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    • All my controversial speeches are perfectly legitimate: Rajan

      Outgoing RBI Governor Raghuram Rajan on Tuesday strongly defended his controversial public speeches as "perfectly legitimate" ones within the remit of a central bank head and asserted that he was never critical of the government in any instance.

    • India needs years of strong growth to match China:Raghuram Rajan

      The per capita income in India at current prices is estimated to be Rs 93,293, as per data on Provisional Estimates of Annual National Income and Quarterly Estimates of Gross Domestic Product 2015-16.

    • Wrong to say central banks always have a bazooka: Rajan

      In a panel discussion here on lessons learnt by the central bankers from the global financial crisis, he also took on the industrial nations for expecting the emerging markets to be "orthodox" in their monetary and economic policies at a time when they themselves have "thrown out the orthodoxy out of the window".

    • Normal monsoon key to India's continuing recovery: StanChart

      According to the global financial services major, domestic factors are likely to shape India's economic growth prospects amid global economic and political uncertainty and hence, performance of monsoon has gained importance in this fiscal year.

    • India factory growth at 3-month high in June on strong demand

      The Nikkei/Markit Manufacturing Purchasing Managers' Index (PMI) rose to 51.7 in June from May's 50.7, its sixth month above the 50 mark that separates growth from contraction after it fell below that level in December for the first time in more than two years.

    • PM Modi disapproves of Subramanian Swamy's remarks

      The Prime Minister's comments assume significance in the context of Finance Minister Arun Jaitley and the BJP distancing themselves from Swamy's recent attacks on Rajan, CEA Arvind Subramananian and Economic Affairs Secretary Shaktikanta Das.

    • Why Swamy toned down his attack on Arvind Subramanian

      Party sources said BJP president Amit Shah asked the newly-inducted Rajya Sabha MP to hold his fire against the CEA. It is also likely that senior BJP leaders Rajnath Singh and Nitin Gadkari persuaded Swamy not to embarass the government.

    • With huge London footprint, US banks gird for Brexit vote

      The vote could have a huge impact on the City of London, where US banks do most of their business for the 28 European Union member countries.

    • 'India should be ready with contingency plan on Brexit'

      Anticipating a close call between the 'leave' and 'remain' votes in the referendum, the chamber observed that there could be an upheaval in the financial markets out of sheer panic, at least in the short term.

    • Economy to see rising external, internal uncertainties: Report

      According to the global financial services major, while the medium term outlook of the economy remains constructive, latest data releases are "somewhat disappointing".

    • Rexit 'bad omen' for Indian economy, reputation abroad:Experts

      Calling RBI Governor Raghuram Rajan's exit a 'bad omen' for the Indian economy, eminent economists and former policymakers today said it will be seen by the world as India's non-approval to a policy against inflation and bad loans.

    • Opp accuses RSS, BJP ministers of lobbying against Rajan

      Congress today accused RSS and some BJP ministers of lobbying against RBI Governor Raghuram Rajan and said his decision not to seek second term was the "most unpleasant thing" for the country.

    • CLSA to add India overweight; looks for Rajan's extension

      On RBI Governor Raghuram Rajan's extension, he says a decision not to renew Rajan would create a lot of unhelpful noise, though in Greed & fear's view it would be a negative for the currency but an initial positive for the stock market since it would mean easier monetary policy.

    • RBI Credit Policy: Expect liquidity to improve in July-August, says Union Bank

      With the Reserve Bank of India keeping the key policy rate unchanged at 6.50 percent, Arun Tiwari, Chairman and Managing Director, Union Bank of India; and Shilpa Kumar, Group Executive, ICICI Bank shared their views with CNBC-TV18 on the RBI monetary policy.

    • Crony capitalists may be behind oust-Rajan calls, hints Pai

      Rajan has been facing continuous attacks by BJP MP Subramanian Swamy and some other sections, who have alleged that he has failed to lower interest rates and boost the economy.

    • Swamy fires fresh salvo; asks PM to sack Rajan immediately

      Accusing Rajan of raising interest rate to the detriment of small and medium industries, Swamy said the Governor should have known the "inevitable consequence of rising and high interest rate and his policy was wilful and thus anti-national in intent".

    • Green shoots seen in auto, cement; like aviation, Infy: Agrawal

      Raamdeo Agrawal, Join MD, Motilal Oswal Financial Services is very bullish on Infosys backed by Vishal Sikka‘s impressive leadership.

    • Rajan for guidelines by nations on monetary policy behaviour

      Rajan, who was chief economist at IMF, said if a policy has positive effects on both home and foreign countries, and therefore on global welfare, it would definitely be rated green.

    • Indian GDP growth to pick up to 7.8% in 2016-17: Nomura

      According to the Japanese financial services major, the pick up in growth numbers would be driven by several factors including higher discretionary demand on Pay Commission wage hike, low inflation, high corporate profitability, ongoing implementation of public capex and an accommodative monetary policy stance.

    • RBI may go for 25 basis points rate cut: HSBC

      In the Budget for 2016-17, the government has stuck to the pre-announced fiscal deficit target of 3.5 percent of GDP and this move is likely to have a far-reaching impact on the macro economy, according to the global financial services major.

    • No drastic devaluation of currency, China assures G20 Fin Mins

      RBI Governor Raghuram Rajan and Additional Finance Secretary Dinesh Sharma are taking part in the G20 meet which kicked off here last night.

    • Relax lending norms for road projs:NHAI Chairman to RBI Governor

      RBI has extended its flexible refinancing and repayment option for long-term infrastructure projects to existing ones where the total exposure of lenders is more than Rs 500 crore.

    • Budget 2016: Govt to present 'run-of-the-mill' Budget, says Nomura

      According to the Japanese financial services major, the government is likely to meet its fiscal deficit target of 3.9 percent of GDP in the current financial year, but in 2016-17 it might slip to 3.7 percent as against an earlier target of 3.5 percent.

    • Rupee nears record low; volatility surges

      The rupee fell to as low as 68.67 to the dollar, not far from a record low of 68.85 hit in August 2013 when India was struggling with its worst financial turmoil since the 1991 balance of payment crisis.

    • Finmin, RBI on same page on monetary policy committee: Das

      RBI Governor Raghuram Rajan had said last week that the central bank has finished negotiations with the Finance Ministry on the issue of the MPC.

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