- ET Awards: ‘Invest in the idea of India, by India, for India,’ say top CEOs amid West Asia conflict
Indian business leaders view the West Asia conflict as a catalyst for long-delayed structural reforms, ur ...More
Indian business leaders view the West Asia conflict as a catalyst for long-delayed structural reforms, urging accelerated efforts in energy security and reduced external vulnerabilities. They advocate for greater self-reliance in energy sources and a significant push towards electric vehicles, while also emphasizing the need for workforce upskilling to navigate the disruptions brought by Artificial Intelligence. ...Less

- Administrative transformation critical to economic growth: Dr Bimal Jalan, former RBI Governor
"According to me, early elections will be good for the country, because if the Parliament does not functi ...More
"According to me, early elections will be good for the country, because if the Parliament does not function, what is the point of continuing with the current government," says Dr Bimal Jalan. ...Less

- RBI dividend: Jalan panel recommendations stood test of time, may only need some tweaks
Government sources indicate that the Reserve Bank of India's dividend transfer formula, based on the Bima ...More
Government sources indicate that the Reserve Bank of India's dividend transfer formula, based on the Bimal Jalan committee, may be adjusted. The current framework has proven effective, even during Covid. The RBI is reviewing the Economic Capital Framework. An announcement regarding the 2024-25 fiscal dividend transfer is expected. Analysts predict the transfer could exceed the budgeted amount of Rs 2. ...Less

- Fitch downgrade is a matter of concern: Bimal Jalan
This is not only their view as we can hear across the spectrum in India that media writers, commentators ...More
This is not only their view as we can hear across the spectrum in India that media writers, commentators and some political leaders also are also concerned. ...Less
- India has not gone back to the 1991 era yet: Bimal Jalan
ET Now caught up with Bimal Jalan, Former Governor, RBI, for his take on the GDP numbers and what New Del ...More
ET Now caught up with Bimal Jalan, Former Governor, RBI, for his take on the GDP numbers and what New Delhi needs to do in the present scenario. Excerpts: ...Less
- Government needs to accelerate growth and investment: Dr Bimal Jalan
"The point is growth is sliding from what was expected earlier by the Economic Advisory Council. They hav ...More
"The point is growth is sliding from what was expected earlier by the Economic Advisory Council. They have acknowledged it, which is good," said Dr Jalan. ...Less
- Bimal Jalan's welcome clarification
Mr Jalan should formally append the clarifications to the main report for Sebi’s consideration. ...More
Mr Jalan should formally append the clarifications to the main report for Sebi’s consideration. ...Less
- Bimal Jalan Committee Recommendations & Impact
ET lists for you the Bimal Jalan Committee Recommendations & Impact. ...More
ET lists for you the Bimal Jalan Committee Recommendations & Impact. ...Less
- Expect RBI to cut rates in January: Dr Bimal Jalan
"Budget is coming and I am very hopeful that it would show us the path to a much higher growth and invest ...More
"Budget is coming and I am very hopeful that it would show us the path to a much higher growth and investment levels." ...Less
- Inflation at 7.5% is not the new normal: Dr. Bimal Jalan
"It will be 5%-5.5%, depending on the escalating oil prices or if commodity prices are very high, then it ...More
"It will be 5%-5.5%, depending on the escalating oil prices or if commodity prices are very high, then it should be taken as a temporary bulge rather than something which is new normal." ...Less
- We need positive growth as early as possible: Dr Bimal Jalan
RBI has taken a welcome midway step between the contradictory concerns of growth and inflation, believes ...More
RBI has taken a welcome midway step between the contradictory concerns of growth and inflation, believes Dr Bimal Jalan. ...Less
- Rajan breaks chain of extension for RBI governor; would have been 13th
Sir CD Deshmukh was the first Indian to get an extension as RBI Governor. His two terms were spread over ...More
Sir CD Deshmukh was the first Indian to get an extension as RBI Governor. His two terms were spread over independent and non-independent India beginning from 1943 and ending in 1949. ...Less

