To a question related to RBI's policy rate, Rajan said no amount of interest rate cut is going to help if credit growth is weak.
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.
China's per capita GDP is about four times of India's, Raghuram Rajan said.
Former RBI governor Raghuram Rajan, who faced a stinging attack from Finance Minister Nirmala Sitharaman for presiding over the "worst phase" of the Indian banking sector, on Thursday reminded her that two-third of his tenure as the head of the central bank was under the Bharatiya Janata Party government.
She would be the first Indian to be occupying the coveted post at IMF after former RBI governor Raghuram Rajan
Rajan said in order to export, one needs to be able to import things that go into those exports as cheaply as it can.
Gross non-performing assets of public sector banks have gone up.
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'.
The RBI chief was speaking to researchers at an analyst call.
The government seemed unhappy with Raghuram Rajan's interest rate policy.
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.
Two films will release on Diwali.
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.
On Aug 11, the Chinese central bank surprised markets by devaluing the yuan by nearly 2 per cent.
Observing that it is not yet clear to him what the government means by 'Atmanirbhar Bharat', Rajan said if it is about creating an environment for production, then it is a re-branding of the Make in India initiative.
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.
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.
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.
Rajan has set March 2017 as the deadline for banks to clean up their balance sheets.
Nationalisation has served its purpose. It's time to move ahead, keeping majority ownership of the government in a few banks to serve the people, argues Tamal Bandyopadhyay.
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.
The report further noted that inflation is expected to fall to 4.5 per cent by quarter ended March 2017.
Business houses expect rate cut in next RBI policy.
Retail inflation was at a 25-month low of 8.1 per cent in February.
In the global context, the country "stands out" in terms of relatively stronger growth and improved economic fundamentals, Raghuram Rajan said.
Onno Ruhl said it is imperative to have a favourable global environment in addition to the domestic advantages.
Swamy had also claimed that Rajan was "mentally not fully Indian" and alleged that he has "wilfully" wrecked 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.
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".
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.
Subramanian Swamy now wants Arvind Subramanian sacked.
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
RBI Governor Raghuram Rajan on Tuesday said the government will decide on extension of his tenure.
The meeting, which comes just days before the next bi-monthly monetary policy review on June 3, lasted for about 50 minutes.
Centre to take a call only in August, just a month before his three-year term ends.
'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.'
