Rajan said RBI is in the process of creating a framework which will make the sustainable growth possible.
Roundup for Ranji Trophy matches played on Friday
IMF chief said the G20 leaders need to respond to the calls for creating jobs.
'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.
'My immediate objective is to start thinking about research once again. Start understanding the world we are in which has changed quite a bit.'
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.
Governor Rajan stressed on the benefits over a medium-term.
Ranbir and Shraddha's playful chemistry is to watch out for in Luv Rajan's rom-com, predicts Namrata Thakker.
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.
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.
Expectations are high. There is a little bit of euphoria in India, says RBI governor.
Macroeconomic factors under control, says Rajan
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
'The CoA feels that if David has declared and is not taking remuneration from India Cements, he is not in conflict'
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.
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.
Reserve Bank of India (RBI) Governor Raghuram Rajan spoke on a host of issues at his last post-policy interaction with the media
He added that the risks can increase if the Chinese slowdown gathers more speed.
"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.
While stating that a strong government should be led by those who have expertise, motivation and integrity and can provide the needed public good, Rajan warned that "strong governments, may not, however, move in the right direction".
Full capital convertibility means a foreign investor can repatriate his money into his own local currency at will.
The government plans to inject a total Rs 70,000 crore into the lenders over four years
RBI to ensure loans rate fall
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.
China's per capita GDP is about four times of India's, Raghuram Rajan said.
Thackeray, along with top leaders of the Sena-UBT, went to Mumbra here to visit the razed shakha but had to face resistance from workers of the CM's Shiv Sena, who also showed black flags.
Rajan had said that there was lack of clarity about the new method.
In a recent article, Rajan has ridiculed critics of the exchange rate policy.
Narsaiyya Mama alias Langdya was attacked by 'four or five' unidentified men.
He cautioned however that these are the early signs and one should not start celebrating.
Swamy had also claimed that Rajan was "mentally not fully Indian" and alleged that he has "wilfully" wrecked the economy
The Reserve Bank had submitted a list of 150 top loan defaulters who owe banks more than Rs 500 crore in a sealed cover to the Supreme Court.
Crime Branch arrested Chhota Rajan aide Vinod Chembur, a accused in an extortion case, along with the underworld don's wife Sujata.
Raghuram Rajan says he's not beholden to the Finance Ministry nor does he go around with the fear of being fired.
'In the next 15-20 years, India will have at least 50 new (AI-driven) billion-dollar companies that are going to solve problems for the largest companies around the world.'
Rajan also expressed hope that a stable government after the Lok Sabha elections will continue the broad fiscal policies of the current regime and India may finally get the Goods and Services Tax, an ambitious indirect tax reform measure.
RBI governor also spoke on the ill effects of cutting interest rates too much
Veteran cricket writer Rajan Bala passed away in Bangalore on Friday following a prolonged illness. Rajan turned 63 two days ago and died in a hospital in the Garden City where he had been admitted, according to family sources.
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