The remarks came amid reports of mounting tension between the finance ministry and the RBI over the autonomy of monetary policy makers.
Progress on the steps taken by Governor Shaktikanta Das' predecessor Urjit Patel to restore financial system integrity will be a key thing to assess any damage to the institution, Subramanian said.
The RBI is expected to cut rates in next policy.
The big test will come at the end of March when the fiscal year ends and banks tend to hold on to cash.
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Indian companies are keenly waiting for reforms on rules related to land acquisition, labour, coal and power sector, and foreign direct investment in insurance sector.
The deadline for officers to decide on their career path in the biggest organisational rejig in the central bank's 85-year history ends on January 31. The immediate fallout could be its disruptive impact on the supervisory process for 2020 -- and beyond -- given the manpower shortfall, even as more entities are set to come under closer central bank scrutiny.
Reddy has worked to reform the economy.
The eight-member committee under Sinha will also examine the factors affecting the timely and adequate availability of finance to the sector.
Prime Minister Narendra Modi on Monday reviewed the situation and favoured pushing ahead with the reforms agenda and taking more steps to strengthen the economy.
Data for more than 100 countries over 47 years shows little sign that currency appreciation causes a dent in inflation levels.
The unions are opposing the government's move to take away the public debt management from the Reserve Bank and curtail its powers on the monetary policy.
DBS called Rajan's decision not to seek an extension as a 'negative surprise'.
A cut in rates would have encouraged the banks to lend aggressively on the retail front.
The government-appointed Financial Sector Legislative Reforms Commission (FSLRC) has recommended a slew of reforms to overhaul the sector.
RBI had on February 12, 2018 issued a circular saying that lenders have to provide for resolution plan within 180 days in case of large account of Rs 2,000 crore and above.
The Centre is pushing for bilateral trade with Cuba and its settlement in rupee as a part of its strategy to internationalise the domestic currency. A delegation from Cuba, including officials from its central bank, met Indian government officials and banks last month to discuss bilateral trade and settlement using the Reserve Bank of India's (RBI's) payment mechanism in rupee, said people aware of the matter. Since the Cuban nation has opened up its economy and is looking to implement reforms to attract investments from India, Cuban banks have evinced interest in opening special rupee vostro accounts (SRVAs) with Indian banks.
The focus shall also be on consolidation of public debt and reducing rollover risk through active switch/buyback operations.
Will Arundhati Bhattacharya be the RBI's first woman governor? Or will Urjit Patel succeed Raghuram Rajanas RBI governor when his term ends on September 4?
Next bi-monthly policy statement on September 30.
The Indian government will present the annual budget for 2016-17 on February 29.
More steps are necessary to accelerate speed.
Finance Minister expects rate cut by RBI.
Gopalakrishnan expressed happiness that many reforms bills are being passed in Parliament which is a good sign for democracy.
Discussion paper fixes Rs 1,000 cr as minimum capital for these specialised banks
Arun Jaitley opted for a fiscal deficit of 3.9% in 2015-16.
False and acrimonious debates such as Modi versus Manmohan might allow for victories that are political and partisan. But the real loser is the nation, India and Bharat, notes Arvind Subramanian, former chief economic advisor to the Modi government in its first term.
Despite its admirable competence and proven track record, the RBI doesn't have the capacity to supervise an economy that's growing so fast and becoming larger by the year, points out T C A Srinivasa Raghavan.
He was responding to a question on economic reforms in the country.
The Reserve Bank of India is likely to cut policy rates by 0.25 per cent and keep the cash reserve ratio unchanged at its policy review next week, on the back of slower-than-expected growth and more encouraging inflation readings, says a report by HSBC.
The fuel reforms are a very important signal of the government's commitment to tough economic reforms.
The six-member monetary policy committee voted 5:1 for the decision, with only Ravindra Dholakia voting for a 0.25 per cent reduction in rates.
From inflation, central bank shifts focus to rupee stability and capital flows.
The interim dividend will help Narendra Modi-led government partly bridge the deficit its budget had developed after the announcement of a Rs 75,000 crore a year cash dole scheme for small farmers.
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Food and fuel inflation in India have remained high for several years, the paper said, adding to durably reduce the current high inflation, the monetary policy stance needs to remain tight for a considerable length of time.
A Reuters poll showed only one out of 51 economists had expected a 50 basis points rate cut.
Most central banks across the world have around 5-7 years of tenure for the governor and deputy governors.
Here is some background on the candidates seen as potential successors to Rajan at the RBI
The Reserve Bank of India is in favour of a cautious and gradual approach to financial sector reforms rather than a big-bang approach, as advocated by the Percy Mistry Committee report on making Mumbai an international financial centre.
That's all it takes to protect an institution -- just one person with no past and no greed for the future, says Shekhar Gupta.
Onno Ruhl said it is imperative to have a favourable global environment in addition to the domestic advantages.
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