A paper authored by Rajan said, state-linked banks can be a first step in altering the ownership structure of some PSBs, where the government brings down its stakes to below 50 per cent, creating distance from operations of banks, and improving governance along the way.
Jaitley said if interest rates were lowered, the economy could grow faster than 7-7.5 per cent.
All policy planners want low interest rate, says Jaitley
Former Reserve Bank of India (RBI) Governor Raghuram Rajan says the government should take advantage of the peaks in the Indian equity markets right now and sell stakes in PSUs while prioritising spending to get the economy back on track. The upcoming Budget for the fiscal year beginning April 1 should look to provide "relief to the poorer households and small and medium enterprises," he said. And then move on to getting the economy back on track.
The chances of a rate cut in September have risen.
ICICI Bank and HDFC Bank have effected a cut of up to 0.50 per cent in term deposit rates following tepid credit growth and ease in money market rates.
RBI kept all key rates unchanged in its policy review on Tuesday.
RBI Governor has been under pressure from Finance Ministry.
Arun Jaitley had promised to provide more than the budgeted amount.
Increased demand for the dollar weighed on the local currency.
Zzungry said it had introduced limited edition of 'Ulundu kozhukattai' and 'Kova kozhukattai' that are inspired from the cuisines of two states that hold great relevance in the life of Raghuram Rajan.
Calls for a rethink on why some sectors should get more easy credit than others
Rajan said the RBI is working on upgrading the capabilities of its inspectors to undertake bank system audits as well as to detect vulnerabilities in them
The central bank dashed hopes of any steep interest rate reduction.
The Financial Stability and Development Council members include heads of regulatory bodies like RBI, Sebi and Insurance Regulatory Development Authority.
The cutback on export credit refinance facility is another step towards a shift away from sector-specific liquidity allocations.
Central Statistics Office has come out with GVA to measure growth.
In policy review meet in June, RBI Governor Raghuram Rajan kept interest rates intact.
The Reserve Bank on Friday set up a three-member committee under former Governor Bimal Jalan to scrutinise applications for new bank licences, which are expected to be awarded by January.
The hardening of the Wholesale Price Index follows an uptick in retail inflation.
Cyber thieves have been using RBI logos to send out mails to cheat customers
A reading above 50 represents expansion while one below means contraction.
HDFC on Thursday offered home loans to women borrowers at 9.85 per cent.
In the global context, the country "stands out" in terms of relatively stronger growth and improved economic fundamentals, Raghuram Rajan said.
The report also described the RBI as an "extremely visionary, pragmatic and fairly independent" organisation throughout its history
Rajan said there will be some volatility, but once the initial bout or wave abates, people will look for good fundamentals
Onno Ruhl said it is imperative to have a favourable global environment in addition to the domestic advantages.
The Reserve Bank on Tuesday nudged banks to cut lending rates.
The High Commissioner upon seeing Mallya walk in actually at the mid of the event, got up and left
RBI may hold rates in Apr; to go for 25 bps cut by June: DBS
Swamy had also claimed that Rajan was "mentally not fully Indian" and alleged that he has "wilfully" wrecked the economy
In April, RBI had projected retail inflation to be around 5 per cent.
Strong dollar will impact financial system in India.
Rbi cut rates for teh third time to ease economic situation.
Average policy rate over the next three years should be around 7.4%
Arun Jaitley opted for a fiscal deficit of 3.9% in 2015-16.
A strong currency helps in fighting some of the import-led inflation.
As Indians scrambled to exchange the banned notes for new currency, Paytm, Sharma's digital payments startup, went on a promotional spree, inviting Indians to start using Paytm's digital wallet to pay for everyday goods and services.
Arun Jaitley had proposed to set up a Public Debt and Management Agency.
Regarding employment, the manufacturing sector hiring remained broadly unchanged.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances