The government seemed unhappy with Raghuram Rajan's interest rate policy.
Arun Jaitley had promised to provide more than the budgeted amount.
Indian economy has good fundamentals and sizeable foreign reserves, RBI Governor Raghuram rajan said.
He was responding to a question on economic reforms in the country.
In a recent article, Rajan has ridiculed critics of the exchange rate policy.
NITI Aayog's Rajiv Kumar accused former prime minister Manmohan Singh and senior Congress leader P Chidambaram of creating a 'false narrative'
"I am an academic and I have always made it clear that my ultimate home is in the realm of ideas," Rajan said in a letter to staff.
Giving details of Rajan's 'course schedule' for 2016-17, Chicago Booth School said this course will explore the challenges of corporate finance and investment in a more integrated global economy.
There is nothing wrong with government and RBI having conflicting opinions.
The facility will be open till November 30.
The RBI said that the impact of unseasonal rains is still unfolding.
The RBI working group's proposal to allow corporate houses to set up banks is a 'good-looking' step in a 'bad direction' and may lead to crony capitalism and eventual financial instability, former chief economist of World Bank Kaushik Basu said on Thursday. Basu further said that there is a good reason why all successful economies have a clear dividing line between industries and corporations on the one hand, and banks and lending organisations on the other.
RBI governor does not want to move in haste for achieving financial inclusion.
To the question on what comes first, clean up or growth, Rajan said the answer is unambiguously 'Clean up!'
RBI Governor flayed easy monetary policy of central banks in advanced economies saying it is "more cause than medicine".
The new government will face four big challenges -- subdued growth, the fiscal and current account deficits and sticky inflation, RBI Governor Raghuram Rajan said.
The RBI Governor brought down retail inflation to 3.8% in July.
Rajan has been facing continuous attacks by Bharatiya Janata Party MP Subramanian Swamy and some other sections, who have alleged that he has failed to lower interest rates and boost the economy
Second authentication for small value payments through credit cards can be reduced subject to conditions.
Corporate houses believe RBI must cut rates to boost investment in the system.
The RBI working group's proposal to allow corporate houses to set up banks is a "bombshell" and at this juncture, it is more important to stick to the tried and tested limits on involvement of business houses in the banking sector, according to an article jointly written by former RBI Governor Raghuram Rajan and ex-Deputy Governor Viral Acharya. They also said that the proposal is "best left on the shelf".
It has been decided to reduce home loan rate by 20 basis points.
Modi will also need to reconcile market demands with those from forces within his own administration
'Das is friendly, but he finally does what he does. The quality of engagement is very good.'
The new pay scale will come into effect from January 1.
The Reserve Bank on Thursday said it has put in place contingency plans to infuse liquidity into the system to deal with any possible volatility in markets on Friday in view of the election results.
RBI could opt for a 'deep cut' after winning inflation war, say experts.
Mundra fills the vacancy created by the retirement of KC Chakrabarty in April, two months before his five-year tenure was come to an end.
'My immediate objective is to start thinking about research once again. Start understanding the world we are in which has changed quite a bit.'
'Access to finance is one of the most crucial needs in the economy.'
The Reserve Bank on Wednesday said it plans to issue new bank licences around January, "consistent with the highest standards of transparency and diligence."
Subramanian, a senior fellow at the Peterson Institute for International Economics in Washington, attended a news conference in New Delhi at which his appointment was announced.
Raghuram Rajan said a six-member monetary policy committee will decide on interest rates.
Raghuram Rajan explains the rationale for his policy stance and other issues.
'With his envious academic record, extraordinary research calibre and unparalleled work experience, we can trust him to become the first Indian -- fully Indian, not one of those Americans of Indian origin -- to win the Nobel Prize in Economics,' says Sudhir Bisht.
The rupee had closed at 60.1550/1650 per dollar on Monday.
Following the meeting, Subbarao said the central bank will look into the latest inflation numbers before coming out with the monetary policy review.
The report said the import cover has gone down to seven months, last seen in 1998 and hence, RBI will focus on recouping the reserves.
The country has a long way to go before it claims to have arrived, he said.
The Governor said RBI does not limit itself too much when there is uncertainty.
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