Rajan was speaking at a news conference.
The unions are opposing the government's move to take away the public debt management from the Reserve Bank and curtail its powers on the monetary policy.
The Financial Sector Legislative Reforms Commission, chaired by Justice B N Srikrishna, has suggested a non-sectoral, principle-based approach to revamp the existing framework.
As deputy governor, Patel headed the RBI panel to draft the monetary policy report, which became the basis of the ongoing reforms at the apex bank
Rajan said there was full understanding between him and the Finance Minister Arun Jaitley on setting up of the PDMA
Some of the key proposals of the agenda relate to transforming the banking sector, addressing agrarian distress, countering hate crimes and discrimination, and spurring employment generation.
Experts have started giving comments on provisions that the govt must make in Budget 2016-17.
Report points out corporate vulnerability indicators remain elevated.
Move to shift powers from RBI without discussions baffles many
The MPC states that the 4 external members will have a tenure of four years each.
Reserve Bank Governor Raghuram Rajan on Thursday said the central bank will continue its focus on taming inflation, speeding up resolution of distressed projects and ensuring enough capital for banks through balance sheet clean-up.
A key hindrance to a faster turnaround of these banks is the slow progress in the resolution of legacy bad loans and the need to build up provisions against those assets.
The RBI holds its next policy meeting in early June.
The proposed IFC disrupts existing regulatory structures.
'We get an overzealous army of tax inspectors pushing the economy too hard,' says Ajay Shah.
The National Democratic Alliance won 64 seats.
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Stating that there are strong inter-linkages between banks, NBFCs and other deposit-taking entities, he said for monetary policy to be effective and financial markets to remain stable, they should be regulated by the central bank.
Finance minister Arun Jaitley has few feathers in his cap for taking serious eff
Jaitley promised higher investment in roads and railways.
India's economy is not like Western ones, and thus needs restrained fiscal policy even during a recession, says Ajay Shah.
RBI's out-of-turn rate cut has surprise few economists.
Raghuram Rajan speaks on the unscheduled rate cut.
The Budget decides to take the lead in revving up infrastructure.
The three main regulators have different approaches to grievance redressal and different standards to stop harmful from coming pitched at the consumer.
FY16 GDP growth was seen at 7.5%, against 8.1-8.5% earlier.
The finance ministry has put out a revised draft in public domain.
Finance Minister Arun Jaitley presented the Union Budget.
Chief Economic Advisor Arvind Subramanian's interview.
NDA government has shunned populism.
Indian economy about to take-off
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