'The critics are getting carried away.''The challenge for the RBI is not any erosion of autonomy caused by demonetisation.''It's the whole attempt to reduce the RBI's stature and role that has been under way,' says T T Ram Mohan. IMAGE: Reserve Bank of India Governor Dr Urjit Patel, right, with his predecessor Dr Raghuram Rajan. Photograph: PTI PhotoThe demonetisation decision 'had been preceded by consultations on the subject during the tenure of the previous governor, Raghuram Rajan,' says T ... Rediff.com, 1 week ago
Congress today latched on to former Prime Minister Manmohan Singhs defence of RBI Governor Urijit Patel in the Parliamentary Standing Committee meeting to target his successor Narendra Modi. "In the PAC Dr. Manmohan Singh protected RBI in public interest.Deccan Herald, 1 month ago
Indian stocks had a mixed outing in calendar year 2016, with investors largely treading cautiously, tracking a slew of geo-political news, micro and macroeconomic data, reports of mergers and acquisitions, the sudden sacking of Cyrus P Mistry and the ...Sify, 1 month ago
The rupee is likely to remain volatile in the foreseeable future in view of increased possibilities of further rate hikes by the US Fed in the coming months. Most currency experts expect it to trade in a range of 66 to 72 to the USD in 2017. The US Federal ...The Financial Chronicle, 1 month ago
The second fortnight of September saw Rs 3 lakh crore of time deposits, something unique, followed by liquidation of Rs 1.2 lakh crore of these right after, report Business Standard's Ishan Bakshi and Nitin Sethi. From September 16 to 30, a staggering Rs 3.03 lakh crore of time deposits -- fixed and recurring -- were made at banks. This has never happened in any fortnight since January 2001. September 16 is also the date from which the Reserve Bank India, in a rare later decision, chose to ...Rediff.com, 2 months ago
Posted by Equitymaster We're 21 days into Narendra Modi's demonetisation policy, and people are still confused about what is legal and what is not. Rarely has a government policy affected so many Indians so directly. The merits of the policy - its utility, ...Equitymaster.com, 2 months ago
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