During the Budget presentation in February, then Finance Minister Arun Jaitley had projected the fiscal deficit target at 3.3 per cent of GDP for the financial year 2018-19.

Although the names of several economists, including Rathin Roy, Sanjeev Sanyal, Nagesh Kumar, and Surjit Bhalla, are doing the rounds, none of them has thrown hat in the ring yet.

Market breadth was positive with 1612 stocks closing higher against 1041 ending lower on the BSE. 164 stocks were unchanged. M&M (3.56%), Coal India (3.02%), Dr Reddy's (2.52%) top Sensex gainers.

The following facts reveal that the claim of bipartisan support is an exercise in factual misrepresentation.

Last year, when the Prime Minister demonetised old Rs 500 and Rs 1000 currency notes it was feared that the country's economy would be severely hit.

According to reports, Prime Minister Narendra Modi's crackdown on black money and tax evaders by scrapping Rs 500 and Rs 1,000 rupee banknotes has taken the economy down a very bumpy road. How bumpy depends who's talking!

Consumers are willing to splurge once again on a range of products. This is just what the doctor ordered for the Indian economy.

Aides to Prime Minister Narendra Modi have sought to show that the search and selection process has been deliberate and controlled, that the nation's leader and the Finance Minister Arun Jaitley were closely involved.

Prime Minister Narendra Modi and Finance Minister Arun Jaitley are expected to meet on Thursday to decide the name of next RBI governor.

Addressing a spate of issues from inflation to interest rates, Raghuram Rajan said that the clean-up process of banks' balance sheets should have begun earlier.

The list of contenders for the RBI top post does not seem to end. The latest to join the fray is Kaushik Basu. Here are five things to know about likely successor to Raghuram Rajan.

RBI governor Raghuram Rajan's successor is likely to be named only after he chairs his final policy meeting on August 9, 2016, a Reuters report said on Tuesday.

Fixing power problems is paramount for enhancing India's international competitiveness.

It may just be that he was told that the government did not plan to renew his term. Or it could have been that the conditions set for his term to be renewed were not something he could accept.

The World Bank has lowered its forecast for the global growth in 2016 to 2.4 per cent, saying that the world economy is facing stronger headwinds.

This memoir of the author's time as India's chief economic adviser is loaded with lessons in economics and has fascinating stories.