallya called the decision to allow his extradition to India "unfortunate" and said that his legal team will review the case.

Here’s what PM Modi said about Urjit Patel after his resignation as RBI governor

Urjit Patel steered the banking system from chaos to order and ensured discipline. Under his leadership, the RBI brought financial stability, PM Modi said.

Raghuram Rajan reacts to Urjit Patel’s resignation; says ‘Dr Patel has made a statement’

Raghuram Rajan on Monday reacted to Urjit Patel's decision to step down as Reserve Bank of India (RBI) governor and said that he has made a statement that the autonomy of the central bank should not b

Urjit Patel resigns as RBI governor; cites personal reasons

On account of personal reasons, I have decided to step down from my current position effective immediately, said Urjit Patel.

Demonetisation debate: Uday Kotak says no logic behind Rs 2000 note; will it stay long? What economists say

Two years after Modi government announced the controversial demonetisation decision, Uday Kotak has come out in open saying the noteban was not properly planned.

Ruling in Vijay Mallya’s extradition case expected today; liquor tycoon talks of settlement, again

The 62-year-old former Kingfisher Airlines boss, Vijay Mallya, has been on bail since his arrest on an extradition warrant in April last year.

Interim Budget 2019: Who are the people behind Union Budget? How is it kept a secret?

Interim Budget 2019: The process of making the interim Budget 2019-20 has begun. This will the last budget of the current NDA government under the leadership of Prime Minister Narendra Modi and Financ

Modi government cuts Power-for-All target as deadline nears

As well, areas were considered electrified if only 10 percent of its households had power, leaving swathes of rural India still in the dark even as the village-level electrification goal was lauded a

Important for Indian govt to heed RBI’s message on financial stability, says IMF Chief Economist

Obstfeld said if one looks at the record, the decisions taken by central banks worldwide did stabilise the economy by avoiding much worse losses in output and employment.

Direct tax collections jump 16% in April-November period

In a boost to the government, the direct tax collections during April-November period are up nearly 16 percent as against the corresponding period of the last year.

Inflation may have softened in November to 16-month low: Reuters Poll

Indian inflation is likely to have cooled to a 16-month low in November, according to a Reuters poll, as food and fuel prices fell, supporting the Reserve Bank of India's decision to keep interest rat

Flexible intellectual property will help China to diffuse trade tensions: IMF

Flexible intellectual property and opening up more to foreign investment will help China diffuse its trade tensions and enhance Beijing's economic stability, a top IMF official has said.

Japan’s economy shrinks most in 4 years as global risks hit business spending

The capital expenditure component of GDP fell a sharp 2.8 percent from the second quarter, worse than the expected 1.6 percent decline and the preliminary 0.2 percent drop.

PM Modi’s farm exports target: Difficult but achievable

India’s agriculture exports will have to grow at a compounded annual growth rate of 25% over the next 3 years to achieve the target of doubling farm export by 2022, which is crucial to the target of

Farm export policy: High target may remain beyond reach without reforms, incentives

It’s better to have at least a policy that promises a predictable export regime with no curbs on processed and organic farm products, than not to have at all.

Disinvestment drive gathering pace: Receipts nearing FY19 target; to hit Rs 65,000 crore by Jan-end

Last year, the Centre’s disinvestment receipt was a record Rs 1 lakh crore including Rs 36,915 crore from sale of its 51% stake in HPCL to ONGC.

Ease of doing business: PM Modi to meet department secretaries on Dec 13

PM Modi will deliberate on measures with Cabinet secretary PK Sinha along with secretaries of various government departments.

Rabi crop area still trails year-ago level; mandi prices of summer crops below MSPs

The agriculture ministry initially budgeted for just Rs 200 crore for price support schemes, but the Cabinet has raised the budgetary provision to over Rs 15,000 crore for the implementation of PM-AAS

India should brace itself for slowdown for some time, says Ex-CEA Arvind Subramanian

The current rates are 28 per cent, 18 per cent, 12 per cent and 5 per cent.

Bumpy ride: Bruised Euro-zone economy stumbles on after 2018 beating

Germany’s supposed powerhouse economy contracted over the summer, and Italy is not only shrinking but also reviving memories of the regional debt crisis.

Yuan vs Dollar: Why China’s currency evaluation policy is a bad Kabuki play

The yuan spiked after the agreement, even as the dollar index remained essentially flat.

China Foreign Ministry summons US ambassador, says should withdraw arrest warrant for Huawei executive Meng Wanzhou

China's foreign ministry called in the U.S. ambassador on Sunday to lodge a "strong protest" over the arrest in Canada of Huawei Technologies Co Ltd's chief financial officer, and said the United Stat

Demonetisation threw up political, economic puzzles, says Arvind Subramanian

Drawing the link between demonetisation and GDP numbers, former Chief Economic Advisor Arvind Subramanian has said the puzzle thrown up by the note ban has a dual aspect - whether its impact as seen i

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