India imposes restrictions on how much money its citizens and companies can invest abroad
RBI governor Raghuram Rajan is clear about cleaning up the mess in the banking system.
Rajan said that demand needs to be reduced without having severe effects on investment and supply.
New RBI Governor Raghuram Rajan on Wednesday came out with a slew of measures, including more trade settlement in rupees to rescue the battered financial markets and hinted at a shift in focus from inflation control, doggedly pursued by his predecessor, to boosting growth.
Fugitive gangster and drug smuggler Santosh Shetty has been arrested in Bangkok by the Thailand police. Mumbai crime branch officials took him into custody on Thursday.
The aim of his visit was to explore how financial institutions can be co-opted in reviving the local economy.
In a relief to former Mumbai police officer Pradeep Sharma, the Supreme Court on Monday said he need not surrender till further orders to undergo the life term awarded to him in a 2006 fake encounter case.
Raghuram Rajan said on Friday it is not clear India needs a so-called "bad bank.
rediffGURU Krishna Kumar offers expert advice on how you can polish your skills and perform better at work.
The Reserve Bank of India Governor Raghuram Rajan said bringing down inflation would help stabilise the rupee.
'The CoA feels that if David has declared and is not taking remuneration from India Cements, he is not in conflict'
The Governor had submitted his report to the Public Accounts Committee and put the blame on 'overall economic downturn'
Reserve Bank of India (RBI) Governor Raghuram Rajan has set himself a target of lowering consumer inflation and is even ready to raise rates to achieve it, risking friction with the new government, if he is seen as overstepping.
He also affirmed that over time, as the government finances improve, the SLR will be brought down further.
Rajan will be closely working with the RBI governor and the four deputy governors to gain familiarity with the central bank's stance on various issues.
Chhota Rajan, one of India's most wanted gangster, has been arrested in the tourist town of Bali, Indonesia on a Red Corner Notice issued by Interpol after eluding law enforcement agencies for over two decades.
The Congress on Friday claimed that that "vitriolic tirade" against RBI Governor Raghuram Rajan by Subramanian Swamy has the "full backing" of NDA government and Bharatiya Janata Party.
Rajan said that despite easy liquidity, banks have passed rate cuts into lending rates modestly.
With the setting of MPC, the interest rate setting powers would move from RBI Governor to the panel.
Of the eight RBI governors who have held office since the 1991 economic liberalisation, Bimal Jalan had the longest stint and S Venkitaramanan, the shortest. Current Governor Shaktikanta Das will overtake Bimal Jalan before completing his second term in December, points out Tamal Bandyopadhyay.
To help cut down on current account deficit.
Applauding Facebook co-founder Mark Zuckerberg for the reported pledge to give majority of his wealth to philanthropy, well known Hindu statesman Rajan Zed has called upon India's billionaires/millionaires to make similar pledges.
India is gearing up to introduce a six-member monetary policy committee that would vote on interest rates.
'Cricket is like a circle, the smaller you keep it, the better it will be. You expand this circle more and you will find gaps.'
Reserve Bank Governor Raghuram Rajan on Thursday said the central bank will continue its focus on taming inflation, speeding up resolution of distressed projects and ensuring enough capital for banks through balance sheet clean-up.
'Democracy is India's greatest strength.'
India has been assigned the lowest investment grade rating with a high risk profile by various global agencies.
He also made it clear that the pre-2005 notes will continue to be legal tender.
Jaitley said manufacturing sector will continue to face challenges unless it transitions itself while keeping the quality and price in mind.
'With passage of time, Kamal did move away from the humdrum of commercial cinema, using it only as a peg to launch a new concept or new technology, as no other actor/film-maker has done in Indian cinema.' N Sathiya Moorthy assesses the career and politics of movie legend Kamal Haasan on his 70th brthday.
Governor also says two-stage verification for card transactions might go; RBI in process of setting up IT arm
'We will supply dollars in case of extreme volatility.'
Some accounts can be revived by rescheduling loans, which the RBI envisages to do once the norms get finalised after the public discussion.
He has had a productive first year at the RBI -- one which saw, also, India's economic imbalances improve and the unexpectedly strong general election outcome.
Rajan said banks have typically become used to reasonably slow moving base rate which gives them time to adjust the deposit cost before they adjust lending.
The Governor of the Reserve Bank of India may need all the suave charm of the fictional British spy to sell that same hard-nosed agenda to a powerful new prime minister.
Raghuram Rajan, Governor of the Reserve Bank of India, has scoffed at the contention that BJP's Prime Ministerial nominee, Gujarat Chief Minister Narendra Modi will be the knight in shining armour who will root out corruption in India.
In cutting interest rates and giving a boost to the government's efforts to revive growth, RBI governor Raghuram Rajan displayed the pragmatism and flexibility familiar to those who work with him.
Indian capital markets joined the global sell-off sparked by China growth concerns
RBI is expected to discuss about the impact of GST in its monetary policy.
