Rajan also said weak results from India's corporate suggested final demand is yet to pick up strongly.
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.
RBI Governor Raghuram Rajan plans to write on 'academic issues' after leaving the Reserve Bank.
RBI Governor Raghuram Rajan on Friday pitched for incentivisation of domestic savings to boost investments in the country.
Special CBI Judge Vinod Kumar said this after the agency informed the court that there was a "serious life threat" to Rajan from various underworld mafia groups and intelligence inputs have been received in this regard.
Rajan said that central banks should not ignore global responsibilities.
Reiterating his earlier stance, BJP's Rajya Sabha member Subramanian Swamy has written a letter to Prime Minister Narendra Modi, asking him to sack RBI Governor Raghuram Rajan.
According to immigration sources, the time of Rajan's deportation will be made clear by the Interpol after they quiz him and a final clearance is issued.
"I would hope that the government would very respectfully request him to continue for one term or my preference would be two terms," Narayana Murthy said.
RBI Governor Raghuram Rajan on Tuesday kept the repo rate unchanged 6.50 per cent.
A joint team of CBI and police officers has left for Indonesia to seek deportation of underworld don Chhota Rajan, two days after India wrote a letter to the authorities there for his return to face trial in various criminal cases registered against him.
Reserve Bank Governor Raghuram Rajan on Friday said banking sector will see major changes in the coming years.
The State Bank of Travancore has suspended 'Raghav Rajan', the probationary officer working with them and said to be Bitti Mohanty, convicted in the 2006 German woman rape case and now in police custody seven years after he jumped parole.
'Access to finance is one of the most crucial needs in the economy.'
Former Finance Minister P Chidambaram said he was "disappointed and profoundly saddened" by Rajan's decision against a second term, but was not surprised by the development
Justice Rohit Rajan Agarwal made the observation while rejecting the bail application of one Kailash, who is accused of being involved in the religious conversion of several people from a village here.
Rajeev Srinivasan tells how he came very close to being another number in the 'disappeareds' during the Emergency.
"I am an academic and I have always made it clear that my ultimate home is in the realm of ideas," Rajan said in a letter to staff.
Raghuram Rajan becomes the 23rd governor of Reserve Bank of India.
RBI Governor Raghuram Rajan on Friday said keeping inflation low is the key task for sustainable economic growth of the country.
Dr Rajan is a person of very high caliber
Centre to take a call only in August, just a month before his three-year term ends.
Rajan also said it's a problem of collective action and not a problem of industrial nations or emerging markets
The solution to this problem lies only in making the system more efficient, he said.
In the past, there have been instances of people getting fake e-mails in the name of RBI.
While he has plenty of critics at home, Rajan is a favourite among foreign investors and has been credited for bringing inflation under control.
'There are lots of low hanging fruits and often no real impediment to plucking them.'
Rajan says, this is a time where countries should be focusing on getting the macro stability in order
Maharashtra Chief Minister Devendra Fadnavis on Monday said the decision to hand over all the cases against underworld don Chhota Rajan to the Central Bureau of Investigation was taken on the advice of Mumbai police, and dismissed suggestion that it was because of his allegation about a nexus between some police officers and rival gangster Dawood Ibrahim.
Rajan said the central bank has used up all its "space available" to cut interest rates
The underworld don has written a letter to the Indian consulate speaking of a threat to his life in the Bali prison.
Finance Minister Arun Jaitley said RBI and the government are in continuous dialogue and that relationship will continue.
RBI governor is seen succeeding International Monetary Fund (IMF) chief executive officer, Christine Lagarde, next year.
Indian bond yields fell on Friday after Rajan's remarks, showing the level of concern about high inflation and investors' anticipation that the RBI will continue efforts to stabilise the economy.
Rajan addressed a group of investors in Boston on Thursday.
In the global context, the country "stands out" in terms of relatively stronger growth and improved economic fundamentals, Raghuram Rajan said.
Rajan has been facing continuous attacks by Bharatiya Janata Party MP Subramanian Swamy and some other sections, who have alleged that he has failed to lower interest rates and boost the economy
The rank of COO is the latest in a series of decisions that met with internal resistance at Mint Road and now North Block.
The rupee has fallen more than 2 per cent against the dollar since the yuan devaluation
