'I would say restore the banks to health, get active board composed of professionals, then there will be an ideal situation for merger.'
Inheritance tax only helps the lawyers: Rajan
Raghuram Rajan's signal of a neutral stance is at odds with concerns about inflation and markets' revised expectation of more increases in the repo rate
To the question on what comes first, clean up or growth, Rajan said the answer is unambiguously 'Clean up!'
Rajan said an interest rate cut won't by itself lead to higher economic growth
Never one to mince words, Rajan will walk away with a mixed legacy
Zzungry said it had introduced limited edition of 'Ulundu kozhukattai' and 'Kova kozhukattai' that are inspired from the cuisines of two states that hold great relevance in the life of Raghuram Rajan.
Quite a few film folk and politicians attended the funeral of veteran actor Atul Parchure, who died on October 14 after a long battle with cancer. He was 57.
Subramanian Swamy has been critical of Rajan for not lowering interest rates earlier to boost growth.
"I think the Governor has been doing a great job for the country and we would certainly see it as a very positive move if he were reappointed," Naushad Forbes, president, CII.
DBS called Rajan's decision not to seek an extension as a 'negative surprise'.
Following up on his barb last week that Rajan should be sent back to Chicago, BJP MP Subramanian Swamy has written a letter to the Prime Minister saying how a person appointed by the UPA government should be continued in the post.
In his address at a conference of state secretaries, Rajan stressed the need to strengthen state-level coordination committees by ensuring participation, conducting meetings more frequently and sharing quality information among all stakeholders, including state government agencies.
Former Banque de France head Jacques de Larosire was given the Lifetime Achievement Award for his lengthy struggle for monetary order, the magazine said in a statement on Monday.
Raghuram Rajan rejected the argument that inflation has come down largely because of "good luck" stemming from low oil prices.
Most economists feel the RBI has room for a 25-basis point cut, having met inflation targets comfortably
According to Subbarao, the pressure on the currency was inevitable.
'Raghuram Rajan's contribution to the country's economy is "exemplary" and he would always be remembered for his outstanding work.'
The government's critics say that the Prime Minister failed to rein in vicious and unprecedented personal attacks on the central bank chief by the likes of Rajya Sabha MP Subramanian Swamy.
Reserve Bank Governor Raghuram Rajan today criticised multilateral institutions like the IMF and the World Bank saying "they are not immune to cognitive capture".
The academic prize is sponsored by the Deutsche Bank Donation Fund and carries an endowment of euro 50,000.
"The court has framed charges under MCOCA against Rajan and he has pleaded innocence," said a Central Bureau of Investigation official.
Politicians from the Left and the Congress party in Kerala have rallied behind Malayalam superstar Mammootty, who is facing online harassment from certain right wing sympathisers in connection with his 2022 film, Puzhu.
The government and the RBI are working together to tackle the country's economic problems but there is no "magic wand" to fix them, said Raghuram Rajan, who will take over as central bank governor next month.
The RBI targets inflation at 6 percent by January 2016 and 4 percent for 2017/18.
Maharashtra recorded a voter turnout of 58.22 per cent till 5 pm on Wednesday in the elections to the 288-member state legislative assembly, with Gadchiroli district logging more than 69 per cent voting, poll officials said.
The framing of charges against Rajan paves the way for the trial, five years after the veteran investigative journalist was shot dead in suburban Powai in 2011.
Traditionally, Prime Minister picks the RBI Governor after consultation with the finance minister.
A top Finance Ministry source, however, said no discussion has taken place in the government so far on whether to extend Rajan's tenure or not.
The first signs of growing bonhomie between Modi and Rajan came early last year, when Modi called Rajan the "best teacher" for explaining complex economic issues to him.
Perhaps because the Modi government had some differences of opinion with two of the economist governors (one of whom was appointed by the Manmohan Singh government), there is a view that its political leadership prefers a civil servant to head the RBI, notes A K Bhattacharya.
Rajan's total 'monthly emoluments' stands at Rs 198,700
Anandan, also an investor in multiple start-ups, is slated to join venture fund Sequoia Capital.
Raghuram Rajan said the passage of the GST Bill augurs well for the growing political consensus for economic reforms.
'Rajan brought in a healthy air of competition in the banking sector.'
Additional Chief Secretary K P Bakshi told reporters at a hurriedly-called press conference that all the cases against 55-year old Rajan, who has been deported from Indonesia, are being transferred to CBI because of its expertise in "handling transnational crimes".
'There will be no serious effect on Indian economy because one person, one man, however powerful, however influential, however great, cannot have an impact on an economy as big and complex as India.'
The 55-year-old gangster was taken straight to the CBI headquarters where he was quizzed on Dawood Ibrahim, India's most-wanted terrorist.
Prime Minister Narendra Modi defended Mr Rajan, but it would be debated why he took so long to dub criticisms like those against the RBI governor as improper.
Security has been stepped up in and around Jail no 2 of Tihar prison where underworld don Chhota Rajan was lodged on Thursday after being remanded in a 14-day judicial custody.
