Mumbai, Dec 30 (IANS) The year 2016 has been the most momentous since India's Independence for the Reserve Bank on account of a trinity of events -- Raghuram Rajan's exit from the governorship, the decision on interest rates for the first time by a Monetary Policy Committee and the demonetisation of high-value currency last month.
Mumbai, Dec 30 (IANS) On the eve of the deadline for citizens to deposit demonetised currency in banks, Reserve Bank of India (RBI) Governor Urjit Patel said that demonetisation will have a transformative effect on the economy going forward, despite some short-term disruptions and "public hardship".
Central bankers are often called Masters of the Universe. No period in financial history has proven this more than the aftermath of the global financial crisis (GFC). It was the unorthodox methods of the central bankers -- especially those of Western, developed economies -- that saved the financial system from falling off a cliff and, in turn, saved the real economy from The Great Depression-like economic circumstances.
New Delhi, June 18 (IANS) Congress leader P. Chidambaram on Saturday accused the NDA government of a planned campaign of insinuations and baseless allegations against RBI Governor Raghuram Rajan and said he was disappointed but not surprised by the economist's decision to leave the bank after completion of his term.