As heavy rains continued to batter Kerala, landslides and flooding were reported from many parts of the state, especially its southernmost district of Thiruvananthapuram, which was severely affected by waterlogging in several areas on Sunday.
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.
'The 'Off-with-Rajan's-head' brigade bases its arguments on mistaken beliefs, erroneous causalities, and even downright prejudice.'
Though Nobel Prize nominations have been a secret for 50 years, speculation abounds over the contenders for this year's prize in economics.
Rajan, Swamy alleged, is a member of US dominated Group of 30.
There is also a lobby within the bureaucracy that wants to see Rajan's influence curtailed
We require a very pivotal kind of leadership now from the central bank in order to work with the government
Rajan would slow down some of the expansion of money and it ought to have little effect on the real economy.
In an explosive claim, arrested underworld don Chhota Rajan on Tuesday alleged that some officials in the Mumbai police are working with India's most wanted terrorist Dawood Ibrahim.
Reserve Bank Governor Raghuram Rajan on Friday said the recent rally in the rupee is comforting but said the currency has not yet achieved stability which will only be reached when he stops keeping a "minute-by-minute" track of the unit.
RBI Governor Raghuram Rajan is regarded as credible by global financiers.
Former RBI Governor Subbarao blamed Chidambaram for undermining the autonomy of RBI and putting pressure on him to cut interest rates.
Indian economy grew at 7.9 per cent in fourth quarter of 2015-16.
Rajan says, this is a time where countries should be focusing on getting the macro stability in order
'Raghuram Rajan is a wonderful economist, but he is not a wonderful Indian economist.' 'He doesn't understand India in the granular form.' 'India exists only from Delhi to Nariman Point for him.' 'India is much, much bigger and complex.' 'The new RBI governor shouldn't get ready to open his umbrella when it rains in America'
Helicopters are anticipated to be more in demand compared to fixed-wing aircraft as choppers will help in providing accessibility to rural and remote areas in a shorter time.
RBI Governor Raghuram Rajan plans to write on 'academic issues' after leaving the Reserve Bank.
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.
"This is not an easy time as economy faces challenges. Our actions will be at measured pace given the current market turmoil," Raghuram Rajan said after he took charge as the new RBI Governor.
'After a long time, we have a governor who is approachable. The RBI's interactions with us are now much better.'
'If equities perform well in a year, withdraw money from equities. If the equity market is down, shift withdrawal to the debt portion.'
Rajan sees banks passing on the benefit of lower rates regime to customers.
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.
Reiterating his earlier stance, BJP's Rajya Sabha member Subramanian Swamy has written a letter to Prime Minister Narendra Modi, asking him to sack RBI Governor Raghuram Rajan.
Special CBI Judge Vinod Kumar said this after the agency informed the court that there was a "serious life threat" to Rajan from various underworld mafia groups and intelligence inputs have been received in this regard.
"Let people pay, but if they don't pay, go after them"
Asserting that retail inflation excluding food and fuel is still at an elevated level, the Reserve Bank of India on Tuesday said it would endeavour to curb price increases.
Rajan also said weak results from India's corporate suggested final demand is yet to pick up strongly.
A fortnight after senior crime journalist Jyotirmoy Dey was shot dead, Mumbai police on Monday cracked the case claiming that underworld don Chhota Rajan was behind the murder, even as they remained tight-lipped about the motive.
"I would hope that the government would very respectfully request him to continue for one term or my preference would be two terms," Narayana Murthy said.
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
According to immigration sources, the time of Rajan's deportation will be made clear by the Interpol after they quiz him and a final clearance is issued.
Dr Rajan is a person of very high caliber
RBI Governor Raghuram Rajan on Tuesday kept the repo rate unchanged 6.50 per cent.
Rajan said that central banks should not ignore global responsibilities.
A joint team of CBI and police officers has left for Indonesia to seek deportation of underworld don Chhota Rajan, two days after India wrote a letter to the authorities there for his return to face trial in various criminal cases registered against him.
The RBI governor also said he is not 'overly' worried about any interest rate hike by the Federal Reserve, saying the country had enough foreign exchange reserves.
'Access to finance is one of the most crucial needs in the economy.'
Centre to take a call only in August, just a month before his three-year term ends.
The immediate priority for the new governor will be to draft the mid-quarter review
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