Raghuram Rajan will take over as RBI Governor on September 4 at a time when the country is facing a grave economic crisis.
Former RBI governor Raghuram Rajan, who faced a stinging attack from Finance Minister Nirmala Sitharaman for presiding over the "worst phase" of the Indian banking sector, on Thursday reminded her that two-third of his tenure as the head of the central bank was under the Bharatiya Janata Party government.
Rajan said in order to export, one needs to be able to import things that go into those exports as cheaply as it can.
A woman, whose husband went missing from aircraft carrier INS Viraat around ten years ago, has moved the Bombay High Court challenging the Navy declaring her husband a 'deserter'. According to petitioner Pratibha Raghuram, she was evicted from her house in Navy Nagar in Mumbai in December 1998, barely one month after her husband Raghuram went missing from INS Viraat, which was docked in Goa.
China's per capita GDP is about four times of India's, Raghuram Rajan said.
She would be the first Indian to be occupying the coveted post at IMF after former RBI governor Raghuram Rajan
Observing that it is not yet clear to him what the government means by 'Atmanirbhar Bharat', Rajan said if it is about creating an environment for production, then it is a re-branding of the Make in India initiative.
Gross non-performing assets of public sector banks have gone up.
Stocks and rupee on Monday took an early morning plunge but soon recouped their losses.
DBS called Rajan's decision not to seek an extension as a 'negative surprise'.
The RBI chief was speaking to researchers at an analyst call.
The government seemed unhappy with Raghuram Rajan's interest rate policy.
Nationalisation has served its purpose. It's time to move ahead, keeping majority ownership of the government in a few banks to serve the people, argues Tamal Bandyopadhyay.
A top Finance Ministry source, however, said no discussion has taken place in the government so far on whether to extend Rajan's tenure or not.
Two films will release on Diwali.
A day after Bihar Chief Minister Nitish Kumar slammed the United Progressive Alliance government for shelving the special status demand at the behest of its 'natural' ally, the Congress hit back charging him with misleading the people on the issue and instigating them against it.
Today, with growth having slowed and macro-economic challenges in every direction, would the government have benefited from the advice of 'Harvard' economists? asks T N Ninan.
On Aug 11, the Chinese central bank surprised markets by devaluing the yuan by nearly 2 per cent.
13 eminent economists, including former RBI governor Raghuram Rajan and current International Monetary Fund Chief Economist Gita Gopinath, in a report have asked the political establishment not to resort to populist tricks.
Making light of his critics, he also said there are people who send him 'anonymous thank you notes' even when he on a plane.
In the past, there have been instances of people getting fake e-mails in the name of RBI.
Rajan has set March 2017 as the deadline for banks to clean up their balance sheets.
During the pre-budget consultation with Union finance minister, some states made a case for fiscal expansion by boosting consumption to tide over the sluggishness in the economy.
The report further noted that inflation is expected to fall to 4.5 per cent by quarter ended March 2017.
For now, the BJP's strategy for Khushbu seems to be one of denial -- denying the rival Congress in the state and also at the national-level a Muslim voice acceptable to Hindu audiences and TV news-watchers. This is much less than the induction of DMK veterans like Duraiswamy and Selvam, who still have a greater chances of winning assembly seats,, says N Sathiya Moorthy.
Business houses expect rate cut in next RBI policy.
Retail inflation was at a 25-month low of 8.1 per cent in February.
In the global context, the country "stands out" in terms of relatively stronger growth and improved economic fundamentals, Raghuram Rajan said.
Onno Ruhl said it is imperative to have a favourable global environment in addition to the domestic advantages.
Announcing her appointment, IMF Managing Director Christine Lagarde hailed the Mysore-born Gopinath as "one of the world's outstanding economists with impeccable academic credentials, a proven track record of intellectual leadership and extensive international experience".
Swamy had also claimed that Rajan was "mentally not fully Indian" and alleged that he has "wilfully" wrecked the economy
'Since the NDA took office in 2014, and aggressively since 2019, the Union government seems hell bent on centralising all power and resources, only to fail spectacularly.'
In January 2003, the American Finance Association awarded Rajan the inaugural Fischer Black Prize for the best finance researcher under the age of 40.
Subramanian Swamy now wants Arvind Subramanian sacked.
While achieving an eight per cent retail inflation rate by January 2015 is well within reach, Reserve Bank of India Governor Raghuram Rajan notes there is a second target, of six per cent by 2016.
The RBI is not statutorily independent from the government but has long enjoyed wide latitude
Former Finance Minister P Chidambaram said he was "disappointed and profoundly saddened" by Rajan's decision against a second term, but was not surprised by the development
RBI Governor Raghuram Rajan on Tuesday said the government will decide on extension of his tenure.
Centre to take a call only in August, just a month before his three-year term ends.
The meeting, which comes just days before the next bi-monthly monetary policy review on June 3, lasted for about 50 minutes.
