Rangarajan favours RBI majority in Monetary Policy Committee

Last Updated: Sunday, August 9, 2015, 11:10

Joining the debate over the powers of RBI Governor in setting policy rate, bank's former head C Rangarajan on Sunday said the government can do away with the veto power of Governor but the majority of members in the Monetary Policy Committee should be from the apex bank.

RBI cautious now, 0.25% rate cut likely in September: Rangarajan

Last Updated: Tuesday, August 4, 2015, 19:59

Stating that RBI has adopted a cautious approach in keeping rates unchanged, former Governor C Rangarajan Tuesday said the central bank may cut rate by 0.25 basis points by next month if monsoon turns out to be good.

'25% of debt-ridden sugar mills unlikely to operate next year'

Last Updated: Wednesday, April 15, 2015, 19:18

Sugar industry apex body ISMA today said that about 25 per cent of over 500 mills in the country may not be in a position to start crushing operations next marketing year starting October 2015 due to huge debt and banks' reluctance to provide fresh loan.

Expected RBI to wait till April for rate cut: Rangarajan

Last Updated: Wednesday, March 4, 2015, 13:57

Surprised over the timing of RBI's rate cut, former central bank governor C Rangarajan on Wednesday said the Union Budget was not a good enough trigger for easing of rates and he had expected RBI to wait till next month.

'BRICS bank's bonds must have liquidity for realisation'

Last Updated: Wednesday, December 24, 2014, 16:58

Former RBI Governor C Rangarajan on Wednesday said the bonds to be floated by the New Development Bank promoted by the BRICS countries should have liquidity to ensure their easy realisation.

RBI may cut rates early next year: Rangarajan

Last Updated: Thursday, December 18, 2014, 17:44

The Reserve Bank of India may go for rate cut early next year as price situation is showing 'definite improvement', former chairman of Prime Minister's Economic Advisory Council, C Rangarajan said on Thursday.

RBI rate hike a commitment to check inflation: Rangarajan

Last Updated: Tuesday, January 28, 2014, 18:20

The Reserve Bank's hiking the key lending rate by 0.25 percent is a reflection of its "strong commitment" to check inflation, Prime Minister's Economic Advisory Council (PMEAC) Chairman C Rangarajan said Tuesday.

AIADMK, CPI(M) nominees file papers for RS polls

Last Updated: Monday, January 27, 2014, 18:08

Four AIADMK nominees and CPI(M)`s T K Rangarajan on Monday filed their nomination papers for the February 7 Rajya Sabha elections.

DGH disagrees with Kelkar report on oil exploration contracts

Last Updated: Monday, January 13, 2014, 14:07

Kelkar, who was Oil Secretary from 1995 to 1997, submitted the first part of his report last week.

Delays in project completion hampering growth: Rangarajan

Last Updated: Friday, January 10, 2014, 16:43

Concerned over declining growth rate, Prime Minister's key economic advisor today called for faster implementation of large projects to spur investments.

Ranga panel on NH premium divided on interest issue

Last Updated: Tuesday, January 7, 2014, 21:03

A panel, headed by Prime Minister's Economic Advisory Council Chairman C Rangarajan, was tasked with formulating the guidelines for restructuring the premium of stressed highway projects.