RAGHURAM RAJAN

  • Arvind Subramanian is a creative thinker: US think tank October 16, 2014

    Washington: Arvind Subramanian, appointed as India's Chief Economic Adviser, is more than just a mainstream macro-economist and is a creative thinker, the head of a top American think tank on economic issues said on Thursday. "Arvind is much more than your mainstream macro-economist. He is an immensely knowledgeable and creative...
  • RBI's fresh agility helps tame India's money market volatility October 9, 2014

    Mumbai: The Reserve Bank of India (RBI) has finally made progress in taming the country's volatile money markets, displaying two traits it has been rarely associated with in the past: flexibility and a willingness to correct course mid-way. The overnight cash rate, a key indicator of liquidity, has recovered from a...
  • Finance Ministry, RBI to decide on monetary policy framework by December end October 7, 2014

    New Delhi: The Finance Ministry and the RBI will finalise a new monetary policy framework by December end under which the central bank will pursue the retail inflation target to be decided by the government. According to official sources, the internal work for the new...
  • RBI has no bias either to cut or hike rates: Raghuram Rajan October 1, 2014

    Mumbai: The Reserve Bank has no bias either to cut or hike the key rates and the direction of the monetary policy will be influenced entirely by data, Governor Raghuram Rajan said on Wednesday. "Our policy stance today is reasonable and we see no reason to alter it today based on...
  • Coalgate: System has flexibility to deal with loans, says Raghuram Rajan September 30, 2014

    Mumbai: Reserve Bank Governor Raghuram Rajan on Tuesday said that there is already "fair amount of flexibility" in the system to deal with loans impacted by the Supreme Court order to de-allocate 214 coal blocks. "I will reiterate that whenever we have issues of flexibility coming up, the real issue...
  • System has flexibility to deal with loans: Raghuram Rajan on Coalgate September 30, 2014

    Mumbai: Reserve Bank Governor Raghuram Rajan on Tuesday said there is already "fair amount of flexibility" in the system to deal with loans impacted by the Supreme Court order to de-allocate 214 coal blocks. "I will reiterate that whenever we have issues of flexibility coming up, the real issue is putting...
  • Need to break back of inflation: Raghuram Rajan September 25, 2014

    Mumbai: Reserve Bank Governor Raghuram Rajan said there was a need to "break the back" of inflation which remains high and controlling it would make the apex bank's position more comfortable. "The real problem is inflation that is persistent. We have been emphasising again and again in order to break...
  • Raghuram Rajan bats for more freedom to staterun banks September 15, 2014

    Mumbai: Batting for greater autonomy to staterun lenders, RBI Governor Raghuram Rajan on Monday said that the government should look at them as truly "independent entities" that take their own commercial decisions and not as an extended arm of the administration. He also said that while it was fine for the...
  • RBI Governor urges Centre to deregulate diesel prices September 15, 2014

    Mumbai:Even as the government is continuing with a phased deregulation of diesel prices, RBI Governor Raghuram Rajan has urged the Centre to completely deregulate diesel prices. Rajan on Monday said diesel price deregulation is especially important in the wake of rising global crude oil prices. "Deregulation will empower stateowned oil firms...
  • Don't follow straightjacket approach on inflation: RBI September 11, 2014

    New Delhi: Reflecting differences within the Reserve Bank, noted economist and RBI's independent director Indira Rajaraman on Thursday said that the central bank should not follow a straightjacket approach of controlling inflation. "I think the RBI made things harder for itself by this straightjacket approach of committing themselves to inflation...
  • Grand, big picture reforms in India may take some time: Raghuram Rajan September 7, 2014

    New York: India's new government may take some time to unveil "grand, big picture reforms" as it is currently focusing on implementation of stalled projects worth US dollar 5070 billion that will pay dividends in the short run by helping on the inflation and income fronts, RBI Governor Raghuram Rajan...
  • Inflation still high, says RBI governor September 5, 2014

    Mumbai: Ahead of the policy review by monthend, Reserve Bank Governor Raghuram Rajan has said that inflation is still high. "... but inflation still remains high on supplyside rigidities," Rajan was quoted as telling a conference in Boston, USA, by the organisers Citi. ...
  • No one else but Mahatma Gandhi on currency notes: Raghuram Rajan August 12, 2014

    Mumbai: As speculation swirled about various names for Bharat Ratna, Reserve Bank Governor Raghuram Rajan on Monday said that nobody but Mahatma Gandhi should feature on the currency notes. "There are so many great Indians, but of course he (Gandhi) stands above head and shoulders above every one. There are many...
  • Rajan says western governments must do more to revive economies August 12, 2014

    Mumbai: Reserve Bank Governor Raghuram Rajan on Monday said he would like the political systems in developed countries to do more rather than depending on monetary policies to boost their sagging economies. "My colleagues in industrial countries are trying too hard (to revive their economies), and I would prefer monetary policy...
  • Crony capitalism hampers economic growth: RBI governor August 11, 2014

    Mumbai: Reserve Bank Governor Raghuram Rajan on Monday came out strongly against "crony capitalism", saying it kills transparency and competition and hence is harmful to free enterprise, opportunity and economic growth. "By killing transparency and competition, crony capitalism is harmful to free enterprise, opportunity, and economic growth," Rajan said, delivering a...
  • RBI's tough inflation stance risks standoff with Modi government August 9, 2014

