Why RBI's Rajan is not worried about market jitters

THE ECONOMIC TIMES Sat, Jan 23, 2016 | 01:22 PM IST Weekly Platter Newsletter

Raghuram Rajan rejects Arvind Panagariya's suggestion to ease inflation target; says central banks' easy money policy roiling world markets Rajan said the current global market turbulence may owe much to central banks persisting with stimulus programmes for too long. read more Modi government's emphasis on competitive federalism paying off: Devan Kaloo, Aberdeen Asset Management "PM has reinforced commitment to reform by quickly announcing new plans to liberalise FDI rules," says Devan Kaloo of Aberdeen Asset Management. China avalanche stokes fears of global recession China's slowing has caused the global demand for -and price of -commodities to collapse. Oil is now under $30 barrel, one-third of its rate in 2014.

Editor's Pick Why Raghuram Rajan feels market jitters are just jitters about jitters In his first appearance, the Reserve Bank of India governor handled every issue facing world markets with such ease that it looked like he knew it was coming. Bootstrapping - running a startup without equity funding is the better way forward Bhavin Turakhia, for sure has been celebrating bootstrapping since 1998. Turakhia took a loan of Rs 25,000 from his father and cofounded Directi in 1998. Here's why a resurgent Iran is good for India For the last 15 years, Iran's annual crude exports have halved: from a little over 2 million barrels per day (mbpd) to a little more than 1 mbpd. Cola industry stumped by Narendra Modi's juicy idea for aerated drinks PM Modi's suggestion that at least 2% natural fruit juice be added to aerated drinks is impossible to implement, soft drink industry executives claimed.

Most Popular This Week Government not letting petrol prices fall, it's pocketing crude gains: Shankar Sharma Infosys' Vishal Sikka goes the extra mile for Zero Distance Project Semi-high speed train Gatiman Express gets nod to run for one year Talent crunch makes startups like Paytm, Snapdeal , InMobi dish out multi-crore salaries PM Narendra Modi may bet on old faces and new to regain winning ways

Story of The Week PM Modi's start-up action plan: 3-year tax holiday, Rs 10,000 crore fund The announcement, at a government-organized on start-ups in New Delhi, comes months after Modi made a whirlwind tour of Silicon Valley. read more

Money Here's the tax payers' wishlist for Budget 2016 The Seventh Pay Commission has already put pressure on the government's coffers so it is unlikely that the FM will play Santa Claus this year. Best ways to save tax under section 80C of the Income Tax Act One can invest up to Rs 1,50,000 in a financial year and save tax under Section 80C of the Income Tax Act. These and other options are illustrated below:

Stock Round Up Sensex, Nifty gain nearly 2%, rupee strengthens as ECB sends positive signs The BSE Sensex logged its biggest single-day percentage gain since October 2015, while the recovery in crude prices bolstered investor sentiment.

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