After two rate hikes in less than six weeks aimed at curbing inflation, RBI Governor Raghuam Rajan on Wednesday said the central bank may be done with interest rate increases as their impact on the economy is assessed.
India's macroeconomic indicators are improving and inflation has been coming down consistent with the central bank's forecast, but Asia's third-largest economy needs investment growth to pick up, he added.
Terming Rajan as "India's prescient banker," Time said he is among a rare breed of "economic seers".
The special Maharashtra Control of Organised Crime Act court on Thursday rejected the bail application of Paulson Joseph, an alleged Chota Rajan aide, arrested in connection with the murder of senior journalist Jyotirmoy Dey.
The meeting, which comes just days before the next bi-monthly monetary policy review on June 3, lasted for about 50 minutes.
The Governor, who completes one year in RBI on Wednesday, has stabilised the rupee and is getting a fix on inflation.
Minutes after the Union Cabinet approved raising the cap on subsidised liquefied petroleum gas (LPG) cylinders from nine to 12 per connection in a year, Reserve Bank of India (RBI) Governor Raghuram Rajan questioned the decision, suggesting it was "misdirected subsidy".
India on Tuesday said it does not anticipate any problem in bringing back Chhota Rajan from Indonesia as he was arrested on a Red Corner Notice issued by Interpol.
RBI itself is part of the multi-agency group announced by the Indian government to monitor such holdings and take appropriate action.
Rajan, who will be a key member of Finance Minister P Chidambaram's team, was also honorary economic adviser to Prime Minister Manmohan Singh.
A two-year extension at the helm of the RBI still looks a real possibility
Jaitley has made it a habit of giving soundbytes to the media like his predecessors on why RBI should cut interest rates
Government spokesperson and Information and Public Relations Minister Sapam Rajan said that the government is making efforts towards this end.
Rajan strongly defends RBI's decision to hold the key rates in the absence of any new data points.
Reserve Bank Governor Raghuram Rajan expressed confidence in India's growth and said the country is on target to meet Jan inflation target of below 6%.
While the rest of India marches towards the promised destiny of 'progress', Bihar - the heart of India- is doomed to poverty and the injustices of a caste-based society.
Gujarat Giants will be wary of Royal Challengers Bengaluru's newfound firepower in the middle-order when the teams clash in the Indian Premier League in Ahmedabad on Sunday.
Rajan said the relationship between the RBI and the government has been strong.
Rajan Bharti Mittal, vice-chairman and managing director of Bharti Enterprises took over as president of Federation of Indian Chambers of Commerce and Industry (FICCI) at the conclusion of its 82nd annual general meeting (AGM).
RCB on paper look like a team that can make it to the playoffs and with Dinesh Karthik playing his last IPL, Faf turning 40 and Kohli and Maxwell in their mid-thirties, the Challengers will be determined to win it for the veterans of the team.
The vehicle, a Tavera, was on its way to Jammu from Srinagar and it fell into a 300-foot gorge at the Battery Cheshma area of the district around 1.15 am, they said.
'Industrial countries are still struggling, with a few exceptions, to grow and the uncertainty about growth in the US as well the world is probably what impelled the Fed to stay on hold.'
RBI aiming to bring down headline number to 8% by end of this year and to 6% by the end of next year.
Concerned over banks hiding their actual NPA numbers, RBI Governor Raghuram Rajan on Tuesday said the central bank is "increasingly turning towards taking action" on such divergences.
New Delhi was reluctant to spook investors by clipping the bank's wings
A number of industrial countries are now resorting to populism and this has its own set of political implications.
Rajan was speaking at a news conference.
From a maths perspective, Royal Challengers Bengaluru and Gujarat Titans can still reach the IPL playoffs, but they need to ward off inner gremlins on Saturday to notch a mandatory win to keep that dream flickering.
'The Chinese devalued the yuan initially but then stopped'.
Though the IMF wanted him to continue, his university said it won't extend Rajan's leave.
Describing the BJP's election victory as an "astonishing triumph of Narendra Modi", noted economist Jagdish Bhagwati on Monday advised him to retain Raghuram Rajan as RBI Governor and to hold monthly press conferences to articulate the government's agenda.
The forex kitty swelled for the fifth week in a row during the week ended December 6 to $295.71 billion, adding $4.41 billion. Between August 30 and December 6, the reserves have increased by close to $17 billion.
A few market and economic indicators have begun looking up, thanks to what many term the 'Rajan effect'.
This will be the first major electoral test after the political realignment that emerged in 2019.
The rupee has gained 1.89 percent against the dollar in the month to date and 2.93 percent in the past six months.
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.
Rajan's exit will neither affect the RBI's de facto independence nor its working.
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.
Market participants are impressed that Rajan has set the ball rolling on his first day at RBI with a series of announcements, raising expectations that more are in store.
Rajan's remarks come as the Modi-led government completes one year.
