He cautioned however that these are the early signs and one should not start celebrating.
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.
RBI to ensure loans rate fall
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 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.
Raghuram Rajan says he's not beholden to the Finance Ministry nor does he go around with the fear of being fired.
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.
The new government will face four big challenges -- subdued growth, the fiscal and current account deficits and sticky inflation, RBI Governor Raghuram Rajan said.
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 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.
Rajan rules out picking unconventional tools to tame inflation
Retail inflation was at a 25-month low of 8.1 per cent in February.
Nivin Pauly is very proud of his latest release, Malayalee From India.
The Badlapur school, where two young girls were allegedly sexually abused, preferred to cover up the crime instead of helping their parents file a police complaint, said Susieben Shah, chairperson of Maharashtra State Commission for Protection of Child Rights, on Wednesday.
'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.
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.
Many exit polls have kept the incumbent Bharatiya Janata party ahead of the Congress in what was a straight contest between two main parties. Assembly polls were held in the state in a single phase on November 17.
Second authentication for small value payments through credit cards can be reduced subject to conditions.
Their research paper on aid by rich nations got leaked
Swamy had also claimed that Rajan was "mentally not fully Indian" and alleged that he has "wilfully" wrecked the economy
Experts applaud RBI governor RAghuram Rajan for his good work.
RBI governor also spoke on the ill effects of cutting interest rates too much
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.
Illicit liquor, narcotic drugs, cash, precious metals, gold, silver, jewellery and other materials worth about Rs 339.95 crore have been seized by the joint team of Flying Surveillance Team (FST), Static Surveillance Team (SST) and police, he said.
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.
The government is likely to name a successor to Rajan sometime this month
Days ahead of the Budget, Reserve Bank Governor Raghuram Rajan on Wednesday pitched for increasing the tax exemption limit on financial investments by individuals from Rs 1.5 lakh a year.
The progress we made in recent past should not detract us from making further structural reforms: Rajan
RBI governor advises students to not take advantage of economic freedom
Rollback of July tightening measures indicates comfort on currency but a repo rate hike is around the corner.
The appointment of Rajan, a former chief economist of the International Monetary Fund and now a professor of finance at University of Chicago, comes at a time when India, like most of the world economies, is grappling with the impact of the global credit crisis.
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.
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Rajan, the academic-turned-central banker who is credited with predicting the global financial crisis, said that voicing of views will have positive effects.
Rajan posed the question while speaking at the annual leadership conference in Mumbai National Association of Software and Services Companies.
According to Bali police sources, decks have been cleared for his return, but volcanic eruption at Mount Rinjani led to cancellation of all flights.
It's time the regulator did some introspection.
