Rajan’s extension as RBI governor has been the topic of speculation and has intensified after Bharatiya Janata Party leader and Rajya Sabha Member of Parliament Subramanian Swamy wrote to Prime Minister Narendra Modi seeking his immediate removal. Amid debate over Reserve Bank of India Governor Raghuram Rajan’s second term, the government is said to be in no hurry to decide on the matter. The Centre will take a call in August, just a month before his three-year term ends, The ... Rediff.com, 1 week ago
Why India Inc is batting for Rajan's 2nd innings at RBI - Rediff.com, 1 week ago
Raghuram Rajan's 'surgery' uncovers more bad loans - Rediff.com, 5 days ago
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Subramanian Swamy has charged Rajan of 'harming the nation's economy'. Reiterating his earlier stance, BJP’s Rajya Sabha member Subramanian Swamy has written a letter to Prime Minister Narendra Modi, asking him to sack RBI Governor Raghuram Rajan. In the letter, Swamy has charged Rajan of "harming the nation's economy". "I am shocked by the willful and apparently deliberate attempt by Dr Rajan to wreck the Indian economy," he said in the letter to PM Modi, says the NDTV report ...Rediff.com, 2 weeks ago Why Subramanian Swamy is wrong in criticising RBI Governor Raghuram Rajan Rediff.com, 2 weeks ago
RBI’s draft guidelines want 60% of a group’s income from financial servicesThe Reserve Bank of India on Thursday proposed granting on-tap universal banking licences to individuals, groups or entities and companies.However, the criterion for corporates will effectively rule out entry for business houses like Reliance, Tata and Birla, which had ambitions of floating universal banks.According to the draft guidelines, at least 60 per cent of a group’s income should come ...Rediff.com, 3 weeks ago Forex reserves touch all-time high of $356 bn Rediff.com, 2 months ago Banks in no hurry to cut lending rates Rediff.com, 1 month ago Will the Reserve Bank of India cut rates? Rediff.com, 1 month ago
Newslaundry claims access to RBI’s Rs 5-lakh crore (Rs 5-trillion) secret list At a time when the Supreme Court flagged faults in rules on bad loans and recoveries in India, media website newslaundry.com claims to have accessed the Reserve Bank of India’s list of corporate defaulters, totalling loans of Rs 5 lakh crore (Rs 5 trillion) as on December 24, 2015. The claim comes amidst rising debate whether the banks should reveal defaulters’ names. The media outfit said ...Rediff.com, 1 month ago Banks knock on courts' doors to recover Rs 1.86 lakh crore Rediff.com, 1 month ago Banks' deposit base to take Rs 1.5-2 lakh cr hit Rediff.com, 2 months ago
Dr Rajan’s export pessimism, and his dismissal of the value of an undervalued currency for a country trying to export, relies on a claim that India is substantially different from East Asian tigers that had 'weak firms and small domestic markets'. In two major speeches on Sunday, Reserve Bank of India Governor Raghuram Rajan made several thoughtful points about the global economy and the direction of monetary policy that deserve careful consideration. At the Ramnath Goenka Memoral ...Rediff.com, 2 months ago
Finance Minister Arun Jaitley said RBI and the government are in continuous dialogue and that relationship will continue. Amid BJP MP Subramanian Swamy stepping up his tirade against Raghuram Rajan, Finance Minister Arun Jaitley on Thursday said he does not approve of "personal comments" against anyone including the RBI Governor. "I don't approve of personal comments against anyone, let alone the RBI Governor," the minister said when asked about the continuing attack on Rajan in past few months ...Rediff.com, 5 days ago Jaitley pitches for interest rate cut ahead of RBI policy Rediff.com, 1 month ago No external factor will influence govt's decision on Rajan: FM Rediff.com, 2 weeks ago
The RBI Governor said sharp slowdown of the Chinese economy remains a significant risk for global economy and the SAARC region. Terming a sharp slowdown in China as a ‘significant risk’ for global economy and the South Asian Association for Regional Cooperation region in particular, Governor Raghuram Rajan on Thursday said Reserve Bank of India has been moderating any extreme currency volatility through its intervention. He also said India has in place a four-pronged defence ...Rediff.com, 5 days ago
The minister was asked about Bharatiya Janata Party leader Subramanian Swamy attacking the RBI Governor for affecting fortunes of mid sized corporates by keeping the interest rates high. In an apparent criticism of Reserve Bank of India Governor Raghuram Rajan's monetary policies, Union Minister Nirmala Sitharaman on Tuesday said high interest rates are impacting cost competitiveness of the industry, especially small and medium enterprises. The minister said she has already taken up the ...Rediff.com, 1 week ago
RBI Governor wants to limit inflation to 5 per cent by March 2017. Reserve Bank of India is closely watching inflation data as well as monsoon rain forecasts for deciding on further interest rate cuts and the monetary policy still remains in the ‘accommodative mode’, Governor Raghuram Rajan has said. Rajan, who had earlier this month cut interest rates by 0.25 per cent to 6.5 per cent, did not give any indication as to how much or by when further rate cuts would take place. "We are ...Rediff.com, 1 month ago Will watch monsoon before rate cut: Rajan Rediff.com, 1 month ago RBI may go for a 'measured' cut next week: DBS Rediff.com, 2 months ago 'RBI to cut rates by 25 bps on April 5' Rediff.com, 2 months ago
Global brokerage major HSBC has upgraded Indian equity markets to "neutral", saying ‘green shoots’ are emerging and has increased its Sensex target for the year to 26,000 from 25,000. According to the financial services major, Indian equity market has underperformed and its premium to the rest of the region is shrinking. Moreover, macroeconomic data like PMI and auto sales suggest the earnings environment might improve. "We raise India to neutral in an Asian context.Rediff.com, 2 weeks ago
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