13 eminent economists, including former RBI governor Raghuram Rajan and current International Monetary Fund Chief Economist Gita Gopinath, in a report have asked the political establishment not to resort to populist tricks.
Stocks and rupee on Monday took an early morning plunge but soon recouped their losses.
It was this day, March 6, in 1971 that Sunil Manohar Gavaskar made his debut in Test cricket.
DBS called Rajan's decision not to seek an extension as a 'negative surprise'.
The government seemed unhappy with Raghuram Rajan's interest rate policy.
Gross non-performing assets of public sector banks have gone up.
A top Finance Ministry source, however, said no discussion has taken place in the government so far on whether to extend Rajan's tenure or not.
The RBI chief was speaking to researchers at an analyst call.
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.
A woman, whose husband went missing from aircraft carrier INS Viraat around ten years ago, has moved the Bombay High Court challenging the Navy declaring her husband a 'deserter'. According to petitioner Pratibha Raghuram, she was evicted from her house in Navy Nagar in Mumbai in December 1998, barely one month after her husband Raghuram went missing from INS Viraat, which was docked in Goa.
On Aug 11, the Chinese central bank surprised markets by devaluing the yuan by nearly 2 per cent.
Two films will release on Diwali.
A day after Bihar Chief Minister Nitish Kumar slammed the United Progressive Alliance government for shelving the special status demand at the behest of its 'natural' ally, the Congress hit back charging him with misleading the people on the issue and instigating them against it.
Making light of his critics, he also said there are people who send him 'anonymous thank you notes' even when he on a plane.
In the past, there have been instances of people getting fake e-mails in the name of RBI.
Rajan has set March 2017 as the deadline for banks to clean up their balance sheets.
Announcing her appointment, IMF Managing Director Christine Lagarde hailed the Mysore-born Gopinath as "one of the world's outstanding economists with impeccable academic credentials, a proven track record of intellectual leadership and extensive international experience".
The report further noted that inflation is expected to fall to 4.5 per cent by quarter ended March 2017.
In an interaction with former Congress chief Rahul Gandhi on the impact of lockdown on India's economy, Rajiv Bajaj, MD, Bajaj Auto, said India tried to implement a hard lockdown which was still porous and ended up with the worst of both worlds.
Of the three major Budget announcements related to the banking sector, privatisation of PSBs is the most audacious, says Tamal Bandyopadhyay.
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".
In the global context, the country "stands out" in terms of relatively stronger growth and improved economic fundamentals, Raghuram Rajan said.
Terming the 23.9 per cent fall in economic growth in the June quarter alarming, former Reserve Bank Governor Raghuram Rajan has said bureaucracy should come out of complacency and take meaningful action. The current crisis requires a more thoughtful and active government, he said, adding, "Unfortunately, after an initial burst of activity, it seems to have retreated into a shell."
Onno Ruhl said it is imperative to have a favourable global environment in addition to the domestic advantages.
Business houses expect rate cut in next RBI policy.
'Ultimately, people will revolt at one time or the other.' 'You cannot feed the public with cultural issues forever.'
Swamy had also claimed that Rajan was "mentally not fully Indian" and alleged that he has "wilfully" wrecked the economy
Retail inflation was at a 25-month low of 8.1 per cent in February.
Subramanian Swamy now wants Arvind Subramanian sacked.
While achieving an eight per cent retail inflation rate by January 2015 is well within reach, Reserve Bank of India Governor Raghuram Rajan notes there is a second target, of six per cent by 2016.
In January 2003, the American Finance Association awarded Rajan the inaugural Fischer Black Prize for the best finance researcher under the age of 40.
The RBI is not statutorily independent from the government but has long enjoyed wide latitude
Former Finance Minister P Chidambaram said he was "disappointed and profoundly saddened" by Rajan's decision against a second term, but was not surprised by the development
Tension between the government, specially the finance ministry, and RBI is as old as the central bank itself.
RBI Governor Raghuram Rajan on Tuesday said the government will decide on extension of his tenure.
Centre to take a call only in August, just a month before his three-year term ends.
Bharatiya Janata Party leader Subramanian Swamy on Sunday once again attacked Raghuram Rajan on the monetary policy, over a month after Prime Minister Narendra Modi had disapproved of his criticism of the Reserve Bank of India chief.
Raghuram Rajan on February 2 left the key interest rate unchanged.
The meeting, which comes just days before the next bi-monthly monetary policy review on June 3, lasted for about 50 minutes.
Jaitley slams Rajan for MSME banking crisis statement, says postmortem is easier than action
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