Global rating agency Standard and Poor's Asia Pacific chief economist Subir Gokarn has been appointed as RBI deputy governor in place of Rakesh Mohan who quit months ahead of his retirement.
His term was due to end on November 24. He was appointed in November 2009 for a period of three years.
Subir Gokarn says credit-deposit growth mismatch for a longer period could put pressure on liquidity.
While the country's dismal food situation tops the list, India's crumbling infrastructure, too, requires prompt action, says Subir Gokarn.
The post of deputy governor (for economist) in RBI has been lying vacant since mid-June after Rakesh Mohan quit months ahead of his retirement.
Gokarn was the first Indian central banker who regularised warnings to the government, through the monetary policy statement, on the need to reduce fiscal deficit.
Bhalla will succeed former RBI deputy governor Subir Gokarn, who died in the US on July 30 after a brief illness.
A committee headed by Patel recommended retail inflation targeting and a monetary policy committee.
To balance growth and inflation, tax reforms such as GST and investments in increasing food productivity are vital
Former RBI deputy governor Subir Gokarn outlines an economic plan for Modi sarkar.
The key similarity between 1991 and 2014 is the criticality of decisive action.
In the absence of market opportunities, the management will need to persuade shareholders that legitimate methods of valuation were used and the transaction price was justifiable.
The more globally integrated the economy becomes, the more this inefficiency costs us, in terms of foregone export opportunities because of higher costs and more expensive imports.
Gokarn probably became the fall guy for resisting calls for interest rate cuts by the government and industry lobby groups, despite uncomfortably high inflation and/or for depreciation of rupee.
Government aims to invest $1 trillion in the infrastructure sector in the 12th plan.
Observing that India has a low foodgrain productivity and inefficient distribution, he said increasing the scale of investments in organised retail is one way to increase productivity and distribution efficiency.
Regulators need to maintain a balance between regulation and innovation as per local requirements, RBI Deputy Governor Subir Gokarn said today as he pitched for a supporting policy framework to lower business risks.
The downgrade threat comes in the backdrop of growth slowing to a nine-year low of 5.3% in the fourth quarter of 2011-12, high inflation
Financial substitutes for gold are key to addressing the pressure from large imports.
There is an apparent divergence emerging in the link between commodity prices and headline inflation in India, said Subir Gokarn, deputy governor of the Reserve Bank of India (RBI), on Monday.
Search panel to shortlist candidates soon.
The RBI is expected to respond to some bankers' demand for abolition of cash reserve ratio, the amount of money which banks are required to keep with the central bank in cash.
Ahead of its mid-quarterly policy review, the Reserve Bank today hinted at cut in interest rates, saying moderation in inflation due to lower economic growth and cooling global oil prices provide room for easing monetary policy.
Said to be considering a 2nd term for RBI deputy governor
CRR cut does not rule out open market operations.
Ahead of the mid-quarter review of the monetary policy on December 18, RBI Deputy Governor Subir Gokarn on Saturday said inflation continues to be the primary concern for the central bank.
Following the 11.4 per cent decline in the dollar value of the rupee over barely a quarter, the sharp slump of last week has further complicated an already tricky situation for the Reserve Bank of India (RBI).
The Finance Minister himself admitted that the tax proposal could have some inflationary bearing.
'While bank non-performing assets will rise, there is no systemic risk.'
Country's central bank has been vocal on the build-up of the fiscal deficit.
Reserve Bank of India (RBI) Deputy Governor Subir Gokarn on Tuesday said India cannot risk accepting high inflation as the new normal, nor can RBI afford to drop its guard.
On whether RBI will consider selling dollar directly to oil companies as it did in 2008 to curb further volatility in the rupee, he said all options are considered.
To a question on the latest Index of Industrial Production Data, RBI Deputy Governor said concerns had been raised about IIPD for sometime now.
Rising oil prices and firming up of global and domestic food prices are likely to have a significant impact on inflation outlook in 2011, a top RBI official said.
The upheaval in domestic markets that followed the US economic downgrade notwithstanding, RBI on Friday said the liquidity in the Indian banking system was not under stress and the central bank was monitoring the situation closely.
The Reserve Bank of India on Wednesday said it has reasonable tools to tame inflationary expectations, which along with short supply of food items, is fuelling price rise.
The Reserve Bank of India on Tuesday hinted at another round of monetary policy tightening at its upcoming review meet on November 2, with Deputy Governor Subir Gokarn asserting that it is a challenge to keep inflation in check.
The country's top bankers met RBI deputy governor Subir Gokarn on Thursday for the customary pre-policy meeting, where bankers pitched for a cut in savings bank rate, which will help them improve their net interest margins.
The Reserve Bank of India (RBI) may consider measures to deal with foreign institutional investor (FII) inflows, which are emerging as a potential threat, said the central bank's Deputy Governor, Subir Gokarn, in Mumbai on Tuesday. His comments came a day after Finance Minister Pranab Mukherjee said there was no need for restrictions on foreign inflows, in an interview with a television channel.
The Indian Rupee is the fourth most depreciated currency in the world and most depreciated in Asian continent.
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