'Rajan's exit will have a great impact on the economy.'
"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.
Rajan said there was full understanding between him and the Finance Minister Arun Jaitley on setting up of the PDMA
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.
Modi will also need to reconcile market demands with those from forces within his own administration
It has been decided to reduce home loan rate by 20 basis points.
Also says PSU banks divestment to be considered after improvement in governance
The hardening of the Wholesale Price Index follows an uptick in retail inflation.
The rupee has also risen during the period and is now trading below the crucial Rs 60 against the dollar mark.
The Reserve Bank on Wednesday said it plans to issue new bank licences around January, "consistent with the highest standards of transparency and diligence."
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.
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
'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?'
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.
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
Rajan's remarks come as the Modi-led government completes one year.
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.
Rajan had cautioned against any deviation from the fiscal discipline path.
The reason, he said, was the external environment was weak.
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.
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 could opt for a 'deep cut' after winning inflation war, say experts.
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.
These cash shortages increase banks' funding costs, making it harder for them to lower lending rates
The cutback on export credit refinance facility is another step towards a shift away from sector-specific liquidity allocations.
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.
Rajan said in order to export, one needs to be able to import things that go into those exports as cheaply as it can.
Thanks to Rajan we are an inflation-targeting country now
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.
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