Kumar said that while the rise in percentage of population of the deprived castes has led to increase in the quotas for SCs, STs and OBCs from 50 to 65 per cent, his government also planned to undertake a number of welfare measures for the benefit of "94 lakh families", which according to the survey lived in abject poverty.
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.
The RPI-A is an ally of the Bharatiya Janata Party.
India Inc on Wednesday said it looked forward to the new RBI Governor Raghuram Rajan initiating cut in interest rates and improving credit flow to crucial sectors like infrastructure to put economy back on high-growth path.
Vigilance and anti-corruption officials on Saturday conducted searches at seven premises of Suresh Rajan in Kanyamkumari and Tirunelveli districts on charges of possessing disproportionate assets, the sixth former Dravida Munnetra Kazhagam minister to come under the scanner.
Days ahead of the Budget, Reserve Bank Governor Raghuram Rajan on Wednesday pitched for increasing the tax exemption limit on financial investments by individuals from Rs 1.5 lakh a year.
It's time the regulator did some introspection.
India imposes restrictions on how much money its citizens and companies can invest abroad
.jpg)
Rajan, the academic-turned-central banker who is credited with predicting the global financial crisis, said that voicing of views will have positive effects.
Rollback of July tightening measures indicates comfort on currency but a repo rate hike is around the corner.
Rajan posed the question while speaking at the annual leadership conference in Mumbai National Association of Software and Services Companies.
RBI governor Raghuram Rajan is clear about cleaning up the mess in the banking system.
Raghuram Rajan said on Friday it is not clear India needs a so-called "bad bank.
The Reserve Bank of India Governor Raghuram Rajan said bringing down inflation would help stabilise the rupee.
Rajan said that despite easy liquidity, banks have passed rate cuts into lending rates modestly.
The Governor had submitted his report to the Public Accounts Committee and put the blame on 'overall economic downturn'
The Congress on Friday claimed that that "vitriolic tirade" against RBI Governor Raghuram Rajan by Subramanian Swamy has the "full backing" of NDA government and Bharatiya Janata Party.
The aim of his visit was to explore how financial institutions can be co-opted in reviving the local economy.
With the setting of MPC, the interest rate setting powers would move from RBI Governor to the panel.
Chhota Rajan, one of India's most wanted gangster, has been arrested in the tourist town of Bali, Indonesia on a Red Corner Notice issued by Interpol after eluding law enforcement agencies for over two decades.
Rajan said that demand needs to be reduced without having severe effects on investment and supply.
New RBI Governor Raghuram Rajan on Wednesday came out with a slew of measures, including more trade settlement in rupees to rescue the battered financial markets and hinted at a shift in focus from inflation control, doggedly pursued by his predecessor, to boosting growth.
Hardik Pandya has quit Gujarat Titans to rejoin his former team Mumbai Indians, following a trade between the two franchises.
India is gearing up to introduce a six-member monetary policy committee that would vote on interest rates.
The appointment of Rajan, a former chief economist of the International Monetary Fund and now a professor of finance at University of Chicago, comes at a time when India, like most of the world economies, is grappling with the impact of the global credit crisis.
He also affirmed that over time, as the government finances improve, the SLR will be brought down further.
Reserve Bank of India (RBI) Governor Raghuram Rajan has set himself a target of lowering consumer inflation and is even ready to raise rates to achieve it, risking friction with the new government, if he is seen as overstepping.
India has been assigned the lowest investment grade rating with a high risk profile by various global agencies.
'We will supply dollars in case of extreme volatility.'
Fugitive gangster and drug smuggler Santosh Shetty has been arrested in Bangkok by the Thailand police. Mumbai crime branch officials took him into custody on Thursday.
Rajan will be closely working with the RBI governor and the four deputy governors to gain familiarity with the central bank's stance on various issues.
'Democracy is India's greatest strength.'
Reserve Bank Governor Raghuram Rajan on Thursday said the central bank will continue its focus on taming inflation, speeding up resolution of distressed projects and ensuring enough capital for banks through balance sheet clean-up.
India's inclusion in JP Morgan's bond index can channel billions of dollars into India. How will the government securities market handle it?
Governor also says two-stage verification for card transactions might go; RBI in process of setting up IT arm
'India's biggest loss is that we will not have anyone as principled and as courageous as Rajan.'
To help cut down on current account deficit.
RBI is expected to discuss about the impact of GST in its monetary policy.
Jaitley said manufacturing sector will continue to face challenges unless it transitions itself while keeping the quality and price in mind.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances