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Will policymakers learn from the growth setback?
The writing has been on the wall for a while. So, it was not surprising to see the government forecast for growth this year to be a shade below seven per cent. But just because the numbers weren’t unexpected, it doesn’t make these any more palatable. Not only is this a significant moderation from the eight-plus per cent growth in the last two years but, barring the global financial crisis

Bankers' pay cheques now under RBI scrutiny

If you are a private or foreign banker, Big Brother will keep a watch on your salary structure. The Reserve Bank of India (RBI) on Friday came out with a set of stringent guidelines to govern

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Q&A: C Rangarajan, PM's Economic Advisory Council

Industrial growth has entered the negative zone in October, two years after the global financial crisis. But Prime Minister's Economic Advisory Council chairman C Rangarajan pins hopes of a revival in

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Expected downgrade

In the current negative economic scenario, credit rating agency Moody's has done the expected: it has downgraded the outlook for Indian banks, indicating volatility and uncertain conditions in the

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Services PMI contracts

Economists advise caution in interpreting PMI numbers. In a clear sign the country is already in the midst of a sharper than expected economic slowdown, India's private sector service activities

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Shyam Saran: The coming global crisis - is India ready?

Recent developments in the US, the euro zone and even China hold out the depressing prospect that the global economy may be heading towards another financial and economic crisis, perhaps even more

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