The meeting, which comes just days before the next bi-monthly monetary policy review on June 3, lasted for about 50 minutes.
With the Lok Sabha elections going on, May is rather silent when it comes to new Bollywood theatre releases.
The Governor, who completes one year in RBI on Wednesday, has stabilised the rupee and is getting a fix on inflation.
Terming Rajan as "India's prescient banker," Time said he is among a rare breed of "economic seers".
Rajan, who will be a key member of Finance Minister P Chidambaram's team, was also honorary economic adviser to Prime Minister Manmohan Singh.
Minutes after the Union Cabinet approved raising the cap on subsidised liquefied petroleum gas (LPG) cylinders from nine to 12 per connection in a year, Reserve Bank of India (RBI) Governor Raghuram Rajan questioned the decision, suggesting it was "misdirected subsidy".
The RPI-A is an ally of the Bharatiya Janata Party.
India on Tuesday said it does not anticipate any problem in bringing back Chhota Rajan from Indonesia as he was arrested on a Red Corner Notice issued by Interpol.
RBI itself is part of the multi-agency group announced by the Indian government to monitor such holdings and take appropriate action.
Jaitley has made it a habit of giving soundbytes to the media like his predecessors on why RBI should cut interest rates
While the rest of India marches towards the promised destiny of 'progress', Bihar - the heart of India- is doomed to poverty and the injustices of a caste-based society.
A two-year extension at the helm of the RBI still looks a real possibility
Rajan strongly defends RBI's decision to hold the key rates in the absence of any new data points.
Rajan Bharti Mittal, vice-chairman and managing director of Bharti Enterprises took over as president of Federation of Indian Chambers of Commerce and Industry (FICCI) at the conclusion of its 82nd annual general meeting (AGM).
Reserve Bank Governor Raghuram Rajan expressed confidence in India's growth and said the country is on target to meet Jan inflation target of below 6%.
Rajan said the relationship between the RBI and the government has been strong.
BJP workers depend on Annamalai's popularity to emerge victorious. He has has made 100 promises to be fulfilled in 500 days and assurances include cleaning up rivers, an international airport and food vans named after former Chief Minister K Kamaraj.
RBI aiming to bring down headline number to 8% by end of this year and to 6% by the end of next year.
'I think some of us, like Mukesh Ambani, myself and those of us who head industrial units, ought to really focus on what we can really do to make the world a safer place, maybe 50 or 100 years from now.' 'For instance, how can we deal with climate change and global warming, right now?' 'The effects of it may not be felt now; in fact, we may pay a price for it today, but it will help the generations to follow.'
'Industrial countries are still struggling, with a few exceptions, to grow and the uncertainty about growth in the US as well the world is probably what impelled the Fed to stay on hold.'
Concerned over banks hiding their actual NPA numbers, RBI Governor Raghuram Rajan on Tuesday said the central bank is "increasingly turning towards taking action" on such divergences.
New Delhi was reluctant to spook investors by clipping the bank's wings
Though the IMF wanted him to continue, his university said it won't extend Rajan's leave.
A number of industrial countries are now resorting to populism and this has its own set of political implications.
Describing the BJP's election victory as an "astonishing triumph of Narendra Modi", noted economist Jagdish Bhagwati on Monday advised him to retain Raghuram Rajan as RBI Governor and to hold monthly press conferences to articulate the government's agenda.
Rajan was speaking at a news conference.
The forex kitty swelled for the fifth week in a row during the week ended December 6 to $295.71 billion, adding $4.41 billion. Between August 30 and December 6, the reserves have increased by close to $17 billion.
'The Chinese devalued the yuan initially but then stopped'.
The lack of clarity on who is next in line, when the time comes, as indeed it will one day some day, reflects poorly on the management of the world's largest political party. It scarcely need be said that a squabble between the contenders, Shah and Yogi, is exactly what the doctor ordered for the Opposition, notes Krishna Prasad.
A few market and economic indicators have begun looking up, thanks to what many term the 'Rajan effect'.
A resurgent Royal Challengers Bengaluru will look for their fourth consecutive victory when they face an unpredictable Punjab Kings as the two sides fight for survival in the Indian Premier League, in Dharamsala on Thursday.
The rupee has gained 1.89 percent against the dollar in the month to date and 2.93 percent in the past six months.
Market participants are impressed that Rajan has set the ball rolling on his first day at RBI with a series of announcements, raising expectations that more are in store.
Rajan's exit will neither affect the RBI's de facto independence nor its working.
It took three years of collective fiscal profligacy and policy mismanagement to cause this crisis.
Rajan's remarks come as the Modi-led government completes one year.
Top bankers on Wednesday exuded confidence that Raghuram Govind Rajan, who today took over as the 23rd Governor of the Reserve Bank, has the intellectual prowess to wade through the present difficulties facing the economy and wished him all success for the stint at Mint Road.
RBI Governor flayed easy monetary policy of central banks in advanced economies saying it is "more cause than medicine".
Investors will see that India story actually continues to be a good one, he said.
Industrial countries cannot at this point wash their hands off developing economises and say we will do what we need to, and you do the adjustment you need to, says RBI Governor.
