Michael Patra appointed RBI deputy governor for 3 years, likely to handle monetary policy department
Patra, a Ph.D. in Economics from IIT-Mumbai, is also a member of the Monetary Policy Committee (MPC) and is said to be an inflation-hawk.
Shaktikanta Das as RBI governor: Central bank is a quiet, but happening place with current chief at helm for a year
Shortly before his resignation, one of former RBI governor Urjit Patel’s deputies, Viral Acharya, had made a scathing attack on the government on the issue of RBI’s autonomy in one of his speeches
‘Monumental mismanagement of Indian economy’: Congress leader Anand Sharma slams PM, FM for deflecting attention from real issues
Congress leader Anand Sharma said, Narendra Modi and Nirmala Sitharaman are continuously deflecting public attention from real issues
Digvijaya Singh slams Narendra Modi govt after RBI transfers Rs 1.76 lakh, says Centre 'has no clue what terrible recession our country is facing'
Senior Congress leader Digvijaya Singh on Wednesday slammed the Prime Minister Narendra Modi-led Central government after the Reserve Bank of India decided to transfer Rs 1.76 lakh crore to Centre
RBI to transfer highest-ever surplus of Rs 1.76 lakh cr to govt; all you need to know about central bank's excess capital
The Narendra Modi government and the RBI under its previous governor Urjit Patel had been at loggerheads over the optimum level of surplus capital with the central bank.
RBI is the new LIC for govt to rescue economy; with Rs 1.76 trillion bonanza, it just saved Nirmala Sitharaman from a fiscal embarrassment
This RBI-sponsored stimulus package is also a major face-saver for Finance Minister Nirmala Sitharaman who has been caught in an extremely difficult fiscal situation.
Govt gets windfall gain of Rs 1.76 lakh cr from Reserve Bank of India; raises expectation of fiscal stimulus
A source familiar with discussions said the government will use the funds to stimulate the economy by cutting taxes
The Bimal Jalan committee, constituted to assess the adequate size of capital reserves that the RBI should hold, submitted its report today
RBI may cut interest rates by 40 basis points before this fiscal-end; monetary easing insufficient to boost economic growth: Fitch
RBI has cut interest rates four times this year but the transmission of the same by banks to borrowers has lagged.
Bimal Jalan panel to submit report to RBI soon; suggests transfer of cental bank’s surplus capital in tranches over 3-5 years
The six-member panel, under former RBI governor Jalan was appointed on 26 December 2018, to review the economic capital framework for the RBI.
In the shadows of a debt crisis: A closer look at how IL&FS episode unfolded and impacted the larger economy
IL&FS has not just failed to bring private capital into the infrastructure sector but has used public assets to create opportunities for itself
RBI capital transfer: Bimal Jalan panel likely to get extension to finalise report; govt to replace its representative after SC Garg's transfer
The government and the RBI, during the tenure of the previous governor Urjit Patel, had been at loggerheads over the surplus capital with the central bank.
Subhash Chandra Garg’s exit and Bimal Jalan report: Did dissent on surplus transfer trigger top official’s ouster from FinMin?
The ECF is one issue, but Garg has spearheaded too many controversial battles for the Finance Ministry with the RBI.
Outspoken deputy governor Viral Acharya ends his RBI stint; will return to teach at New York University
Viral Acharya ended his stint as the Deputy Governor of the Reserve Bank on Tuesday, after last month's surprise resignation where the outspoken academic chose to cut short his time in office
A failure on the part of banks, the government and the regulator till 2014 has got us into the current bad loan mess and the resultant low capital buffers, Urjit Patel, the past Reserve Bank Governor, has said, asking all to resist the temptation of going back to the status quo
Bimal Jalan panel on RBI's capital size again defers report submission deadline till Budget next month
The six-member panel, under former RBI governor Jalan, was appointed on 26 December, 2018, to review the Economic Capital Framework (ECF) for the RBI
The sources said the move was made by Finance Secretary Subhash Chandra Garg, one of the six-panel members, but it was not immediately clear if it could block the proposals or lead to changes in them.
Viral Acharya resigns from RBI: Why deputy governor’s untimely exit will be watched for implications on monetary policy
Acharya entered the scene at RBI as a low profile candidate. Unlike Rajan, not many knew him prior to this post. But for sure, Acharya isn’t exiting as a low key
Viral Acharya resigns as RBI Deputy Governor: A strong believer in the central bank's independence and autonomy
Viral Acharya has quit six months before his three-year term as the deputy governor in charge of the monetary policy department ends
Viral Acharya confirmed his departure from the RBI due to 'unavoidable pesonal reasons'.