Not only were Urjit and Rajan outsiders, they also hired laterally, bypassing the existing talent, especially in the field of economics
The RBI expects inflation in 2015 to hover around 6 per cent -- its target for January 2016 -- and sees risks to the target evenly balanced.
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Reliance, Birla Group, Airtel eye small finance banks.
The Reserve Bank had kept policy rate unchanged in its review on April 7.
'Trust your new governor,' Omkar Goswami advises RBI Deputy Governor Viral Acharya. 'Just because he is from the IAS and doesn't carry a PhD from a US university does not make him unsuitable for the task.' 'If anything, Das will pour oil on troubled waters, and save the RBI's reputation.'
Free speech is the soul of a great university. By compromising on it, the founders have bartered away its soul, said Rajan.
Increased demand for the dollar weighed on the local currency.
According to HSBC, the 'storm has abated' for the Indian markets as the US Fed has deferred tapering of its quantitative easing stimulus, and as the new Reserve Bank of India Governor Raghuram Rajan has taken steps to contain the rupee fall.
Financial services firm AnandRathi analysed the key points of the policy soon after it was announced.
In the mid-quarter monetary policy review last month, RBI Governor Raghuram Rajan had left the key policy rate unchanged, after raising it 50 bps in two instalments since he took over on September 4, saying he was waiting for more data clarity.
The rapid deceleration in prices has ignited a debate in New Delhi whether Asia's third-largest economy is heading towards deflation.
On price rise, HSBC said that the rate of cost inflation decelerated sharply while output prices were unchanged.
The committee had eminent people on it and making any allegations like this is 'outlandish', Sitharaman said.
She said 30 basis points (0.30 per cent) rate cut has already happened.
RBI Governor Raghuram Rajan has said falling oil prices act as a cushion for CAD, adding it is time India does away with restrictions on gold imports
State-owned banks account for more than two-thirds of the sector's assets and about 85 percent of bad debts
RBI likely to cut rate early next year.
The WPI has been in the negative zone since November.
RBI will take a cue from the Fed policy statement.
Wholesale price-based inflation eased to a nine-month low of 4.68 per cent in February, while retail inflation slowed to a 25-month low of 8.1 per cent.
The task force will look at emerging markets, technology, regulatory and monetary policies, loss of trust in financial services, and financial inclusion.
Recpaitalising banks through taxpayers' money will not solve the NPA problem.
Consumer prices were forecast to have risen 10.00 per cent annually last month, barely changed from the 10.09 per cent clocked in October.
RBI will be cautious easing rates further given oil price uncertainties
RBI had previously cut repo rate by 0.25 per cent each in January and March.
State Bank of India on Friday reduced its deposit rates by 0.25 per cent, making it the third bank after private sector rivals, ICICI Bank and HDFC Bank, to reduce deposit rates this week.
Will Arundhati Bhattacharya be the RBI's first woman governor? Or will Urjit Patel succeed Raghuram Rajanas RBI governor when his term ends on September 4?
A reading below 50 means contraction in the sector.
A reading above 50 represents expansion while one below means contraction.
Highly-placed sources in the government say that none of the senior ministers had any inkling of Patel's resignation
The April-June quarter GDP slipped to 7 per cent from 7.5 per cent.
In the RBI's monetary policy statement review, Governor Raghuram Rajan said banks could extend timelines for large stalled projects by bringing in new 'promoters', or owners.
Referring to the proposed new monetary policy framework, it said in the weeks ahead, government and RBI will work towards it.
India Inc has pitched for rate cut to boost economic activities.
RBI governor Raghuram Rajan is likely to cut rates in next monetary policy.
The global financial services major had earlier said that the central bank would keep its policy rates on hold.
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On the Congress accusing BJP of hypocrisy for its failure to disclose names, Jaitley said the Congress got it all wrong because media "completely misreported" the case.
'One of the nice things about being a central bank governor is that the markets hang on every word you say'.
Shaktikanta Das is a master of the finest balancing act who listens to all but takes his own decisions, discovers Tamal Bandyopadhyay.
India's exports shrank in January for the 14th straight month on continued weak demand from Europe
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