'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.
While Raghuram Rajan's departure under these circumstances is a pity, it would be wrong to conclude that the RBI or the economy cannot do without him.
Infrastructure bonds were launched by the RBI last year in a bid to help the government fulfill its plan to provide affordable housing to all by 2022
A reading above 50 denotes expansion while one below means contraction.
A PhD from Chicago-Booth and a top-ranking IIT-IIM alumnus, Krishnamurthy Subramanian is one of the world's leading experts in banking, corporate governance and economic policy
With Raghuram Rajan not 'really there', the FinMin has decided to keep a watch on market developments this week with all key officials on the job.
Based on this screening, the committee may weed out applications that do not meet the eligibility yardstick or the 'fit and proper' criteria for securing a licence.
The recovery in manufacturing is still likely to prove "protracted" given the lingering structural constraints.
Bajaj hit out at banks for not passing the entire benefits to consumers.
Dhoot stated that Value Industries has not withdrawn the application and has only sought clarifications from RBI on certain issues.
To the question on what comes first, clean up or growth, Rajan said the answer is unambiguously 'Clean up!'
'The Chinese devalued the yuan initially but then stopped'.
The Indian Met Department has predicted a below normal monsoon.
The Reserve Bank of India unexpectedly raised its policy interest rate on Tuesday by 25 basis points (bps) but said that if consumer price inflation eases as projected, it does not foresee further near-term tightening.
'Lower rates are only part of the solution and sometimes not the right solution at all.'
Rajan said expecting the government to provide all solutions wasn't right.
'When there is no middle ground possible between the government and the governor, the governor has to go.'
RBI Governor flayed easy monetary policy of central banks in advanced economies saying it is "more cause than medicine".
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The rupee resumed slightly lower at 62.05 per dollar as against the last weekend's level of 62.04 at the Interbank Foreign Exchange market. It recovered to 61.88 per dollar before quoting 61.93 at 1045 hours.
Rajan also said the outlook for agriculture is subdued, in view of both rabi and kharif prospects being hit by monsoon vagaries.
Of the 52 economists polled, 50 expect the policy repo rate to remain at 7.25 per cent, and 47 of 48 respondents see the cash reserve ratio, or the portion of deposits banks have to maintain with the central bank, unchanged at 4 per cent.
Over to the government how they manage the uncertainty of monsoon and revive spending in order to entice RBI for another round of rate cuts
Industrial production was seen growing 1.8 per cent from a year earlier in July, slower than June's 3.4 per cent increase, according to the median consensus in a poll of 31 economists.
Rbi cut rates for teh third time to ease economic situation.
The status quo decision came as a breather as only last week the RBI had pulled up banks for not helping it in monetary policy transmission.
Given the stability of the rupee over the last 10 months, many companies have been tempted not to hedge their foreign currency risk.
Rajan said whatever answer he gives on Modi will be 'problematic'
The RBI is exploring ways to allow banks more flexibility in loan restructuring.
State Bank of India does not levy any charge for non-maintenance of a minimum balance in basic savings account.
There are 350,000 jewellers, of which 13,000 are BIS-certified.
A number of industrial countries are now resorting to populism and this has its own set of political implications.
He will be the eighth Deputy Governor to be made Governor at RBI
After making a larger-than-expected cut of 50 basis points on September 29, Rajan urged the federal government to do its bit to accelerate growth through structural reforms.
A vibrant financial system could can help finance those who wanted to create jobs.
Says GDP growth rate from 2014-15 to 2015-16 will be greater than that of 2014-15 from 2013-14
However, some analysts say RBI Governor Raghuram Rajan may delay the rate cuts amid mounting concerns over the government's fiscal health.
RBI Governor Raghuram Rajan asked banks to follow suit and pass on the rate cuts.
It's time the regulator did some introspection.
RBI has already come out with a discussion paper on banking sector in India, on which the regulator has invited comments from stakeholders.
In policy review meet in June, RBI Governor Raghuram Rajan kept interest rates intact.
