She is no longer Samantha Ruth Prabhu. She will be known henceforth as just Samantha.
Indications are that Reddy will take charge as RBI Governor after the annual meeting of the IMF slated in late September.\n\n
Reserve Bank of India Governor Y V Reddy on Tuesday admitted that inflation in India's food prices is much higher than the country's 'tolerance limit' necessitating a comprehensive review of the situation. In response to another question on whether from a monetary policy standpoint he was going to be taking actions to try to counter food price inflation, Reddy said in terms of monetary policy actions they will be governed by lot more desegregated analysis of the situation.
The macro-economic developments in the Indian economy, by and large, have been on expected lines and there is some continuing pressure on inflation.
Y V Reddy, outlined certain key milestones in the Indian economy's growth story and envisioned the future trajectory
India was, relatively, less affected, as the central bank here did not allow the banks to speculate with people's money on the market.
Y Venugopal Reddy, currently executive director of International Monetary Fund will be the new Governor of Reserve Bank of India, succeeding Bimal Jalan.
Mint Road, on December 21, 2023, flagged the role of self-regulatory organisations (SROs) in strengthening the compliance culture in regulated entities (REs) and providing a consultative platform for policymaking. It also decided to issue an omnibus framework for SROs.
Interview with Former governor, RBI
In the Union Budget for Financial Year 2023-24 (FY24), Finance Minister Nirmala Sitharaman had held forth on the need for better governance and investor protection in the banking sector. She had proposed certain amendments to the Reserve Bank of India Act (RBI Act), 1934; the Banking Regulation Act (BR Act), 1949; and the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970.
'After a long time, we have a governor who is approachable. The RBI's interactions with us are now much better.'
Of the eight RBI governors who have held office since the 1991 economic liberalisation, Bimal Jalan had the longest stint and S Venkitaramanan, the shortest. Current Governor Shaktikanta Das will overtake Bimal Jalan before completing his second term in December, points out Tamal Bandyopadhyay.
Reddy has worked to reform the economy.
Panel to recommend sharing of divisible resources between states and the Centre from 2015 to 2020.
'Das is friendly, but he finally does what he does. The quality of engagement is very good.'
As governor of the Reserve Bank of India (RBI) till September last year, YV Reddy was in-charge of monetary policy at a time when the economy grew at its fastest pace ever
The Supreme Court has appointed its former judge P V Reddi to mediate the dispute between SpiceJet and its former promoter Kalinithi Maran, the airline said on Wednesday. The dispute dates back to 2015, when Maran sold his stake in SpiceJet of 58.46 per cent, or 50.4 million shares, to Ajay Singh for Rs 2 after the airline suffered financial trouble. A year later, Maran approached the Delhi high court, alleging a breach of agreement by Singh for not issuing him 189 million share warrants and preference shares despite Maran's Rs 679-crore infusion.
"We will raise Rs 300 crore via bonds of two-, three- and five-year tenures. This will be our maiden bond issuance and is part of our effort to widen funding sources," says Vimal Bhandari, executive vice-chairman and chief executive officer (CEO), Arka Fincap. The firm, a subsidiary of Kirloskar Oil, is only five years old and small (assets of around Rs 5,000 crore with an "AA" rating), but the response to this float will be closely watched: It would be the first by a non-banking finance company (NBFC) after Mint Road upped the risk weights on bank exposures to them by 25 percentage points. The move by the Reserve Bank of India (RBI) has caught NBFCs off guard even though the issue had been flagged by Governor Shaktikanta Das with their corner-room occupants (and that of banks) in July and August 2023 - on consumer credit and the dependency on bank borrowings.
In the June quarter of FY24, 51 per cent of consumers who took small-ticket personal loans already had more than four credit products at the time of accessing yet another new loan, compared with just 17 per cent in the June quarter of FY20, points out Tamal Bandyopadhyay.
Excerpted from Sahara: The Untold Story by Tamal Bandyopadhyay.
Shaktikanta Das is a master of the finest balancing act who listens to all but takes his own decisions, discovers Tamal Bandyopadhyay.
When it comes to running between the wickets -- which is exactly what an FM and a governor do -- Jadeja always defers to Dhoni's larger judgement of the situation and the needs of the team, observes T C A Srinivasa-Raghavan.
The reform priorities are clear: enhance savings, improve productivity. Just 25 basis points of moving interest rate up or down would not boost investment: Former RBI Governor Y V Reddy.
Congratulations, Team Newton!
Rangarajan says there was no need to change the inflation comfort level from four-five per cent.
In its 271-page judgment delivered on August four, 2005, a division bench of Justice P V Reddi and Justice P P Naolekar had said there was clinching evidence against Guru regarding his nexus with the terrorists who carried out the "terrorist act of most diabolical nature".
We have a government with an extremely weak economic team advising a PM who hardly pays attention to their thoughts, says Jayanta Roy.
The film is all set to release in theatres.
Finance Minister P Chidambaram will soon have to decide whether to stick by his predecessor's choice of former Reserve Bank governor Y V Reddy for chairmanship of the 14th Finance Commission, to be set up next month.
Nationalisation has served its purpose. It's time to move ahead, keeping majority ownership of the government in a few banks to serve the people, argues Tamal Bandyopadhyay.
Finance Minister P Chidambaram at the Group of 24 Meeting of the Ministers at the International Monetary Fund headquarters in Washington, DC on Thursday.
A gathering of top industry executives, government leaders and academics will explore critical topics such as India's emergence as a world power and how the next decade will define its place on the world stage.
Describing black money as the 'black godmother' of all evils engulfing the country, Law Commission chairman P V Reddy said on Wednesday that to tackle the menace, the government needs to unleash a 'fear psychosis' on wrongdoers that they will be detected and punished.
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