"I think bankers have expressed some concern that they should not be held liable for actions that are taken in the full spirit of what is needed," Raghuram Rajan said.
Rajan was expected to join the search committee to appoint three external members of a new six-member RBI Monetary Policy Committee
Anandabazar Patrika reported that Rajan would prefer to go back to the United States after his three-year term expires in early September
Malayalee From India is trapped within its self-serving corniness and refuses to break free in the process, observes Arjun Menon.
IMF chief said the G20 leaders need to respond to the calls for creating jobs.
After Raghuram Rajan leaves, the world for the succeeding RBI governors will be distinctly different.
Central bank governor says the devaluation like China or Japan is neither feasible nor a good strategy
Deported gangster Chhota Rajan was on Thursday produced before a special MCOCA court in Mumbai via video conference from Tihar Jail in connection with journalist J Dey's murder of 2011.
In a recent lecture, RBI governor Raghuram Rajan dished out some frank advice -- don't get into 'jugaad', instead try for the long haul. Only that will sustain in the long-run.
Former Reserve Bank of India (RBI) Governor Raghuram Rajan says the government should take advantage of the peaks in the Indian equity markets right now and sell stakes in PSUs while prioritising spending to get the economy back on track. The upcoming Budget for the fiscal year beginning April 1 should look to provide "relief to the poorer households and small and medium enterprises," he said. And then move on to getting the economy back on track.
The ones who came more recently were clutching the green cards that gave them an escape hatch through which to return to green pastures: Arvind Panagariya, Raghuram Rajan, Arvind Subramanian and other perfectly honourable gentlemen like them, points out T N Ninan.
Expectations are high. There is a little bit of euphoria in India, says RBI governor.
Narsaiyya Mama alias Langdya was attacked by 'four or five' unidentified men.
Governor Rajan stressed on the benefits over a medium-term.
Reserve Bank Governor Raghuram Rajan on Monday slammed International Monetary Fund for staying on the sidelines and applauding accommodative policies of developed nations.
'My immediate objective is to start thinking about research once again. Start understanding the world we are in which has changed quite a bit.'
Here is some background on the candidates seen as potential successors to Rajan at the RBI
Crime Branch arrested Chhota Rajan aide Vinod Chembur, a accused in an extortion case, along with the underworld don's wife Sujata.
"I am an Indian citizen, I have always been an Indian citizen. I always held an Indian passport. I held an Indian diplomatic passport when my father was in the foreign service and when I travelled on behalf of the ministry of finance," Rajan said.
Macroeconomic factors under control, says Rajan
Reserve Bank Governor Raghuram Rajan on Monday warned against compromising India's interest for the sake of attracting foreign investment and said the priority should be framing transparent policies as well as resolving contractual tax disputes quickly.
Former Mumbai police officer Pradeep Sharma has moved the Supreme Court challenging the Bombay high court verdict convicting and sentencing him to life imprisonment in a 2006 fake encounter case.
July has some interesting content on OTT, with quite a few original shows and movies premiering in the digital space.
Underworld don Chhota Rajan was on Thursday deported to India and is expected to reach Delhi early Friday morning, 27 years after he had fled the country in the face of numerous cases of murder, extortion and drug smuggling against him.
Rajan expressed concerns on pressures on the services front.
Full capital convertibility means a foreign investor can repatriate his money into his own local currency at will.
Bankers and government officials told Reuters Rajan's successor may be less aggressive in fighting bad loans, but the general direction will remain the same
Rajan had said that there was lack of clarity about the new method.
Rajan, who has been warning against competitive monetary policy easing by central banks, however, said the situation is different in India where RBI still needs to bring down lending rates to spur investments.
An officer within the Indonesian police was quoted by NDTV saying that Rajan is very scared, constantly smoking and doesn't talk to people.
Reserve Bank of India (RBI) Governor Raghuram Rajan spoke on a host of issues at his last post-policy interaction with the media
He added that the risks can increase if the Chinese slowdown gathers more speed.
Veteran cricket writer Rajan Bala passed away in Bangalore on Friday following a prolonged illness. Rajan turned 63 two days ago and died in a hospital in the Garden City where he had been admitted, according to family sources.
RBI to ensure loans rate fall
He cautioned however that these are the early signs and one should not start celebrating.
The government plans to inject a total Rs 70,000 crore into the lenders over four years
In a recent article, Rajan has ridiculed critics of the exchange rate policy.
While stating that a strong government should be led by those who have expertise, motivation and integrity and can provide the needed public good, Rajan warned that "strong governments, may not, however, move in the right direction".
'The RBI is something like a seat belt. As a driver, the driver being the government, it has the possibility of not putting on a seat belt but of course if you do not put on your seat belt you get into an accident and the accident can be quite severe,' Raghuram Rajan told CNBC TV18. 'The aim of the board is to be Rahul Dravid -- sensible, thoughtful and not, with due respect, Navjot Sidhu,' he added.
China's per capita GDP is about four times of India's, Raghuram Rajan said.
