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A rule change may make Nachiket Mor, among others, eligible to replace Chakrabarty.
Not only were Urjit and Rajan outsiders, they also hired laterally, bypassing the existing talent, especially in the field of economics
The interest money which is not claimed by people due to religious obligations is kept in suspended bank accounts.
Urjit Patel said said the process of remonetisation was on and estimation of costs was a complex exercise.
investors will look to the new governor to continue the banking sector clean-up with the same urgency as Mr Rajan, who was targeting fully cleaned-up and provisioned balance sheets by March 2017
CPI inflation will remain below the target of 6 per cent set for January 2016.
The recent weakness of the rupee has been due to yuan's devaluation.
Bibek Debroy raised seven questions about the new institution.
Based on this screening, the committee may weed out applications that do not meet the eligibility yardstick or the 'fit and proper' criteria for securing a licence.
Says GDP growth rate from 2014-15 to 2015-16 will be greater than that of 2014-15 from 2013-14
He will be the first bureaucrat to head the central bank in almost five years.
To cut interest rates, the central bank head has to open up a debate on inflation target revision.
Raghuram Rajan has appointed him as head of several committees soon after taking charge.
The candidate will be expected to have at least two to three years of remaining service.
While the US is definitely recovering, Europe, Japan and, now, China are all going through another wave of what some fear could be a multi-year slowdown.
Arun Jaitley had a tough fiscal hill to climb.
DEA officials to push for this at a meeting with FM Jaitley.
An action on the rate front is unlikely to figure in Rajan's plan for the moment.
The Reserve Bank on Friday said the economy would grow by 5 to 5.5 per cent in the current fiscal, pinning its hopes on good farm output and improved exports.
Economists and investors want RBI to retain independence in setting rates
Barry Eichengreen, professor of economics and political science, University of California, Berkeley, analyzes the transparency of the Reserve Bank of India, the growth rate of the Indian economy and why he feels globalisation can never be rolled back.
India is Asia's other bad debt headache.
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Reliance, Birla Group, Airtel eye small finance banks.
Shaktikanta Das is a master of the finest balancing act who listens to all but takes his own decisions, discovers Tamal Bandyopadhyay.
'This is not Ahmedabad Gymkhana but people's house'
he reason behind the cut in policy rate seems to be a slowing economy
The recent revelations come six years after another round of tapes stole the limelight.
Apparently targeting the BJP for the recent panic buying of salt in the state, Bihar Chief Minister Nitish Kumar claimed that those who offered milk to Lord Ganesha were testing the effectiveness of their rumour mills.
Experts have started giving comments on provisions that the govt must make in Budget 2016-17.
RBI also retained its GDP growth forecast at 7.6 per cent
RBI has already come out with a discussion paper on banking sector in India, on which the regulator has invited comments from stakeholders.
A group of high-powered individuals led by Anand Mahindra have come together to set up Krea university. The campus is expected to be ready by 2019 and the first batch of 100 to 125 students will commence classes in August next year.
With the 50 bps rate cut now more banks are expected to reduce their base rate.
DFS writes to departments that haven't responded to RBI's request for information.
P Chidambaram said that the fiscal deficit target for 2013-14 will be met and the current account deficit will be contained below $40 billion.
The MPC states that the 4 external members will have a tenure of four years each.
This time the all-powerful interest-rate setting panel, whose constitution was notified by the government on Thursday, will take call on interest rate. But that's not the only change. The Reserve Bank of India has also decided to change the timing of announcement of its policy review, due next Tuesday, to mid-afternoon.
Governments that do not respect central banks' independence will sooner or later incur the wrath of the financial markets, ignite economic fires, and come to rue the day they undermined an important regulatory institution; their wiser counterparts who invest in central bank independence will enjoy lower costs of borrowing, the love of international investors, and longer life spans, said Acharya, who will return to the New York University's Stern Business School in August.
The S&P BSE Sensex shed 119 points to close at 27,977 and the Nifty50 dropped 45 points to finish at 8,591.
It is the six per cent target RBI is more concerned about.
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