Rajan said whatever answer he gives on Modi will be 'problematic'
RBI Governor Raghuram Rajan stressed that trade, immigration and capital flows must not be hindered.
Even before Prime Minister Narendra Modi swept to power in 2014, Subramanian Swamy was agitating for Rajan's removal.
Rajan's last day at Tata Sons, where he has worked since the 1990s, will be March 31.
Raghuram Rajan is said to have informally written to select policymakers and experts, to curb 'unnecessary' speculation over his future at RBI.
Even if Modi had wanted Rajan out, the government could have done it with some finesse and tact.
Maharashtra recorded a voter turnout of 58.22 per cent till 5 pm on Wednesday in the elections to the 288-member state legislative assembly, with Gadchiroli district logging more than 69 per cent voting, poll officials said.
Perhaps because the Modi government had some differences of opinion with two of the economist governors (one of whom was appointed by the Manmohan Singh government), there is a view that its political leadership prefers a civil servant to head the RBI, notes A K Bhattacharya.
"I think, this is something that all Indians should be concerned about because strength of our institutions is really important for our growth, sustainable growth and equity in the economy," said Rajan.
The government seemed unhappy with Raghuram Rajan's interest rate policy.
Rajan said that while there were talks about Jan Dhan, it was difficult to target transfers to people through this tool. Jan Dhan, he said, does not really work as advertised.
Thanks to Rajan we are an inflation-targeting country now
Terming the 23.9 per cent fall in economic growth in the June quarter alarming, former Reserve Bank Governor Raghuram Rajan has said bureaucracy should come out of complacency and take meaningful action. The current crisis requires a more thoughtful and active government, he said, adding, "Unfortunately, after an initial burst of activity, it seems to have retreated into a shell."
To a question related to RBI's policy rate, Rajan said no amount of interest rate cut is going to help if credit growth is weak.
Six out of eight monetary policies announced by him during his entire tenure so far have been on Tuesdays
As the global economy sways into uncertain territories and domestic prices almost certain to rise, Raghuram Rajan's ideas would have come in handy.
Politicians from the Left and the Congress party in Kerala have rallied behind Malayalam superstar Mammootty, who is facing online harassment from certain right wing sympathisers in connection with his 2022 film, Puzhu.
Rajan said the process of dialogue with the government did not reach a stage where he could have agreed to stay on
The country has come a long way in the process of financial inclusion, Raghuram Rajan said, but "still has a way to go".
The Central Bureau of Investigation has started questioning gangster Chhota Rajan in Tihar prison in connection with journalist Jyotirmoy Dey murder case.
Raghuram Rajan said the head of the central bank should have a fixed tenure of more than three years as the current term was too short.
Making light of his critics, he also said there are people who send him 'anonymous thank you notes' even when he on a plane.
'Helicopter drop' was first proposed as an alternative to quantitative easing.
Rajan, as expected, furthered his predecessors' agenda and continued with the same resolution to make India's financial system safer, and direct the economy towards further liberalisation
Bharti Airtel on Monday reported a 168 per cent year-on-year rise in consolidated net profit to Rs 3,593 crore for the September quarter, and the company unveiled top-level changes, including Gopal Vittal moving into the role of executive vice chairman on January 1, 2026. India's second-largest telco - that competes with Reliance Jio and Vodafone Idea in the Indian telecom market - clocked quarterly revenues of Rs 41,473 crore, 12 per cent higher than the year-ago period, aided by strong momentum in India and growth in Africa.
Rajan said that even though inflation has breached the 6 per cent mark as against the RBI target of getting it down to 5 per cent by March 2017, the price rise scenario will ebb in future
Revealing his original name to immigration authorities when asked to step out of the queue at Bali in Indonesia landed underworld don Chhota Rajan in the security net and he was arrested soon after.
There is a sharp difference between the total remuneration paid at the public sector and private sector entities
'I would say restore the banks to health, get active board composed of professionals, then there will be an ideal situation for merger.'
Inheritance tax only helps the lawyers: Rajan
To the question on what comes first, clean up or growth, Rajan said the answer is unambiguously 'Clean up!'
Raghuram Rajan's signal of a neutral stance is at odds with concerns about inflation and markets' revised expectation of more increases in the repo rate
Rajan said an interest rate cut won't by itself lead to higher economic growth
Never one to mince words, Rajan will walk away with a mixed legacy
Zzungry said it had introduced limited edition of 'Ulundu kozhukattai' and 'Kova kozhukattai' that are inspired from the cuisines of two states that hold great relevance in the life of Raghuram Rajan.
Subramanian Swamy has been critical of Rajan for not lowering interest rates earlier to boost growth.
DBS called Rajan's decision not to seek an extension as a 'negative surprise'.
"I think the Governor has been doing a great job for the country and we would certainly see it as a very positive move if he were reappointed," Naushad Forbes, president, CII.
Following up on his barb last week that Rajan should be sent back to Chicago, BJP MP Subramanian Swamy has written a letter to the Prime Minister saying how a person appointed by the UPA government should be continued in the post.
Raghuram Rajan rejected the argument that inflation has come down largely because of "good luck" stemming from low oil prices.
