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.
Also says PSU banks divestment to be considered after improvement in governance
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.
"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.
Nivin Pauly is very proud of his latest release, Malayalee From India.
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
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
The Reserve Bank has reduced interest rate by 150 bps since January 2015.
On the controversy surrounding the GDP numbers based on new calculations, he said statisticians have done as good a job as they can and economic growth is significantly high as costs have come down
Inflation is a big concern for India, says RBI chief Raghuram Rajan.
Rajan said there will be some volatility, but once the initial bout or wave abates, people will look for good fundamentals
Raghuram Rajan, whose current three-year tenure ends on September 4, has already said no to a second term.
Rajan said too many infra projects do not have forex earnings thus are unable to pay in dollars or yen
Former Finance Minister P Chidambaram had said he was "disappointed and profoundly saddened" by Rajan's decision.
Seeking to guard investor returns from excessive exchange rate movements, RBI Governor Raghuram Rajan on Thursday said a move towards an inflation target of 4 per cent will help contain the currency market volatility.
Rajan would slow down some of the expansion of money and it ought to have little effect on the real economy.
'The 'Off-with-Rajan's-head' brigade bases its arguments on mistaken beliefs, erroneous causalities, and even downright prejudice.'
Reserve Bank Governor Raghuram Rajan on Friday said the recent rally in the rupee is comforting but said the currency has not yet achieved stability which will only be reached when he stops keeping a "minute-by-minute" track of the unit.
RBI ex-governor's book on 'those turbulent but exciting times' to be launched on Sept 5 in Chennai.
Rajan, Swamy alleged, is a member of US dominated Group of 30.
There is also a lobby within the bureaucracy that wants to see Rajan's influence curtailed
In an explosive claim, arrested underworld don Chhota Rajan on Tuesday alleged that some officials in the Mumbai police are working with India's most wanted terrorist Dawood Ibrahim.
We require a very pivotal kind of leadership now from the central bank in order to work with the government
RBI Governor Raghuram Rajan is regarded as credible by global financiers.
Though Nobel Prize nominations have been a secret for 50 years, speculation abounds over the contenders for this year's prize in economics.
Former RBI Governor Subbarao blamed Chidambaram for undermining the autonomy of RBI and putting pressure on him to cut interest rates.
rediffGURU Krishna Kumar offers expert advice on how you can polish your skills and perform better at work.
In a relief to former Mumbai police officer Pradeep Sharma, the Supreme Court on Monday said he need not surrender till further orders to undergo the life term awarded to him in a 2006 fake encounter case.
'Cricket is like a circle, the smaller you keep it, the better it will be. You expand this circle more and you will find gaps.'
"This is not an easy time as economy faces challenges. Our actions will be at measured pace given the current market turmoil," Raghuram Rajan said after he took charge as the new RBI Governor.
A fortnight after senior crime journalist Jyotirmoy Dey was shot dead, Mumbai police on Monday cracked the case claiming that underworld don Chhota Rajan was behind the murder, even as they remained tight-lipped about the motive.
Kerala Chief Minister Pinarayi Vijayan on Thursday said the rescue mission in the landslide-hit Mundakkai region of Wayanad could take a few more days, and appointed a cabinet sub-committee of four ministers to coordinate the rescue efforts.
According to him, since India has a low fiscal deficit, a low current account deficit and lower inflation, there is no need for being too dependent on foreign money for growth.
Indian economy grew at 7.9 per cent in fourth quarter of 2015-16.
Asserting that retail inflation excluding food and fuel is still at an elevated level, the Reserve Bank of India on Tuesday said it would endeavour to curb price increases.
'Raghuram Rajan is a wonderful economist, but he is not a wonderful Indian economist.' 'He doesn't understand India in the granular form.' 'India exists only from Delhi to Nariman Point for him.' 'India is much, much bigger and complex.' 'The new RBI governor shouldn't get ready to open his umbrella when it rains in America'
"Let people pay, but if they don't pay, go after them"
Of the eight RBI governors who have held office since the 1991 economic liberalisation, Bimal Jalan had the longest stint and S Venkitaramanan, the shortest. Current Governor Shaktikanta Das will overtake Bimal Jalan before completing his second term in December, points out Tamal Bandyopadhyay.
Rajan sees banks passing on the benefit of lower rates regime to customers.
