The remarks come amid speculation that Rajan had feared elimination at the hands of Chhota Shakeel, the closest aide of underworld don Dawood Ibrahim.
"My remarks are motivated by the desire for a more stable international system, a system that works equally for rich and poor, large and small, and not the specifics of our situation," Raghuram G Rajan, Governor, Reserve Bank of India said at the Brookings Institution on April 10, 2014.
Reserve Bank of India (RBI) Governor Raghuram Rajan's decision to cut rates last week surprised even top officials.
The Supreme Court decision to cancel the allocation of 214 coal blocks will have bearing on thermal power plants, in which the banks have put in more than Rs 1 lakh crore (Rs 1 trillion) as loans.
Rate cuts are a natural consequence that the RBI has no hesitancy in delivering.
Mallya, whose Kingfisher Airlines owes money to several banks, had on Thursday said he will challenge UBI's decision to declare him a willful defaulter.
A student of IIT-Benares Hindu University, Varanasi, was allegedly molested and stripped by three motorcycle-borne men, who also recorded a video of the act, near her hostel, the police said on Thursday.
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The truth is the government and the Reserve Bank enjoy a free, frank and cordial relationship.
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The year-end should not be a time for any spectacular changes in the banking system and must pass smoothly, Rajan told reporters after announcing the bi-monthly monetary policy, which left key policy rates unchanged.
He endorsed transparency and financial stability in addition to issues related to inclusive growth and development, write Puran Singh and Nupur Pavan Bang.
Media has gone beyond its traditional boundaries.
The agency says that it is exempted from the Right to Information Act.
India is better prepared to deal with any further US Fed tapering, but the country needs to remain vigilant to face eventualities, Reserve Bank Governor Raghuram Rajan said.
Raghuram Rajan panel report has made a case for ending the 'special category' criteria.
Over to the government how they manage the uncertainty of monsoon and revive spending in order to entice RBI for another round of rate cuts
Dr Rajan has clearly sought to establish his credentials as an inflation fighter and the action should be seen as an indication of how monetary policy will operate during his term.
Rajan's appointment will be perceived as a positive development.
The Centre's fiscal consolidation resolve led to the cut in banks' mandatory SLR for the second time in a row, RBI Governor Raghuram Rajan said on Tuesday, hinting at more such liquidity enhancing steps in tandem with the government's action on fiscal deficit.
It would be beneficial for the economy to hold on to high interest rates till inflation numbers are under control.
The Reserve Bank of India had taken steps to tighten liquidity in a bid to curb volatility in the forex market after the rupee fell to a record low of 61.21 to the dollar on July 8.
Last August, RBI gave in-principle approval to 11 applicants.
Lauding the pro-reforms approach adopted by Reserve Bank of India Governor Raghuram Rajan, industry body Confederation of Indian Industry on Thursday expressed the hope that the central bank would shift towards an expansionary monetary policy by cutting interest rates to stimulate growth.
The RBI guv said global economy is actually recovering, though slowly
The rupee has also risen during the period and is now trading below the crucial Rs 60 against the dollar mark.
All eyes are on new Reserve Bank Governor Raghuram Rajan who will come out with his maiden monetary policy review on Friday amid conflicting demands for rate cut and an urgent need to contain inflation which soared to 6-month high of 6.1 per cent in August.
The RBI kept its key policy repo rate unchanged at 8.0 percent in its recent monetary policy.
The Enforcement Directorate has arrested four persons including the MD of the Lava International mobile company and a Chinese national as part of its ongoing money-laundering probe against Chinese smartphone-maker Vivo, official sources said on Tuesday. They identified the four as Hari Om Rai, the MD of Lava International company, Chinese national Guangwen Kyang, chartered accountant Nitin Garg and a person called Rajan Malik. They have been taken into custody under the provisions of the Prevention of Money Laundering Act (PMLA).
Rajan, further said, the government was not contemplating more steps to curb gold import, and significant reduction was likely in June.
The arrests have been made by officials of Sector 126 police station as part of a crackdown on narcotics ordered by police commissioner Laxmi Singh, deputy commissioner of police (Noida) Harish Chander said.
Amazon Prime Video has announced a huge number of assorted Web series and movies, and the slate sure looks interesting.
RBI governor Raghuram Rajan says, laws must be tightened for freeloaders.
Raghuram Rajan on Tuesday said the central bank cannot ask them to lower the rates.
Rajan, who will complete a month as the governor of Reserve Bank of India on Friday has already succeeded in restoring calm in the foreign exchange market.
On September 4, at a time when the rupee was the worst performer among Asian currencies, Raghuram Rajan took charge as RBI's governor.
However, there were conflicting reports about the number of blasts as state ministers VN Vasavan and Antony Raju said there were two blasts, while Congress MP from Ernakulam, Hibi Eden, said there were multiple blasts according to one of his friends who attended the convention.
Given their stability, the rupee and the renminbi (Chinese currency) -- when made convertible -- could well emerge as substitute currencies which countries will hold their reserves, stated Raghuram Rajan, Economic Advisor to the Prime Minister and Professor of Finance at the Chicago Graduate School of Business, on Wednesday.
RBI data show one-fifth of all the infrastructure loans are stressed and the share of such loans in overall stressed assets is nearly a third.
Journalist Jigna Vora, arrested in the murder of senior crime reporter J Dey, invited the suspicion of investigators when she claimed she never spoke to gangster Chhota Rajan on phone, an assertion not backed by facts, police said on Monday.
An unexpected devaluation of yuan saw it plunge the most in 20 years.
Finance Minister Arun Jaitley said the Reserve Bank and the Finance Ministry have "very mature level of consultation" and it wasn't fair to comment on them.
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