Dr Rajan has clearly sought to establish his credentials as an inflation fighter and the action should be seen as an indication of how monetary policy will operate during his term.
Chief Minister MK Stalin has shown that he is cut from a different cloth when it comes to embracing what is current, modern and absolutely necessary. Thus, even while retaining the spirit and content of the pan-Tamil, Dravidian socio-political and socio-economic ideology to the 't', his government has also acknowledged the need to accepting scientifically-proven facts in operational matters, says N Sathiya Moorthy.
A few market and economic indicators have begun looking up, thanks to what many term the 'Rajan effect'.
Shares are likely to remain volatile in the week ahead as uncertainty heightens over Syria.
RBI Governor Rajan on Wednesday said significant progress made in curbing current account deficit.
Shares are likely to remain volatile in the week ahead as uncertainty heightens over Syria.
The central bank kept cash reserve ratio unchanged at 4 per cent.
RBI governor and new FM could hog all the limelight.
RBI governor is seen succeeding International Monetary Fund (IMF) chief executive officer, Christine Lagarde, next year.
Consumer price inflation touched a nine-month high of 11.24 per cent last month.
Listening -- really listening -- to advisers in the government and outside would help. India has plenty of wise economists who have worked within the bureaucracy during previous crises, points out Rahul Jacob.
While the rest of India marches towards the promised destiny of 'progress', Bihar - the heart of India- is doomed to poverty and the injustices of a caste-based society.
The Indian currency was tracking the non-deliverable forwards while lower stock futures also hurt sentiment.
The government kept its nerve in the face of a massive shock. It chose not to resort to a massive fiscal stimulus. It focused instead on providing liquidity support and easing restrictions on movement in stages, observes T T Ram Mohan.
The days of anti-reform, anti-growth advisers that undermined our economy in the UPA-II years will now be strictly behind us: Bhagwati
The rupee was at 62.08/12 versus Thursday's close of 61.77/78.
RBI kas hiked short-term lending (repo) rate by 0.25 per cent to 7.5 per cent.
In his first monetary policy review since taking office on September 4, RBI Governor Raghuram Rajan increased the repo rate by 25 basis points to 7.50 per cent.
Reserve Bank of India Governor Raghuram Rajan, who will present his maiden policy on September 20, held discussions on Tuesday with Prime Minister Manmohan Singh and Finance Minister P Chidambaram on the macro-economic situation.
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The truth is the government and the Reserve Bank enjoy a free, frank and cordial relationship.
It took three years of collective fiscal profligacy and policy mismanagement to cause this crisis.
Raghuram Rajan, a former chief economist at the International Monetary Fund, takes charge at the RBI as the country faces its worst economic crunch since a balance of payments crisis two decades ago.
Top bankers on Wednesday exuded confidence that Raghuram Govind Rajan, who today took over as the 23rd Governor of the Reserve Bank, has the intellectual prowess to wade through the present difficulties facing the economy and wished him all success for the stint at Mint Road.
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Rajan, the academic-turned-central banker who is credited with predicting the global financial crisis, said that voicing of views will have positive effects.
India has been assigned the lowest investment grade rating with a high risk profile by various global agencies.
The IIM Bill, passed by Rajya Sabha, gives B-schools autonomy and power to award full-fledged degrees.
He doesn't expect banks to raise interest rates, as they'd not reduced these after the policy rate cuts in May and March.
The future action on rate change will depend on data said the RBI Chief.
In its quarterly macroeconomic review on Monday, the central bank said it expects inflation to remain near current elevated levels for the remainder of the fiscal year that ends in March.
Rajan, further said, the government was not contemplating more steps to curb gold import, and significant reduction was likely in June.
As the global economy sways into uncertain territories and domestic prices almost certain to rise, Raghuram Rajan's ideas would have come in handy.
The Finance Ministry on Tuesday exuded confidence that recent initiatives of the government will push economic growth rate in the current fiscal and made a case for quick passage of reforms legislations like the GST and insurance bill to improve investor confidence.
The former Union minister alleged that the government is "intolerant to the slightest criticism".
He used an old rule to cut the expenditure allotted to various ministries.
Raghuram Rajan said the passage of the GST Bill augurs well for the growing political consensus for economic reforms.
The Sensex fell nearly 2 per cent on Friday after a surprise rate hike by the RBI led to a slide in rate-sensitives like banking and auto shares.
All eyes are on new Reserve Bank Governor Raghuram Rajan who will come out with his maiden monetary policy review on Friday amid conflicting demands for rate cut and an urgent need to contain inflation which soared to 6-month high of 6.1 per cent in August.
Rajan has already warned he does not have a 'magic wand' to deal with India's economic crisis.
With September 11's rise, has appreciated 5.5% in just a week
While the RBI has been intervening heavily in both spot and forward markets to support the currency, especially when it nears its record lows, there are technical signs that the rupee is set for some near-term consolidation.
