Rate cuts are a natural consequence that the RBI has no hesitancy in delivering.
IMF chief said the G20 leaders need to respond to the calls for creating jobs.
RBI governor Raghuram Rajan says a cut in cash reserve ration will not at all impact lending rates.
India has been assigned the lowest investment grade rating with a high risk profile by various global agencies.
Rajan has a great track record abroad.
Rajan is an acknowledged academic, author and intellectual. He spoke on issues which are in the public domain, said Chidambaram
Head of state-run Indian Bank T M Bhasin had called for a CRR cut.
Experts applaud RBI governor RAghuram Rajan for his good work.
Over the last two weeks, the RBI has lifted short-term rates to help support the currency
Reserve Bank Governor Raghuram Rajan expressed confidence in India's growth and said the country is on target to meet Jan inflation target of below 6%.
Rajan said in order to export, one needs to be able to import things that go into those exports as cheaply as it can.
According to the global financial services major, FIIs have recouped around 25 per cent of the outflows seen over the June-August period, when the country witnessed its sharpest bout of FII outflows since the global financial crisis.
He doesn't expect banks to raise interest rates, as they'd not reduced these after the policy rate cuts in May and March.
Two members recommended bringing down the rate by 50 bps in the April policy.
The mismatch between industrialists' demand and account holders is because of inflation, Rajan said.
RBI to ensure loans rate fall
Sources said Rajan will make the customary call on the Finance Minister on Monday, a day before he presents the policy.
The Tamil Nadu government will constitute an 'economic advisory council' to the chief minister comprising Nobel laureates, former Reserve Bank of India governor and other economic experts from around the globe to advise the state on how to reverse the economic slowdown.
He was responding to a question on economic reforms in the country.
RBI governor advises students to not take advantage of economic freedom
Flagging the issue of lack of enough economists in the country, Reserve Bank India (RBI) Governor Raghuram Rajan has said the inability to get quality talent may be hurting policy making.
P Chidambaram on Saturday wondered whether the Modi government "deserves" Raghuram Rajan
Rajan also said weak results from India's corporate suggested final demand is yet to pick up strongly.
While Raghuram Rajan's departure under these circumstances is a pity, it would be wrong to conclude that the RBI or the economy cannot do without him.
The solution to this problem lies only in making the system more efficient, he said.
The government's critics say that the Prime Minister failed to rein in vicious and unprecedented personal attacks on the central bank chief by the likes of Rajya Sabha MP Subramanian Swamy.
"Finance Ministry and RBI keep talking all the time," Rajan said.
Rupee, he said, is not in shambles and "we should not be overtly pessimistic".
"I don't think this administrative subject should be an issue of interest to the media," Modi said.
Indian economy, dubbed the fastest growing major economy in the world, is faced with the single most important pressure point of job creation, says former RBI Governor Raghuram G Ranjan as he makes a strong case for improvement of human capital through skill development. Talking about the book 'Breaking the mould: Reimagining India's economic future', written jointly by him and Rohit Lamba, assistant professor of economics at Pennsylvania State University, Rajan said one of the greatest strength of India is its human capital of 1.4 billion and the question is "how do you make it strong?" The nation needs to create jobs at every level going along the path of development, said Rajan, presently Katherine Dusak Miller Distinguished Service Professor of Finance at Chicago Booth, USA.
Last August, RBI gave in-principle approval to 11 applicants.
RBI governor Raghuram Rajan is clear about cleaning up the mess in the banking system.
To provide exporters/importers greater flexibility in risk management, RBI enhanced the limit available to exporters to 50 per cent
India needs foreign exchange buffer reserves to insulate itself from exchange rate volatility as we have "no friends" for swap lines and Japan was the only country that helped during the taper tantrum in 2013, former RBI Governor Raghuram Rajan said on Tuesday. Participating in a virtual event organised by economic think tank NCAER, Rajan said during the taper tantrum in 2013, India asked for swap lines, and only country who helped was Japan. "We need this (foreign exchange) reserve buffer to insulate ourselves because we have no friends.
Raghuram Rajan, said, the scourge of loan losses "had a tendency to increase, get too big to ignore, too late to manage, and push the system into crisis".
Hailing the announcement of Raghuram G Rajan as the new RBI Governor, India Inc on Tuesday said the appointment of the former IMF Chief Economist will help bring the economy back on growth path.
RBI Governor Raghuram Rajan, who today surprised markets with a rate hike, defended the move saying a rate cut would not have impacted either banks or borrowers and that bringing down retail prices is the key to sustainable growth.
Investors will see that India story actually continues to be a good one, he said.
India is gearing up to introduce a six-member monetary policy committee that would vote on interest rates.
Meanwhile, Wholesale Prices Inflation (WPI) numbers which were announced on Thursday, accelerated to an eight-month high of 7.0% in October.
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