MNCs too responsible for tax rows, not only govt: Raghuram Rajan

Blaming multinational corporations squarely for tax controversies, Reserve Bank Governor Raghuram Rajan Thursday said their indulgence in avoidance and evasion results in prolonged legal battles.

Interest rates not holding back economy: Raghuram Rajan
Interest rates not holding back economy: Raghuram Rajan

A day after leaving interest rates unchanged for the second time in as many months, RBI Governor Raghuram Rajan on Wednesday said interest rates are not holding back the economy.

RBI holds interest rate; Raghuram Rajan lobs ball to govt court, awaits Budget cues
RBI holds interest rate; Raghuram Rajan lobs ball to govt court, awaits Budget cues

The decision to keep repo rate on hold is based on the inflation trajectory which is moving along the set path, Rajan said, adding that if the data supports it, RBI will be accommodative.

Current CRR level optimal, no reason to move away: Rajan

Reserve Bank Governor Raghuram Rajan Tuesday said the current level of cash reserve ratio (CRR) at 4 percent is ideal and there is no need for any change in it.

I see myself teaching in US in five years: Raghuram Rajan
I see myself teaching in US in five years: Raghuram Rajan

Rajan is on-leave Distinguished Service Professor of Finance at the University of Chicago Booth School of Business.

RBI to look at full Budget while taking a call on rates: Raghuram Rajan
RBI to look at full Budget while taking a call on rates: Raghuram Rajan

Reserve Bank Governor Raghuram Rajan Tuesday said Budget proposals will have a major bearing on the future course of the monetary policy, and RBI is looking at a broader package involving structural reforms helping supply side bottlenecks and higher quality spending in the document.

RBI sees economy growing at 7.4% in FY16; above WB projection
RBI sees economy growing at 7.4% in FY16; above WB projection

Reserve Bank Tuesday kept its growth projections for Indian economy unchanged at 7.4 percent for the current fiscal, a tad higher than 7.3 percent forecast by the World Bank.

RBI plays ball with govt, to simplify rules for start-ups
RBI plays ball with govt, to simplify rules for start-ups

Rajan cited the difficulties faced by entrepreneurs, starting right from the complicated contracts for fund raising, which are not allowed under the Foreign Exchange Management Act.

Expert View on Credit Policy
Expert View on Credit Policy

Expert View on Credit Policy.

RBI keeps interest rates unchanged
RBI keeps interest rates unchanged

RBI keeps interest rates unchanged

RBI expects inflation to be around 5%; doesn't factor in 7th Pay Commission award
RBI expects inflation to be around 5%; doesn't factor in 7th Pay Commission award

Raghuram Rajan said that it would broadly be not fair to say that the RBI has become more hawkish over time.

RBI monetary policy review today: What to expect
RBI monetary policy review today: What to expect

Amid rising inflationary pressures, RBI may maintain status quo in the monetary policy review Tuesday.

RBI policy review: Raghuram Rajan may hold rates to check inflationary pressures
RBI policy review: Raghuram Rajan may hold rates to check inflationary pressures

Amid rising inflationary pressures, RBI may maintain status quo in the monetary policy review Tuesday and wait for cues from the Budget that would provide key macroeconomic direction.

Raghuram Rajan warns against fiscal deficit driven growth
Raghuram Rajan warns against fiscal deficit driven growth

Rajan said that macroeconomic stability during the global turmoil cannot be risked and the government and RBI should continue to bring down inflation.

 

Raghuram Rajan raises doubt over new GDP methodology
Raghuram Rajan raises doubt over new GDP methodology

In his convocation address, citing the example of two mothers who babysit each other's kids, he said there is a rise in economic activity as each pays the other, but the net effect on the economy is questionable.

RBI Guv Raghuram Rajan lashes out at Vijay Mallya for lavish birthday bash?
RBI Guv Raghuram Rajan lashes out at Vijay Mallya for lavish birthday bash?

Vijay Mallya recently celebrated his 60th birthday in Goa with about 500-600 guests including a performance by international pop star Enrique Iglesias.

Raghuram Rajan to wait for Budget roadmap before next rate cut: HSBC
Raghuram Rajan to wait for Budget roadmap before next rate cut: HSBC

Even though the fall in oil prices has created some space to ease rates, HSBC Wednesday said it expects RBI Governor Raghuram Rajan to maintain status quo in the forthcoming policy review and wait for the fiscal roadmap presented in the Budget.

Raghuram Rajan joins WEF task force on global financial system
Raghuram Rajan joins WEF task force on global financial system

Reserve Bank Governor Raghuram Rajan has joined a task force of the World Economic Forum (WEF) to study the future of global financial system, whose members include bankers and policymakers from across the world.

Don't forget society in name of shareholder value: Rajan to companies
Don't forget society in name of shareholder value: Rajan to companies

Stating that the meaning of the maximising of shareholders' value has gone through a change, Rajan gave example of "a bunch of employees contributing a huge value to a firm", but the benefits of the value actually going to the shareholders.

Central bankers can't solve all economic worries: Raghuram Rajan

Stating that monetary policies alone cannot change the world, RBI Governor Raghuram Rajan Wednesday said the governments need to create an underlying framework for growth in the long term for the world economy.