The cutback on export credit refinance facility is another step towards a shift away from sector-specific liquidity allocations.
Regarding employment, the manufacturing sector hiring remained broadly unchanged.
While Raghuram Rajan has said in the past that other factors, including domestic fundamentals, outweigh the US Fed policy meet, this time it would be different
Calls for a rethink on why some sectors should get more easy credit than others
HDFC on Thursday offered home loans to women borrowers at 9.85 per cent.
Rbi cut rates for teh third time to ease economic situation.
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."
The Reserve Bank on Tuesday nudged banks to cut lending rates.
RBI may hold rates in Apr; to go for 25 bps cut by June: DBS
'Access to finance is one of the most crucial needs in the economy.'
Strong dollar will impact financial system in India.
He will be the first bureaucrat to head the central bank in almost five years.
Highly-placed sources in the government say that none of the senior ministers had any inkling of Patel's resignation
Average policy rate over the next three years should be around 7.4%
Arun Jaitley opted for a fiscal deficit of 3.9% in 2015-16.
Raghuram Rajan rejected the argument that inflation has come down largely because of "good luck" stemming from low oil prices.
The Financial Stability and Development Council members include heads of regulatory bodies like RBI, Sebi and Insurance Regulatory Development Authority.
Soon after taking over as RBI Governor on September 4, Raghuram Rajan had announced opening of a swap window facility to encourage banks to lure NRI funds.
Charging Chief Minister Nitish Kumar with failing to secure special status for Bihar, the Bharatiya Janata Party on Thursday said it will raise the demand for it during its October 27 rally here to be addressed, among others, by its prime ministerial candidate Narendra Modi.
The government is likely to present a "run-of-the-mill" budget with an fiscal slippage to 3.7 per cent of the GDP in the next fiscal from an earlier target of 3.5 per cent, a Nomura report says.
'India's economic fundamentals are much too strong to be affected by his resignation,' says B S Raghavan.
The Reserve Bank on Friday set up a three-member committee under former Governor Bimal Jalan to scrutinise applications for new bank licences, which are expected to be awarded by January.
The government plans to inject a total Rs 70,000 crore into the lenders over four years
The task force will look at emerging markets, technology, regulatory and monetary policies, loss of trust in financial services, and financial inclusion.
The new government would assume charge with swearing-in of Prime Minister designate Narendra Modi and members of his Cabinet on May 26.
'The true fruits of the attack on black money, what Raghuram Rajan did for the banking system, and what technology is doing for us will come in FY19, which, not surprisingly, is the year running up to the next Lok Sabha elections.'
RBI has kept interest rate unchanged at 8 per cent since January
Uber had run into trouble with the RBI over the two-payment process
Although this may not be music to Raghuram Rajan and Viral Acharya's ears, the real reason in my estimation for their quitting is expatriate over-sensitivity, intolerance or arrogance, argues B S Raghavan, the distinguished civil servant.
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According to the research note, the jump in volatility following the tightening of liquidity by the RBI on July 15 is likely to move lower and current levels could prove an attractive entry point into the market.
'It will be interesting to see how Dr Patel handles gadflies with the maturity of egregiously petulant three year olds.' 'That Dr Patel does not, in so far as we can tell, cause society matrons to gush like hormonal teenagers can only be a good thing for him.' 'Look where their febrile imaginations and breathless prose took his predecessor.'
After the screening, the shortlisted candidates will be vetted by an external committee, to be headed by former RBI governor, Bimal Jalan.
The rupee rose by 4 paise at 66.88 against the US dollar in early trade on Wednesday.
In October, CPI inflation was 5 per cent.
State Bank of India does not levy any charge for non-maintenance of a minimum balance in basic savings account.
The RBI, which has been keeping rates at an elevated level citing high inflation, wants it to come down to 6 per cent by January 2016.
RBI Governor Raghuram Rajan has said falling oil prices act as a cushion for CAD, adding it is time India does away with restrictions on gold imports
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On the Congress accusing BJP of hypocrisy for its failure to disclose names, Jaitley said the Congress got it all wrong because media "completely misreported" the case.
Subramanian, a senior fellow at the Peterson Institute for International Economics in Washington, attended a news conference in New Delhi at which his appointment was announced.
Polling for the 288-seat Assembly is being held in a single-phase on Wednesday.
