"The world is in general equilibrium. A small change in one parameter effects changes in all variables. So Krishna advised: Sukh Dukhe...," Subramanian Swamy tweeted.
'Das is friendly, but he finally does what he does. The quality of engagement is very good.'
There is nothing wrong with government and RBI having conflicting opinions.
The minister said she has already taken up the matter with the Finance Ministry.
Also says PSU banks divestment to be considered after improvement in governance
Modi will also need to reconcile market demands with those from forces within his own administration
The rupee has also risen during the period and is now trading below the crucial Rs 60 against the dollar mark.
The hardening of the Wholesale Price Index follows an uptick in retail inflation.
It has been decided to reduce home loan rate by 20 basis points.
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.
The Reserve Bank on Wednesday said it plans to issue new bank licences around January, "consistent with the highest standards of transparency and diligence."
Worries over Greece sparked a sell-off in emerging markets on Monday
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.
Raghuram Rajan said a six-member monetary policy committee will decide on interest rates.
An early choice will also allow Mr Rajan to do some hand-holding.
India's consumer price inflation dropped to 5.4 per cent in June
The friction with the political class is not only about interest rates and monetary policy. While the government often spoke freely about its discomfiture, the RBI had to be careful even in its response to the government as any loose statement would affect the markets.
Rajan's remarks come as the Modi-led government completes one year.
On the controversy surrounding the GDP numbers based on new calculations, he said statisticians have done as good a job as they can and economic growth is significantly high as costs have come down
RBI Governor Raghuram Rajan in his maiden policy review, however, eased liquidity though a reduction in the marginal standing facility rate, at which banks borrow from the central bank, by 0.75 per cent to 9.5 per cent.
The report said that "we believe, institutions are more important than individuals" and ultimately what is important is the credibility and the independence of any institution and nothing else.
The reason, he said, was the external environment was weak.
Rajan had cautioned against any deviation from the fiscal discipline path.
In its first bi-monthly policy, the RBI, in order to enhance hedging facilities for foreign investors in debt instruments, proposed to allow them to hedge the coupon receipts falling due during the next 12 months.
According to report by Dun and Bradstreet, central bank expected to maintain status quo on policy rate.
RBI could opt for a 'deep cut' after winning inflation war, say experts.
Bharatiya Janata Party leader Subramanian Swamy on Sunday once again attacked Raghuram Rajan on the monetary policy, over a month after Prime Minister Narendra Modi had disapproved of his criticism of the Reserve Bank of India chief.
RBI Governor Raghuram Rajan on Friday pitched for incentivisation of domestic savings to boost investments in the country.
The stress in the banking sector, which mirrors the stress in the corporate sector, has to be dealt with in order to revive credit growth.
India on Saturday favoured greater mobility of skilled labour
The RBI Governor had earlier cautioned the banks on the risks involved in just hunting for numbers, asking them not to compromise on core objectives of the programme.
The cutback on export credit refinance facility is another step towards a shift away from sector-specific liquidity allocations.
These cash shortages increase banks' funding costs, making it harder for them to lower lending rates
Corporate houses believe RBI must cut rates to boost investment in the system.
Raghuram Rajan called for purposeful and effective action to counter the atmosphere of cynicism, which has slowed down the decision making process.
Thanks to Rajan we are an inflation-targeting country now
Rajan said in order to export, one needs to be able to import things that go into those exports as cheaply as it can.
Brokerage firm Bank of America Merrill Lynch (BofA-ML) on Monday said the ongoing US government shutdown is positive for the country, as it gives additional time to recoup the forex reserves.
RBI is expected to discuss about the impact of GST in its monetary policy.
CPI inflation has declined by almost a percentage point from July, from close to eight per cent to just above seven per cent.
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