China's per capita GDP is about four times of India's, Raghuram Rajan said.
Today, with growth having slowed and macro-economic challenges in every direction, would the government have benefited from the advice of 'Harvard' economists? asks T N Ninan.
A woman, whose husband went missing from aircraft carrier INS Viraat around ten years ago, has moved the Bombay High Court challenging the Navy declaring her husband a 'deserter'. According to petitioner Pratibha Raghuram, she was evicted from her house in Navy Nagar in Mumbai in December 1998, barely one month after her husband Raghuram went missing from INS Viraat, which was docked in Goa.
Stocks and rupee on Monday took an early morning plunge but soon recouped their losses.
DBS called Rajan's decision not to seek an extension as a 'negative surprise'.
Gross non-performing assets of public sector banks have gone up.
The government seemed unhappy with Raghuram Rajan's interest rate policy.
The RBI chief was speaking to researchers at an analyst call.
13 eminent economists, including former RBI governor Raghuram Rajan and current International Monetary Fund Chief Economist Gita Gopinath, in a report have asked the political establishment not to resort to populist tricks.
A top Finance Ministry source, however, said no discussion has taken place in the government so far on whether to extend Rajan's tenure or not.
During the pre-budget consultation with Union finance minister, some states made a case for fiscal expansion by boosting consumption to tide over the sluggishness in the economy.
For now, the BJP's strategy for Khushbu seems to be one of denial -- denying the rival Congress in the state and also at the national-level a Muslim voice acceptable to Hindu audiences and TV news-watchers. This is much less than the induction of DMK veterans like Duraiswamy and Selvam, who still have a greater chances of winning assembly seats,, says N Sathiya Moorthy.
Two films will release on Diwali.
On Aug 11, the Chinese central bank surprised markets by devaluing the yuan by nearly 2 per cent.
A day after Bihar Chief Minister Nitish Kumar slammed the United Progressive Alliance government for shelving the special status demand at the behest of its 'natural' ally, the Congress hit back charging him with misleading the people on the issue and instigating them against it.
'Since the NDA took office in 2014, and aggressively since 2019, the Union government seems hell bent on centralising all power and resources, only to fail spectacularly.'
Making light of his critics, he also said there are people who send him 'anonymous thank you notes' even when he on a plane.
In the past, there have been instances of people getting fake e-mails in the name of RBI.
Rajan has set March 2017 as the deadline for banks to clean up their balance sheets.
The report further noted that inflation is expected to fall to 4.5 per cent by quarter ended March 2017.
Announcing her appointment, IMF Managing Director Christine Lagarde hailed the Mysore-born Gopinath as "one of the world's outstanding economists with impeccable academic credentials, a proven track record of intellectual leadership and extensive international experience".
It was this day, March 6, in 1971 that Sunil Manohar Gavaskar made his debut in Test cricket.
In the global context, the country "stands out" in terms of relatively stronger growth and improved economic fundamentals, Raghuram Rajan said.
Business houses expect rate cut in next RBI policy.
Onno Ruhl said it is imperative to have a favourable global environment in addition to the domestic advantages.
Retail inflation was at a 25-month low of 8.1 per cent in February.
Swamy had also claimed that Rajan was "mentally not fully Indian" and alleged that he has "wilfully" wrecked the economy
In a strong counter to the narrative building around reasons for the exit of Professor Pratap Bhanu Mehta, Ashoka University Chancellor Rudrangshu Mukherjee has said the institution remains committed to academic freedom and intellectual independence while its Board of Trustee Chairman Ashish Dhawan promised an open line of communication.
Subramanian Swamy now wants Arvind Subramanian sacked.
In January 2003, the American Finance Association awarded Rajan the inaugural Fischer Black Prize for the best finance researcher under the age of 40.
While achieving an eight per cent retail inflation rate by January 2015 is well within reach, Reserve Bank of India Governor Raghuram Rajan notes there is a second target, of six per cent by 2016.
The RBI is not statutorily independent from the government but has long enjoyed wide latitude
Former Finance Minister P Chidambaram said he was "disappointed and profoundly saddened" by Rajan's decision against a second term, but was not surprised by the development
In an interaction with former Congress chief Rahul Gandhi on the impact of lockdown on India's economy, Rajiv Bajaj, MD, Bajaj Auto, said India tried to implement a hard lockdown which was still porous and ended up with the worst of both worlds.
RBI Governor Raghuram Rajan on Tuesday said the government will decide on extension of his tenure.
'Ultimately, people will revolt at one time or the other.' 'You cannot feed the public with cultural issues forever.'
Centre to take a call only in August, just a month before his three-year term ends.
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.
The meeting, which comes just days before the next bi-monthly monetary policy review on June 3, lasted for about 50 minutes.
Raghuram Rajan on February 2 left the key interest rate unchanged.
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