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Rexit News

20 Aug 2016

New RBI Governor likely to be announced today

The Finance Ministry is likely to announce the next governor of the Rerserve Bank of India (RBI) today.

16 Jul 2016

ASSOCHAM appeals political parties to come on board for GST Bill

Amidst positive indications for a consensus building among the major political parties, including the Congress, the ASSOCHAM has made a strong plea both to the Government as also the principal Opposition party to get the long pending Constitutional Amendment Bill on GST passed in the Rajya Sabha within the first few days of the Monsoon session of Parliament, beginning July 18.

01 Jul 2016

Raghuram Rajan: Why RBI needed more of him

Raghuram Rajan’s parting line of communication about being “available to serve” the country gives us hope.

28 Jun 2016

India seen to grow faster than emerging market peers

With RBI Governor Raghuram Rajan announcing his plans to return to academia and the referendum in Britain voting to leave the EU, the world, it seems, has become more uncertain and risk-prone.

26 Jun 2016

Clarity on Brexit, monsoon to steer markets

Clarity on Britain`s plans to exit the European Union (Brexit), along with the progress of monsoon rains and derivatives expiry are expected to steer the Indian equity markets in the upcoming week.

7th Pay Commission

24 Jun 2016

Brexit fallout: 7th Pay Commission payout likely to be delayed

Amid all the implications of Brexit on India, something that may stand out is a strong possibility that the much-waited payout of 7th Pay Commission Commission likely get delayed for coming 2-3 months.

24 Jun 2016

Rajan wants central banks to keep off competitive devaluation

Reserve Bank Governor Raghuram Rajan on Friday asked central banks across the globe to desist from currency depreciation to create competitive advantage in the wake of Britain's exit from the European Union.

new RBI governor

23 Jun 2016

New RBI Governor name will be revealed next month

23 Jun 2016

LIC chairman S K Roy resigns two years before his term ends

State-run life insurance behemoth LIC Chairman S K Roy, appointed by previous UPA government, has resigned nearly two years ahead of completion of his five-year term.

22 Jun 2016

RBI may get a new chief before Parliament's monsoon session, Rakesh Mohan emerges as front runner

A new Governor for RBI may be appointed before the start of the monsoon session of Parliament next month even as former RBI Deputy Governor Rakesh Mohan appears to be emerging as the front runner for the job.

Arvind Subramanian

22 Jun 2016

FM Jaitley springs to CEA Arvind Subramanian's defence, says govt has full confidence in him

Arun Jaitley on Wednesday strongly defended Chief Economic Adviser Arvind Subramanian saying the government has full confidence in him and his advice is of "great value" to it.

22 Jun 2016

Why Subramanian Swamy is gunning for CEA Arvind Subramanian?

After running a strident campaign against RBI Governor Raghuram Rajan to oust him, BJP leader Subramanian Swamy is now gunning for Arvind Subramanian, Chief Economic Adviser to the Modi government.

Arvind Subramanian

22 Jun 2016

Subramanian Swamy fires fresh salvo at Arvind Subramanian, FinMin defends CEA

As BJP leader Subramanian Swamy went after his new target Chief Economic Adviser Arvind Subramanian, Finance Ministry on Wednesday defended his appointment, saying it knew of his stance on key issues like IPR before hand.

21 Jun 2016

Rexit will not have any impact on RBI: SBI Research

Suggesting that Reserve Bank as an institution will not be impacted by Governor Raghuram Rajan's departure, the economic research wing of SBI has termed all other discussion surrounding his decision as "speculative and nonsense".

21 Jun 2016

Prime Minister Modi and Finance Minister Arun Jaitley likely to select next RBI Governor by July

The Government plans to select the next RBI Governor by July and make the handing over of the baton from Raghuram Rajan to the new incumbent a smooth process.

21 Jun 2016

As RBI Governor Raghuram Rajan retreats, his long-time nemesis advances

With the shock retreat from public office of the Reserve Bank of India chief comes the rise to international prominence of long-time nemesis Subramanian Swamy, a nationalist named to the upper house of parliament in April by the country`s ruling party.

20 Jun 2016

Rexit fears: Rupee hits 2-week low of 67.31, down 23 paise

The rupee Monday ended lower by 23 paise to close at an over two-week low of 67.31 against the US currency on heavy bouts of dollar demand amid uncertainty in the wake of RBI Governor Raghuram Rajan's decision against pursuing a second stint.

20 Jun 2016

RBI Governor Raghuram Rajan called to Delhi by Parliamentary Committee

21 Jun 2016

How an economist Rajan turned into a 'rockstar'

20 Jun 2016

Rating action to depend on policies, not personalities: Fitch

Allaying concerns of any impact on India's sovereign ratings due to RBI Governor Raghuram Rajan's decision against a second term, leading global rating agency Fitch today said "policies are more important than personalities" on this front.

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