Reserve Bank of India (RBI) Governor Raghuram Rajan spoke on a host of issues at his last post-policy interaction with the media
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.
He added that the risks can increase if the Chinese slowdown gathers more speed.
Rajan had said that there was lack of clarity about the new method.
Crime Branch arrested Chhota Rajan aide Vinod Chembur, a accused in an extortion case, along with the underworld don's wife Sujata.
RBI to ensure loans rate fall
The government plans to inject a total Rs 70,000 crore into the lenders over four years
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".
China's per capita GDP is about four times of India's, Raghuram Rajan said.
In a recent article, Rajan has ridiculed critics of the exchange rate policy.
He cautioned however that these are the early signs and one should not start celebrating.
The KKR think-tank might not be unduly worried as their campaign is still at a nascent stage, but they would like to see the first-choice pacer and spinner finding their range at the earliest.
The Reserve Bank had submitted a list of 150 top loan defaulters who owe banks more than Rs 500 crore in a sealed cover to the Supreme Court.
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.
Raghuram Rajan says he's not beholden to the Finance Ministry nor does he go around with the fear of being fired.
'The CoA feels that if David has declared and is not taking remuneration from India Cements, he is not in conflict'
Swamy had also claimed that Rajan was "mentally not fully Indian" and alleged that he has "wilfully" wrecked the economy
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.
The new government will face four big challenges -- subdued growth, the fiscal and current account deficits and sticky inflation, RBI Governor Raghuram Rajan said.
RBI governor also spoke on the ill effects of cutting interest rates too much
Rajan rules out picking unconventional tools to tame inflation
Royal Challengers Bengaluru's IPL 2024 campaign is just one-match old, but it has already exposed their biggest chink. It's fragility in bowling, and they need better returns from bowlers against a confident Punjab Kings at an unforgiving M Chinnaswamy Stadium, in Bengaluru, on Monday.
Retail inflation was at a 25-month low of 8.1 per cent in February.
Girish AD doesn't make romantic comedies so much as he elevates the genre, observes Sreehari Nair.
The government is likely to name a successor to Rajan sometime this month
'I declared myself a Sikh. We want freedom from caste discrimination.'
Their research paper on aid by rich nations got leaked
Experts applaud RBI governor RAghuram Rajan for his good work.
Second authentication for small value payments through credit cards can be reduced subject to conditions.
The four alleged contract killers, identified as Robinson, Junaid, Yunus and Manish, were arrested on June 3 following which they were sent to police remand and interrogated for five days.
Bobat also backed England all-rounder Will Jacks to come in handy.
Annamalai has faced criticism for the breakup between the AIADMK and the BJP, but BJP leaders say 'he attracts youth, who needs change'.
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.
The progress we made in recent past should not detract us from making further structural reforms: Rajan
Vigilance and anti-corruption officials on Saturday conducted searches at seven premises of Suresh Rajan in Kanyamkumari and Tirunelveli districts on charges of possessing disproportionate assets, the sixth former Dravida Munnetra Kazhagam minister to come under the scanner.
RBI governor advises students to not take advantage of economic freedom
'The prime minister's comment on 'revdi culture' was welcome. But I am disappointed he did not follow up on that.' 'All political parties, including the BJP, have been guilty of this.' 'Now, Modi's guarantees, the Congress's 'nyay' path and both ruling and Opposition parties are vying with each other for freebies in my home state Andhra Pradesh.'
India Inc on Wednesday said it looked forward to the new RBI Governor Raghuram Rajan initiating cut in interest rates and improving credit flow to crucial sectors like infrastructure to put economy back on high-growth path.
According to Bali police sources, decks have been cleared for his return, but volcanic eruption at Mount Rinjani led to cancellation of all flights.
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