RBI's Raghuram Rajan said that he wanted to hire talented external candidates and improve research quality at the central bank. The proposals would hardly seem out of place in any major institution on the planet. But at RBI, his ideas were seen by some as controversial.
MUMBAI India's stock markets were broadly unchanged on Friday as investors saw a four-day losing streak as overdone, but still headed for their biggest weekly fall since July 2009 after disappointing earnings and weak global markets hit sentiment.
The Supreme Court has directed all the states to formulate a uniform policy to provide compensation to victims of rape and other forms of sexual assault, saying such aid was crucial for a survivor's rehabilitation. India's 29 states and seven union territories vary in how they provide support to sexual assault victims. Full Article
As gold trades near its highest in a year on a wave of safe-haven buying, traditionally active buyers of physical gold in the major Asian markets have shown little interest so far. Full Article
Global stocks are on their shakiest footing in years. Investors are fleeing stocks and running to safe-havens like bonds and gold, driven by worries about the economy and the effectiveness of central banks' policies. Here are the issues weighing on the market now. Full Article
Russian Foreign Minister Sergei Lavrov said on Friday after an international meeting on the Syria crisis that peace talks should resume in Geneva as soon as possible, and all opposition groups should participate. Full Article | Major powers agree to Syria plan
Real Madrid striker Karim Benzema has admitted to lying to fellow France international Mathieu Valbuena over a sex video at the centre of an alleged blackmailing attempt, Le Parisien reported on Friday. Full Article