'There are deeper, underlying, forces at work and we need institutional arrangements to guard against them.'
Delivering the key mote address at the Citi's Investor Summit, Jaitley hoped that as a professional organisation the Reserve Bank will take 'the best decision'.
The resignation is sure to create more political firestorms for the government as it comes on the eve of the winter session of Parliament where the Opposition has already made it clear to the treasury benches that infringing on the RBI autonomy would be a big talking point for them.
Central banking is a science, not an art, Tamal Bandyopadhyay tells RBI Governor Shaktikanta Das.
On day 1, says retrospective taxation should be avoided; Sets up special investigation team to unearth black money.
Amid demands for special category status by Bihar, the Centre on Wednesday set up an expert committee to evolve a composite index to measure backwardness of states.
Issuance of new bank licences proves that the apex bank wants the financial sector to flourish.
Lending rates in certain segments may be increased; fixed depositors may lock into existing rates.
Also keenly watching inflation numbers, with wholesale inflation data expected today
Managing Brexit, inflation and banking reforms, along with the political environment, will be tough.
'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.'
'The PCA framework was revised and tightened in April 2017, but there was no discussion in any board meeting. The government does not know the rationale behind revising the framework and how the RBI arrived at it. Similarly, there was no discussion in the board meeting on the revised NPA framework,' said an official.
'Mr Modi would compliment a Nobel Prize winner, but members of his party or the government would not be restrained from either making unfair comments or criticising him for having offered advice to an Opposition political party,' says A K Bhattacharya.
The incidence of corruption cases can be checked to a large extent if the suggestions already available with RBI and the government are taken seriously, says Shyamal Majumdar.
Budget was a mild disappointment. Yet, the bull run continues.
The FM could scrap the secrecy around tax rates.
The second half of June could be driven more or less by technical factors triggered by news flow from Greece, the US Federal Reserve and the monsoon. The technical picture seems bearish as of now, says Devangshu Datta.
After a 25-year stint at ICICI Bank, Mor suddenly quit as he wanted to add more value in the bigger areas of health care and financial inclusion.
For the first time, PSU banks will have a non-executive chairman, giving operational responsibility to managing director and chief executive officer.
The panel was set up to suggest ways to reform India's monetary policy.
Chidambaram promises to maintain fiscal discipline; admits inflation is an issue.
Says licensing of new banks should be a continuous process instead of the current stop-go system
The Reserve Bank of India is not a free agent. It never has been, nor should it ever be.
A government can't just take away public money, and the RBI can't extinguish its liability. 'The RBI has to honour the value any time a person with legal and taxed money lays claim on the value.'
The Biju Janata Dal will not oppose the government simply for the sake of opposing it, BJD Member of Parliament Bhratruhari Mahtab tells Aditi Phadnis.
RBI must balance the need for improving domestic bank credit demand and respond to lower inflation.
The 30-share Sensex jumped 729 points to end at 28,076 and the 50-share Nifty soared 217 points to end at 8,494.
Traders are waiting for the earnings season to kick off.
A senior official with Muthoot Finance said the group would also want to apply for a universal licence.
'We first need to acknowledge the truth.' 'We are trying to diminish the problem and say, everything is okay and green shoots are emerging.' 'Imagine you are a doctor and not getting accurate medical reports, how do you diagnose and treat the illness?' 'We are not dealing with a terminal illness here, we are dealing with BP and cholesterol, which are imminently curable.'
The size of the hole in today's banking crisis appears to be roughly 10 per cent of GDP.
The new series claims GDP grew at seven per cent between April and June 2015, while gross value added (GVA) grew at 7.1 per cent.
A brief report card on Modi's ministers.
James Wilson tracks down discrepancies in the much-hailed demonetisation policy and the subsequent statements of the government and the Reserve Bank of India.
'There is no difference between the earlier government and the present government.' 'They are all following the economic policy based on the Chicago School of thought.' 'This school of thought says the government should have very little role in governing the country and the majority of the work should be handed over to the private sector.' 'This has not succeeded in the US.' 'Yet, it is being tried here by people like Arvind Subramaniam, Arvind Panagariya, Urjit Patel and Raghuram Rajan.'
The finance minister is "reasonably confident" that when it comes to the crunch, "it would be extremely difficult even for the Congress party to take a contrarian view" on the GST Bill.
'I want the prime minister to be punished because he put our country in difficulties as he took this decision without Cabinet approval.' 'When he had already ordered the printing of new currency notes on May 19, 2016, why did he tell lies to the country?'
Finance minister Arun Jaitley has delivered a Arun Jaitley delivered a bold, far sighted budget
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The ball is now in the Reserve Bank of India's court to lift up demand, says Ajay S Shriram.
A Bank Investment Company to act as a holding company for state-owned banks would go a long way in minimising government interference and improving governance.
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