Calling for less politicisation of the public sector, Rajan says the \"banking reforms were hijacked by bureaucracy\", and that they are now a \"missed opportunity\".

India's infrastructure spending is estimated to touch at least Rs 50 lakh crore by fy 2022, but the current pace of spending and development is slow.

7.32 lakh jobs created in Nov; employment up by 48% in formal sector: EPFO payroll dataEmployment generation in the formal sector increased by 48 per cent to touch a 15-month high of 7.32 lakh in November 2018 as compared to 4.93 lakh in the year-ago month, according to the latest EPFO payroll data. Around 73.50 lakh new subscribers were added to the social security schemes of the Employees' Provident Fund Organisation (EPFO) from September 2017 to November 2018, the data showed. This indicat...

\"Historically, India had a bigger role in the region but China has now grown much bigger than India and has presented itself as a counter balance to India in the region,\" Rajan said at the WEF Annual Meeting 2019.

\"India will be in a better position to create the infrastructure in the region which China is promising today. But this competition is good for the region and it will benefit for sure,\" says Rajan.

The latest OMO to be conducted Thursday has been decided \"based on an assessment of prevailing liquidity conditions and also of the durable liquidity needs going forward,\" says the RBI.

If this fall continues, it is not a good sign for country's macro-economic stability.

The RBI has asked banks to make provisions for loans extended to the beleaguered NBFC

The RBI's policy paper on 'Authorisation of New Retail Payment Systems' proposes a multi-pronged policy action for a more appropriate level of retail payment systems and operators.

The rich and powerful from across the globe are flocking to the ski resort town of Davos on the Swiss Alps for five days beginning today to discuss what's ailing the world economy. More than 100 CEOs from India are expected to attend.Due to ongoing political and economic issues in their respective countries the US President Donald Trump, Britain's Theresa May, France's Emmanuel Macron and Russia's Vladimir Putin, have decided to stay away from this annual jamboree.Those expected to attend inc...

In a stock exchange filing, the country's second-biggest state bank said the government had removed K. Veera Brahmaji Rao and Sanjiv Sharan \"from the office of executive director\" with immediate effect. The filing did not give a reason.

Indian stock markets have been ahead of most emerging markets in 2018. India is set to offer attractive returns as earnings recovery pulls in foreign investors.