Asserting that retail inflation excluding food and fuel is still at an elevated level, the Reserve Bank of India on Tuesday said it would endeavour to curb price increases.
Rajan sees banks passing on the benefit of lower rates regime to customers.
"Let people pay, but if they don't pay, go after them"
While Raghuram Rajan's departure under these circumstances is a pity, it would be wrong to conclude that the RBI or the economy cannot do without him.
RBI Governor Raghuram Rajan plans to write on 'academic issues' after leaving the Reserve Bank.
Rajan also said weak results from India's corporate suggested final demand is yet to pick up strongly.
Special CBI Judge Vinod Kumar said this after the agency informed the court that there was a "serious life threat" to Rajan from various underworld mafia groups and intelligence inputs have been received in this regard.
Reiterating his earlier stance, BJP's Rajya Sabha member Subramanian Swamy has written a letter to Prime Minister Narendra Modi, asking him to sack RBI Governor Raghuram Rajan.
The RBI governor also said he is not 'overly' worried about any interest rate hike by the Federal Reserve, saying the country had enough foreign exchange reserves.
According to immigration sources, the time of Rajan's deportation will be made clear by the Interpol after they quiz him and a final clearance is issued.
Rajan said that central banks should not ignore global responsibilities.
The immediate priority for the new governor will be to draft the mid-quarter review
"I would hope that the government would very respectfully request him to continue for one term or my preference would be two terms," Narayana Murthy said.
Tata Motors owned Jaguar Land Rover will start producing its Range Rover and Range Rover Sport in India, marking a first for the iconic models in their 54-year long history, to be rolled out from a country outside of the UK. Till now the two models were only produced in Jaguar Land Rover's Solihull plant in the UK and then exported to around 121 markets globally, including India.
RBI Governor Raghuram Rajan on Friday pitched for incentivisation of domestic savings to boost investments in the country.
Rajan says, this is a time where countries should be focusing on getting the macro stability in order
RBI Governor Raghuram Rajan on Tuesday kept the repo rate unchanged 6.50 per cent.
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
A joint team of CBI and police officers has left for Indonesia to seek deportation of underworld don Chhota Rajan, two days after India wrote a letter to the authorities there for his return to face trial in various criminal cases registered against him.
'Access to finance is one of the most crucial needs in the economy.'
Dr Rajan is a person of very high caliber
Reserve Bank Governor Raghuram Rajan on Friday said banking sector will see major changes in the coming years.
Centre to take a call only in August, just a month before his three-year term ends.
"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.
RBI Governor Raghuram Rajan on Friday said keeping inflation low is the key task for sustainable economic growth of the country.
Rajeev Srinivasan tells how he came very close to being another number in the 'disappeareds' during the Emergency.
The State Bank of Travancore has suspended 'Raghav Rajan', the probationary officer working with them and said to be Bitti Mohanty, convicted in the 2006 German woman rape case and now in police custody seven years after he jumped parole.
Indian family-run business houses have in recent years seen ugly public spats between owners over control. But metals-to-ports conglomerate Essar's Ruia family seems to be an exception. Three generations of the Ruia family - founder brother Shashi and Ravi Ruia, their children and grandchildren - continue to live under one roof and jointly run the business empire.
Raghuram Rajan becomes the 23rd governor of Reserve Bank of India.
While he has plenty of critics at home, Rajan is a favourite among foreign investors and has been credited for bringing inflation under control.
Rajan also said it's a problem of collective action and not a problem of industrial nations or emerging markets
In the past, there have been instances of people getting fake e-mails in the name of RBI.
Rajan said the central bank has used up all its "space available" to cut interest rates
The solution to this problem lies only in making the system more efficient, he said.
'There are lots of low hanging fruits and often no real impediment to plucking them.'
Finance Minister Arun Jaitley said RBI and the government are in continuous dialogue and that relationship will continue.
Maharashtra Chief Minister Devendra Fadnavis on Monday said the decision to hand over all the cases against underworld don Chhota Rajan to the Central Bureau of Investigation was taken on the advice of Mumbai police, and dismissed suggestion that it was because of his allegation about a nexus between some police officers and rival gangster Dawood Ibrahim.
The underworld don has written a letter to the Indian consulate speaking of a threat to his life in the Bali prison.
In the global context, the country "stands out" in terms of relatively stronger growth and improved economic fundamentals, Raghuram Rajan said.
Rajan has been facing continuous attacks by Bharatiya Janata Party MP Subramanian Swamy and some other sections, who have alleged that he has failed to lower interest rates and boost the economy
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances