Prime Minister Narendra Modi has come under increasing pressure to fire the economy, with unemployment hitting its highest level since the 1970s.
Shaktikanta Das
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emerging market
India’s central bank cuts interest rate with more easing seen
Thursday’s cut reverses the 50 basis points of increases delivered by the Reserve Bank of India last year
election campaign
India’s Central Bank injects liquidity into mark in bid to soften lending rates
The Reserve Bank of India is slated to buy back $1.8 billion worth of government securities this week
India inflation
India Central Bank faces trouble getting banks to cut rates
A mismatch between deposits and credit growth, and competition from the government for small-savings mean banks face a high cost of capital, limiting their ability to transmit monetary policy easing
Indian Finance Ministry
India central bank cuts rates ahead of election
It marked the first interest rate decision under new bank chief Shaktikanta Das, an ally of Modi who was appointed in December after his predecessor
Debt restructuring
India’s central bank to allow banks restructure stressed loans to small firms
As much as $18.7 billion of loans made to small firms are stressed, according to data
Arun Jaitley
New India bank chief Shaktikanta Das vows to uphold its independence
Shaktikanta Das’ predecessor Urjit Patel resigned following a row over alleged government interference
Indian Prime Minister Narendra Modi
India names Modi ally Shaktikanta Das as new central bank chief
Shaktikanta Das has worked with various government bodies and was part of the economic affairs ministry when Modi announced his controversial cash ban that scrapped 86% of notes overnight