The RBI's bi-monthly policy review on June 3 will be the first after Prime Minister Narendra Modi assumed office on May 26.
"Now I get credit for the idea which actually I neither invented nor actually believed in," he said.
Raghuram Rajan, who was Chief Economic Advisor in the Finance Ministry before taking over as RBI Governor on September 4, is scheduled to announce the next mid-quarter policy review on December 18.
Hailing the announcement of Raghuram G Rajan as the new RBI Governor, India Inc on Tuesday said the appointment of the former IMF Chief Economist will help bring the economy back on growth path.
Because of Rajan's policies, the banking system has mustered enough courage to disclose their toxic assets
Inflation target remains 5% for January 2017.
In January 2003, the American Finance Association awarded Rajan the inaugural Fischer Black Prize for the best finance researcher under the age of 40.
Rajan said India's good economic fundamentals would allow it to overcome any 'sharp corrections' in global markets
If companies get into trouble, the loan becomes a non-performing asset and "we very much want these assets to be back on track," Raghuram Rajan said.
Rajan says that China should not be solely blamed for global imbalances. Rajan is hopeful but not confident of reviving Doha trade talks.
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The central bank will come out with two measures on restructuring to tackle financial stress, Rajan said.
"Finance Ministry and RBI keep talking all the time," Rajan said.
Subdued exports remain an area of concern.
It is the government and its policies and attitude toward FDI that is at the root of the problem.
When asked if he sees himself back in Chicago, he said, "Yeah, Chicago has been kind to me over my history".
Urjit Patel's reappointment will raise market hopes that Rajan, will also be offered an extension when his tenure ends in September.
Rajan was expected to join the search committee to appoint three external members of a new six-member RBI Monetary Policy Committee
Rajan said the RBI is working on upgrading the capabilities of its inspectors to undertake bank system audits as well as to detect vulnerabilities in them
RBI says, it cut rates as growth was not happening at ground level.
"I think bankers have expressed some concern that they should not be held liable for actions that are taken in the full spirit of what is needed," Raghuram Rajan said.
Anandabazar Patrika reported that Rajan would prefer to go back to the United States after his three-year term expires in early September
The RBI Governor brought down retail inflation to 3.8% in July.
On India achieving higher growth, Rajan said 9 per cent, which is the widely believed potential growth rate of the economy, is still some time away.
Amazon Prime Video has announced a huge number of assorted Web series and movies, and the slate sure looks interesting.
Central bank governor says the devaluation like China or Japan is neither feasible nor a good strategy
RBI governor Raghuram Rajan and the government are working towards financial inclusion.
After Raghuram Rajan leaves, the world for the succeeding RBI governors will be distinctly different.
Deported gangster Chhota Rajan was on Thursday produced before a special MCOCA court in Mumbai via video conference from Tihar Jail in connection with journalist J Dey's murder of 2011.
Rajan said RBI is in the process of creating a framework which will make the sustainable growth possible.
'The RBI is something like a seat belt. As a driver, the driver being the government, it has the possibility of not putting on a seat belt but of course if you do not put on your seat belt you get into an accident and the accident can be quite severe,' Raghuram Rajan told CNBC TV18. 'The aim of the board is to be Rahul Dravid -- sensible, thoughtful and not, with due respect, Navjot Sidhu,' he added.
IMF chief said the G20 leaders need to respond to the calls for creating jobs.
'My immediate objective is to start thinking about research once again. Start understanding the world we are in which has changed quite a bit.'
In a recent lecture, RBI governor Raghuram Rajan dished out some frank advice -- don't get into 'jugaad', instead try for the long haul. Only that will sustain in the long-run.
'The CoA feels that if David has declared and is not taking remuneration from India Cements, he is not in conflict'
Governor Rajan stressed on the benefits over a medium-term.
Here is some background on the candidates seen as potential successors to Rajan at the RBI
Reserve Bank Governor Raghuram Rajan on Monday slammed International Monetary Fund for staying on the sidelines and applauding accommodative policies of developed nations.
Underworld don Chhota Rajan was on Thursday deported to India and is expected to reach Delhi early Friday morning, 27 years after he had fled the country in the face of numerous cases of murder, extortion and drug smuggling against him.
A student of IIT-Benares Hindu University, Varanasi, was allegedly molested and stripped by three motorcycle-borne men, who also recorded a video of the act, near her hostel, the police said on Thursday.
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