Rbi Reserves

GDP data at five-year low mirrors all that is wrong in Indian economy; Narendra Modi's new govt must take note

There is a need for deep introspection and direct action to revive the economy.

Decision on excess reserves should rest with RBI alone, to take away it's autonomy poses risk to economy: Former CEA Kaushik Basu

The final decision on transferring a part of the excess reserves to the government has to be that of the Reserve Bank (RBI) alone and any attempt to take away its autonomy could pose a risk to the economy, warns former chief economic advisor Kaushik Basu.

Govt not seeking RBI surplus funds to meet fiscal deficit: Union minister Pon Radhakrishnan

The minister in a written reply to the Rajya Sabha said, "No, sir. Government has not asked funds from its surplus reserves to meet fiscal deficit."

RBI governor Urjit Patel has been a victim of NDA sledging, which is simply not cricket

It must be remembered that unlike his predecessor Raghuram Rajan, Urjit Patel supported, not so reluctantly, the controversial 2016 decision to demonetise high-value currency notes.

Urjit Patel resignation: After the truce talk, governor's shocker is surprising; needs clarity

The next few days will be very crucial for the central bank and markets and the earlier a decision taken on Urjit Patel's resignation, the better it will be to eschew speculation

Expert panel on Reserve Bank of India's economic capital framework likely to be formed this week

In its nine-hour meeting held last week, the Reserve Bank of India's board had decided to constitute a committee of experts to examine the ECF

Arun Jaitley says government does not need RBI funds in next six months, Centre keen to gain control over bank reserves

Critics accuse the government of trying to undermine the RBI's authority, but Arun Jaitley said the BJP-led government respected the institution’s independence.

S Gurumurthy makes case for calibration of RBI's Rs 9.6 lakh cr reserves, says no central bank maintains such high surplus

Gurumurthy, who was appointed to the board of RBI a few months back, said the capital adequacy ratio prescribed in India is 1 percent higher than the global Basel norms