'India's biggest loss is that we will not have anyone as principled and as courageous as Rajan.'
Central bank Governor Raghuram Rajan drew kudos from Moody's Analytics for his monetary stance.
RBI wants the lending rates to be determined by the market.
Governor Raghuram Rajan has asked his colleagues to ensure that the central bank is not seen as mere "paper tiger" and even rich and powerful wrong-doers are not spared.
The special Maharashtra Control of Organised Crime Act court on Thursday rejected the bail application of Paulson Joseph, an alleged Chota Rajan aide, arrested in connection with the murder of senior journalist Jyotirmoy Dey.
RBI Governor Raghuram Rajan on Friday said repo rate has been hiked as inflation pressures remain high.
After two rate hikes in less than six weeks aimed at curbing inflation, RBI Governor Raghuam Rajan on Wednesday said the central bank may be done with interest rate increases as their impact on the economy is assessed.
The central bank and Indian government has reached a "broad consensus" on the composition of a rate-setting panel.
India's macroeconomic indicators are improving and inflation has been coming down consistent with the central bank's forecast, but Asia's third-largest economy needs investment growth to pick up, he added.
Rajan, who will be a key member of Finance Minister P Chidambaram's team, was also honorary economic adviser to Prime Minister Manmohan Singh.
RBI governor Raghuram Rajan says a cut in cash reserve ration will not at all impact lending rates.
The meeting, which comes just days before the next bi-monthly monetary policy review on June 3, lasted for about 50 minutes.
The Governor, who completes one year in RBI on Wednesday, has stabilised the rupee and is getting a fix on inflation.
Minutes after the Union Cabinet approved raising the cap on subsidised liquefied petroleum gas (LPG) cylinders from nine to 12 per connection in a year, Reserve Bank of India (RBI) Governor Raghuram Rajan questioned the decision, suggesting it was "misdirected subsidy".
Terming Rajan as "India's prescient banker," Time said he is among a rare breed of "economic seers".
Rajan Bharti Mittal, vice-chairman and managing director of Bharti Enterprises took over as president of Federation of Indian Chambers of Commerce and Industry (FICCI) at the conclusion of its 82nd annual general meeting (AGM).
While the rest of India marches towards the promised destiny of 'progress', Bihar - the heart of India- is doomed to poverty and the injustices of a caste-based society.
Jaitley has made it a habit of giving soundbytes to the media like his predecessors on why RBI should cut interest rates
RBI itself is part of the multi-agency group announced by the Indian government to monitor such holdings and take appropriate action.
India on Tuesday said it does not anticipate any problem in bringing back Chhota Rajan from Indonesia as he was arrested on a Red Corner Notice issued by Interpol.
Rajan strongly defends RBI's decision to hold the key rates in the absence of any new data points.
Indian startups are expected to raise $8-12 billion this year, a top official of venture capital firm Peak XV said on Monday, highlighting that the country's startup ecosystem is the most vibrant in the world. Speaking at StartUp Mahakumbh, Peak XV managing director Rajan Anandan said around $20 billion of private capital is lying uninvested and is committed for investment in private firms and startups in India.
Reserve Bank Governor Raghuram Rajan expressed confidence in India's growth and said the country is on target to meet Jan inflation target of below 6%.
A two-year extension at the helm of the RBI still looks a real possibility
Rajan said the relationship between the RBI and the government has been strong.
RBI aiming to bring down headline number to 8% by end of this year and to 6% by the end of next year.
Kerala Chief Minister Pinarayi Vijayan on Thursday said the rescue mission in the landslide-hit Mundakkai region of Wayanad could take a few more days, and appointed a cabinet sub-committee of four ministers to coordinate the rescue efforts.
Though the IMF wanted him to continue, his university said it won't extend Rajan's leave.
The RPI-A is an ally of the Bharatiya Janata Party.
'Industrial countries are still struggling, with a few exceptions, to grow and the uncertainty about growth in the US as well the world is probably what impelled the Fed to stay on hold.'
Concerned over banks hiding their actual NPA numbers, RBI Governor Raghuram Rajan on Tuesday said the central bank is "increasingly turning towards taking action" on such divergences.
New Delhi was reluctant to spook investors by clipping the bank's wings
Describing the BJP's election victory as an "astonishing triumph of Narendra Modi", noted economist Jagdish Bhagwati on Monday advised him to retain Raghuram Rajan as RBI Governor and to hold monthly press conferences to articulate the government's agenda.
The forex kitty swelled for the fifth week in a row during the week ended December 6 to $295.71 billion, adding $4.41 billion. Between August 30 and December 6, the reserves have increased by close to $17 billion.
A number of industrial countries are now resorting to populism and this has its own set of political implications.
Rajan was speaking at a news conference.
'The Chinese devalued the yuan initially but then stopped'.
A few market and economic indicators have begun looking up, thanks to what many term the 'Rajan effect'.
Market participants are impressed that Rajan has set the ball rolling on his first day at RBI with a series of announcements, raising expectations that more are in store.
The rupee has gained 1.89 percent against the dollar in the month to date and 2.93 percent in the past six months.
