The first rate cut by the RBI is likely to be in or at the latest by April 2015: Morgan Stanley
Not a cover for forbearance, misuse will be dealt with severely.
FM Arun Jaitley would argue for RBI Governor Raghuram Rajan to lower interest rates.
The comments come in sharp contrast to management guru late CK Prahalad’s views in his book ‘The Fortune at the Bottom of the Pyramid’.
The Reserve Bank of India will invite applications for small and payment banks by the end of the current month.
The small and payment banks will cater to small businesses and low income households.
Delay in cutting interest rates would imply that the RBI is looking to bet on a horse after it has won the race.
RBI governor believes that India will be ‘solidly’ in 5 pct growth bracket during course of this fiscal.
New monetary policy paradigm promises to define roles, assign responsibility for choices and trade-offs
Reserve Bank of India Governor Raghuram Rajan on issues including the proposed new monetary policy framework.
Raghuram Rajan has stressed that the ‘time to deliver begins now’.
Demand likely to be buoyant as urban housing shortage is estimated at 18.78 mn units.z
Rajan added the RBI is talking to Euroclear and other organisations to allow trading in Indian government bonds to be settled through their systems.
Raghuram Rajan spoke about many positives on the inflation front, like the low oil prices.
Reserve Bank of India Governor kept its key policy repo rate unchanged at 8 per cent.