RBI Governor Raghuram Rajan has said falling oil prices act as a cushion for CAD, adding it is time India does away with restrictions on gold imports
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On the Congress accusing BJP of hypocrisy for its failure to disclose names, Jaitley said the Congress got it all wrong because media "completely misreported" the case.
Subramanian, a senior fellow at the Peterson Institute for International Economics in Washington, attended a news conference in New Delhi at which his appointment was announced.
Polling for the 288-seat Assembly is being held in a single-phase on Wednesday.
Rajan said that despite easy liquidity, banks have passed rate cuts into lending rates modestly.
The committee had eminent people on it and making any allegations like this is 'outlandish', Sitharaman said.
RBI Governor Raghuram Rajan has been pursuing hawkish monetary policy stance to keep inflation under check.
Supported by greater demand from both domestic and external markets, total new business rose at the fastest pace since March
The partially convertible rupee ended at 62.2825/2925 per dollar.
In a strong counter to the narrative building around reasons for the exit of Professor Pratap Bhanu Mehta, Ashoka University Chancellor Rudrangshu Mukherjee has said the institution remains committed to academic freedom and intellectual independence while its Board of Trustee Chairman Ashish Dhawan promised an open line of communication.
Due to lower output from mines, utilities and factories, the July factory output data came down to 0.5 per cent year-on-year, the government data showed on Friday, down from June's revised 3.9 per cent rise.
Rajan was speaking in Hyderabad at an interactive session at National Institute of Rural Development and Panchayati Raj.
Urjit Patel as the new RBI governor whose focus is on taming inflation has lowered the probability of interest rate cut soon
Arun Jaitley on Sunday said monetary policy plays an important role in stimulating growth.
Mallya, whose Kingfisher Airlines owes money to several banks, had on Thursday said he will challenge UBI's decision to declare him a willful defaulter.
In the mid-quarter monetary policy review last month, RBI Governor Raghuram Rajan had left the key policy rate unchanged, after raising it 50 bps in two instalments since he took over on September 4, saying he was waiting for more data clarity.
Noted economist Arvind Subramanian is favoured as the choice for the government's Chief Economic Advisor (CEA).
A reading above 50 denotes expansion while one below means contraction.
RBI is expected to discuss about the impact of GST in its monetary policy.
To check rising current account deficit, the government has raised import duties and the Reserve Bank of India had imposed curbs on import of the yellow metal and also laid down various pre-conditions for inward shipments of the precious metal.
The RBI governor says, Mahatma Gandhi is the only dignitary which can be featured on rupee notes.
In its mid-quarter review of monetary policy, RBI on Wednesday kept all key interest rates unchanged notwithstanding persistent high inflationary pressure.
Global rating agency Moody's said India's economic growth remains weak and there is little chance of recovery next year.
The Reserve Bank of India has already reduced the policy rate by a total of 75 basis points, or 0.75 per cent, since January.
Reserve Bank of India (RBI) Governor Raghuram Rajan on Tuesday cautioned against extrapolating the issue of alleged graft charges in a public-sector bank to the entire public sector banking system.
It was a 'Black Monday' again in markets today and history shows that seven out of the ten biggest carnages on Dalal Street has taken place on a Monday!
Admitting that there are governance issues in the public sector banks, RBI Governor Raghuram Rajan underlined the need for improving transparency in sanction of loans.
She said 30 basis points (0.30 per cent) rate cut has already happened.
Reserve Bank is scheduled to announce its bi-monthly monetary policy on August 3.
Various global and domestic factors had a sizable impact on the performance of the Indian markets
Inflation has remained a major concern.
Anandabazar Patrika reported that Rajan would prefer to go back to the United States after his three-year term expires in early September
A 13-member group, headed by RBI Executive Director R Gandhi, has made various recommendations on G-Sec market, retail participation and interest rate derivatives market.
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.
Green signal from Jaitley; CVC okays Hemant Contractor for head of PFRDA
Going on the counteroffensive, the Congress will be giving privilege motions against Bharatiya Janata Party leader Subramanian Swamy and Defence Minister Manohar Parrikar in Rajya Sabha on Friday
According to him, since India has a low fiscal deficit, a low current account deficit and lower inflation, there is no need for being too dependent on foreign money for growth.
In a letter to Union Finance Minister P Chidambaram, he said the proportional share between the Centre and the state in centrally sponsored schemes should be changed for the least developed states like the one existing for special category states now.
Subdued exports remain an area of concern.
Of the 52 economists polled, 50 expect the policy repo rate to remain at 7.25 per cent, and 47 of 48 respondents see the cash reserve ratio, or the portion of deposits banks have to maintain with the central bank, unchanged at 4 per cent.
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