Rajan Committee has evoked divergent reactions from the states.
After his decision to return back to academia, there have been voices suggesting that his candid public speeches were one of the aspects which made the government uncomfortable about reappointing Rajan for another term
CPI inflation has declined by almost a percentage point from July, from close to eight per cent to just above seven per cent.
According to Japanese financial services major Nomura, despite slowing external demand, the domestic growth cycle is improving.
A reading below 50 means contraction in the sector.
However, some analysts say RBI Governor Raghuram Rajan may delay the rate cuts amid mounting concerns over the government's fiscal health.
Rajan said whatever answer he gives on Modi will be 'problematic'
A number of industrial countries are now resorting to populism and this has its own set of political implications.
It would also be the last policy of Rajan
RBI has already come out with a discussion paper on banking sector in India, on which the regulator has invited comments from stakeholders.
To check rising current account deficit, the government has raised import duties and the Reserve Bank of India had imposed curbs on import of the yellow metal and also laid down various pre-conditions for inward shipments of the precious metal.
Rbi cut rates for teh third time to ease economic situation.
RBI may hold rates in Apr; to go for 25 bps cut by June: DBS
RBI had previously cut repo rate by 0.25% each in January and March.
.jpg)
Currently, the cash reserve ratio is pegged at a low of 4 per cent, while statutory liquidity ratio that includes securities such as government bonds, stands at 23 per cent, down from 25 per cent in 2010.
A vibrant financial system could can help finance those who wanted to create jobs.
Free speech is the soul of a great university. By compromising on it, the founders have bartered away its soul, said Rajan.
The appointment will be made by Prime Minister Narendra Modi in consultation with Finance Minister Arun Jaitley.
RBI Governor Raghuram Rajan asked banks to follow suit and pass on the rate cuts.
There is a sharp difference between the total remuneration paid at the public sector and private sector entities
The RBI announced its monetary policy on Tuesday.
Retail inflation measured by the consumer price index has risen sharply across food and non-food constituents, including services, keeping inflation expectations high, the Reserve Bank of India said in its Second Quarter Review of Monetary Policy 2013-14.
The move to make the appointment process more robust comes after last month's arrest of S K Jain, chairman and managing director of Syndicate Bank last month, over graft charges.
The three years at the Reserve Bank have mostly been a string of success stories for Rajan, gaining him common man's adulation even as the free-thinker in him made a few foes who matter more in the corridors of power
A committee headed by Patel recommended retail inflation targeting and a monetary policy committee.
Says GDP growth rate from 2014-15 to 2015-16 will be greater than that of 2014-15 from 2013-14
The cutback on export credit refinance facility is another step towards a shift away from sector-specific liquidity allocations.
The RBI, which has been keeping rates at an elevated level citing the high inflation, wants to bring it down to 6 per cent by January 2016.
While the RBI has been intervening heavily in both spot and forward markets to support the currency, especially when it nears its record lows, there are technical signs that the rupee is set for some near-term consolidation.
As inflation rate is near the upper limit of the comfort zone, experts rule out rate cuts anytime soon
Many officials had been talking of taking the baton of global growth.
The message to bankers from Raghuram Rajan was clear.
We require a very pivotal kind of leadership now from the central bank in order to work with the government
The industry also emphasised on supply-side interventions by the government to tackle persistently high food inflation.
.jpg)
The newly-appointed Governor Raghuram Rajan said on Wednesday Reserve Bank of India will offer a window to banks to swap the fresh FCNR-B dollar funds, mobilised for a minimum tenor of three years and over, at a fixed rate of 3.5 per cent per annum. According to Bank of America Merrill Lynch, "the move should fetch $8-10 billion", adding that the move would help in shifting rupee risks away from NRIs at a time of extreme volatility.
The rupee had ended five paise lower at 61.92 on Tuesday.
The finance minister has said that United Bank has managed to reduce its non-performing assets.
'It's important for India to think about areas where it wants the US to move.' 'We can be far more innovative in what we ask the US.' 'Given that there's a package deal, why not do it?'
.jpg)
A rule change may make Nachiket Mor, among others, eligible to replace Chakrabarty.
Governor Raghuram Rajan has asked his colleagues to ensure that the central bank is not seen as mere "paper tiger" and even rich and powerful wrong-doers are not spared.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances