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'.
NITI Aayog's Rajiv Kumar accused former prime minister Manmohan Singh and senior Congress leader P Chidambaram of creating a 'false narrative'
According to report by Dun and Bradstreet, central bank expected to maintain status quo on policy rate.
RBI could opt for a 'deep cut' after winning inflation war, say experts.
Says impact of crisis in China won't be as big here as in some other countries
"The issue in Iraq is still an area of uncertainty.
RBI Governor Raghuram Rajan, who today surprised markets with a rate hike, defended the move saying a rate cut would not have impacted either banks or borrowers and that bringing down retail prices is the key to sustainable growth.
Swamy now wants Arvind Subramanian, one of the front runners for the post of the new RBI governor to be sacked.
Roundup for Ranji Trophy matches played on Friday
The remarks come amid speculation that Rajan had feared elimination at the hands of Chhota Shakeel, the closest aide of underworld don Dawood Ibrahim.
"My remarks are motivated by the desire for a more stable international system, a system that works equally for rich and poor, large and small, and not the specifics of our situation," Raghuram G Rajan, Governor, Reserve Bank of India said at the Brookings Institution on April 10, 2014.
Reserve Bank of India (RBI) Governor Raghuram Rajan's decision to cut rates last week surprised even top officials.
The Supreme Court decision to cancel the allocation of 214 coal blocks will have bearing on thermal power plants, in which the banks have put in more than Rs 1 lakh crore (Rs 1 trillion) as loans.
Mallya, whose Kingfisher Airlines owes money to several banks, had on Thursday said he will challenge UBI's decision to declare him a willful defaulter.
Thackeray, along with top leaders of the Sena-UBT, went to Mumbra here to visit the razed shakha but had to face resistance from workers of the CM's Shiv Sena, who also showed black flags.
Rate cuts are a natural consequence that the RBI has no hesitancy in delivering.
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The truth is the government and the Reserve Bank enjoy a free, frank and cordial relationship.
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The year-end should not be a time for any spectacular changes in the banking system and must pass smoothly, Rajan told reporters after announcing the bi-monthly monetary policy, which left key policy rates unchanged.
He endorsed transparency and financial stability in addition to issues related to inclusive growth and development, write Puran Singh and Nupur Pavan Bang.
Media has gone beyond its traditional boundaries.
The agency says that it is exempted from the Right to Information Act.
India is better prepared to deal with any further US Fed tapering, but the country needs to remain vigilant to face eventualities, Reserve Bank Governor Raghuram Rajan said.
Raghuram Rajan panel report has made a case for ending the 'special category' criteria.
Over to the government how they manage the uncertainty of monsoon and revive spending in order to entice RBI for another round of rate cuts
Dr Rajan has clearly sought to establish his credentials as an inflation fighter and the action should be seen as an indication of how monetary policy will operate during his term.
Rajan's appointment will be perceived as a positive development.
It would be beneficial for the economy to hold on to high interest rates till inflation numbers are under control.
The Reserve Bank of India had taken steps to tighten liquidity in a bid to curb volatility in the forex market after the rupee fell to a record low of 61.21 to the dollar on July 8.
The Centre's fiscal consolidation resolve led to the cut in banks' mandatory SLR for the second time in a row, RBI Governor Raghuram Rajan said on Tuesday, hinting at more such liquidity enhancing steps in tandem with the government's action on fiscal deficit.
Lauding the pro-reforms approach adopted by Reserve Bank of India Governor Raghuram Rajan, industry body Confederation of Indian Industry on Thursday expressed the hope that the central bank would shift towards an expansionary monetary policy by cutting interest rates to stimulate growth.
'In the next 15-20 years, India will have at least 50 new (AI-driven) billion-dollar companies that are going to solve problems for the largest companies around the world.'
The RBI guv said global economy is actually recovering, though slowly
Last August, RBI gave in-principle approval to 11 applicants.
The rupee has also risen during the period and is now trading below the crucial Rs 60 against the dollar mark.
All eyes are on new Reserve Bank Governor Raghuram Rajan who will come out with his maiden monetary policy review on Friday amid conflicting demands for rate cut and an urgent need to contain inflation which soared to 6-month high of 6.1 per cent in August.
The RBI kept its key policy repo rate unchanged at 8.0 percent in its recent monetary policy.
Rajan, further said, the government was not contemplating more steps to curb gold import, and significant reduction was likely in June.
RBI governor Raghuram Rajan says, laws must be tightened for freeloaders.
Rajan, who will complete a month as the governor of Reserve Bank of India on Friday has already succeeded in restoring calm in the foreign exchange market.
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