The SIT on black money has asked the RBI to set up a framework for sharing the data on the outflow of illicit wealth from the country with the enforcement authorities, an official statement said on Monday.
Currently India’s Executive Director in the Washington-based International Monetary Fund, Mohan is being mentioned in official circles as the front runner to bag the coveted job in Mint Street.
Rajan also said that his work on containing inflation, cleaning bank books was not over and he is confident that his successor will take RBI to new heights.
RBI Deputy Governor S S Mundra on Monday said there should not be any “adventurism”, and institutional progress of the entities will be monitored closely in formative stages.
“It may be noted that the officers coming on deputation to CBI are entitled for special incentive allowance at the rate of 15 per cent on the pay,” the CBI said.
The GDP growth number is an approximation of the underlying economic activity. Many economic decisions of the government and private investors are based on that number.
Reserve Bank of India (RBI) Governor, Raghuram Rajan on Thursday said that emerging market (EM) economies are increasingly nervous because they fear that with fast changing technology, industrial countries may not need to outsource the production to cheaper developing countries and it would lead to huge job losses. “Increasingly, the debate is moving to emerging […]
Rathore also hailed Raghuram Rajan’s decision not to cut repo rate saying “it’s a good decision”.
The survey predicted annual consumer price inflation nudged up to 5.52 per cent in May from April’s 5.39 per cent.
Welcome genuine criticism of our policy but will not address ad hominem attacks, says RBI Governor.
Private investments need to be back on track to make a much more stronger growth, said Rajan.
Rajan’s statement follows reports that he wrote to policymakers to put an end to being dragged in the political slugfest over the issue.
The Raghuram Rajan-led RBI said rising crude prices and implementation of 7th pay commission pose upside risk to inflation.
After today’s monetary policy review, it is fairly clear that the window for a rate cut has been closed at least in the near future – for a quarter or more.
RBI said more monetary transmission to support the revival of growth continues to be critical.