Interview with former Reserve Bank of India governor by Duvvuri Subbarao.
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.
Nudging the RBI to cut interest rates to boost growth, Finance Minister Arun Jaitley on Sunday said he had already made his mind clear and hoped the central bank will take decision after taking into account various factors.
Rajan had cautioned against any deviation from the fiscal discipline path.
In the latter half of the year, there would be some economic recovery and return to normal business conditions.
Modi will also need to reconcile market demands with those from forces within his own administration
Many officials had been talking of taking the baton of global growth.
Tomorrow's review could also turn out be the last policy anchored by Rajan if the proposed Monetary Policy Committee (MPC) is put in place before the next review due on August 9.
The Jalan panel has recommended to the RBI to keep shady entities out of banking licence race.
A vibrant financial system could can help finance those who wanted to create jobs.
The mergers will not involve any cash but only share swaps
The minister said she has already taken up the matter with the Finance Ministry.
RBI Governor Raghuram Rajan asked banks to follow suit and pass on the rate cuts.
PM has asked the Reserve Bank to prepare a 20-year road map for financial inclusion
A reading above 50 means the sector is expanding, while a reading below 50 means contraction.
Going by its past experience of differences between the central bank and the finance ministry, the government might prefer a person who could bridge this gap.
Rbi cut rates for teh third time to ease economic situation.
The recovery in manufacturing is still likely to prove "protracted" given the lingering structural constraints.
The candidate will be expected to have at least two to three years of remaining service.
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.
Governor Raghuram Rajan lowered the benchmark repurchase rate to 7.75 per cent from 8 per cent, the first reduction since May 2013.
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The rate cut, the industry chambers argued, could have given a positive signal to the manufacturing sector, which is undergoing difficult times.
The mood at the Indian Institute of Management, Ahmedabad (IIM-A) is festive, with one of its alumnii, Raghuram Rajan taking over as the next Reserve Bank of India (RBI) governor.
Retail inflation measured by the consumer price index has risen sharply across food and non-food constituents, including services, keeping inflation expectations high, the Reserve Bank of India said in its Second Quarter Review of Monetary Policy 2013-14.
Dr Raghuram Rajan's departure holds lessons for all, be it sections of the media, politicians or the people themselves. We need to learn how to value and retain talent. At the same time the talented must realise that talent alone does not ensure the top job, says Sanjeev Nayyar.
The move to make the appointment process more robust comes after last month's arrest of S K Jain, chairman and managing director of Syndicate Bank last month, over graft charges.
The bank chiefs have also cancelled the customary media conference after the bi-annual policies.
CPI inflation has declined by almost a percentage point from July, from close to eight per cent to just above seven per cent.
Banks in India must have a modern approach, suggests a panel comprising of banking bigwigs.
ICICI Bank chief Chanda Kochhar on Wednesday said the country has many positives like high forex reserves, and low current account and fiscal gaps, which can help it weather the ongoing volatilities.
As the clean-up has taken hold, loan growth slipped to 10.7 per cent in the last fiscal
The probe into selections for banks such as Bank of Baroda and Canara Bank followed the arrest of Syndicate Bank CMD S K Jain for alleged graft.
The change from wholesale to retail inflation as an anchor means that the weightage of diesel in inflation has decreased
According to Japanese financial services major Nomura, despite slowing external demand, the domestic growth cycle is improving.
India's industrial output unexpectedly contracted 4.2 percent year-on-year in October, dragged down by a fall in the manufacturing and the capital goods sector, government data showed on Friday.
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.
Emphasising that revival of growth should be the number one priority of the RBI at this time, industry groups said apprehensions about inflation rearing its head again may prove to be misplaced.
EC received the RBI proposal in the first week of this month, soon after the model code of conduct came into force on March 5.
When he didn't respond (Mr Saver has lost count of how many relationship managers he has had in the past few years!), the gentleman landed up at his doorstep and started pleading with him to open fixed deposits with the bank, observes Tamal Bandyopadhyay.
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