As RBI searched for answers for elevated inflation, Subir Gokarn came up with the idea of protein inflation. In a controversial speech in October 2010, he said with rising incomes Indians were consuming more proteins in the form of dals, eggs and meat.
Former Reserve Bank of India Governor and renowned economist Subir Gokarn passed away on July 30.
In an interview to CNBC-TV18's Latha Venkatesh, Bibek Debroy, Member of NITI Aayog and Subir Gokarn, Executive Director of International Monetary Fund (IMF) shared their readings and outlook the Budget.
"What the government did on Tuesday is essentially to bring the best practice of demonetisation into play. If you are doing this every five-six years, you are introducing new series with more advanced safety features and when you do that, you are immediately demonetising all the old series," Gokarn told a BSE summit here this evening.
Recent rumours from the Finance Ministry suggest that the announcement of RBI's new governor is likely to take place today.
SP Tulsian of sptulsian.com shared his views on which cement stocks to look at and the rationale behind his bullishness on RBL Bank IPO.
Quoting a subscription news service, Cogencis, Finance Minister Arun Jaitley is meeting with Prime Minister Narenda Modi Thursday to make a final call on who should succeed Raghuram Rajan as governor of the Reserve Bank of India.
The current RBI governor Raghuram Rajan‘s term is set to end on September 4, 2016. Initially, government sources had listed six possible names for the governor post including NITI Aayog Vice-chairman Arvind Pangariya and State Bank of India chief Arundhati Bhattacharya.
Consumer prices in June are estimated to have risen 5.73 percent on an annual basis, according to a Reuters poll, a tad lower than May's 5.76 percent - the fastest pace since August 2014.
"Domestic markets have put their faith behind the Indian central bank as a credible and independent institution, pinning hopes that Governor Rajan's successor will also prioritise inflation over other economic objectives," it said.
The Rajya Sabha member, who consistently attacked RBI Governor Raghuram Rajan and then took potshots at Finance Minister Arun Jaitley, has been lying low after the BJP leadership indicated its unhappiness and Modi voiced disapproval of his conduct.
The four short-listed candidates are: Reserve Bank of India Deputy Governor Urjit Patel, former deputy governors Rakesh Mohan and Subir Gokarn and State Bank of India Chair Arundhati Bhattacharya.
A senior government official said the four were: RBI Deputy Governor Urjit Patel; former deputy governors Rakesh Mohan and Subir Gokarn; and State Bank of India Chair Arundhati Bhattacharya.
Looking to finalise RBI Governor Raghuram Rajan's successor at the earliest, government is considering SBI chief Arundhati Bhattacharya, former RBI deputy governor Subir Gokarn and Economic Affairs Secretary Shaktikanta Das among the probable contenders
Deputy governor Urjit Patil may be leading the pack of contenders to form the office at the Reserve Bank of India, learns CNBC-TV18.
With Reserve Bank of India (RBI) Governor Raghuram Rajan unwilling to head the central bank for the second term, senior government officials say that State Bank of India (SBI) Chairperson Arundhati Bhattacharya is the frontrunner among the six contenders for the post.
Rajan and Patel had earlier worked together in the IMF in Washington. The re-appointment of Patel assumes significance as in recent past none of the deputy governors got a second term
Brickwork Ratings, a wholly Indian credit rating agency, released the fourth edition of State Finances Handbook 2015 recently in The LaLiT, New ...
While rising food inflation driven by pulses has been a never-ending discussion topic in India's macroeconomic policy-making, this time around all hell has broken loose with tur dal prices rising to more than Rs 210
The prominent applicants include Ramesh Abhishek, former FMC chairman, Subir Gokarn, former RBI deputy governor, Rajeev Kumar Agarwal, Sebi Member, Thomas Mathew, former joint secretary, Capital Markets, Arvind Mayaram, former DEA secretary
Although Tuesday Indian equity witnessed early recovery, it no way suggests an end of turbulance, says says Subir Gokarn, director-research at Brookings India.
The government had set up the Commission under the former RBI Governor in August last year to suggest steps to reduce subsidies on food, fertiliser and oil and narrow the fiscal deficit.
Richard Rekhy, CEO, KPMG India said the government should not sacrifice fiscal prudence. He feels the government can have a fiscal deficit arising out of creating assets but capital expenditure may not necessarily be bad because it will help in generating revenues.
With oil falling from USD 100 a barrel to USD 50 a barrel, Sajjid Chinoy, chief economist at JPMorgan India is expecting a current account surplus for the first time in eight years in the current January-March quarter.
The US Ambassador to India Richard Verma says President Obama's Republic Day visit goes well beyond symbolic gestures and reflects the commitment to deepen the India-US partnership.