Declining value of the rupee, widening Current Account Deficit (CAD) and the impact of likely tapering of US bond purchases are some of the key issues which will keep Raghuram Rajan busy.
Uber had run into trouble with the RBI over the two-payment process
Royal Challengers Bengaluru's fairytale resurgent run will be up against the might of five-time champions Chennai Super Kings and the weather gods when the two sides clash in an epic do-or-die match to decide the fourth and final team for the IPL play-offs, in Bengaluru on Saturday.
'For every person there is a different way that you show respect for your country...my mother-in-law will say karmayogi is the way to go - do your work.'
The new pay scale will come into effect from January 1.
'RBI and the economy will gain tremendously from Urjit Patel's experience in both private and public sectors'
The Reserve Bank on Tuesday nudged banks to cut lending rates.
Rajan further said the current account deficit would be better in June than in May.
There is little scope for significant monetary easing even in the next fiscal year.
Underworld don Chhota Rajan's aide Rohit Thangappan, who was behind bars for the murder of senior scribe Jyotirmoy Dey, was on Wednesday arrested in connection with a firing case involving a hotelier, two days after a local court sought his production, the police said.
The decisive election victory for the Narendra Modi-led National Democratic Alliance has created a conducive environment for policy actions and should help in economic recovery, Reserve Bank of India Governor Raghuram Rajan said on Tuesday.
His team has projected a higher growth of 6.1-6.7 per cent in the next fiscal.
Calls for a rethink on why some sectors should get more easy credit than others
RBI has kept interest rate unchanged at 8 per cent since January
Rajan also said the RBI had reduced the current account deficit "substantially".
With the 'busy credit season' which witnesses a spurt in loan demand going up, it would be good to lower the rates ahead of it
By March 28, the reserves rose by a whopping $5.038 billion to $303.673 billion, the second highest in the fiscal.
Will seek to bring inflation to the mid-point: Rajan
he feels they are prone to misuse by borrowers, including farmers, and suggested a rate ceiling for loans by micro finance lenders.
He called on developed countries to play their part in restoring international monetary cooperation.
The government's step to curtail fiscal deficit is helping the central bank's monetary policy, Rajan said.
According to report by Dun and Bradstreet, central bank expected to maintain status quo on policy rate.
The Tamil Nadu assembly on Friday once again passed a unanimous resolution urging the Centre to exempt the state from National Eligibility-cum-Entrance Test and allow it to admit students to medical courses based on Plus Two exam marks.
The government-appointed Financial Sector Legislative Reforms Commission (FSLRC) has recommended a slew of reforms to overhaul the sector.
The convertibility is RBI Governor's 'next big ambitious goal'.
The policy will be presented in the backdrop of rising inflation.
Rajasthan Royals will face a stern test of character as they look to arrest a shocking slide in a do-or-die IPL Eliminator against an in-form RCB.
The Central Bureau of Investigation has taken over the probe into the murder of Hanif Kadawala, an accused in the 1993 Mumbai blasts case who gave an AK-56 rifle to actor Sanjay Dutt, and registered a case against gangster Chhota Rajan and his accomplices in this regard.
RBI could opt for a 'deep cut' after winning inflation war, say experts.
"The issue in Iraq is still an area of uncertainty.
Special Judge A L Pansare allowed CBI's plea seeking nod to question the 54-year-old crime boss for 10 days starting January 27 before adjourning the case till February 5.
Says impact of crisis in China won't be as big here as in some other countries
RBI Governor Raghuram Rajan, who today surprised markets with a rate hike, defended the move saying a rate cut would not have impacted either banks or borrowers and that bringing down retail prices is the key to sustainable growth.
Pujari is allegedly involved in eight serious cases in Mumbai, including firing, extortion and murder. A resident of Tagore Nagar in Vikhroli, he had fled from the country years ago. He had allegedly targeted builders and businessmen in eastern Mumbai, the crime branch official said.
Swamy now wants Arvind Subramanian, one of the front runners for the post of the new RBI governor to be sacked.
"My remarks are motivated by the desire for a more stable international system, a system that works equally for rich and poor, large and small, and not the specifics of our situation," Raghuram G Rajan, Governor, Reserve Bank of India said at the Brookings Institution on April 10, 2014.
The remarks come amid speculation that Rajan had feared elimination at the hands of Chhota Shakeel, the closest aide of underworld don Dawood Ibrahim.
Reserve Bank of India (RBI) Governor Raghuram Rajan's decision to cut rates last week surprised even top officials.
The Supreme Court decision to cancel the allocation of 214 coal blocks will have bearing on thermal power plants, in which the banks have put in more than Rs 1 lakh crore (Rs 1 trillion) as loans.
Mallya, whose Kingfisher Airlines owes money to several banks, had on Thursday said he will challenge UBI's decision to declare him a willful defaulter.
