Gokarn was the first Indian central banker who regularised warnings to the government, through the monetary policy statement, on the need to reduce fiscal deficit. Former Reserve Bank of India......
Tension between the government, specially the finance ministry, and RBI is as old as the central bank itself Photograph: Danish Siddiqui/Reuters Deputy Governor Viral Acharya’s......
RBI often wrong-footed due to questionable data, says former governor The Reserve Bank of India’s monetary policy decisions often go astray because of erroneous data provided by the......
There is also a lobby within the bureaucracy that wants to see Rajan’s influence curtailed The government is not averse to giving Reserve Bank of India governor Raghuram Rajan a second term......
The new RBI governor takes office at a time when the economy may well be in a full-blown crisis. Five years ago, Duvvuri Subbarao’s appointment as governor of the Reserve Bank of India came......