The comments assume importance as the traditional position of the central bank has been not to set a forex reserves target.
'From where prime ministers sit, it makes no difference at all who occupies the governor's post.' 'Literally anyone with a decent education or work experience can be appointed to the job, which is basically a managerial one with little room for manoeuvre,' says T C A Srinivasa-Raghavan.
RBI Governor Raghuram Rajan on Friday defended his development index for measuring backwardness of states, saying the aim is to "encourage development" and "everything over and above that is a political spin."
Rupee, he said, is not in shambles and "we should not be overtly pessimistic".
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The Congress led UDF government in Kerala has asked Prime Minister Manmohan Singh to reject the Raghuram Rajan panel report evolving new formula for devolution of funds to states.
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.
Amazon Prime Video has announced a huge number of assorted Web series and movies, and the slate sure looks interesting.
The Maharashtra government's decision to hand over all the cases against underworld don Chhota Rajan to the Central Bureau of Investigation has not gone down well with the Mumbai Police with several senior officials criticising the move stating that it has raised doubts over their ability.
Only time will tell whether an individual like Rajan would be able to influence the manner in which the Fund looks at the rest of the world, especially developing countries.\n\n
If Mr Rajan's citizenship is considered relevant for heading an organisation that issues sovereign currency, should the provenance of a participant in a critical function of a sovereign democracy not count as well?
A day after the Reserve Bank of India's monetary policy review, the RBI Governor talked to journalists on related issues.
A RBI constituted panel on financial inclusion headed by Nachiket Mor had recommended the setting up of the payments banks in order to deepen access to finance.
Karnataka State Disaster Management Authority Commissioner Manoj Rajan said, 'We have got a message that a group of 31 people hailing from Karnataka are stranded in Sudan. We have informed the Ministry of External Affairs about it.'
Rajan also reiterated his view on the growth rate being inextricably linked with curbing inflation.
To provide exporters/importers greater flexibility in risk management, RBI enhanced the limit available to exporters to 50 per cent
The fresh batch of evacuees arrived in Bengaluru, a day after 365 people returned from the African country to Delhi.
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