PDMA should be independent of govt and RBI: Raghuram Rajan

Last Updated: Sunday, March 22, 2015, 15:22

Public Debt Management Agency (PDMA) should be independent of the government as well as the central bank for ensuring fiscal discipline, RBI Governor Raghuram Rajan said on Sunday.

Rajan backs removal of central bank's debt powers

Last Updated: Sunday, March 22, 2015, 14:56

Rajan also alluded to differences with the government over the formation of the monetary policy committee.

State Bank of Travancore cuts base rate to 10.15 per cent

Last Updated: Monday, March 9, 2015, 14:17

State Bank of Travancore (SBT) today became the first bank to cut benchmark lending rate, or base rate, by 0.1 percent to 10.15 percent, almost a week after RBI slashed policy rate by 0.25 percent.

Jaitley to address RBI board on March 22

Last Updated: Sunday, March 8, 2015, 11:09

Finance Minister Arun Jaitley will address board members of the Reserve Bank here on March 22 to inform them about steps taken in the Budget for 2015-16 to boost economic growth and contain fiscal deficit.

RBI Governor says public debt not a problem yet for India

Last Updated: Monday, March 2, 2015, 19:48

RBI Governor Raghuram Rajan today said government debt is not yet a problem for India even as Standard & Poor's stated that high government debt is putting the sovereign rating under pressure.

Raghuram Rajan disapproves inheritance tax idea

Last Updated: Sunday, February 22, 2015, 14:49

Specifically speaking on inheritance tax idea, he said: "I think rather than bringing people down, our focus should be on taking people up.Specifically speaking on inheritance tax idea, he said: "I think rather than bringing people down, our focus should be on taking people up.

RBI Governor Raghuram Rajan wants more globalisation

Last Updated: Thursday, February 19, 2015, 14:39

Reserve Bank of India Governor Raghuram Rajan cautioned "large rich countries" against turning their back on globalisation, while saying he was keen for India to start "setting the agenda" in policy debates with other countries.

CSO briefs RBI governor on new GDP calculation method

Last Updated: Wednesday, February 18, 2015, 15:50

The Ministry of Statistics & Programme Implementation (MOSPI) has briefed the RBI Governor Raghuram Rajan about the new method which the government has started for calculating economic growth and inflation figures.

Expand Jan Dhan beyond bank accounts, says ex-RBI Guv Subbarao

Last Updated: Friday, February 6, 2015, 18:14

Lauding the government's Jan Dhan initiative, former RBI Governor D Subbarao today said this financial inclusion programme should be expanded to also ensure remittance and credit facilities for the poor.

Rajan links rates to budget, rejects call to extend CDR window

Last Updated: Tuesday, February 3, 2015, 20:52

Putting the ball in government's court, RBI Governor Raghuram Rajan on Tuesday said future rate cuts would depend on the fiscal consolidation path in the upcoming Budget even as he rejected bankers' call to extend the loan restructuring window beyond April 1.

Loan recast: Rajan spurns bankers call for extension

Last Updated: Tuesday, February 3, 2015, 18:09

Virtually rejecting the demand for extending the loan restructuring window beyond April 1, RBI Governor Raghuram Rajan on Tuesday said the practice of forbearance should end to increase investor confidence in banks' balance sheets.