India on Saturday favoured greater mobility of skilled labour
Rajesh Vardhan, managing director, Vardhman Group, will chat on home loans on Wednesday, September 25, at 3 pm.
The device supports a host of India-specific apps and the more you use it, the better it gets.
'There has been an enormous amount of attention paid to issues like capital account convertibility, bank privatisation and bank priority sector norms. There are many other areas where reforms are less controversial, but perhaps as important,' the report of the high-level Committee on Financial Sector Reforms headed by Raghuram Rajan, a professor at Graduate School of Business, University of Chicago, said.
Rajan said the RBI is working on upgrading the capabilities of its inspectors to undertake bank system audits as well as to detect vulnerabilities in them
The three years at the Reserve Bank have mostly been a string of success stories for Rajan, gaining him common man's adulation even as the free-thinker in him made a few foes who matter more in the corridors of power
'We expect the Reserve Bank of India to deliver a 25 bps rate cut in April to support growth.'
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The central bank was seen selling dollars consistently when the rupee would approach the record low of 68.86 hit on August 28.
In policy review meet in June, RBI Governor Raghuram Rajan kept interest rates intact.
Progress on the steps taken by Governor Shaktikanta Das' predecessor Urjit Patel to restore financial system integrity will be a key thing to assess any damage to the institution, Subramanian said.
Reserve Bank of India Deputy Governor Viral Acharya is the eighth economist to quit since the Modi government took office.
The step followed Reserve Bank Governor Raghuram Rajan's hard talk.
The hardening of the Wholesale Price Index follows an uptick in retail inflation.
'Mr Modi would compliment a Nobel Prize winner, but members of his party or the government would not be restrained from either making unfair comments or criticising him for having offered advice to an Opposition political party,' says A K Bhattacharya.
A reading above 50 represents expansion while one below means contraction.
To provide exporters/importers greater flexibility in risk management, RBI enhanced the limit available to exporters to 50 per cent
Finance Minister P Chidambaram held informal consultations on Wednesday on possible candidates for the Reserve Bank deputy governor's post.
Fraudulent emails exhorting people to deposit cash for reward are on the rise.
'The true fruits of the attack on black money, what Raghuram Rajan did for the banking system, and what technology is doing for us will come in FY19, which, not surprisingly, is the year running up to the next Lok Sabha elections.'
A strong currency helps in fighting some of the import-led inflation.
In December 2014, it was (-)0.50 per cent.
Credible fiscal consolidation has been a consistent pre-condition to easing the monetary policy stance as far as the RBI is concerned.
The committee on financial sector reforms headed by Raghuram Rajan has recommended that provident funds and insurance companies should be allowed to invest abroad, a move that will require legislative changes.The panel's draft report has also called for the introduction of "true auctions" in securities, reduction in the auction and trading period, unified disclosure norms for multiple securities, use of call options for opening and closing price on exchanges.
The appointment will be made by Prime Minister Narendra Modi in consultation with Finance Minister Arun Jaitley.
The report also described the RBI as an "extremely visionary, pragmatic and fairly independent" organisation throughout its history
Rajan said there will be some volatility, but once the initial bout or wave abates, people will look for good fundamentals
Rupee, he said, is not in shambles and "we should not be overtly pessimistic".
The High Commissioner upon seeing Mallya walk in actually at the mid of the event, got up and left
Be it for the organisation they work for, or for their own venture, if they believe in an idea, they work relentlessly towards it.
RBI governor Raghuram Rajan is clear about cleaning up the mess in the banking system.
In April, RBI had projected retail inflation to be around 5 per cent.
Rajan also said weak results from India's corporate suggested final demand is yet to pick up strongly.
BJP said Gandhi's remarks were condemnable and he should apologise in the House.
Traders suspect The Reserve Bank of India (RBI) bought bonds and actively intervened in the rupee to support sentiment.
Bajaj hit out at banks for not passing the entire benefits to consumers.
P Chidambaram on Saturday wondered whether the Modi government "deserves" Raghuram Rajan
While Raghuram Rajan has said in the past that other factors, including domestic fundamentals, outweigh the US Fed policy meet, this time it would be different
The right policy response to global price increases is not straightforward. The draft report is wide-ranging in its scope, and it attempts to provide a coherent, integrated view of financial sector reforms that would equip India's financial sector to support growth, widen financial access and maintain stability over the next decades. The report is being released for public discussion at a critical juncture in both the domestic and global economy.
Raghuram Rajan rejected the argument that inflation has come down largely because of "good luck" stemming from low oil prices.
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The Reserve Bank released a report on 'Banking Structure in India -- The Way Forward' in August 2013, which covered issues such as consolidation of large-sized banks with a view to have a few global-sized banks and the desirability and practicality of having small, localised banks as preferred vehicles for financial inclusion.
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