"I am an academic and I have always made it clear that my ultimate home is in the realm of ideas," Rajan said in a letter to staff.
The impending default on the IMF loans leaves Greece sliding towards an exit from the euro.
'I am willing to help/assist in any way to help bring in a change. It's shocking to say the least that the payment system hasn't been changed since 2004. Imagine the value of 100 rupees then and now. It is so different' 'The guys can't even plan their future because they don't know whether they would earn Rs 1 lakh or Rs 10 lakh in that year and it leads to huge issues in their lives and families and (affects) state of mind. Anyway, let's try and gently make a change for our brothers'
"India has become the fastest growing major economy in the world. Despite the global slowdown, we have registered excellent growth. Today, India is a bright spot in the global economy. We are seen as the engine of global growth," he said.
The Reserve Bank left interest rate unchanged.
Watal panel had suggested an independent payments regulator be set up.
The US has been in discussions with Pakistan but there has been not a 'sufficient amount of action' from it against terrorists.
With a sole mandate of inflation targeting, RBI wears many hats.
Modi govt says its economic score on all coutns is very good.
Finance Minister Arun Jaitley presented the Union Budget.
Greece awoke with a political hangover on Thursday after parliament approved a stringent bailout programme, thanks to the votes of the pro-European opposition, amid the worst protest violence this year.
The post-crisis debate on capital account management focuses on matching instruments with vulnerabilities.
Faster normalisation of central-bank balance sheets will drive yields higher.
Reserve Bank of India (RBI) Governor Raghuram Rajan spoke on a host of issues at his last post-policy interaction with the media
'Does it make any difference to you, that one of our doctors almost lost his vision, while you delayed in immediately getting the right care for your family member, as per his advice?'
There is a case for analysing the fiscal deficit, separately for expenditure and investment.
Investors cheered a sharp decline in the Current Account Deficit, which stands at a 4 year low as exports picked up and gold imports reduced.
Rahul Gandhi has the potential to grow into a good, effective, leader of the Opposition provided he puts his heart and soul into it, with a willingness to learn, says B S Raghavan, the distinguished civil servant who worked closely with India's first three prime ministers.
"The poor will not suffer disproportionately due to bouts of sharp inflation, and the middle class will not see its savings eroded," Raghuram Rajan said.
'We are looking at the Budget with the hope that it will address all issues even at the cost of exceeding the fiscal deficit target.'
Moody's rates India's outlook at stable.
'Jaish is known for its fidayeen activities.' 'This well trained human resource backed by military-based training makes the JeM an obvious choice over the LeT and HM.'
'The government and the RBI have been playing a very good part in terms of inflation management.'
Mr Swamy has written letters to the Prime Minister's Office asking for Mr Rajan's services to be terminated.
Greek proposals hailed as "a positive step forward".
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'India is doing better than when we took office 17 months ago'.
Tight liquidity will hit over-leveraged and cash-hungry companies, spare conservative ones
'I feel now we have a leader who is non-corruptible.' 'But he needs time as corruption is deep-rooted in our society, and people have no shame about being corrupt.' 'It will take at least 7 years to make some changes.'
Jaitley's team presents a quintessential mix of foreign-educated, intellectual technocrats and seasoned bureaucrats
For India to monetise gold, it is not the institutional depositor that policymakers must target but the average retail depositor.
The agreement on sharing of financial information is a distinct and welcome break from its trend.
'The 'Off-with-Rajan's-head' brigade bases its arguments on mistaken beliefs, erroneous causalities, and even downright prejudice.'
An International Monetary Fund study published on Tuesday showed that Greece needs far more debt relief than European governments have been willing to contemplate so far, as fractious parties in Athens prepared to vote on a sweeping austerity package demanded by their lenders.
'...Unless we muck up our policies.' 'We have to become a modernised economy.' 'Our institutions should be stronger. And that is most important.' 'The rule of law should prevail and contracts should be enforced.' 'Above all, we have to recognise the importance of globalisation.' 'It is in our favour at this stage. We should grow and become globally competitive.'
IIM-B, professor R Vaidyanathan talks to Shobha Warrier about black money, Mudra Bank and Jaitley's Budget.
'Most of the agitations are staged by the Opposition to disturb the peace of the state.'
Arvind Subramanian talks about US and China's power play and where India figures in these dynamics.
The elements are all aligned to make India a global powerhouse, says IMF Managing Director Christine Lagarde.
'RBI and the economy will gain tremendously from Urjit Patel's experience in both private and public sectors'
According to the 2011 census, 67 per cent of rural households and 13 per cent of urban households defecate in the open.
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