'Having dedicated my life towards improving breast healthcare in my motherland. I shall continue to work with rock-solid determination following this "chosen" path.'
'Raghuram Rajan's contribution to the country's economy is "exemplary" and he would always be remembered for his outstanding work.'
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.
Advice to the new finance minister from former RBI governor Raghuram Rajan: 1. Clean up banks by reviving projects that can be revived after restructuring debt. 2. Improve governance and management at public sector banks. 3. De-risk banking by encouraging risk transfers to non-banks and the market. 4. Reduce the number and weight of government mandates for public sector banks, and for banks more generally.
Free speech is the soul of a great university. By compromising on it, the founders have bartered away its soul, said Rajan.
The decision assumes significance in the wake of a scam in the PMC Bank affecting lakhs of customers who are facing difficulties in withdrawing their money due to restrictions imposed by the Reserve Bank of India.
China's per capita GDP is about four times of India's, Raghuram Rajan said.
Gross non-performing assets of public sector banks have gone up.
The RBI chief was speaking to researchers at an analyst call.
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.
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.
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'.
Two films will release on Diwali.
The government seemed unhappy with Raghuram Rajan's interest rate policy.
She would be the first Indian to be occupying the coveted post at IMF after former RBI governor Raghuram Rajan
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.
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.
On Aug 11, the Chinese central bank surprised markets by devaluing the yuan by nearly 2 per cent.
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.
Rajan said in order to export, one needs to be able to import things that go into those exports as cheaply as it can.
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.
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.
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.
The report further noted that inflation is expected to fall to 4.5 per cent by quarter ended March 2017.
Retail inflation was at a 25-month low of 8.1 per cent in February.
Business houses expect rate cut in next RBI policy.
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
In January 2003, the American Finance Association awarded Rajan the inaugural Fischer Black Prize for the best finance researcher under the age of 40.
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.
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.
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.
Subramanian Swamy now wants Arvind Subramanian sacked.
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".
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
