RBI says, it cut rates as growth was not happening at ground level.
Royal Challengers Bengaluru's IPL campaign that began with optimism has melted into chaos. Their bowlers require a drastic transformation in mindset against Sunrisers Hyderabad for them to register an elusive win in Bengaluru on Monday.
Urjit Patel's reappointment will raise market hopes that Rajan, will also be offered an extension when his tenure ends in September.
When asked if he sees himself back in Chicago, he said, "Yeah, Chicago has been kind to me over my history".
On India achieving higher growth, Rajan said 9 per cent, which is the widely believed potential growth rate of the economy, is still some time away.
"Finance Ministry and RBI keep talking all the time," Rajan said.
The RBI Governor brought down retail inflation to 3.8% in July.
Delhi Chief Minister Arvind Kejriwal, who was sent to Tihar Jail after a court remanded him in judicial custody till April 15 in the excise policy case, will remain under 24x7 watch with CCTV cameras in his cell and could watch TV and read books, officials 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
RBI governor Raghuram Rajan and the government are working towards financial inclusion.
"I think bankers have expressed some concern that they should not be held liable for actions that are taken in the full spirit of what is needed," Raghuram Rajan said.
Rajan was expected to join the search committee to appoint three external members of a new six-member RBI Monetary Policy Committee
Rajan said RBI is in the process of creating a framework which will make the sustainable growth possible.
Anandabazar Patrika reported that Rajan would prefer to go back to the United States after his three-year term expires in early September
Central bank governor says the devaluation like China or Japan is neither feasible nor a good strategy
After Raghuram Rajan leaves, the world for the succeeding RBI governors will be distinctly different.
Deported gangster Chhota Rajan was on Thursday produced before a special MCOCA court in Mumbai via video conference from Tihar Jail in connection with journalist J Dey's murder of 2011.
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.
IMF chief said the G20 leaders need to respond to the calls for creating jobs.
In a recent lecture, RBI governor Raghuram Rajan dished out some frank advice -- don't get into 'jugaad', instead try for the long haul. Only that will sustain in the long-run.
'My immediate objective is to start thinking about research once again. Start understanding the world we are in which has changed quite a bit.'
Expectations are high. There is a little bit of euphoria in India, says RBI governor.
Governor Rajan stressed on the benefits over a medium-term.
Government spokesperson and Information and Public Relations Minister Sapam Rajan said that the government is making efforts towards this end.
Here is some background on the candidates seen as potential successors to Rajan at the RBI
Reserve Bank Governor Raghuram Rajan on Monday slammed International Monetary Fund for staying on the sidelines and applauding accommodative policies of developed nations.
The exercise will continue till 6 pm in all the polling stations except those in Maoist-affected areas of Balaghat, Mandla and Dindori districts where it ended at 3 pm, an official said.
Macroeconomic factors under control, says Rajan
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.
Underworld don Chhota Rajan was on Thursday deported to India and is expected to reach Delhi early Friday morning, 27 years after he had fled the country in the face of numerous cases of murder, extortion and drug smuggling against him.
Reserve Bank Governor Raghuram Rajan on Monday warned against compromising India's interest for the sake of attracting foreign investment and said the priority should be framing transparent policies as well as resolving contractual tax disputes quickly.
'The RBI is something like a seat belt. As a driver, the driver being the government, it has the possibility of not putting on a seat belt but of course if you do not put on your seat belt you get into an accident and the accident can be quite severe,' Raghuram Rajan told CNBC TV18. 'The aim of the board is to be Rahul Dravid -- sensible, thoughtful and not, with due respect, Navjot Sidhu,' he added.
"I am an Indian citizen, I have always been an Indian citizen. I always held an Indian passport. I held an Indian diplomatic passport when my father was in the foreign service and when I travelled on behalf of the ministry of finance," Rajan said.
Narsaiyya Mama alias Langdya was attacked by 'four or five' unidentified men.
Bankers and government officials told Reuters Rajan's successor may be less aggressive in fighting bad loans, but the general direction will remain the same
Rajan expressed concerns on pressures on the services front.
An officer within the Indonesian police was quoted by NDTV saying that Rajan is very scared, constantly smoking and doesn't talk to people.
Full capital convertibility means a foreign investor can repatriate his money into his own local currency at will.
Reserve Bank of India (RBI) Governor Raghuram Rajan spoke on a host of issues at his last post-policy interaction with the media
Rajan, who has been warning against competitive monetary policy easing by central banks, however, said the situation is different in India where RBI still needs to bring down lending rates to spur investments.
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