Last Updated: Tuesday, August 4, 2015, 13:15
He further said that while the details of the monetary policy committee (MPC) will have to be ironed out, "there are no differences between RBI and the government" on this matter.
Last Updated: Tuesday, August 4, 2015, 11:42
Rajan said that veto power with RBI governor in proposed monetary policy panel will mean no change from current rate setting practice.
Last Updated: Monday, August 3, 2015, 22:42
As the move to strip RBI Governor of veto power on deciding interest rates faced backlash, the government Monday said no decision on curtailing powers of the central bank has yet been taken.
Last Updated: Monday, August 3, 2015, 17:18
Going on the backfoot over a draft Bill proposing curtailing powers of RBI Governor on interest rate, the government Monday said it is not right to conclude that it wants to curtail the central bank's powers.
Last Updated: Monday, August 3, 2015, 14:56
Most bankers and experts believe that the possibility of an interest rate cut by the Reserve Bank on August 4 is very low as retail inflation remains high.
Last Updated: Monday, August 3, 2015, 12:16
The research firm also said recent global developments also suggest limits to inflation pressure, with the tumbling of global commodity prices, particularly crude oil, on the back of the Iran nuclear deal.
Last Updated: Monday, July 27, 2015, 16:06
The draft legislation, published on Thursday for public comments, calls for creation of a rate-setting panel, and permits the government to appoint more than half of its members.
Last Updated: Thursday, July 2, 2015, 18:49
Promising a steady increase in FII investment limit in government bonds, RBI Governor Raghuram Rajan on Thursday said the ceiling will be revised twice a year and efforts are being made to make such investment easier.
Last Updated: Thursday, July 2, 2015, 16:28
Global economy is in a recovery mode which is still weak, but the overall situation is "not anywhere" like the depression of 1930s, Reserve Bank Governor Raghuram Rajan said on Thursday.
Last Updated: Sunday, June 28, 2015, 18:40
"We need rules of the game in order to effect a better solution. I think it is time to start debating what should the global rules of the game be on what is allowed in terms of central bank action," he said.
Last Updated: Friday, June 26, 2015, 10:35
Rajan, who is among the few to have predicted the 2008 financial crisis, said the problem was a "broader" one and for the entire world -- not just for industrial countries or emerging markets.
Last Updated: Sunday, June 21, 2015, 16:05
It is expected that the Cabinet headed by Prime Minister Narendra Modi may finalise names of five successful candidates in a month or so, after requisite procedures are fulfilled, sources said.
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