RBI unsure whether to cut rates or not in its next monetary policy.
The bank's base rate currently stands at 10 per cent and the last movement in it was in November last year, when it was hiked by 0.20 per cent.
Finance Minister Nirmala Sitharaman will present her second Budget a little more than a month from now. Like any other FM, Sitharaman will depend on her team of bureaucrats and advisors to frame and present the Budget.
An early choice will also allow Mr Rajan to do some hand-holding.
If you have answers to these, you need not worry about Britain's exit from the European Union, Raghuram Rajan's exit from the Reserve Bank of India or Narendra Modi's chances of re-election in 2019; your financial future will be safe, says P V Subramanyam
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.
'Here, after all, was a fine specimen of intelligence in the field that Adam Smith gave formal structure. And successful RR surely was as RBI chief.'
Mr Swamy has written letters to the Prime Minister's Office asking for Mr Rajan's services to be terminated.
'We first need to acknowledge the truth.' 'We are trying to diminish the problem and say, everything is okay and green shoots are emerging.' 'Imagine you are a doctor and not getting accurate medical reports, how do you diagnose and treat the illness?' 'We are not dealing with a terminal illness here, we are dealing with BP and cholesterol, which are imminently curable.'
A chat with investment expert Feroze Azeez on what impact will the hike in RBI rate have on the consumers.
With Raghuram Rajan not 'really there', the FinMin has decided to keep a watch on market developments this week with all key officials on the job.
He will presumably choose to remain true to the framework he has put in place.
Describing the BJP's election victory as an "astonishing triumph of Narendra Modi", noted economist Jagdish Bhagwati on Monday advised him to retain Raghuram Rajan as RBI Governor and to hold monthly press conferences to articulate the government's agenda.
Tomorrow's review could also turn out be the last policy anchored by Rajan if the proposed Monetary Policy Committee (MPC) is put in place before the next review due on August 9.
It would also be the last policy of Rajan
Bicycle manufacturer TI Cycles, a part of the $3.2 billion Murugappa Group, on Thursday introduced India's first bicycle made from carbon, 'Montra'.
'Slowing down of the economy was mainly due to the demonetisation shock...' 'If you cut off the oxygen supply to a patient in the ICU and the patient dies, the patient does not come alive again when you restore the oxygen supply.'
'Without bold action to deal with our banking crisis, count on the economy's doldrums to continue for much longer than most of us anticipate,' says Rahul Jacob.
RBI governor advises students to not take advantage of economic freedom
Puttaparthi, the abode of Sri Satya Sai Baba, on Monday witnessed a beautiful symphony of sound and spirit as thousands of devotees from across the world, important dignitaries and well renowned artists gathered to join the 85th birthday of the renowned spiritual guru.
In his first comments after resigning as RBI governor on December 10 last year amid sharp differences with the government, Patel said banks indulged in over-lending, while the government did not "fully play" its role, and also conceded that the regulator should have acted earlier.
RBI governor also spoke on the ill effects of cutting interest rates too much
He called on developed countries to play their part in restoring international monetary cooperation.
The bank chiefs have also cancelled the customary media conference after the bi-annual policies.
Experts applaud RBI governor RAghuram Rajan for his good work.
The WEF meeting is crucial because of its theme encompassing globalisation at the time of rising nationalism and trade war, and the fourth industrial revolution due to rapid strides being made in robotics and artificial intelligence.
Monetary transmission has been an issue for the Indian banking sector.
Governments that do not respect central banks' independence will sooner or later incur the wrath of the financial markets, ignite economic fires, and come to rue the day they undermined an important regulatory institution; their wiser counterparts who invest in central bank independence will enjoy lower costs of borrowing, the love of international investors, and longer life spans, said Acharya, who will return to the New York University's Stern Business School in August.
Rajan said an interest rate cut won't by itself lead to higher economic growth
Head of state-run Indian Bank T M Bhasin had called for a CRR cut.
However, some analysts say RBI Governor Raghuram Rajan may delay the rate cuts amid mounting concerns over the government's fiscal health.
Few proposals included in the Finance Bill would not help ease liquidity concerns in the economy, say RBI officials.
Bihar Chief Minister Nitish Kumar on Friday called for a daylong 'Bihar Bandh' on March 1 to protest against denial of special category status to the state by the Congress led UPA government.
It has been decided to reduce home loan rate by 20 basis points.
The rupee had closed at 60.1550/1650 per dollar on Monday.
After months of denying there was a liquidity problem, Governor Raghuram Rajan has reversed course.
There are 350,000 jewellers, of which 13,000 are BIS-certified.
The RBI Governor brought down retail inflation to 3.8% in July.
Rajan said that demand needs to be reduced without having severe effects on investment and supply.
Among the states due for election next year are AP, Haryana and Odisha, which have a fair share of agri credit. If these states individually announced debt relief, the combined waiver would be at least around Rs 600 bn to Rs 700 bn. Clearly, this will be a frightening challenge for Indian banks.
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