Raghuram Rajan`s abrupt announcement of his departure as governor of the Reserve Bank of India came as a nasty surprise to many, especially his fans in the investment community, but the way Urjit Patel was chosen as his successor has been anything but.
With PM Modi's patronage, it is more likely the government will reappoint RaghuRajan, whose three-year term expires in September, should he wish to stay on, the sources said.
India will develop in real terms only when its social indicators point to reduction in poverty and improvements in living standards.
In an exclusive interview with Reema Sharma of Zee Media Group, Larbi Reffouh, Ambassador of the Kingdom of Morocco in India spoke on relationship between India-Morocco economic relations, bilateral ties et al.
Though headline growth figures make India one of the world`s fastest growing economies, weak private investment and low capacity utilisation rates have painted a less rosy picture.
We are below 9 percent now. The losses have been brought down from 53 percent when Tata Power took over in 2002.
Anil Swarup, Coal Secretary India, discusses in detail how the ministry managed to achieve an extraordinary turnaround for Coal India when it was facing a serious production crisis of its lifetime. He also believes that power and coal demand will grow soon, subsequent to implementation of UDAY scheme
For Indian farmer Sompal Singh, the light bulb that flickers outside his mud hut home is a symbol of progress: the first time electricity from the grid has reached his remote village since independence in 1947.
India's bad-loans problem looks much worse than lenders have been willing to acknowledge, heaping pressure on banks` profits and further tightening the screws on distressed debt that could be bigger than New Zealand`s USD 170 billion economy.
While the market is full of OTT content providers, it is time you have a look at– Ditto TV, India's first ever linear OTT TV platform.