The first signs of growing bonhomie between Modi and Rajan came early last year, when Modi called Rajan the "best teacher" for explaining complex economic issues to him.
Reserve Bank Governor Raghuram Rajan today criticised multilateral institutions like the IMF and the World Bank saying "they are not immune to cognitive capture".
Raghuram Rajan said the passage of the GST Bill augurs well for the growing political consensus for economic reforms.
The academic prize is sponsored by the Deutsche Bank Donation Fund and carries an endowment of euro 50,000.
'Rajan brought in a healthy air of competition in the banking sector.'
Rajan's total 'monthly emoluments' stands at Rs 198,700
The government and the RBI are working together to tackle the country's economic problems but there is no "magic wand" to fix them, said Raghuram Rajan, who will take over as central bank governor next month.
'There will be no serious effect on Indian economy because one person, one man, however powerful, however influential, however great, cannot have an impact on an economy as big and complex as India.'
The Bengaluru outfit will hope for a reversal at the Sawai Man Singh Stadium, a venue that carries similar traits as RCB's home -- Chinnaswamy Stadium -- in terms of a smooth pitch and a blistering outfield adding value to the batters' shots.
The court will on Tuesday hear arguments on the quantum of sentence to be awarded to the convicts.
Additional Chief Secretary K P Bakshi told reporters at a hurriedly-called press conference that all the cases against 55-year old Rajan, who has been deported from Indonesia, are being transferred to CBI because of its expertise in "handling transnational crimes".
With five consecutive defeats, bottom-placed RCB have the daunting task of winning their remaining seven games to keep their play-off prospects alive.
Prime Minister Narendra Modi defended Mr Rajan, but it would be debated why he took so long to dub criticisms like those against the RBI governor as improper.
Rajan is lodged in Tihar Jail in New Delhi. The other three persons, who were out on bail, were taken into custody on Monday after the verdict was announced.
'Rajan's exit will have a great impact on the economy.'
The 55-year-old gangster was taken straight to the CBI headquarters where he was quizzed on Dawood Ibrahim, India's most-wanted terrorist.
Union Minister Nirmala Sitharaman was on Monday critical of RBI Governor Raghuram Rajan's description of Indian economy as the "one-eyed king in the land of the blind", saying better words should have been used.
Gangster Chhota Rajan, prime accused in the journalist J Dey murder case, thought that the veteran crime reporter was working for his rival Dawood Ibrahim and Pakistan's spi agency Inter-Services Intelligence, according to the chargesheet filed by the Central Bureau of Investigation.
Desperate Royal Challengers Bengaluru will be under tremendous pressure to get their act together against an equally struggling Mumbai Indians when the two teams face-off in an Indian Premier League match in Mumbai on Thursday.
Rajan tells RBI colleagues he will be returning to academics
Security has been stepped up in and around Jail no 2 of Tihar prison where underworld don Chhota Rajan was lodged on Thursday after being remanded in a 14-day judicial custody.
Rajan said it is hard to offer an objective self-assessment but the RBI should probably have raised more flags about the quality of lending in the early days of banking exuberance.
The country has a long way to go before it claims to have arrived, he said.
He said the short term macroeconomic priorities of the RBI continue to focus on bringing down inflation towards the government-set target of 4 per cent
Yash Dhull was on Monday removed as Delhi captain, hours after the team suffered a heavy defeat against Puducherry in their Ranji Trophy opening match.
RBI Governor Raghuram Rajan said that consolidated fiscal deficit of the Centre and states rose to 7.2 per cent in 2015 from 7 per cent in the previous year.
'The prime minister's comment on 'revdi culture' was welcome. But I am disappointed he did not follow up on that.' 'All political parties, including the BJP, have been guilty of this.' 'Now, Modi's guarantees, the Congress's 'nyay' path and both ruling and Opposition parties are vying with each other for freebies in my home state Andhra Pradesh.'
Rajan has set March 2017 as the deadline for banks to clean up their balance sheets.
Maharashtra Chief Minister Devendra Fadnavis on Tuesday said that underworld don Chhota Rajan, who was nabbed at Bali airport on his arrival from Australia last month, will be brought to Mumbai.
The KKR think-tank might not be unduly worried as their campaign is still at a nascent stage, but they would like to see the first-choice pacer and spinner finding their range at the earliest.
Rajan has shifted from the conventional ground floor room occupied by CEAs to a room on the first floor, adjacent to Chidambaram's office.
"I don't think this administrative subject should be an issue of interest to the media," Modi said.
Raghuram Rajan's exit reminds Syed Firdaus Ashraf of Kafka's The Trial.
After his decision to return back to academia, there have been voices suggesting that his candid public speeches were one of the aspects which made the government uncomfortable about reappointing Rajan for another term
Also says PSU banks divestment to be considered after improvement in governance
'I declared myself a Sikh. We want freedom from caste discrimination.'
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
Annamalai has faced criticism for the breakup between the AIADMK and the BJP, but BJP leaders say 'he attracts youth, who needs change'.
Royal Challengers Bengaluru's IPL 2024 campaign is just one-match old, but it has already exposed their biggest chink. It's fragility in bowling, and they need better returns from bowlers against a confident Punjab Kings at an unforgiving M Chinnaswamy Stadium, in Bengaluru, on Monday.
The Reserve Bank has reduced interest rate by 150 bps since January 2015.
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