The speed at which he led the central bank in different areas -- ranging from internal reorganisation to inflation fighting, stabilising the currency, taking on rogue corporations, cleaning up bank balance sheets, and opening the sector -- makes one believe that Rajan knew he had only three years to do his job. A fascinating excerpt from Tamal Bandyopadhyay's MUST-READ Roller Coaster: An Affair with Banking.
The Securities and Exchange Board of India (Sebi) has introduced stricter Key Performance Indicator (KPI) disclosures for initial public offers (IPOs). These new standards, developed in collaboration with industry associations, aim to enhance transparency and provide investors with a clearer understanding of a company's valuation and business performance.
Former Reserve Bank Governor Raghuram Rajan said India will still remain a lower middle country if the potential growth rate remains at 6 per cent annually without any rise in population by 2047 (Amrit Kaal) and will be reaching the end of the demographic dividend by then. Speaking at a programme organised by Manthanon on Saturday, the economist said if the country does not grow faster, it will grow older (demographically) before it gets richer, which means there is the burden of an aging population to deal with also at that point. Rajan said the GDP growth in India for the past two quarters was in the region of 7.5 per cent and if one looks at the labor force participation, it is very low and when it comes to female participation, "it is the lowest in the G20".
Former Prime Minister Manmohan Singh's 1991 budget unshackled India's economy, significantly enhancing the economic prospects for hundreds of millions of Indians, first deputy managing director of the International Monetary Fund (IMF) Gita Gopinath said on Friday.
The jailed gangster had on Thursday moved the court against the web series, saying that the 'use or misuse of the attributes of his personality' without his prior consent amounted to infringement of his 'personality rights' as well as defamation.
Rajan, who is presently lodged at the Tihar jail, sought a stay on the release of the series and an order to take down the trailer.
Shiv Sena-Uddhav Balasaheb Thackeray MP Sanjay Raut on Thursday took a dig at the Bharatiya Janata Party-led central government while raising doubts on its longevity, saying that he has doubts in his mind about whether the Union government will survive after 2026 or not.
The Indian government has established two expert committees aimed at elevating the country's sports performance.
The Mammootty-starrer is a passable procedural, let down by half-baked ideas that don't necessarily come together, observes Arjun Menon.
Former Reserve Bank of India governor Dr Raghuram Rajan -- the Katherine Dusak Miller Distinguished Service Professor of Finance at the University of Chicago -- walked with Congress leader Rahul Gandhi during the Bharat Jodo Yatra in Sawai Madhopur, Rajasthan, on Wednesday, December 14, 2022.
'We should look at is full year's growth rather than quarter numbers.'
The fervour for the India-Pakistan match is so intense that for many beating Pakistan in Dubai seems even more important than winning the Champions Trophy itself, observes K R Nayar, the veteran cricket writer.
Eminent cardiac surgeon Dr K M Cherian, who performed the country's first coronary artery bypass surgery about 50 years ago, has passed away. The veteran surgeon, in his 80s, died in Bengaluru on Saturday after reportedly collapsing during a function. Prime Minister Narendra Modi and Tamil Nadu Chief Minister M K Stalin have expressed their condolences, recognizing Dr Cherian's contributions to cardiology. Dr Cherian, who founded the Frontier Lifeline hospital in Chennai, was a recipient of the Padma Shri award.
'Those seeking short-term benefits are joining the Shinde-led Sena and the ones looking at long-term benefits are joining the BJP.'
Former RBI governor Raghuram Rajan on Tuesday said it is too premature to think that India will replace China when it comes to influencing global economic growth. However, the situation may change going forward as India is already the world's fifth largest economy, it is growing and has the potential to keep expanding. At a World Economic Forum (WEF) press briefing on the recently released Chief Economists Outlook that saw majority of them expecting a global recession in 2023, Rajan said any recovery in the Chinese economy would definitely boost the global growth prospects.
'At the age of 68, I am in the best phase of my life.' 'What I have left of my life, I want to live with dignity.'
'There is need for India-specific pricing.' 'Google, Microsoft and others also have different pricing.' 'It is important for OpenAI to think on these lines as the global pricing may not work in the Indian context.'
During Emergency Indira Gandhi acquired absolute power. Lakhs of political opponents, students, activists were arrested.
Police in Maharashtra have registered two FIRs against BJP general secretary Vinod Tawde, party candidate Rajan Naik and others for allegedly distributing cash to voters at a hotel in Palghar ahead of the state assembly elections. A separate FIR was also registered against BJP and Bahujan Vikas Aghadi functionaries for allegedly attempting to hold a press conference, violating election code of conduct. The incidents occurred on the eve of the Maharashtra assembly polls, with allegations of cash distribution and attempts to influence voters.