    Mumbai/New Delhi: Reserve Bank of India (RBI) Governor Raghuram Rajan has set himself a target of lowering consumer inflation and is even ready to raise rates to achieve it, risking friction with the new government if he is seen as overstepping. Rajan, well known within the RBI for pragmatism, now must...
  • India's central bank governor warns of global market 'crash' August 7, 2014

    Mumbai: India's central bank governor Raghuram Rajan says global markets are at risk of a "crash" should investors start bailing out of risky assets created by the loose monetary policies of developed economies. The comments, carried in an interview with Central Banking Journal, reiterate Rajan's previous warnings that emerging markets were...
  • India no longer a problem economy: Raghuram Rajan August 5, 2014

    Mumbai: Reserve Bank Governor Raghuram Rajan on Tuesday said India has emerged from the perception of being in crisis and has placed itself as a better place to remain invested. "I keep telling the international fora that India is not a problem any more. I think there was a perception problem...
  • RBI Governor launches Indian Bank's mobile branches July 12, 2014

    Chennai: As part of the urban financial inclusion initiative by public sector Indian Bank, two mobile branches with ATM facility was launched by RBI Governor Raghuram G Rajan. Rajan recently launched two mobile branches with ATM facility to provide banking services in areas of Royapuram, Tiruvotriyur, Tondiarpet in North Chennai...
  • Raghuram Rajan says too early to declare victory over NPA battle July 10, 2014

    Chennai: Reserve Bank Governor Raghuram Rajan on Thursday said it is too early to declare victory over the high nonperforming assets in the system, which will improve only with an uptick in growth expected during this fiscal. "I think, the most immediate problem we have to confront is that of rising...
  • Poverty definition immaterial for financial services: Raghuram Rajan July 2, 2014

    Mumbai: As the debate over the definition of poverty continues, Reserve Bank of India Governor Raghuram Rajan on Wednesday said that descriptions don't matter when it comes to financial services, which are unavailable for a large number of people. "It doesn't matter that we have a precise definition. There's so much...
  • Proper food management to help ease price rise: RBI June 17, 2014

    Mumbai: The Reserve Bank on Tuesday said it is closely watching inflation situation and hoped that proper food management will help in easing of food prices. "We are watching inflation situation. Food prices have had an effect in the last couple of months," RBI governor Raghuram Rajan said, adding food prices...
  • India watching Iraq, economy prepared to deal with shocks: RBI June 17, 2014

    New Delhi: Reserve Bank of India Governor Raghuram Rajan said the country is watching the Iraq situation, but despite the uncertainty the domestic economy is better prepared to deal with any shocks on the external front. The rupee tumbled to its lowest level in nearly two months on Tuesday on the...
  • Jaitley underlines need to lower cost of business to up growth June 7, 2014

    Mumbai: Ahead of the union budget, Finance Minister Arun Jaitley met financial sector regulators in Mumbai on Saturday. The meeting was to discuss the current financial and economic indicators. The meeting was also to take up suggestions on the forthcoming policy of the goverenment. Jaitley has been holding a series...
  • News 360: Union Minister Gopinath Munde dies in road accident in Delhi June 3, 2014

    In a tragic turn of events on Tuesday morning, Union Minister for Rural Development Gopinath Munde died of multiple internal injuries after his car was hit by another vehicle in Delhi. The 64yearold Munde, who is survived by his wife and three daughters, was going to the Delhi airport to...
  • Inflation not easing soon; rate hike likely by December: Analysts June 3, 2014

    Mumbai: As the Reserve Bank maintained a status quo on key policy rates, analysts said that higher demand due to supply constraints will not allow inflation to ease as quickly as anticipated and the apex bank may be forced to increase rates once more by the yearend. In its second...
  • RBI keeps key policy rates unchanged; slashes SLR by 0.5 per cent June 3, 2014

    There have been no changes in key policy rates by the Reserve Bank of India. While announcing the second bimonthly monetary policy, 201415, in Mumbai on Tuesday, RBI Governor Raghuram G Rajan said that the apex bank has kept the policy repo rate under the liquidity adjustment facility (LAF) unchanged...
  • RBI Governor meets PM Narendra Modi, briefs him on Budget issue June 1, 2014

    New Delhi: Governor of the Reserve Bank of India Raghuram Rajan on Sunday met Prime Minister Narendra Modi for discussions over the Union Budget. Since the previous government's term ended in May, the UPA government had rolled out an interim budget only till the time the new administration is installed. The...
  • RBI's '007' Raghuram Rajan faces progrowth boss in Narendra Modi May 30, 2014

    Mumbai: Hailed as a troubleshooting "James Bond" of central bankers amid India's currency crisis last year, Raghuram Rajan was given a licence to kill inflation with higher interest rates and drive a programme of monetary policy reforms. Now, the governor of the Reserve Bank of India (RBI) may need all the...
  • Narendra Modi's economic ministers get cracking May 27, 2014

    New Delhi: Prime Minister Narendra Modi's crack team of economic ministers led by Arun Jaitley in finance from Tuesday began the Herculean task of arresting price rise, reviving investor confidence and boosting growth. Jaitley, who has also been given the Ministry of Corporate Affairs, pledged to contain the price rise,...