An interview with author of the report on the working of stock exchanges and other market infrastructure companies
"This year (2009-10), our WPI is low and I don't see any problem on the horizon which could destabilise us except oil prices which remain a question," said Rajya Sabha MP and former Reserve Bank Governor Bimal Jalan. On the high fiscal deficit, Jalan said he did not think stimulus packages posed a problem. On taxation, he said it would not be good for the country not to have a reasonable rate of tax on profit and dividend.
The panel will include Economic Affairs Secretary Subhash Chandra Garg and RBI Deputy Governor N S Vishwanathan.
'Most crises take place because locals take their money out, not because only foreigners do'
Securities & Exchange Board of India (Sebi) Chairman C B Bhave has for the first time publicly backed the Bimal Jalan committee report on the working of capital market infrastructure institutions (MIIs). The report was placed in the public domain on November 24 and received scathing criticism from industry players.
It is now clear that the revised takeover code and the Bimal Jalan committee report will not be implemented soon and in the same form, since the finance ministry wants to seek industry views on these two sets of recommendations this month, before the market regulator could take a decision.
Former Reserve Bank of India Governor Bimal Jalan on Thursday ruled out the possibility of his becoming the next finance minister, saying he did not belong to any political party.
Former RBI Governor Bimal Jalan on Wednesday said the Congress leader Manmohan Singh was assuming the office of the prime minister at a time when the country was facing "huge challenges" in the political, economic and social spheres.
Garg had refused to sign on the report finalised by the former Reserve Bank of India governor Bimal Jalan-led committee reviewing the central bank's economic capital framework (ECF).
Former governor of the Reserve Bank of India Bimal Jalan on Saturday said that taxing FII inflows will not serve any purpose and his successor Y V Reddy was misquoted on this issue.
The committee was appointed by market regulator Sebi in December 2009 to review the ownership and working of capital market infrastructure institutions.
Reserve Bank of India Governor Bimal Jalan said on Saturday the fiscal deficit remained a difficult problem but overall macro-economic conditions were favourable for accelerating growth.
The economy can grow by 8.0 per cent if the government improves the public administration and delivery systems, carry forward legal reforms and implement policies promptly
Reserve Bank of India governor Bimal Jalan said on Saturday the bank would maintain its soft monetary policy.
Reserve Bank Governor Bimal Jalan on Saturday asserted the economy would achieve higher growth rate this fiscal in the face of strong economic fundamentals and good monsoon.
Reserve Bank of India governor Bimal Jalan said on Tuesday that the central bank was comfortable with the current level of inflation and was not worried about a recent rise in the rate.
Reserve Bank Governor Bimal Jalan on Monday held a meeting the bankmen's unions in order to address the problems faced by the bank employees in issuing clean currency notes to the public.
Jalan expressed concern over individual ministers, some of them politically heavyweights, taking vital decisions without taking the Cabinet into confidence.
Reserve Bank of India Governor Bimal Jalan on Wednesday said the apex bank's stance on soft interest rate environment will continue while it will remain flexible for repo rate.\n\n\n\n
There has been a convergence between what the markets expected and what was announced in the Credit Policy.
The report of the committee could be taken up at the next meeting of Securities and Exchange Board of India.
Reserve Bank of India Governor Bimal Jalan said on Wednesday that the central bank had a soft and flexible stance on altering the repo rate if monetary conditions warranted.\n\n\n\n
Reserve Bank of India Governor Bimal Jalan said on Friday that current crude oil price levels were not a cause for worry.
Reserve Bank of India chief Bimal Jalan said on Friday he was not considering a cut in the short-term repo rate, but added he was in favour of a soft monetary policy bias.\n\n\n\n
Reserve Bank of India governor Bimal Jalan said on Monday there was no urgency to review the central bank's stance on the bank rate as announced in its October credit policy statement.\n\n
Amidst a debate in the government over investment of employees' provident funds in the stock market, former RBI Governor Bimal Jalan cautioned that any such move will have to be backed by a government assurance for making up for losses, if any.
The Reserve Bank of India, which is scheduled to review the monetary policy on October 30, should not do anything that might make the economic fundamentals of the country uncomfortable, former RBI governor Bimal Jalan said on Tuesday. The central bank is facing a tough task of keeping the economic growth going while keeping inflationary pressures under control.
The Reserve Bank of India will maintain a soft interest rate bias, the central bank's Governor said
RBI Governor Bimal Jalan today inaugurated the currency verification and processing system for faster and secured processing of soiled currency notes at the Mumbai office of the central bank.
No inflationary pressure in near future: Jalan
Reserve Bank of India governor Bimal Jalan reiterated Monday the bank's soft monetary bias but said there was no immediate plan to cut the short-term repo rate.
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