On September 4, at a time when the rupee was the worst performer among Asian currencies, Raghuram Rajan took charge as RBI's governor.
Raghuram Rajan's exit reminds Syed Firdaus Ashraf of Kafka's The Trial.
Rajan, who will complete a month as the governor of Reserve Bank of India on Friday has already succeeded in restoring calm in the foreign exchange market.
It is the government and its policies and attitude toward FDI that is at the root of the problem.
'We have 100,000 students going abroad every year.' 'So, we have room for at least 100 universities of very high quality to service those 100,000 students.'
RBI Governor Raghuram Rajan is regarded as credible by global financiers.
Cricket icon Sunil Gavaskar celebrates a magnificent 75th birthday on July 10th. Rediff.com picks 15 facts about Sunil Gavaskar you need to know:
Rajan said he believes that capitalism is breaking down because it is not providing equal opportunities.
Design of these notes to be issued now is similar in all respects to the Rs 1000 Banknotes in Mahatma Gandhi Series-2005 issued earlier, RBI said.
Six out of eight monetary policies announced by him during his entire tenure so far have been on Tuesdays
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The Congress led UDF government in Kerala has asked Prime Minister Manmohan Singh to reject the Raghuram Rajan panel report evolving new formula for devolution of funds to states.
It would amount to penalising the people, who make an attempt to repay loans.
Rollback of July tightening measures indicates comfort on currency but a repo rate hike is around the corner.
India's chief economic adviser, Raghuram Rajan has been appointed as the governor of the Reserve Bank of India.
New RBI Governor Raghuram Rajan on Wednesday came out with a slew of measures, including more trade settlement in rupees to rescue the battered financial markets and hinted at a shift in focus from inflation control, doggedly pursued by his predecessor, to boosting growth.
Though Nobel Prize nominations have been a secret for 50 years, speculation abounds over the contenders for this year's prize in economics.
Raghuram Rajan said the head of the central bank should have a fixed tenure of more than three years as the current term was too short.
The man widely expected to be India's next central bank chief favours clipping the autocratic power of the role and giving more say to a monetary policy committee.
Though the IMF wanted him to continue, his university said it won't extend Rajan's leave.
Terming Rajan as "India's prescient banker," Time said he is among a rare breed of "economic seers".
Former Reserve Bank of India (RBI) Governor Raghuram Rajan says the government should take advantage of the peaks in the Indian equity markets right now and sell stakes in PSUs while prioritising spending to get the economy back on track. The upcoming Budget for the fiscal year beginning April 1 should look to provide "relief to the poorer households and small and medium enterprises," he said. And then move on to getting the economy back on track.
Former Reserve Bank of India governor Raghuram Rajan said that Rs 65,000 crore is required to help the poor affected by the coronavirus-induced lockdown. He also laid stress on the need to restart the economy while taking precautions.
Rajan, who will be a key member of Finance Minister P Chidambaram's team, was also honorary economic adviser to Prime Minister Manmohan Singh.
While the quality of regulation and governance is a key factor to rebuild business confidence in India, the deficiencies in these areas are even more alarming than the inadequacies of the country's physical infrastructure, Raghuram G Rajan, well-known for his critique on the American economic and financial crisis, said on Saturday.
Three months on the job seem to have converted Reserve Bank of India Governor Raghuram Rajan from an inflation hawk to at least a pragmatist.
...but when they awaken, it's going to be overly optimistic to assume everybody will walk off the sleeping bed and come back to full life, Rajan noted.
Rajan would slow down some of the expansion of money and it ought to have little effect on the real economy.
Raghuram Rajan receives rock-star welcome on his first day in office as Governor of Reserve Bank of India. But the question lingers: Can he sustain it?
The appointment of Rajan, a former chief economist of the International Monetary Fund and now a professor of finance at University of Chicago, comes at a time when India, like most of the world economies, is grappling with the impact of the global credit crisis.
Reserve Bank of India Governor Raghuram Rajan took charge of India's central bank when the rupee seemed to be in a tailspin while the country was facing runaway inflation.
Rupee has tumbled about 10 per cent alone since Rajan's appointment on August 6.
RBI ex-governor's book on 'those turbulent but exciting times' to be launched on Sept 5 in Chennai.
Even as Standard & Poor's and Fitch have warned India's sovereign ratings could be cut to junk level, the government's chief economic advisor, Raghuram Rajan, says there is no point in grudging that India's ratings are on a par with debt-ridden European nations.
Raghuram Rajan joked he wasn't expecting to win any votes or Facebook 'likes' in the position.
'The CoA feels that if David has declared and is not taking remuneration from India Cements, he is not in conflict'
Central bank governor says the devaluation like China or Japan is neither feasible nor a good strategy
Rediff.com did a word cloud analysis of the governor's speech.
'I yet again implore you to start working as a team for the betterment of the athletes and the Olympic Movement in India.'
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