Gopalakrishna's name was in the reckoning for Deputy Governor in place of Anand Sinha who retired in January.
The industrial output for the third month in a row remained in the negative territory, contracting 1.5% in January
Jaitley has made it a habit of giving soundbytes to the media like his predecessors on why RBI should cut interest rates
Raghuram Rajan said the head of the central bank should have a fixed tenure of more than three years as the current term was too short.
Former RBI governor Raghuram Rajan on Monday said the central bank will have to raise interest rates to tame inflation and the hikes need not be considered by politicians and bureaucrats as some "anti-national" activity. Known for his frank views, Rajan also said it was important to remember that the "war against inflation" is never over. "Inflation is up in India. At some point, the RBI will have to raise rates, like the rest of the world is doing," he said in a LinkedIn post.
The Reserve Bank has reduced interest rate by 150 bps since January 2015.
The comments assume importance as the traditional position of the central bank has been not to set a forex reserves target.
Reserve Bank of India Governor Raghuram Rajan said, in an election year, it is better to be ready for any eventuality.
Dr Rajan is a person of very high caliber
Indian economy grew at 7.9 per cent in fourth quarter of 2015-16.
In January 2003, the American Finance Association awarded Rajan the inaugural Fischer Black Prize for the best finance researcher under the age of 40.
DBS called Rajan's decision not to seek an extension as a 'negative surprise'.
The EC is yet to decide on RBI's request to grant new licences during the election season.
Rajan, as expected, furthered his predecessors' agenda and continued with the same resolution to make India's financial system safer, and direct the economy towards further liberalisation
Never one to mince words, Rajan will walk away with a mixed legacy
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.
Rajan will evolve a policy with the help of professional persons for a national consensus if we have to carry on with implementing social and economic changes in a complex economy.
Rajan also reiterated his view on the growth rate being inextricably linked with curbing inflation.
'Dr Rajan is often preachy with commandments aimed at nobody in particular,' complains M S Sriram.
After the e-mail was received, the RBI officials alerted the police.
A day after the Reserve Bank of India's monetary policy review, the RBI Governor talked to journalists on related issues.
Raghuram Rajan's 'surgery' uncovers more bad loans
The current account deficit, which is the difference between inflow and outflow of foreign exchange, rose to a record high of 4.8 per cent of GDP in 2012-13, from 2.8 per cent in 2010-11.
A panel headed by Reserve Bank of India deputy governor Urjit Patel recommended in January moving to an inflation target.
Raghuram Rajan said on Friday it is not clear India needs a so-called "bad bank.
'We have 100,000 students going abroad every year.' 'So, we have room for at least 100 universities of very high quality to service those 100,000 students.'
Rajan's appointment will be perceived as a positive development.
'India's biggest loss is that we will not have anyone as principled and as courageous as Rajan.'
He doesn't expect banks to raise interest rates, as they'd not reduced these after the policy rate cuts in May and March.
The RBI Governor also reiterated his reservation against repeated loan waivers by various state governments, saying the move distorts credit pricing, thereby also disrupting the credit market.
While achieving an eight per cent retail inflation rate by January 2015 is well within reach, Reserve Bank of India Governor Raghuram Rajan notes there is a second target, of six per cent by 2016.
RBI governor highlights the role of fate in his career at a meeting of the IIM-A alumni.
Finance Minister Arun Jaitley said in a Twitter post that the government appreciated all of Rajan's good work and respected his decision
RBI governor Raghuram Rajan says a cut in cash reserve ration will not at all impact lending rates.
Indian bond yields fell on Friday after Rajan's remarks, showing the level of concern about high inflation and investors' anticipation that the RBI will continue efforts to stabilise the economy.
Rajan also expressed hope that a stable government after the Lok Sabha elections will continue the broad fiscal policies of the current regime and India may finally get the Goods and Services Tax, an ambitious indirect tax reform measure.
...but when they awaken, it's going to be overly optimistic to assume everybody will walk off the sleeping bed and come back to full life, Rajan noted.
Reserve Bank of India (RBI) Governor Raghuram Rajan spoke on a host of issues at his last post-policy interaction with the media
Rajan has already warned he does not have a 'magic wand' to deal with India's economic crisis.
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