Rangarajan said there are questions about the deflator that has been used and also on data on company affairs.
Central bank governor Shaktikanta Das trolled for degree in history; 'hopes he doesn't make RBI history', say BJP party member
Shaktikanta Das, a career bureaucrat, is a post-graduate in history from St Stephens College and the first non-economist to take charge of the central bank. However, he has pursued a financial management course from IIM Bangalore
Shaktikanta Das, Narendra Modi’s demonetisation man, has a fresh task at hand: Tame a rebellious central bank
Two years after note ban, Shaktikanta Das has been given another task by the Modi government--to douse the raging fire at Mint Road
RBI complains too much; its role has been better defined, powers expanded over four years of Narendra Modi govt
Historically, finance ministers have sought to accelerate growth and boost credit, while RBI governors have prioritised stability and control of inflation.
Narendra Modi govt must not trigger chaos in economy and put India on the backfoot by invoking Section 7; hold on Urjit Patel
Urjit Patel has never been a darling of the media unlike his predecessor Raghuram Rajan
RBI vs Narendra Modi government: Public spat won’t help, but India’s best bet is not to mess with its central bank
Almost every RBI governor, be it Y V Reddy or D Subbarao, have pitched for central bank autonomy in public forums inviting the wrath of the government of the day.
After two years at RBI, Urjit Patel’s silence is more eloquent now than ever before on central bank's independence
Except in the demonetisation episode, Urjit Patel cultivated an image that built his persona as a lone warrior who fought to safeguard the independence of the RBI and brought in the much-needed structural changes in the way India looked at monetary policy.
Subbarao argued that demonetisation was not required for the digitisation drive and that the fourth quarter GDP slowed down substantially due to it.
Subbarao said that though cost and benefit of this demonetisation exercise is a very contentious debate, the subject of policy innovation is not contentious.
Demonetisation will result in disinflation, among other benefits, says D Subbarao
In his three-year term at RBI that began on 4 September, 2013 Rajan has mostly sought to play down the differences between the central bank and the government or on RBI’s autonomy, suggesting there is a healthy relation between the two establishments.
A day before demitting office, Reserve Bank Governor Raghuram Rajan today said the RBI's ability to say 'no' to highest echelons of government has to be protected as the country needs a strong and independent central bank.
"I think the way the speeches are sometimes interpreted, when you read the speeches it comes out the way the criticism appears," he said.
While the outgoing RBI governor is known as somebody who openly took on the government's critical reform initiatives in last year or so, Patel is known as someone who has so far mainly stuck to his mandate and commented mostly on monetary policy-related issues
Dr Rajan today said the RBI has in-principle reached an agreement with the Parliamentary Standing Committee on the proposal that the central bank top brass led by the Governor should depose twice a year before the panel.
P Chidambaram said D Subbarao's term was extended despite tension between the UPA govt and RBI. Presently, there is no tension between the two but Raghuram Rajan is not given an extension
After current governor Raghuram Rajan’s surprise exit announcement last month, several names have been doing rounds, with speculations initially strong on NITI Aayog Vice Chairman, Arvind Panagariya.
Chidambaram referred to UCO Bank Chairman R K Thakkar’s remarks that there was no credit demand in the manufacturing sector, which, he said meant no investments were being made.
It is a clear message that the government doesn’t agree with Rajan’s critics such as BJP MP Subramanian Swamy, who argued that the central bank is deliberately keeping rates too high and thus killing economic growth.
D Subbarao said the professional competence of RBI is best in the world