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About 12 results for "governorrsquo"

New RBI governor is not in a hurry to slash rates
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New RBI governor is not in a hurry to slash rates

As inflation rate is near the upper limit of the comfort zone, experts rule out rate cuts anytime soon With inflation beginning to move up, the chances of the governor-designate of the Reserve Bank of India (RBI), Urjit Patel, continuing to ease rates are low. While India Inc is hopeful of a rate cut in October, analysts and economists say keeping inflation under check would be the new RBI governor’s priority. Patel is also known for his hawkish approach. So, it is not surprising that ... Rediff.com, 2 days ago

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REVEALED: British-era bunker under Maharashtra governor's residence

A 150-metre long underground British-era bunker, which had been closed for several decades, was discovered by Maharashtra Governor Ch Vidyasagar Rao inside the Raj Bhavan complex at Malabar Hill in Mumbai. Chief Minister Devendra Fadnavis visited the bunker on Tuesday, a Raj Bhavan official said. Rao, accompanied by his wife Vinodha, visited the bunker on Tuesday, after which the governor expressed his intention to consult experts from various fields to preserve it. ‘Amazing Discovery! ...
 Rediff.com1 week ago
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'Bureaucratic process for selecting RBI governor is wrong'

'Reserve Bank is an autonomous institution and, as governor, I am supposed to make judgments on issues in the domain of the central bank.' 'The governor of the Reserve Bank is more than a regulator.' 'The government has turned to a path of fiscal consolidation.' A candid account of a five-year stint as Reserve Bank of India governor by Duvvuri Subbarao, below, left, could not have come at a more opportune time, as the Narendra Modi government has to shortly take a decision on appointing ...
 Rediff.com4 weeks ago
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How the government mismanaged Rajan's exit

While Swamy kept his public diatribe going for quite some time, the PM, whom nobody can accuse of being economical with words, chose to remain silent -- leaving the door open for conspiracy theories, notes Shyamal Majumdar. In his interview to Times Now on Monday, Prime Minister Narendra Modi strongly defended Raghuram Rajan and spoke fondly of his 'good experience and appreciation' of working with the outgoing Reserve Bank of India Governor. Modi did what all strong leaders should do — ...
 Rediff.com1 month ago
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Selecting next RBI chief: Scrap the committee, use the old system

Sooner the government finalises its choice, the better it will be for ensuring stability in the country’s financial system. With the Reserve Bank of India Governor Raghuram Rajan announcing his decision to return to academia at the end of his current tenure in September this year, the government must now get down to the important task of finding his successor without any delay. The global economic situation is not too stable. Though the markets in India have taken in their stride the ...
 Rediff.com1 month ago
Rediff.com

Rexit leaves India Inc disappointed

India's captains of industry said they were disappointed at the exit of Reserve Bank of India Governor Raghuram Rajan, adding the country needs a strong leader at the central bank. India’s captains of industry said they were disappointed at the exit of Reserve Bank of India Governor Raghuram Rajan, adding the country needs a strong leader at the central bank. Leaders of India Inc are worried that Rajan returning to academia may unsettle markets at a time when inflation is showing signs of ...
 Rediff.com2 months ago
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Did EC set a dangerous precedent with TN re-poll order?

In writing to the government for a change in the law, the Election Commission has actually acknowledged the future possibility of countermanding polls to curb the use of money power, says N Sathiyamoorthy.   Has the Election Commission shot itself in the foot? The question arises in the light of the EC countermanding polls in two constituencies -- Aravakurichi and Thanjavur -- in the recent elections to the Tamil Nadu legislative assembly. The EC sought specific powers to postpone or ...
 Rediff.com2 months ago
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Meet PM, resolve Kashmir issue politically: SC to JKNPP leader

The ongoing trouble in Kashmir should be ‘dealt with politically’ and everything cannot be managed within judicial parameters, the Supreme Court said on Monday. The apex court also asked the solicitor general to help activist lawyer and Jammu and Kashmir National Panthers Party leader Bhim Singh meet Prime Minister Narendra Modi on the issue. “This issue has various dimensions and therefore should be dealt politically and moreover, everything cannot be managed within the ...
 Rediff.com2 days ago
Rediff.com

Why it makes sense to stay away from equities for now

It is only 'zero-cost' money from FPIs that is keeping the market afloat The Consumer Price index (CPI) indicates that inflation is rising to near the limit of tolerance. However, the consensus is that a good monsoon will help to pull down food related inflation. The July 2016 CPI saw a year-on-year rise of 6.07 per cent above July 2015. Food inflation rose to 8.35 per cent year-on-year from 7.8 per cent in June. This is key since food has a weight of 45 per cent in the CPI basket. The data ...
 Rediff.com1 week ago
Rediff.com

Stock market volatility low despite Brexit

Despite Britain’s vote to exit (Brexit) from the European Union, the stock volatility index here as measured by India VIX, has seen a steady decline. The gauge, which measures investors’ perception about the risk of sharp swings in the market, has been around 15 for almost a month, even as the benchmark Nifty on the National Stock Exchange has surged. A VIX value below 20 indicates there is unlikely to be sharp swings in the market and a value above 30 hints at volatile moves. The ...
 Rediff.com1 month ago
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