RBI Governor spoke to the media about issues from the bank’s independence to bad loans.
Raghuram Rajan lists ‘three virtues’ of taking the monetary policy decision away from the Governor and assigning it to a committee.
Such a shift in spending will also help in inflation management.
The 728-point jump in the Sensex immediately after the RBI announced a 0.25 per cent cut in its policy rate shows how desperately the economy was longing for a lowering of interest rates. But the absence of a further rise the next day showed that second thoughts were setting in. The market is beginning to […]
RBI does well to focus on the problem of imprudent lending.
Banks will be able to increase their equity holdings above the current cap of 10% in companies undergoing debt restructuring through conversion of loan into equity.
There was widespread expectation from the corporate sector and markets for a reduction in rates in the wake of the decline in inflation and the sharp fall in money market rates.
Status quo n Central bank says rate cut only after sustained low inflation, orderly fisc.
A panel, headed by RBI Governor Raghuram Rajan, will hold interviews of eligible candidates for the post of CMDs.
RBI data show that currency with the public grew 9.4% in 2013-14 to Rs 13 lakh crore.
Rising NPAs or bad loans have been a concern to both RBI and government.
Even if fresh FII inflows stop,there will not be a problem to finance CAD: Raghuram Rajan
The postponement of the taper should provide the RBI necessary time to ease the debt limits for FIIs.
The Asian Development Bank on Oct 2 lowered its growth projection for India in the current fiscal.
Rajan is a respected international economist and best known for his prescient warning in 2005.