'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 first task before him is to get used to the idea of working with the Monetary Policy Committee
After facing a debacle in four states, Congress on Monday received some cheer in Mizoram, where it stormed back to power for a second consecutive term, capturing 22 of the 40 seats, while leading in four.
Raghuram Rajan said a six-member monetary policy committee will decide on interest rates.
The country must get its act on global alliances right in order to feed its fuel-hungry economy, points out Subhomoy Bhattacharjee.
There is a narrow chance that the central bank may cut rates in the future, according to a poll of 15 economists and treasurers.
The previous high GDP growth of 8.1 per cent was recorded in April-June quarter of 2016-17.
Profit taking in index heavweights RIL and HDFC weighed on sentiment while ICICI Bank surged 7%.
Interest rate sensitive stocks gain ground post decision
Balance is needed in selecting members for the proposed monetary policy committee, says Abheek Barua.
For existing investors, it may be prudent to redeem their current investments in gilt or dynamic schemes and invest it in short-term funds, if the exit load is not very high, advises Malhar Majumder.
TCS, Bajaj Auto, Adani Ports and Cipla were the top gainers on BSE Sensex while Coal India, GAIL, Dr Reddy's and Infosys lost the most on the index.
The monetary authority said it was worried on three fronts with regard to inflation as well as the economy.
Experts have started giving comments on provisions that the govt must make in Budget 2016-17.
A smartly executed reform-recap will be the best booster for the economy, says Ajay Chhibber.
In case the repo rate keeps trending downwards, borrowers can expect a downward revision of their MCLR-linked loans.
RBI is expected to discuss about the impact of GST in its monetary policy.
'Normally, the system is geared towards counting notes -- it is equipped to do x amount of work and one day you are asking them to do 20 x.' 'The processes involved are very complex.'
Will RBI chief have the final say, in the form of a veto
Rajan tells RBI colleagues he will be returning to academics
Raghuram Rajan speaks on the unscheduled rate cut.
Are we adopting an idea whose time has come and gone? My feeling is, yes, says ex-banker C Joseph Chacko in the fourth article of the series on inflation targeting.
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