SUBIR GOKARN

  • Will wait for full and legitimate Budget in July: Gokarn February 14, 2014

    New Delhi: With Vote on Account getting closer, experts debate if Finance Minister P Chidambaram will use the opportunity to announce changes in taxes and subsidies, a clear departure from standard practice. Speaking to Sonia Shenoy on CNBCTV18, former RBI deputy governor and current directior at Brooking India Subir Gokarn...
  • RBI's Gokarn retires, monetary policy under Subbarao January 1, 2013

    Mumbai: RBI Governor D Subbarao will now be directly incharge of the monetary policy department which was under Deputy Governor Subir Gokarn who has retired. The Monetary Policy Department looks after policy issues, including interest rate. The third quarter review of monetary policy is scheduled to be announced on January 29....
  • Inflation remains primary concern for RBI: Gokarn December 9, 2012

    Mumbai: Days ahead of the midquarter review of the monetary policy on December 18, RBI Deputy Governor Subir Gokarn on Saturday said inflation continues to the primary concern for the central bank. His comments come amid growth in the second quarter falling to 5.3 per cent in JulySeptember period, triggering...
  • Liquidity deficit in comfort zone: RBI's Gokarn December 7, 2012

    Kolkata: The Indian banking system liquidity deficit is within comfort zone and the Reserve Bank of India will take more steps to address the deficit if needed, its Deputy Governor Subir Gokarn said on Friday. "An OMO (open market operation) gives us the flexibility to respond in very short order to...
  • Fiscal deficit may touch 5.5 pc this year: RBI December 3, 2012

    Mumbai: Reserve Bank Deputy Governor Subir Gokarn on Monday said the fiscal deficit is likely to be around 5.5 per cent of the GDP this financial year, which is creating stress on the inflation front. The Finance Ministry had recently revised its fiscal deficit target for the fiscal to 5.3...
  • Retail FDI will help increase productivity: RBI October 3, 2012

    Chennai: The UPA Government's decision to allow FDI in multibrand retail will help increase productivity and ensure an efficient foodgrain distribution network to tackle high food prices, RBI Deputy Governor Subir Gokarn said in Chennai on Wednesday. "The ultimate solution to high food prices is very simply more production of...
  • No change in govt borrowing plan as of now: RBI September 23, 2012

    Mumbai: Reserve Bank deputy governor HR Khan on Saturday said there has not been any change in the government borrowing programme for this fiscal as of now. "As of now, we are going as per the budgeted amount (of borrowing)," Khan told reporters on the sidelines of a conference. Earlier this...
  • RBI has 'elbow room' to cut rates: Gokarn June 4, 2012

    Mumbai: The Reserve Bank of India (RBI) has some room to reduce policy rates following a moderate core inflation and soft global oil prices, a deputy governor said on Monday. Subir Gokarn was speaking to television channel CNBCTV18 on the sidelines of a investor conference in Mumbai. The 10year benchmark bond yield...
  • 'RBI doing everything it can to stabilise exchange rate' June 2, 2012

    Kochi: With the rupee continuing with its free fall, RBI on Friday said it was doing everything it can to stabilise the exchange rate to reduce volatility of the currency. "... That has been our approach from the time this (depreciation) started and we will continue it," RBI Deputy Governor Subir...
  • RBI says more steps to arrest rupee fall May 22, 2012

    Mumbai: Amid rupee breaching the 55 levels spelling more troubles for Indian economy, RBI Deputy Governor Subir Gokarn on Monday said the central bank will continue to take steps to stabilise the domestic currency. "There is very strong pressure on the rupee to depreciate ... we...
  • All options considered to check rupee slide: RBI May 19, 2012

    Kolkata: As rupee continued its downward slide, RBI deputy governor Subir Gokarn on Friday said all options are considered to check its fall. The steps taken by RBI "has so far contributed to stability and curbing volatility is the main aim", he said. "All options are...
  • Fiscal prudence needed at Centre, state levels: Gokarn April 7, 2012

    Mumbai: Concerned over impact of rising deficit on the economy, Reserve Bank Deputy Governor Subir Gokarn on Friday said it was imperative for Centre as well as states to follow the path of fiscal prudence. "The important thing in this year's budget is the commitment to return to the rulebased...
  • WB has competitive strengths in some industries: Gokarn April 2, 2012

    Kolkata: The growth of industry in West Bengal had been slow, but the state has the potential competitive strengths in some industrial activities, RBI Deputy Governor Subir Gokarn on Sunday said. "West Bengal is exploring a longterm strategy for industrialisation as the relative growth performance in the last decade was...
  • RBI to buy Govt securities worth Rs 12,000 cr February 24, 2012

    Mumbai: The Reserve Bank on Thursday announced that it will purchase government securities worth Rs 12,000 crore through open market operations on Friday to ease the current liquidity crisis. "Consistent with the stance of monetary policy and based on the current assessment of prevailing and evolving liquidity conditions, RBI has decided...
  • RBI to buy govt securities worth Rs 10,000 cr February 15, 2012

    Mumbai: The Reserve Bank on Tuesday announced that it will purchase government securities worth Rs 10,000 crore through open market operations on Friday to ease the current liquidity crisis. "Consistent with the stance of monetary policy and based on the current assessment of prevailing and evolving...
  • RBI for more open market operations January 31, 2012

    Chennai: India's central bank is open to more open market operations to address the issue of liquidity, said a senior official on Monday. "We are open to more open market operations if the liquidity issue needs to be addressed. The cut in CRR (cash reserve ratio) is purely a liquidity measure....
  • Moderating growth will ease inflation: Gokarn December 4, 2011

    Mumbai: India's moderating growth will help to ease inflationary pressure in the country, deputy governor of the Reserve Bank of India Subir Gokarn said on Saturday. Domestic liquidity conditions are likely to remain stretched for some time, Gokarn added, but said that the central bank would ensure that liquidity stays at...
  • RBI to act if rupee fall escalates December 4, 2011

    Mumbai: The Reserve Bank of India will use all available tools to stem a fall in the rupee if the currency's downward spiral escalates and will take steps to keep liquidity in the country's markets at comfortable levels, a deputy governor said on Saturday. The partiallyconvertible rupee has fallen around 16.5...
  • RBI keeping an eye on movement of rupee: Pranab November 19, 2011

    New Delhi: With the rupee depreciating to a new 32month low against the US dollar, Finance Minister Pranab Mukherjee on Saturday said the Reserve Bank is "keeping an eye" on the situation. "The RBI is keeping an eye on it (depreciation of rupee). They are watching the situation at the appropriate...
  • Policy stance to depend on inflation: RBI October 12, 2011

    Jaipur: Amid growing industry clamour for a pause in policy rate hikes, the Reserve Bank on Wednesday said any change in its monetary policy will depend on inflation. The overall August inflation stood at 9.8 per cent, which much higher than the RBI's comfort level of 56 per cent. "Change in...