While stating that a strong government should be led by those who have expertise, motivation and integrity and can provide the needed public good, Rajan warned that "strong governments, may not, however, move in the right direction".
Raghuram Rajan says he's not beholden to the Finance Ministry nor does he go around with the fear of being fired.
China's per capita GDP is about four times of India's, Raghuram Rajan said.
Rajan also expressed hope that a stable government after the Lok Sabha elections will continue the broad fiscal policies of the current regime and India may finally get the Goods and Services Tax, an ambitious indirect tax reform measure.
'The RBI is something like a seat belt. As a driver, the driver being the government, it has the possibility of not putting on a seat belt but of course if you do not put on your seat belt you get into an accident and the accident can be quite severe,' Raghuram Rajan told CNBC TV18. 'The aim of the board is to be Rahul Dravid -- sensible, thoughtful and not, with due respect, Navjot Sidhu,' he added.
The new government will face four big challenges -- subdued growth, the fiscal and current account deficits and sticky inflation, RBI Governor Raghuram Rajan said.
The Reserve Bank had submitted a list of 150 top loan defaulters who owe banks more than Rs 500 crore in a sealed cover to the Supreme Court.
Rajan rules out picking unconventional tools to tame inflation
Indian startups are expected to raise $8-12 billion this year, a top official of venture capital firm Peak XV said on Monday, highlighting that the country's startup ecosystem is the most vibrant in the world. Speaking at StartUp Mahakumbh, Peak XV managing director Rajan Anandan said around $20 billion of private capital is lying uninvested and is committed for investment in private firms and startups in India.
Retail inflation was at a 25-month low of 8.1 per cent in February.
Swamy had also claimed that Rajan was "mentally not fully Indian" and alleged that he has "wilfully" wrecked the economy
Vigilance and anti-corruption officials on Saturday conducted searches at seven premises of Suresh Rajan in Kanyamkumari and Tirunelveli districts on charges of possessing disproportionate assets, the sixth former Dravida Munnetra Kazhagam minister to come under the scanner.
RBI governor also spoke on the ill effects of cutting interest rates too much
Rescue teams on Friday used GPS coordinates from aerial drone pictures and cell phones, including the last location of people who lived in the landslides-hit areas of Wayanad to help locate survivors, amidst accelerated search operations after the completion of the 190-foot-long Bailey bridge by the Army.
Second authentication for small value payments through credit cards can be reduced subject to conditions.
Their research paper on aid by rich nations got leaked
Experts applaud RBI governor RAghuram Rajan for his good work.
The current account deficit, which is the difference between inflow and outflow of foreign exchange, rose to a record high of 4.8 per cent of GDP in 2012-13, from 2.8 per cent in 2010-11.
India Inc on Wednesday said it looked forward to the new RBI Governor Raghuram Rajan initiating cut in interest rates and improving credit flow to crucial sectors like infrastructure to put economy back on high-growth path.
The government is likely to name a successor to Rajan sometime this month
The progress we made in recent past should not detract us from making further structural reforms: Rajan
RBI governor advises students to not take advantage of economic freedom
Days ahead of the Budget, Reserve Bank Governor Raghuram Rajan on Wednesday pitched for increasing the tax exemption limit on financial investments by individuals from Rs 1.5 lakh a year.
The four alleged contract killers, identified as Robinson, Junaid, Yunus and Manish, were arrested on June 3 following which they were sent to police remand and interrogated for five days.
Rollback of July tightening measures indicates comfort on currency but a repo rate hike is around the corner.
According to Bali police sources, decks have been cleared for his return, but volcanic eruption at Mount Rinjani led to cancellation of all flights.
.jpg)
Rajan, the academic-turned-central banker who is credited with predicting the global financial crisis, said that voicing of views will have positive effects.
Rajan posed the question while speaking at the annual leadership conference in Mumbai National Association of Software and Services Companies.
The appointment of Rajan, a former chief economist of the International Monetary Fund and now a professor of finance at University of Chicago, comes at a time when India, like most of the world economies, is grappling with the impact of the global credit crisis.
It's time the regulator did some introspection.
India imposes restrictions on how much money its citizens and companies can invest abroad
RBI governor Raghuram Rajan is clear about cleaning up the mess in the banking system.
'The CoA feels that if David has declared and is not taking remuneration from India Cements, he is not in conflict'
Rajan said that demand needs to be reduced without having severe effects on investment and supply.
Malayalee From India is trapped within its self-serving corniness and refuses to break free in the process, observes Arjun Menon.
New RBI Governor Raghuram Rajan on Wednesday came out with a slew of measures, including more trade settlement in rupees to rescue the battered financial markets and hinted at a shift in focus from inflation control, doggedly pursued by his predecessor, to boosting growth.
The aim of his visit was to explore how financial institutions can be co-opted in reviving the local economy.
Fugitive gangster and drug smuggler Santosh Shetty has been arrested in Bangkok by the Thailand police. Mumbai crime branch officials took him into custody on Thursday.
Raghuram Rajan said on Friday it is not clear India needs a so-called "bad bank.