- Widening CAD a matter of concern: Bimal Jalan
Expressing concern over India's widening current account deficit (CAD), former RBI governor Bimal Jalan h ...More
Expressing concern over India's widening current account deficit (CAD), former RBI governor Bimal Jalan has asked the government to take "tough decisions" to deal with the problem. ...Less
- RBI surplus transfer to govt at 44%; lowest in last 7 years: Ex finance secy SC Garg
Since 2013-14, the RBI has been paying 99 per cent of its disposable income to the government, which is b ...More
Since 2013-14, the RBI has been paying 99 per cent of its disposable income to the government, which is battling to rein in deficits. In August 2019, RBI's central board gave its nod for transferring to the government a sum of Rs 1,76,051 crore comprising Rs 1,23,414 crore of surplus for 2018-19 and Rs 52,637 crore of excess provisions. ...Less

- Fundamentals for India very strong; no cause for uncertainty: Bimal Jalan
We are not dependent that much on trade for investment etc, as many of the other countries are. ...More
We are not dependent that much on trade for investment etc, as many of the other countries are. ...Less
- Monetary and Credit Policy on April 29
MUMBAI: The Reserve Bank of India is to unveil its annual Monetary and Credit Policy for 2002-03 on April ...More
MUMBAI: The Reserve Bank of India is to unveil its annual Monetary and Credit Policy for 2002-03 on April 29. ...Less
- Indian policies are good but implementation needs to improve: Bimal Jalan
“You cannot go away from the reforms… we have to make sure that what we have announced is implemented in ...More
“You cannot go away from the reforms… we have to make sure that what we have announced is implemented in a short period of time. This is an important administrative problem and the number of ministries which are involved in doing anything that we want to do on the economic policy is also a problem.” ...Less
- Active trading saved RBI from seeking additional capital
RBI reduced its balance sheet by over Rs 1.6 trillion during March 2022, largely through use of foreign c ...More
RBI reduced its balance sheet by over Rs 1.6 trillion during March 2022, largely through use of foreign currency sell/buy swaps. This helped it reduce the need for economic capital by over Rs 330 billion. ...Less
- Indian companies should be allowed dual listing: HDFC Chairman Deepak Parekh
Deepak Parekh today said dual listing of Indian equities abroad should be allowed to facilitate easy merg ...More
Deepak Parekh today said dual listing of Indian equities abroad should be allowed to facilitate easy merger and acquisitions. ...Less
- What are RBI’s surplus funds, where do reserves come from?
The RBI holds a little over 566 tons of gold, which along with its forex assets make up almost 77% of its ...More
The RBI holds a little over 566 tons of gold, which along with its forex assets make up almost 77% of its assets. ...Less
- No harm in deciding monetary policy in consultation with govt
Former Reserve Bank Governors do not seen any harm in central bank consulting the government before firmi ...More
Former Reserve Bank Governors do not seen any harm in central bank consulting the government before firming up monetary policy initiatives. ...Less
- Decentralise GST implementation, says Bimal Jalan
States' revenues will differ, he noted, if one is producing high tax products and another producing low t ...More
States' revenues will differ, he noted, if one is producing high tax products and another producing low tax products. ...Less
- Coronavirus outbreak: Bimal Jalan pitches for fiscal stimulus
Jalan highlighted that India's macroeconomic situation was already troublesome and the growth would be im ...More
Jalan highlighted that India's macroeconomic situation was already troublesome and the growth would be impacted further due to the COVID-19 pandemic. "And we should not worry about a fiscal deficit target being higher than what has been announced. Because this is much more important. You know if there is security matter or something then you spend money more," he said. ...Less
- Bimal Jalan panel on expenditure management to submit report this month
The government had set up the Commission under former RBI Governor Bimal Jalan in August 2013 to suggest ...More
The government had set up the Commission under former RBI Governor Bimal Jalan in August 2013 to suggest steps to reduce subsidies. ...Less
- GAAR should not have been announced in the Budget: Bimal Jalan
My opinion is that you should not announce something like GAAR in the budget and then find out that it cr ...More
