India is more insulated to Fed-related volatility than other emerging markets due to its better economic fundamentals
"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.
AIBEA said that on April 19 its officer bearers would meet in Punjab to decide the next course of action.
Bad loans of PSBs are at Rs 20 trillion. Most of it is, I sense, due to corruption and behest lending. Nobody pays a price for this charade. Not the promoters, the bankers, RBI officials, finance ministry bureaucrats or politicians, points out Debashis Basu.
RBI sees marginal improvement in economic growth to 5-6%.
Rajan had said that there was lack of clarity about the new method.
'Rajan brought in a healthy air of competition in the banking sector.'
At present, bank depositors get an insurance cover of Rs 1 lakh on their amount by the Deposit Insurance and credit Guarantee Corporation.
Minutes after the Union Cabinet approved raising the cap on subsidised liquefied petroleum gas (LPG) cylinders from nine to 12 per connection in a year, Reserve Bank of India (RBI) Governor Raghuram Rajan questioned the decision, suggesting it was "misdirected subsidy".
The RBI on March 12 approached the Election Commission seeking its approval for granting bank lincences as the model code of conduct had come in place after the general elections announcement on March 5.
BSE Realty, Capital Goods and Consumer Durables indices were down by 3% each.
A panel headed by Reserve Bank of India deputy governor Urjit Patel recommended in January moving to an inflation target.
'There are lots of low hanging fruits and often no real impediment to plucking them.'
India's corporate sector sees big ticket deals in 2013.
Rajan also expressed hope that a stable government after the Lok Sabha elections will continue the broad fiscal policies of the current regime and India may finally get the Goods and Services Tax, an ambitious indirect tax reform measure.
People who advocate a rate hike because inflation is very high, even without the food component, have in mind some developed-economy structure, Raghuram Rajan tells Business Standard in an exclusive interview.
Fed move based on US economic recovery, which should boost India's exports, narrow CAD and help curb 'imported' inflation
'Rahul Gandhi's recent video performances offer little hope - the first fell flat in attacking government 'strategy'; the second showed him in a position unbecoming of a leader,' argues T N Ninan.
RBI governor highlights the role of fate in his career at a meeting of the IIM-A alumni.
Bharatiya Janata Party's prime ministerial candidate Narendra Modi is the most talked about person on Facebook in India beating likes of cricketing legend Sachin Tendulkar and Apple iconic device iPhone 5s, the US-based social networking site said on Monday.
The RBI's bi-monthly policy review on June 3 will be the first after Prime Minister Narendra Modi assumed office on May 26.
Indian economic growth hit a low of five per cent in the financial year ended March 31,2013 and further slowed in the first quarter of FY14.
As deputy governor, Patel headed the RBI panel to draft the monetary policy report, which became the basis of the ongoing reforms at the apex bank
The comments assume importance as the traditional position of the central bank has been not to set a forex reserves target.
RBI Governor cautioned against more volatility.
Rajan rules out picking unconventional tools to tame inflation
The RBI wants CPI inflation to ease further to 6 per cent by January 2016.
Reserve Bank Governor Raghuram Rajan on Tuesday again surprised the markets and raised the key policy rate by 0.25 per cent to 8 per cent in a bid to curb inflation, a move that may translate into higher EMIs and push up the cost of borrowing for corporates.
Inflation is a big concern for India, says RBI chief Raghuram Rajan.
The immediate challenge to faster growth is to restore stability to the currency markets.
Seeking to guard investor returns from excessive exchange rate movements, RBI Governor Raghuram Rajan on Thursday said a move towards an inflation target of 4 per cent will help contain the currency market volatility.
In terms of magnitude of rate cuts, Morgan Stanley expects 50-100 basis points of policy rate cuts in 2015, depending on the inflation trajectory, which in turn will be dependent on the trend in commodity prices, fiscal deficit and rural wage growth.
Pawar asked Modi why he was daring Opposition leaders to bring back Article 370 of the Constitution after it was nullified by Parliament in August.
The RBI is expected to issue only a few bank licences after completing due diligence.
'Democracy is India's greatest strength.'
The current account deficit, which is the difference between inflow and outflow of foreign exchange, rose to a record high of 4.8 per cent of GDP in 2012-13, from 2.8 per cent in 2010-11.
Rupee has strengthened but is this sustainable.Or are we staring at a slip very soon.
Raghuram Rajan's signal of a neutral stance is at odds with concerns about inflation and markets' revised expectation of more increases in the repo rate
'A concerted attempt is afoot to try and create a new image of an intelligent man who knows what he is talking about and is far from the person that his critics in the media and Opposition have often portrayed him to be,' says Virendra Kapoor.
Prasad told the IIM-team how he changed the old dictums like raising of goods and passenger fares to minimise cost and increase trade, reduced wagons turnaround time from seven to five days and raised carrying capacity of goods trains.
