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Speaking to Congress leader Rahul Gandhi, RBI ex-governor Raghuram Rajan stressed India needs to manage reopening well, said further lockdowns after reopening could be devastating.
After the three-day Monetary Policy Committee (MPC) meeting which ended on March 27, the RBI reduced the key policy rate by 75 basis points.
Supreme Court threatened contempt proceedings against Bharti Airtel, Vodafone Idea and other telecoms Friday for failing to comply with directive to pay past dues.
The RBI’s Monetary Policy Committee Thursday stunned economists and market analysts by retaining the key interest rate at 5.15 per cent after pushing through five consecutive rate cuts since February.
The Reserve Bank of India Thursday cut the benchmark repo rate by 25 basis points to 6 per cent in its first bi-monthly monetary policy review.
On his 123rd birth anniversary, ThePrint takes a look at the life of the civil servant who was also Union finance minister and Planning Commission member.
RBI board is likely to sign off on terms of reference of the committee that will look into the issue of transfer of surplus RBI reserves.
Long-term reform requires a vision and the willingness of the government and the new RBI Governor to risk political capital.
The new RBI chief Shaktikanta Das comes in at a time when inflation is trending lower in India amid an easing in food and energy costs.
Shaktikanta Das has served under the Modi government but civil servants appointed to the post of RBI governor don't always toe the line.
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