'Rajan's exit will have a great impact on the economy.'
Rajan has shifted from the conventional ground floor room occupied by CEAs to a room on the first floor, adjacent to Chidambaram's office.
Union Minister Nirmala Sitharaman was on Monday critical of RBI Governor Raghuram Rajan's description of Indian economy as the "one-eyed king in the land of the blind", saying better words should have been used.
The court will on Tuesday hear arguments on the quantum of sentence to be awarded to the convicts.
Rajan tells RBI colleagues he will be returning to academics
RBI Governor Raghuram Rajan said that consolidated fiscal deficit of the Centre and states rose to 7.2 per cent in 2015 from 7 per cent in the previous year.
The country has a long way to go before it claims to have arrived, he said.
Rajan is lodged in Tihar Jail in New Delhi. The other three persons, who were out on bail, were taken into custody on Monday after the verdict was announced.
Gangster Chhota Rajan, prime accused in the journalist J Dey murder case, thought that the veteran crime reporter was working for his rival Dawood Ibrahim and Pakistan's spi agency Inter-Services Intelligence, according to the chargesheet filed by the Central Bureau of Investigation.
He said the short term macroeconomic priorities of the RBI continue to focus on bringing down inflation towards the government-set target of 4 per cent
Rajan has set March 2017 as the deadline for banks to clean up their balance sheets.
Maharashtra Chief Minister Devendra Fadnavis on Tuesday said that underworld don Chhota Rajan, who was nabbed at Bali airport on his arrival from Australia last month, will be brought to Mumbai.
Also says PSU banks divestment to be considered after improvement in governance
Raghuram Rajan's exit reminds Syed Firdaus Ashraf of Kafka's The Trial.
Bharti Airtel on Monday reported a 168 per cent year-on-year rise in consolidated net profit to Rs 3,593 crore for the September quarter, and the company unveiled top-level changes, including Gopal Vittal moving into the role of executive vice chairman on January 1, 2026. India's second-largest telco - that competes with Reliance Jio and Vodafone Idea in the Indian telecom market - clocked quarterly revenues of Rs 41,473 crore, 12 per cent higher than the year-ago period, aided by strong momentum in India and growth in Africa.
"I don't think this administrative subject should be an issue of interest to the media," Modi said.
After his decision to return back to academia, there have been voices suggesting that his candid public speeches were one of the aspects which made the government uncomfortable about reappointing Rajan for another term
In 2013, India suffered its worst currency crisis in more than two decades but has regained the confidence of foreign investors in part after its current account deficit has narrowed sharply and its foreign exchange reserves hit a record high
Inflation is a big concern for India, says RBI chief Raghuram Rajan.
Rajan said it is hard to offer an objective self-assessment but the RBI should probably have raised more flags about the quality of lending in the early days of banking exuberance.
On the controversy surrounding the GDP numbers based on new calculations, he said statisticians have done as good a job as they can and economic growth is significantly high as costs have come down
Former RBI governor Raghuram Rajan, who faced a stinging attack from Finance Minister Nirmala Sitharaman for presiding over the "worst phase" of the Indian banking sector, on Thursday reminded her that two-third of his tenure as the head of the central bank was under the Bharatiya Janata Party government.
The Reserve Bank has reduced interest rate by 150 bps since January 2015.
Rajan said there will be some volatility, but once the initial bout or wave abates, people will look for good fundamentals
Raghuram Rajan, whose current three-year tenure ends on September 4, has already said no to a second term.
Reserve Bank Governor Raghuram Rajan on Friday said the recent rally in the rupee is comforting but said the currency has not yet achieved stability which will only be reached when he stops keeping a "minute-by-minute" track of the unit.
Rajan would slow down some of the expansion of money and it ought to have little effect on the real economy.
Rajan said too many infra projects do not have forex earnings thus are unable to pay in dollars or yen
'The 'Off-with-Rajan's-head' brigade bases its arguments on mistaken beliefs, erroneous causalities, and even downright prejudice.'
Former Finance Minister P Chidambaram had said he was "disappointed and profoundly saddened" by Rajan's decision.
Seeking to guard investor returns from excessive exchange rate movements, RBI Governor Raghuram Rajan on Thursday said a move towards an inflation target of 4 per cent will help contain the currency market volatility.
The Tamil Nadu government will constitute an 'economic advisory council' to the chief minister comprising Nobel laureates, former Reserve Bank of India governor and other economic experts from around the globe to advise the state on how to reverse the economic slowdown.
There is also a lobby within the bureaucracy that wants to see Rajan's influence curtailed
Rajan, Swamy alleged, is a member of US dominated Group of 30.
RBI ex-governor's book on 'those turbulent but exciting times' to be launched on Sept 5 in Chennai.
In an explosive claim, arrested underworld don Chhota Rajan on Tuesday alleged that some officials in the Mumbai police are working with India's most wanted terrorist Dawood Ibrahim.
RBI Governor Raghuram Rajan is regarded as credible by global financiers.
We require a very pivotal kind of leadership now from the central bank in order to work with the government
Former RBI Governor Subbarao blamed Chidambaram for undermining the autonomy of RBI and putting pressure on him to cut interest rates.
A fortnight after senior crime journalist Jyotirmoy Dey was shot dead, Mumbai police on Monday cracked the case claiming that underworld don Chhota Rajan was behind the murder, even as they remained tight-lipped about the motive.
