In his address at a conference of state secretaries, Rajan stressed the need to strengthen state-level coordination committees by ensuring participation, conducting meetings more frequently and sharing quality information among all stakeholders, including state government agencies.
Rajan's colleague in the ministry, Economic Affairs Secretary Arvind Mayaram, also expressed hope on Thursday that the central bank would vote for growth.
His team has projected a higher growth of 6.1-6.7 per cent in the next fiscal.
The RBI kept its key policy repo rate unchanged at 8.0 percent in its recent monetary policy.
Raghuram Rajan said a six-member monetary policy committee will decide on interest rates.
Former President A P J Abdul Kalam felicitated the six winners.
Raghuram Rajan, who was Chief Economic Advisor in the Finance Ministry before taking over as RBI Governor on September 4, is scheduled to announce the next mid-quarter policy review on December 18.
Rajan says, this is a time where countries should be focusing on getting the macro stability in order
Speaking at the Delhi Economic Conclave in New Delhi, Reserve Bank of India Governor Raghuram Rajan said the central bank will come out with a discussion paper next week with regard to distressed borrowers and rising non-performing assets.
Rajan is an acknowledged academic, author and intellectual. He spoke on issues which are in the public domain, said Chidambaram
RBI chief Raghuram Rajan said Asia's third-largest economy is being hampered by a drop in public and private investments.
'The finance ministry and public sector banks have tried to keep the names of wilful defaulters secret.' 'Secrecy and concealing information are inbred among banks and even the RBI,' observes Debashis Basu, editor, www.moneylife.in.
RBI Governor Raghuram Rajan's decision to not seek a second term is a "personal one" which everybody should respect, Chanda Kochhar MD & CEO, ICICI Bank said.
The mid-year analysis lowered the growth projection for the current financial year to 5.7-5.9 per cent from 7.6 per cent estimated earlier.
The core inflation is down and there is a need to push growth.
The rupee on Monday ended lower by 23 paise to close at an over two-week low of 67.31 against the US currency.
Finance Minister expects rate cut by RBI.
Former Finance Minister P Chidambaram had said he was "disappointed and profoundly saddened" by Rajan's decision.
The RBI targets inflation at 6 percent by January 2016 and 4 percent for 2017/18.
Reserve Bank of India Governor Raghuram Rajan had said recently that there was "no need" to set up a separate bad bank to deal with stressed assets of public sector lenders.
Financial services firm AnandRathi analysed the key points of the policy soon after it was announced.
Although this may not be music to Raghuram Rajan and Viral Acharya's ears, the real reason in my estimation for their quitting is expatriate over-sensitivity, intolerance or arrogance, argues B S Raghavan, the distinguished civil servant.
Arun Jaitley had proposed to set up a Public Debt and Management Agency.
Rajan has a great track record abroad.
India's consumer price inflation dropped to 5.4 per cent in June
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
At Vigyan Bhavan, Prime Minister Manmohan Singh sat with silent stillness as a key economic advisor and the head of India's central bank discussed the legacy of his reforms - a legacy that speakers said was under threat because of complacency.
Rajan encouraged the Indian-American business community to get involved in the 'nitty gritty of the implementation process,' saying such involvement was not difficult especially since the Indian government has the political will to reform.
'When a soldier becomes a king, he better be a king. He should now just forget the past and move beyond continuity. He should catch the potential of India's moment and play a leader's role,' says Vallabh Bhansali of Enam Group.
For 2015-16, IMF pegged India's growth rate at 7.5 per cent.
The policy will be presented in the backdrop of rising inflation.
The key short-term lending rate (repo rate)has been hiked by 0.25 pc to 7.50 pc.
20 occasions she captured our attention.
Jaitley was reacting to a question by CNBC TV18 on Rajan's remarks last week.
Rajan posed the question while speaking at the annual leadership conference in Mumbai National Association of Software and Services Companies.
The committee had eminent people on it and making any allegations like this is 'outlandish', Sitharaman said.
"We did not abuse RBI governors," says Chidambaram.
In the global markets, the US dollar traded lower in early trade after former US Treasury Secretary Larry Summers withdrew himself from the race to be the next Federal Reserve chairman.
Over the last two weeks, the RBI has lifted short-term rates to help support the currency
The answer to the problems of high inflation and slowing growth, and low farm incomes, would lie in addressing the basic reforms that India is still to attempt -- like labour laws, says T N Ninan.
