Tag Archives: raghuram rajan

Chak de India: IMF chief Lagarde upbeat on India future

Calling India a “bright” spot on the global economic horizon, IMF Managing Director Christine Lagarde on Monday said the country was bigger than what is perceived and must seize its moment to excel and show the world its consumer power. “Chak de India!” or come on India, Laarde said in her speech at Lady Shriram College here, as she commenced ...

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RBI keeps interest rates same, markets follow remaining flat

As expected, the Reserve Bank of India (RBI) on Tuesday decided to keep key interest rates unchanged in its 5th bi-monthly meeting, while markets reacted to the decision registering a slight decline or remaining flat. The apex bank kept the repo rate, or the interest that banks pay when they borrow money from the RBI to meet their short-term fund ...

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De-regulate Diesel Prices: RBI Governer urges Centre

RBI Governor Raghuram Rajan on Monday urged the Centre to completely de-regulate diesel prices in the wake of falling global crude oil prices. He said, “De-regulation will empower state-owned oil firms to change rates in tandem with crude oil prices like in the case of petrol. In January 2013, the government started a phased de-regulation by allowing up to 50 ...

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Raghuram Rajan signed banknotes soon!

The Reserve Bank of India (RBI) will shortly issue banknotes of Rs.1,000 and Rs.20 denomination incorporating rupee symbol and bearing the signature of governor Raghuram Rajan. According to a statement released by the RBI Tuesday, these banknotes will be in the Mahatma Gandhi Series-2005. “The design of these notes to be issued now is similar in all respects to the ...

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