In ominous signs that the slowdown may be deep, the auto sector is facing its worst crisis in two decades with reports suggesting thousands of job losses in the automobile and ancillary industry, real estate sector has huge unsold inventory, while fast-moving consumer goods (FMCG) companies have reported a decline in volume growth.
Patel resigned from his post on Monday with immediate effect, citing "personal reasons", setting of a major crisis in India's politico-economic sphere.
he also said that the implementation of GST was not an 'unfixable' problem.
"We need to learn to respect universities as places where ideas are debated"
Some strong communities in India have started protesting to press for reservations because they are not finding jobs, he said.
An AAP leader, who did not wish to be identified, said the party will not field any of its leaders for the three Rajya Sabha seats from Delhi that will fall vacant early next year.
Rajan, whose three year term as Reserve Bank Governor ended on September 4, 2016, is considered a candidate for his "contributions illuminating the dimensions of decisions in corporate finance"
DFS, which monitors state-run banks, has created "sameness" among them and governs them "without responsibility", he said.
He further added that the RBI's concern that costs of demonetisation will outweigh benefits was conveyed to the government
"I have seen it from both sides, from ministry side as well as the Governor side. You (an RBI Governor) have always been tested. And you have to establish clear parameters -- what you are willing to do and what you are not willing to do"
"This notion that, we at every corner, we have to say we are the best and there is no body else like us. Well that is not true, first."
There were rumours surrounding whether Rajan had been on-board with the policy that caused close to 86 percent of the country’s currency to be withdrawn
Inflation has come down only because of good luck stemming from low energy prices.
Raghuram Rajan, the two Chauhans and India's slide back into irrelevance
The Reserve Bank governor on the fight against inflation.
Raghuram Rajan's message to RBI staff which puts all speculations about his second term as RBI Governor to rest
India's Pusarla V. Sindhu celebrates after scoring a point against Japan's Akane Yamaguchi during their women's singles badminton semifinal match at the BWF World Tour Finals in Nusa Dua, Bali, Indonesia.AP Photo/Dita Alangkara
India's Pusarla V. Sindhu celebrates after defeating Japan's Akane Yamaguchi during their women's singles badminton semifinal match at the BWF World Tour Finals in Nusa Dua, Bali, Indonesia.AP Photo/Dita Alangkara
A healthcare worker collects swab sample of a woman for COVID-19 test in view of the threat of the new variant (Omicron) of the virus, at a railway station in Patna.PTI Photo
Beach side temporary shops covered by polythene sheets in the wake of Cyclone Jawad, in Puri.PTI Photo
Prime Minister Narendra Modi with Uttarakhand CM Pushkar Singh Dhami and others during BJP election campaign rally, ahead of state Assembly polls in 2022, in Dehradun.PTI Photo
Young, brash and little-known artistes are using hip-hop as an outlet to speak up and speak out.
Aamir Shaikh aka Shaikhspeare traces talks about the genre that uses music as a means to dissent.
Family from UP village forced to run around to complete post-death official paperwork and even last rites.
While everyone is going gaga over actress Katrina Kaif in the revamped version of 'Tip Tip Barsa Pani', the replacement of Raveena Tandon does point towards the problem of sexism and ageism in the Indian film industry
Australia winning the T20 World Cup for the first time has been timely as they host the next edition at their own backyard in 2022.
As per the Observer Research Foundation, close to 250 million children in India were adversely affected due to school closures due to the early lockdowns imposed by the government in response to Covid-19.
India's cricket administrators showed more drive to boost BCCI's coffers rather than take care of players' welfare during pandemic times.