RBI unsure whether to cut rates or not in its next monetary policy.
Governments that do not respect central banks' independence will sooner or later incur the wrath of the financial markets, ignite economic fires, and come to rue the day they undermined an important regulatory institution; their wiser counterparts who invest in central bank independence will enjoy lower costs of borrowing, the love of international investors, and longer life spans, said Acharya, who will return to the New York University's Stern Business School in August.
An early choice will also allow Mr Rajan to do some hand-holding.
If you have answers to these, you need not worry about Britain's exit from the European Union, Raghuram Rajan's exit from the Reserve Bank of India or Narendra Modi's chances of re-election in 2019; your financial future will be safe, says P V Subramanyam
The bank's base rate currently stands at 10 per cent and the last movement in it was in November last year, when it was hiked by 0.20 per cent.
While Raghuram Rajan's departure under these circumstances is a pity, it would be wrong to conclude that the RBI or the economy cannot do without him.
'Here, after all, was a fine specimen of intelligence in the field that Adam Smith gave formal structure. And successful RR surely was as RBI chief.'
Mr Swamy has written letters to the Prime Minister's Office asking for Mr Rajan's services to be terminated.
With Raghuram Rajan not 'really there', the FinMin has decided to keep a watch on market developments this week with all key officials on the job.
The WEF meeting is crucial because of its theme encompassing globalisation at the time of rising nationalism and trade war, and the fourth industrial revolution due to rapid strides being made in robotics and artificial intelligence.
He will presumably choose to remain true to the framework he has put in place.
It would also be the last policy of Rajan
Tomorrow's review could also turn out be the last policy anchored by Rajan if the proposed Monetary Policy Committee (MPC) is put in place before the next review due on August 9.
A chat with investment expert Feroze Azeez on what impact will the hike in RBI rate have on the consumers.
'When bankers are hounded by investigative agencies for credit decisions going wrong and defaulters are treated like outcasts, who will borrow money and who will lend?' asks Tamal Bandyopadhyay.
Describing the BJP's election victory as an "astonishing triumph of Narendra Modi", noted economist Jagdish Bhagwati on Monday advised him to retain Raghuram Rajan as RBI Governor and to hold monthly press conferences to articulate the government's agenda.
RBI governor advises students to not take advantage of economic freedom
Bicycle manufacturer TI Cycles, a part of the $3.2 billion Murugappa Group, on Thursday introduced India's first bicycle made from carbon, 'Montra'.
RBI governor also spoke on the ill effects of cutting interest rates too much
The bank chiefs have also cancelled the customary media conference after the bi-annual policies.
Among the states due for election next year are AP, Haryana and Odisha, which have a fair share of agri credit. If these states individually announced debt relief, the combined waiver would be at least around Rs 600 bn to Rs 700 bn. Clearly, this will be a frightening challenge for Indian banks.
Puttaparthi, the abode of Sri Satya Sai Baba, on Monday witnessed a beautiful symphony of sound and spirit as thousands of devotees from across the world, important dignitaries and well renowned artists gathered to join the 85th birthday of the renowned spiritual guru.
He called on developed countries to play their part in restoring international monetary cooperation.
Experts applaud RBI governor RAghuram Rajan for his good work.
Rajan said it is hard to offer an objective self-assessment but the RBI should probably have raised more flags about the quality of lending in the early days of banking exuberance.
Monetary transmission has been an issue for the Indian banking sector.
Rajan said an interest rate cut won't by itself lead to higher economic growth
Head of state-run Indian Bank T M Bhasin had called for a CRR cut.
Few proposals included in the Finance Bill would not help ease liquidity concerns in the economy, say RBI officials.
However, some analysts say RBI Governor Raghuram Rajan may delay the rate cuts amid mounting concerns over the government's fiscal health.
It is difficult to say if the banking sector will see the worst behind it by March 2020, warns Tamal Bandyopadhyay.
After months of denying there was a liquidity problem, Governor Raghuram Rajan has reversed course.
There are 350,000 jewellers, of which 13,000 are BIS-certified.
It has been decided to reduce home loan rate by 20 basis points.
Bihar Chief Minister Nitish Kumar on Friday called for a daylong 'Bihar Bandh' on March 1 to protest against denial of special category status to the state by the Congress led UPA government.
The rupee had closed at 60.1550/1650 per dollar on Monday.
The pay hike has been made effective from January 1, 2016.
The RBI Governor brought down retail inflation to 3.8% in July.
RBI's current Deputy Governor Urjit Patel got 3-year extension in January.
Rajan said that demand needs to be reduced without having severe effects on investment and supply.
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