Kaushik Basu, whose stint at the World Bank ends on July 31, was being looked at as a serious contender, the sources said
Here is some background on the candidates seen as potential successors to Rajan at the RBI
Rajan was expected to join the search committee to appoint three external members of a new six-member RBI Monetary Policy Committee
Imports dropped 13.16 per cent year-on-year
The six AP-1000 reactors would be built in Andhra Pradesh.
India does not have a unified regulatory regime to counter Ponzi, or pyramid, schemes whose operators typically grab new deposits to meet their promise of guaranteed returns to existing savers, point out Manoj Kumar and Mayank Bhardwaj.
Mergers to create at most six state banks
Like pharmaceutical companies globally - which used to enjoy a preferential exchange rate in Venezuela - Indian producers have been left badly stung by the collapse of the bolivar currency
The insolvency and bankruptcy code will strengthen the hands of lenders to recover outstanding debts by setting a deadline of 180 days for companies to pay or face liquidation
Three members will be representatives from the government, and three from the RBI.
Infrastructure accounts for nearly 38 per cent of India's industrial output
Bankers back the new bankruptcy code, which would impose debt deadlines on failed firms and foresees up to five years in jail for debtors who conceal property or defraud creditors
Retail inflation has eased from double digits in 2013.
India, the bank's second biggest shareholder after China, is looking to borrow from the AIIB.
A strong showing will be vital to Narendra Modi's chances of a second term.
'We need to look beyond the current approach'.
A proposed 24 percent hike in the salaries of 2.6 million employees and pensioners, will land the railways with a wage bill of about $4.7 billion.
The corporate income tax breaks make up a relatively small part of $80 billion in business giveaways.
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