Dr Rajan is a person of very high caliber
RBI Governor Raghuram Rajan on Tuesday kept the repo rate unchanged 6.50 per cent.
Rajan said that central banks should not ignore global responsibilities.
The RBI governor also said he is not 'overly' worried about any interest rate hike by the Federal Reserve, saying the country had enough foreign exchange reserves.
A joint team of CBI and police officers has left for Indonesia to seek deportation of underworld don Chhota Rajan, two days after India wrote a letter to the authorities there for his return to face trial in various criminal cases registered against him.
RBI's exercise will take into account standards of governance, the viability of the payment bank (PB) business model, and changes, if any, if needed.
'Access to finance is one of the most crucial needs in the economy.'
The immediate priority for the new governor will be to draft the mid-quarter review
RBI Governor Raghuram Rajan on Friday pitched for incentivisation of domestic savings to boost investments in the country.
Centre to take a call only in August, just a month before his three-year term ends.
"I am an academic and I have always made it clear that my ultimate home is in the realm of ideas," Rajan said in a letter to staff.
A high-stakes match between cross-city rivals Chennai Super Kings and Royal Challengers Bengaluru in Chennai on Friday will usher in IPL 2024, but, beyond the grandeur around it, the two protagonists will have to find early answers to some deep questions as they attempt to enter a rarefied territory.
Reserve Bank Governor Raghuram Rajan on Friday said banking sector will see major changes in the coming years.
RBI Governor Raghuram Rajan on Friday said keeping inflation low is the key task for sustainable economic growth of the country.
While he has plenty of critics at home, Rajan is a favourite among foreign investors and has been credited for bringing inflation under control.
'Das is friendly, but he finally does what he does. The quality of engagement is very good.'
Rajeev Srinivasan tells how he came very close to being another number in the 'disappeareds' during the Emergency.
'If my brother was a criminal they could have filed a case against him and put him on trial. Why kill him?' This is not justice.'
Rajan said the central bank has used up all its "space available" to cut interest rates
In the past, there have been instances of people getting fake e-mails in the name of RBI.
The State Bank of Travancore has suspended 'Raghav Rajan', the probationary officer working with them and said to be Bitti Mohanty, convicted in the 2006 German woman rape case and now in police custody seven years after he jumped parole.
Raghuram Rajan becomes the 23rd governor of Reserve Bank of India.
As heavy rains continued to batter Kerala, landslides and flooding were reported from many parts of the state, especially its southernmost district of Thiruvananthapuram, which was severely affected by waterlogging in several areas on Sunday.
'There are lots of low hanging fruits and often no real impediment to plucking them.'
Rajan also said it's a problem of collective action and not a problem of industrial nations or emerging markets
Finance Minister Arun Jaitley said RBI and the government are in continuous dialogue and that relationship will continue.
In the global context, the country "stands out" in terms of relatively stronger growth and improved economic fundamentals, Raghuram Rajan said.
Maharashtra Chief Minister Devendra Fadnavis on Monday said the decision to hand over all the cases against underworld don Chhota Rajan to the Central Bureau of Investigation was taken on the advice of Mumbai police, and dismissed suggestion that it was because of his allegation about a nexus between some police officers and rival gangster Dawood Ibrahim.
The underworld don has written a letter to the Indian consulate speaking of a threat to his life in the Bali prison.
Rajan has been facing continuous attacks by Bharatiya Janata Party MP Subramanian Swamy and some other sections, who have alleged that he has failed to lower interest rates and boost the economy
The solution to this problem lies only in making the system more efficient, he said.
RBI governor is seen succeeding International Monetary Fund (IMF) chief executive officer, Christine Lagarde, next year.
Indian bond yields fell on Friday after Rajan's remarks, showing the level of concern about high inflation and investors' anticipation that the RBI will continue efforts to stabilise the economy.
Rajan addressed a group of investors in Boston on Thursday.
Underworld don Chhota Rajan was on Saturday sent to Central Bureau of Investigation custody by a court, a day after he was brought from Indonesian city of Bali.
The rupee has fallen more than 2 per cent against the dollar since the yuan devaluation
The rank of COO is the latest in a series of decisions that met with internal resistance at Mint Road and now North Block.
Flagging the issue of lack of enough economists in the country, Reserve Bank India (RBI) Governor Raghuram Rajan has said the inability to get quality talent may be hurting policy making.
'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.'
Rajan, who has also served as chief economist at the International Monetary Fund (IMF), said he had no idea what statistics are pointing at currently and "a revamp" was needed "to really figure out what India's true growth rate is".
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