The price of vegetables in general rose by 77.81 per cent making life difficult for the common man.
The country has a long way to go before it claims to have arrived, he said.
.jpg)
Steps announced by new RBI Governor Raghuram Rajan could attract $10 billion of forex inflows in the next three months and this could be a material near-term positive for the rupee, which has lost 20 per cent since January, the London-based banking and financial services company said.
.jpg)
Gold tumbles by Rs 1,250 to Rs 30,950.
Days ahead of the Budget, Reserve Bank Governor Raghuram Rajan on Wednesday pitched for increasing the tax exemption limit on financial investments by individuals from Rs 1.5 lakh a year.
As per a PMO statement, Modi told the investors that "he believes in a fair, predictable and consistent tax system
The post of chairman and managing director has been split and the government has appointed managing directors and chief executive officers in four banks -- Indian Overseas Bank, United Bank of India, Oriental Bank of Commerce and Vijaya Bank.
India's trade deficit shrank to a 10-month low in December as global oil prices tumbled and demand for gold fell, auguring well for Indian current account balance and the rupee.
The headline HSBC India Purchasing Managers' Index -- a composite gauge designed to give a single-figure snapshot of manufacturing business conditions -- stood at 54.5 in December, up from 53.3 in the prior month.
India Inc is borrowing from global firms as interest rates sky rocket in India.
Indian capital markets joined the global sell-off sparked by China growth concerns
State Bank of India on Friday reduced its deposit rates by 0.25 per cent, making it the third bank after private sector rivals, ICICI Bank and HDFC Bank, to reduce deposit rates this week.
A figure above 50 indicates that the sector is expanding, while a figure below that level means contraction.
The rupee's strength against its competitor could come to haunt exporters.
The bonds will likely be simultaneously launched in major financial centres such as London, Singapore, Hong Kong, New York for a term of no less than 20 years.
He added however that reasonable profit must be there at the bottom of the pyramid as the business has to be self-sustaining
In cutting interest rates and giving a boost to the government's efforts to revive growth, RBI governor Raghuram Rajan displayed the pragmatism and flexibility familiar to those who work with him.
While Chanda Kochhar got a pay of Rs 2.66 crore, Arundhati Bhattacharya took home only Rs 28.96 lakh
The RBI gauges both measures of inflation when deciding on monetary policy,
.jpg)
Food and fuel inflation in India have remained high for several years, the paper said, adding to durably reduce the current high inflation, the monetary policy stance needs to remain tight for a considerable length of time.
Recently, United Bank of India declared Kingfisher Airlines as well as some three of its directors as wilful defaulters.
Raghuram Rajan explains the rationale for his policy stance and other issues.
Industrial production was seen growing 1.8 per cent from a year earlier in July, slower than June's 3.4 per cent increase, according to the median consensus in a poll of 31 economists.
Reserve Bank Governor Raghuram Rajan on Monday slammed International Monetary Fund for staying on the sidelines and applauding accommodative policies of developed nations.
At the Mumbai launch of his latest book, The Third Pillar: How Markets And States Leave The Community Behind, former RBI governor Raghuram Rajan served up an interesting mix that included Taylor Swift, Donald Trump, privileged families and a strong dose of commonsense economics.
Meanwhile, RBI Governor Raghuram Rajan said at the meeting that the central bank brass discussed strengthening the state- level coordination committees so that unauthorised deposit taking can be dealt with in a better way.
According to Japanese financial services major Nomura, despite slowing external demand, the domestic growth cycle is improving.
The April-June quarter GDP slipped to 7 per cent from 7.5 per cent.
Rajan said too many infra projects do not have forex earnings thus are unable to pay in dollars or yen
The NPA of the public sector banks rose to 6.03% as of June 2015.
The RBI working group's proposal to allow corporate houses to set up banks is a "bombshell" and at this juncture, it is more important to stick to the tried and tested limits on involvement of business houses in the banking sector, according to an article jointly written by former RBI Governor Raghuram Rajan and ex-Deputy Governor Viral Acharya. They also said that the proposal is "best left on the shelf".
A reading below 50 means contraction in the sector.
The rupee had gained seven paise to close at 61.15 on Friday on suspected RBI intervention in the forex market.
His tweets led to his followers proclaiming that he was backing Patel's appointment
Sluggish rise in new business inflows and a cautious approach to costs reportedly led Indian manufacturers to shed jobs in September.
On growth, the Governor said the prospects in the last few months have improved.
The RBI on Tuesday announced start of year-long public awareness and consumer protection campaign.
RBI Governor Raghuram Rajan on Friday said keeping inflation low is the key task for sustainable economic growth of the country.
With the 'busy credit season' which witnesses a spurt in loan demand going up, it would be good to lower the rates ahead of it
The government is likely to name a successor to Rajan sometime this month
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances