'The prime minister's comment on 'revdi culture' was welcome. But I am disappointed he did not follow up on that.' 'All political parties, including the BJP, have been guilty of this.' 'Now, Modi's guarantees, the Congress's 'nyay' path and both ruling and Opposition parties are vying with each other for freebies in my home state Andhra Pradesh.'
The forex kitty swelled for the fifth week in a row during the week ended December 6 to $295.71 billion, adding $4.41 billion. Between August 30 and December 6, the reserves have increased by close to $17 billion.
A few market and economic indicators have begun looking up, thanks to what many term the 'Rajan effect'.
Though the IMF wanted him to continue, his university said it won't extend Rajan's leave.
Rajan's exit will neither affect the RBI's de facto independence nor its working.
The rupee has gained 1.89 percent against the dollar in the month to date and 2.93 percent in the past six months.
Rajan's remarks come as the Modi-led government completes one year.
Market participants are impressed that Rajan has set the ball rolling on his first day at RBI with a series of announcements, raising expectations that more are in store.
It took three years of collective fiscal profligacy and policy mismanagement to cause this crisis.
Top bankers on Wednesday exuded confidence that Raghuram Govind Rajan, who today took over as the 23rd Governor of the Reserve Bank, has the intellectual prowess to wade through the present difficulties facing the economy and wished him all success for the stint at Mint Road.
RBI Governor flayed easy monetary policy of central banks in advanced economies saying it is "more cause than medicine".
Investors will see that India story actually continues to be a good one, he said.
'For every person there is a different way that you show respect for your country...my mother-in-law will say karmayogi is the way to go - do your work.'
An inconsistent Royal Challengers Bengaluru would be eager to hit the turnaround button when they host Lucknow Super Giants, who will keep an eye on regular skipper KL Rahul's fitness, in the IPL in Bengaluru on Tuesday
Industrial countries cannot at this point wash their hands off developing economises and say we will do what we need to, and you do the adjustment you need to, says RBI Governor.
'RBI and the economy will gain tremendously from Urjit Patel's experience in both private and public sectors'
Uber had run into trouble with the RBI over the two-payment process
The new pay scale will come into effect from January 1.
Declining value of the rupee, widening Current Account Deficit (CAD) and the impact of likely tapering of US bond purchases are some of the key issues which will keep Raghuram Rajan busy.
The Reserve Bank on Tuesday nudged banks to cut lending rates.
Rajan further said the current account deficit would be better in June than in May.
Ranbir and Shraddha's playful chemistry is to watch out for in Luv Rajan's rom-com, predicts Namrata Thakker.
With the 'busy credit season' which witnesses a spurt in loan demand going up, it would be good to lower the rates ahead of it
There is little scope for significant monetary easing even in the next fiscal year.
Rajan also said the RBI had reduced the current account deficit "substantially".
The decisive election victory for the Narendra Modi-led National Democratic Alliance has created a conducive environment for policy actions and should help in economic recovery, Reserve Bank of India Governor Raghuram Rajan said on Tuesday.
Underworld don Chhota Rajan's aide Rohit Thangappan, who was behind bars for the murder of senior scribe Jyotirmoy Dey, was on Wednesday arrested in connection with a firing case involving a hotelier, two days after a local court sought his production, the police said.
Calls for a rethink on why some sectors should get more easy credit than others
RBI has kept interest rate unchanged at 8 per cent since January
His team has projected a higher growth of 6.1-6.7 per cent in the next fiscal.
Will seek to bring inflation to the mid-point: Rajan
By March 28, the reserves rose by a whopping $5.038 billion to $303.673 billion, the second highest in the fiscal.
he feels they are prone to misuse by borrowers, including farmers, and suggested a rate ceiling for loans by micro finance lenders.
The Central Bureau of Investigation has taken over the probe into the murder of Hanif Kadawala, an accused in the 1993 Mumbai blasts case who gave an AK-56 rifle to actor Sanjay Dutt, and registered a case against gangster Chhota Rajan and his accomplices in this regard.
He called on developed countries to play their part in restoring international monetary cooperation.
RBI's exercise will take into account standards of governance, the viability of the payment bank (PB) business model, and changes, if any, if needed.
The government's step to curtail fiscal deficit is helping the central bank's monetary policy, Rajan said.
The policy will be presented in the backdrop of rising inflation.
The government-appointed Financial Sector Legislative Reforms Commission (FSLRC) has recommended a slew of reforms to overhaul the sector.
The convertibility is RBI Governor's 'next big ambitious goal'.
