Free Press Journal
  • rbi

    First MPC meet: All members favours rate cut to spur growth

    Mumbai : All the six members of the Monetary Policy Committee (MPC) voted in favour of 0.25 per cent cut in interest rate to spur economic growth as RBI Governor Urjit Patel said the 5 per cent inflation target for the fourth quarter is achievable despite upside risk.

  • Dhananjay Munde demands ouster of Mahadev Jankar

    Mumbai: In a significant development, NCP leader and leader of opposition in the state council, Dhananjay Munde, has said that he will meet the Governor and demand the ouster of state minister Mahadev Jankar from his position for making certain derogatory remarks.

  • RBI Guv-led panel cuts repo rate by 25 bps at 6.25 per cent

    In the maiden monetary policy of the new Governor, Urjit Patel, the Reserve Bank of India,  maintained that RBI will continue its liquidity stance by focusing on lowering the liquidity deficit. Unlike past governors, the RBI Governor, Urjit Patel  does not hold complete authority over the monetary policy as the six-member Monetary Policy Committee (MPC) will decide on the monetary policy. The MPC cut the repo rate by 25 basis points (bps) to a

  • RBI unlikely to cut rates in policy review on Tuesday

    Mumbai : Ahead of RBI’s monetary policy review on Tuesday, that will be the first by the newly-set up Monetary Policy Committee as well as by new Governor Urjit Patel, experts said it is unlikely to lower rates at its maiden review as it awaits more data on inflation.

  • Shahabuddin’s remark irks Nitish Kumar, BJP giggles

    Patna : RJD vice-president Md Shahabuddin’s statements against Nitish Kumar are making NDA leaders happy. While BJP has decided to organise protest dharnas at district headquarters on September 14 (after Eid festivities), a delegation of the party leaders have sought an appointment with the Governor too.

  • Govt hopes Patel will ‘rise to occasion’, curb inflation

    New Delhi :  The government on Monday hoped that Governor-designate Urjit Patel will “rise to the occasion” and use his experience of handling monetary policy at RBI to maintain a balance between inflation and economic growth.

  • Markets Set To Cheer New RBI Governor Urjit Patel

    New Delhi : The stock market is expected to cheer the appointment of Reserve Bank’s Deputy Governor Urjit Patel as the new Governor, which the experts say has sent a clear message to investors about continuity in policy.

  • ‘Whatever I say will be problematic’

    London : Reserve Bank’s outgoing Governor Raghuram Rajan, whose outspoken views have often been seen as being critical of the government, feels whatever he will say on Prime Minister Narendra Modi will be ‘problematic’.

  • ‘Need to tackle illegal deposit raising’

    Mumbai : The Reserve Bank Governor Raghuram Rajan on Thursday said it is important to tackle illegal raising of deposits while the crime is in progress given the nimbleness of such “fly-by-night” operators. “We have to do this (tackle it) before the fly-by-night operator runs away with the money. We have to stop the crime in progress,” he said at an event. Underlining the challenges in fighting the menace, the outgoing Governor said

  • Raghuram-Rajan

    ‘Helicopter money’ may not be answer to weak growth, asserts RBI chief

    Bali : Reserve Bank of India Governor Raghuram Rajan has expressed doubt over the effectiveness of ‘helicopter money’ as a solution for stagnating economies to boost growth, saying it may not add “significantly” to already-robust fiscal expansion.

  • raghuram-rajan

    RBI Governor rules out further interest rate cut

    Hyderabad : Raghuram Rajan, Reserve Bank of India governor, who will be demitting office in less than two months, on Monday said that the rupee level currently is pretty reasonable and any attempt to devalue it may lead to a surge in inflationary pressures and offset any benefits.

  • Black-Money

    Tussle over how to kill the Indian economy

    Reserve Bank of India (RBI) Governor Raghuram Rajan has withdrawn his name from the candidates being considered for appointment as Governor after his term comes to an end. He had resisted pressure from the Government to reduce the interest rates. As a result, the government was unhappy with him. Perhaps he saw the writing on the wall and chose to withdraw his candidature so that his self-esteem was not hurt.

  • Chidambaram

    ‘Rajan has right to speak on all issues’

    New Delhi : As controversy continues to rage over the exit of Raghuram Rajan as Reserve Bank Governor, former finance minister P Chidambaram today said he believes Rajan had every right to speak out on issues that were not strictly within his brief.

  • Rajan a ‘great’ central bank Governor: WB President

    New Delhi:  Describing Raghuram Rajan as a “great” central bank governor, World Bank President Jim Yong Kim  hoped that the Indian leadership will continue with the policy of having an independent Reserve Bank chief.             “He (Rajan) is so well respected. I think he has done a great job,” Kim, who is here on a two-day visit, told reporters at the India office of the World Bank.  On Rajan’s untimely exit, Kim