India's retail inflation is expected to have eased in February helped by falls in prices of some food items, after edging up for six straight months, raising expectations of a central bank rate cut next month.
The Union Budget for financial year 2016-17 is guided by the ground situation rather than populism, Finance Minister Arun Jaitley told Directors of the Reserve Bank of India's central board on Saturday.
Reserve Bank of India (RBI) Governor Raghuram Rajan called on Saturday for global central banks to adopt a system for assessing the wider impact of their policies.
Just when the government and the Reserve Bank of India are considering a bouquet of solutions including consolidation to revive the health of public sector banks, hit by bad debts, one of the top international financial journalists and analysts Martin Wolf has warned that "consolidation doesn't solve the problem of a bad banking sector" but it "cou...
Reserve Bank of India Governor Raghuram Rajan said on Saturday the government's 2016-17 Budget had been "fiscally prudent", and the establishment of a monetary policy committee to set interest rates would help the central bank fight inflation.