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The truth is the government and the Reserve Bank enjoy a free, frank and cordial relationship.
Jaitley slams Rajan for MSME banking crisis statement, says postmortem is easier than action
The EC is yet to decide on RBI's request to grant new licences during the election season.
Foreign brokerage HSBC said emergence of pleasing data and the likelihood of RBI holding its key rate on April 1, should not lead to believing that the rate tightening cycle is over.
The RBI is expected to issue only a few bank licences after completing due diligence.
Rajan also said the RBI had reduced the current account deficit "substantially".
Raghuram Rajan said the passage of the GST Bill augurs well for the growing political consensus for economic reforms.
People who advocate a rate hike because inflation is very high, even without the food component, have in mind some developed-economy structure, Raghuram Rajan tells Business Standard in an exclusive interview.
Subramanian Swamy has been critical of Rajan for not lowering interest rates earlier to boost growth.
Rajan was expected to join the search committee to appoint three external members of a new six-member RBI Monetary Policy Committee
Media has gone beyond its traditional boundaries.
NITI Aayog's Rajiv Kumar accused former prime minister Manmohan Singh and senior Congress leader P Chidambaram of creating a 'false narrative'
Benchmark indices end at a three week high but Nifty remains shy of 5,600 level.
Finance Minister P Chidambaram held informal consultations on Wednesday on possible candidates for the Reserve Bank deputy governor's post.
"I think bankers have expressed some concern that they should not be held liable for actions that are taken in the full spirit of what is needed," Raghuram Rajan said.
RBI Governor Rajan on Wednesday said significant progress made in curbing current account deficit.
'Democracy is India's greatest strength.'
RBI Governor Raghuram Rajan on Tuesday said the government will decide on extension of his tenure.
Mr Swamy has written letters to the Prime Minister's Office asking for Mr Rajan's services to be terminated.
Rajan expressed concerns on pressures on the services front.
Shaktikanta Das will demit the office on Tuesday after completing six years as the 25th Governor of the Reserve Bank of India. Revenue Secretary Sanjay Malhotra will replace him as the 26th Governor. He was appointed as the Governor on December 12, 2018, after the abrupt exit of Urjit Patel.
The International Monetary Fund chief economist-designate Raghuram Rajan feels big deficits -- whether India's fiscal deficit or the United States' current account deficit -- are not sustainable in the long term.
The Reserve Bank of India had taken steps to tighten liquidity in a bid to curb volatility in the forex market after the rupee fell to a record low of 61.21 to the dollar on July 8.
Rajan said the central bank has used up all its "space available" to cut interest rates
RBI Governor Raghuram Rajan plans to write on 'academic issues' after leaving the Reserve Bank.
Rajan said that demand needs to be reduced without having severe effects on investment and supply.
The RBI kept its key policy repo rate unchanged at 8.0 percent in its recent monetary policy.
India Inc on Wednesday said it looked forward to the new RBI Governor Raghuram Rajan initiating cut in interest rates and improving credit flow to crucial sectors like infrastructure to put economy back on high-growth path.
In 2013, India suffered its worst currency crisis in more than two decades but has regained the confidence of foreign investors in part after its current account deficit has narrowed sharply and its foreign exchange reserves hit a record high
Amid concerns over minorities being targeted in India, former Reserve Bank governor Raghuram Rajan on Thursday cautioned that an 'anti-minority' image for the country can lead to loss of market for Indian products and may also result in foreign governments perceiving the nation as an unreliable partner. India enters the perception battle from a position of strength, the professor at Chicago's Booth School of Business said, alluding to credentials like democracy and secularism, but warned that this battle is "ours to lose". The comments came a day after bulldozers tore down several concrete and temporary structures close to a mosque in Jahangirpuri as part of an anti-encroachment drive, days after the northwest Delhi neighbourhood was rocked by communal violence.
Former Finance Minister P Chidambaram had said he was "disappointed and profoundly saddened" by Rajan's decision.
'I think the markets will move up given that there will be more money.'
The future action on rate change will depend on data said the RBI Chief.
RBI Governor Raghuram Rajan on Tuesday kept the repo rate unchanged 6.50 per cent.
Officials, however, said one person's thinking might not change the views of the institution.
"I'm taking a minute to respond... I do respect Raghuram Rajan as a great scholar who chose to be in the central bank in India at a time when the Indian economy was all buoyant," Sitharaman said during the lecture organised by the Deepak and Neera Raj Centre on Indian Economic Policies of the Columbia University.
Rajan's colleague in the ministry, Economic Affairs Secretary Arvind Mayaram, also expressed hope on Thursday that the central bank would vote for growth.
Bharatiya Janata Party leader Subramanian Swamy on Sunday once again attacked Raghuram Rajan on the monetary policy, over a month after Prime Minister Narendra Modi had disapproved of his criticism of the Reserve Bank of India chief.
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.
He called on developed countries to play their part in restoring international monetary cooperation.
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