A division bench of Justices Revati Mohite Dere and Gauri Godse quashed the sessions court's 2013 judgment acquitting Sharma, terming it as "perverse" and "unsustainable".
rediffGURU Vipul Bhavsar answers readers' personal income tax queries.
Two years after his dismissive stance on India's AI potential raised eyebrows here, OpenAI CEO Sam Altman on Wednesday gave a ringing endorsement to Artificial Intelligence momentum in the country -- and billed India as an important market not just for the new-age technology itself but for the ChatGPT creator as well. In New Delhi on Wednesday, Altman -- while sharing dais with Union IT minister Ashwini Vaishnaw -- said India is the second biggest market for the company and that Open AI had tripled its users here in the last year.
Reserve Bank of India's former governor Raghuram Rajan on Wednesday joined Rahul Gandhi during the Congress-led Bharat Jodo Yatra in Rajasthan.
Jailed gangster Chhota Rajan's close aide Santosh Mahadeo Sawant was arrested by the Central Bureau of Investigation as he landed at Mumbai airport from Singapore, after being on the run for 18 years, officials said on Wednesday.
Sounding a note of caution, former Reserve Bank Governor Raghuram Rajan has said that India is "dangerously close" to the Hindu rate of growth in view of subdued private sector investment, high interest rates and slowing global growth. Rajan said that sequential slowdown in the quarterly growth, as revealed by the latest estimate of national income released by the National Statistical Office (NSO) last month, was worrying. Hindu rate of growth is a term describing low Indian economic growth rates from the 1950s to the 1980s, which averaged around 4 per cent.
According to district officer Hardoi Mangla Prasad Singh, Khan Mubarak (43) had pneumonia and was undergoing treatment for the past several days.
Shruti, who lost her entire family in the Wayanad landslide disaster and later her fianc in a road accident, began a new chapter of hope by joining government service. The state cabinet had recently decided to provide a government job to the young woman, who had endured back-to-back tragedies. She joined the Revenue Department as a clerk in the mountainous district, expressing gratitude to the government for its support during her difficult times.
Shinde had retained most of the sitting MLAs, who chose to be with him when he led the rebellion two years ago. They delivered for him on Saturday when votes for the state polls were counted.
'The critical event signalling a new era for India was Dr Singh's 1991 Budget in which he quoted Victor Hugo to say that no power on earth could stop an idea whose time has come,' recalls T N Ninan.
Ask rediffGURU and PF and MF expert Janak Patel your mutual fund and personal finance-related questions.
Reserve Bank Governor Shaktikanta Das on Tuesday said the fiscal-monetary coordination was at its best during the last six years even as he thanked Prime Minister Narendra Modi for giving the opportunity to head the monetary authority of the country. Das, in a series of posts on X, on his last day of his six-year term as RBI Governor, also thanked the Finance Minister, various stakeholders and his colleagues at the central bank.
The Bahujan Vikas Aghadi supporters gheraoed Vinod Tawde and raised slogans.
Bharatiya Janata Party general secretary Vinod Tawde on Wednesday dismissed the allegations of distributing money to influence voters, saying he was well aware of the rules and not foolish to indulge in such an activity at the hotel of political opponents.
The India Meteorological Department (IMD) on Monday issued a warning of significant rainfall in Kerala due to cyclone Fengal, currently positioned as a strong low-pressure area over northern Tamil Nadu.
Rekhachitram is the latest in an assembly line of films that use the period setting and mythic allure of the past to drive home the suspense of relatively straightforward genre stories, notes Arjun Menon.
'Naseer does not have the sense of humour that Om Puri has. 'Also Om has a great deal of compassion as a human being. Naseer was too focused on his own self.' A fascinating excerpt from Sangeeta Datta's book, Shyam Benegal.
Shaktikanta Das will demit the office on Tuesday after completing six years as the 25th Governor of the Reserve Bank of India. Revenue Secretary Sanjay Malhotra will replace him as the 26th Governor. He was appointed as the Governor on December 12, 2018, after the abrupt exit of Urjit Patel.
Former RBI governor Raghuram Rajan has asked why SEBI has not yet got to the bottom of ownership of the four Mauritius-based funds who are said to have parked 90 per cent of their $6.9 billion in Adani group stocks, saying does the market regulator need help of investigating agencies for this? The funds -- Elara India Opportunities Fund, Cresta Fund, Albula Investment Fund and APMS Investment Fund -- have been under cloud for last couple of years after allegations that they may be shell companies. They came into focus once again in January when a US short seller alleged that Adani Group used offshore shell companies to inflate stock price.
The government has reshuffled the board of IL&FS Ltd, which is undergoing debt resolution process, with existing board member C S Rajan being redesignated as the non-executive chairman. Nand Kishore, who was serving as an executive director, has been made the managing director, according to the company. In the wake of financial misdoings coming to light, the corporate affairs ministry had superseded the board of IL&FS in October 2018.
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