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As many as 50 heads of state from a mix of G20 and G7 countries as well as 200 cabinet ministers and 1,500 business leaders are attending the World Economic Forum in Davos.
Two other specific areas of operations of the Reserve Bank of India, namely, the Reserve Bank‘s budget and constitution of Monetary Policy Committee were also discussed.
FSDC, which was set up in December 2010 to strengthen and institutionalise the mechanism for maintaining financial stability, enhancing inter-regulatory coordination and promoting financial sector development, will hold its 15th meeting tomorrow, official sources said.
Market is expecting positive credit commentary from new RBI governor Raghuram G Rajan on September 18, says Robert Prior-Wandesforde, Director, Asian Economics Research, Credit Suisse
As wholesale inflation started inching downward this summer, the Governor, a topper in the Civil Service exam in 1972, was faced with problem of falling rupee. Rupee against the dollar has depreciated over 20 per cent in the last three months and is at present hovering over 65 to the greenback.
Reserve Bank of India governor-designate Raghuram G Rajan on Tuesday said there is no magic wand to pull the country instantly out of challenges being faced by the economy.
India will have to devise a strategy to deal with the global economic situation which faces serious challenges, new Chief Economic Advisor Raghuram G Rajan said today.
Is America pushing the world irretrievably into disaster with its fiscal adventurism?
