Monetary measures by RBI, which last month hiked the percentage of depositors money that banks should park with it, have helped cool down credit offtake.
Reserve Bank Deputy Governor Rakesh Mohan on Friday asked industry chambers not to clamour for tax rate cuts, saying the rates were already moderate by international standards.
India will export anti-malarial drug hydroxychloroquine, high in demand globally, only to foreign governments and not to private companies, as the product is under prohibited or banned category of exports, sources said. Although exports of this medicine is completely banned, India has decided to export this anti-malarial drug in sync with its global commitment to deal with the coronavirus pandemic.
Reserve Bank Governor Y V Reddy met Finance Minister P Chidambaram in New Delhi on Tuesday and is understood to have discussed measures to tackle the rupee appreciation.
Bankers have requested RBI to keep interest rates stable this fiscal, in lieu of sufficient liquidity in the system.
The Reserve Bank of India Deputy Governor Rakesh Mohan urged housing finance companies on Sunday to look at designing home loan repayment structures which would suit individuals with irregular income flows and in need of affordable houses.
Has there been a resurgence of the manufacturing sector in India? Shankar Acharya has his doubts.
The elevated realty prices along with non-transparency in the real estate sector may lead to an 'asset bubble' and pose risks to the banking system, according to Reserve Bank of India Deputy Governor Rakesh Mohan.
High inflation not only hurts the common man but also deters fresh investments that are key to faster economic expansion, which makes containing prices an express requirement, the Reserve Bank of India said on Wednesday.
Reserve Bank of India said on Thursday it is looking at liquidity, inflation and credit growth to see if it will have to take more steps to tighten monetary conditions.
In a meeting with Reserve Bank of India Deputy Governor Rakesh Mohan on Monday, bankers expressed concerns that interest rates had not shown signs of softening despite ample liquidity and overnight rates being at close to 1 per cent levels.
If instead of appreciating the nominal exchange rate it is devalued, the price level will rise
Large capital flows and increased tax payments by corporates in the last five six months has made liquidity management difficult, Reserve Bank Deputy Governor Rakesh Mohan said on Wednesday.
We have a government with an extremely weak economic team advising a PM who hardly pays attention to their thoughts, says Jayanta Roy.
The Reserve Bank of India Deputy Governor Rakesh Mohan on Thursday said the cash tightness in the banking system was temporary
The central bank's decision to raise the repo rate is a signal to commercial banks either to increase their deposit base or improve credit quality appraisal, RBI Deputy Governor Rakesh Mohan said on Tuesday.
In a bureaucratic reshuffle, economic affairs secretary Rakesh Mohan will look after the key budget division following the appointment of expenditure secretary D Swarup
Indian economy has the resilience to sustain high growth despite shocks like spiralling oil prices, economic affairs secretary Rakesh Mohan said on Wednesday.
Asian Development Bank and Reserve Bank on Thursday advocated that India should go in for a free trade agreement with China and five other nations in the Mekong region to sustain high growth.
The central bank will respond 'swiftly' and use monteary tools to contain runaway inflation, which could dampen the growth momentum, Reserve Bank of India deputy governor Rakesh Mohan said on Tuesday.
Investors should invest in small saving schemes at present levels; these investments will fetch them attractive rates and be insulated against future changes.
Rakesh Mohan, Secretary, Department of Economic Affairs, on Tuesday pointed out that the Indian economy was on the move with the gross domestic product growing at about 7 per cent last year and investment levels in the country also going up.
India's telecoms regulator must guard against overly aggressive price-cutting in the nation's fast-growing telephone industry, a key policy maker said on Thursday.\n\n
Public Provident Fund should be phased out over a period of time after the introduction of the new pension scheme proposed by the government, the interim Pension Fund Regulatory and Development Authority chairman D Swarup said on Saturday.
The two mulled over the rising inflation as international crude prices continue to soar and monsoon remains erratic.
The Reserve Bank of India is looking at either removing or relaxing limits on the quantum of electronic fund transfer and electronic clearing system transactions to facilitate introduction of T+1 settlement system in the capital market.
The goverment was keeping a watch on inflation, which has to remain below 5 per cent, said Economic Affairs secretary Rakesh Mohan in reference to the recent surge in international crude oil prices.
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