"My remarks are motivated by the desire for a more stable international system, a system that works equally for rich and poor, large and small, and not the specifics of our situation," Raghuram G Rajan, Governor, Reserve Bank of India said at the Brookings Institution on April 10, 2014.
Rajan spoke at the Delhi Economic Conclave 2013 on 'The Agenda for the Next Five Years' in New Delhi.
RBI sees marginal improvement in economic growth to 5-6%.
'There are lots of low hanging fruits and often no real impediment to plucking them.'
Rajan had said that there was lack of clarity about the new method.
The RBI on March 12 approached the Election Commission seeking its approval for granting bank lincences as the model code of conduct had come in place after the general elections announcement on March 5.
Minutes after the Union Cabinet approved raising the cap on subsidised liquefied petroleum gas (LPG) cylinders from nine to 12 per connection in a year, Reserve Bank of India (RBI) Governor Raghuram Rajan questioned the decision, suggesting it was "misdirected subsidy".
AIBEA said that on April 19 its officer bearers would meet in Punjab to decide the next course of action.
BSE Realty, Capital Goods and Consumer Durables indices were down by 3% each.
20 occasions she captured our attention.
A panel headed by Reserve Bank of India deputy governor Urjit Patel recommended in January moving to an inflation target.
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
India's corporate sector sees big ticket deals in 2013.
Rajan also expressed hope that a stable government after the Lok Sabha elections will continue the broad fiscal policies of the current regime and India may finally get the Goods and Services Tax, an ambitious indirect tax reform measure.
People who advocate a rate hike because inflation is very high, even without the food component, have in mind some developed-economy structure, Raghuram Rajan tells Business Standard in an exclusive interview.
Fed move based on US economic recovery, which should boost India's exports, narrow CAD and help curb 'imported' inflation
Seeking to guard investor returns from excessive exchange rate movements, RBI Governor Raghuram Rajan on Thursday said a move towards an inflation target of 4 per cent will help contain the currency market volatility.
RBI governor highlights the role of fate in his career at a meeting of the IIM-A alumni.
RBI Governor cautioned against more volatility.
Bharatiya Janata Party's prime ministerial candidate Narendra Modi is the most talked about person on Facebook in India beating likes of cricketing legend Sachin Tendulkar and Apple iconic device iPhone 5s, the US-based social networking site said on Monday.
Inflation is a big concern for India, says RBI chief Raghuram Rajan.
The comments assume importance as the traditional position of the central bank has been not to set a forex reserves target.
The RBI wants CPI inflation to ease further to 6 per cent by January 2016.
Rajan rules out picking unconventional tools to tame inflation
Indian economic growth hit a low of five per cent in the financial year ended March 31,2013 and further slowed in the first quarter of FY14.
Reserve Bank Governor Raghuram Rajan on Tuesday again surprised the markets and raised the key policy rate by 0.25 per cent to 8 per cent in a bid to curb inflation, a move that may translate into higher EMIs and push up the cost of borrowing for corporates.
The RBI's bi-monthly policy review on June 3 will be the first after Prime Minister Narendra Modi assumed office on May 26.
The immediate challenge to faster growth is to restore stability to the currency markets.
'Democracy is India's greatest strength.'
In terms of magnitude of rate cuts, Morgan Stanley expects 50-100 basis points of policy rate cuts in 2015, depending on the inflation trajectory, which in turn will be dependent on the trend in commodity prices, fiscal deficit and rural wage growth.
The RBI is expected to issue only a few bank licences after completing due diligence.
The IIM Bill, passed by Rajya Sabha, gives B-schools autonomy and power to award full-fledged degrees.
The current account deficit, which is the difference between inflow and outflow of foreign exchange, rose to a record high of 4.8 per cent of GDP in 2012-13, from 2.8 per cent in 2010-11.
Rupee has strengthened but is this sustainable.Or are we staring at a slip very soon.
The central bank kept cash reserve ratio unchanged at 4 per cent.
Raghuram Rajan's signal of a neutral stance is at odds with concerns about inflation and markets' revised expectation of more increases in the repo rate
Dr Rajan has clearly sought to establish his credentials as an inflation fighter and the action should be seen as an indication of how monetary policy will operate during his term.
The days of anti-reform, anti-growth advisers that undermined our economy in the UPA-II years will now be strictly behind us: Bhagwati
"I think, this is something that all Indians should be concerned about because strength of our institutions is really important for our growth, sustainable growth and equity in the economy," said Rajan.
A few market and economic indicators have begun looking up, thanks to what many term the 'Rajan effect'.
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