My opinion is that you should not announce something like GAAR in the budget and then find out that it creates a lot of uncertainty, says Bimal Jalan. ...Less
- Food Security Bill ill-timed, says Bimal Jalan
Bimal Jalan today said the programme is ill-timed and will further aggravate the economic situation by in ...More
Bimal Jalan today said the programme is ill-timed and will further aggravate the economic situation by increasing fiscal stress. ...Less
- 'Inflation targeting' can't work in India: Former RBI governor Bimal Jalan
Jalan said it won't work because prices depend on a range of factors like monsoon and oil prices over whi ...More
Jalan said it won't work because prices depend on a range of factors like monsoon and oil prices over which neither the RBI nor the government has any control. ...Less
- Guv’s first few days are crucial, DeMo happened in first few weeks of Urjit Patel’s tenure: Abhijit Banerjee, MIT
The government may go easy as it wants him to achieve credibility, says the MIT prof. ...More
The government may go easy as it wants him to achieve credibility, says the MIT prof. ...Less
- Jalan panel finalises report; suggests transfer of RBI's surplus in tranches over 3-5 yrs
As per various estimates, the RBI has over Rs 9 lakh crore of surplus capital with it. ...More
As per various estimates, the RBI has over Rs 9 lakh crore of surplus capital with it. ...Less
- In rare case, deficit target can be hiked: Bimal Jalan
"We have to keep in mind two priorities. One is public investment. Two is the use of technology to reduce ...More
"We have to keep in mind two priorities. One is public investment. Two is the use of technology to reduce administrative expenses." ...Less
- Bimal Jalan panel may peg RBI's excess capital at Rs 1-3 lakh crore
Transfer of excess RBI capital to the government will not impact liquidity if it is used for bank recapit ...More
Transfer of excess RBI capital to the government will not impact liquidity if it is used for bank recapitalisatiin, the firm said in a report. ...Less
- Don’t privatise PSU banks, make them accountable: Bimal Jalan
Without PSU banks, who will fund public infra and provide rural lending asks the former RBI chief ...More
Without PSU banks, who will fund public infra and provide rural lending asks the former RBI chief ...Less
- Budget 2013: Govt must conform to timeframe set for GST says Bimal Jalan
"Let us announce a time plan where we will introduce GST with effect from next year.It is a question of d ...More
"Let us announce a time plan where we will introduce GST with effect from next year.It is a question of doing what we say we will do it on time, do it as per plan and do it in a way which is tax-friendly." ...Less
- Government should think about taxing rich farmers: Former RBI Governor Bimal Jalan
Jalan, however, added that a very large proportion of the population has small farms and we should not do ...More
Jalan, however, added that a very large proportion of the population has small farms and we should not do anything which can hurt them. ...Less
- Cannot ignore Fitch's outlook revision for India: Bimal Jalan
Jalan told ET Now that the fiscal and monetary authorities need to work together. "Policy measures are re ...More
Jalan told ET Now that the fiscal and monetary authorities need to work together. "Policy measures are required to boost growth," Jalan said. ...Less
- RBI reviewing framework that can help determine appropriate level of risk provisions, surplus distribution
The central bank is currently reviewing its economic capital framework, last updated in 2019, which deter ...More
The central bank is currently reviewing its economic capital framework, last updated in 2019, which determines risk provisions and surplus distribution. This revision, due in August 2024, will consider recommendations from an expert committee. The RBI has maintained a 6.5% contingent risk buffer as of March 31, 2024. ...Less
- RBI says gold reserve fluctuation stems from change in valuation frequency
Gold value in reserves changing more frequently since central bank accepted Jalan panel report. ...More
Gold value in reserves changing more frequently since central bank accepted Jalan panel report. ...Less
- Government plans to allow single foreign investor to hold 15% in Indian stock exchanges and depositories
The proposal comes in the wake of requests from foreign investors to allow them have a larger pie of the ...More
The proposal comes in the wake of requests from foreign investors to allow them have a larger pie of the country’s marquee public utilities. ...Less
- RBI Governor has become less powerful now: Yashwant Sinha
"I won’t say this exercise of setting up a committee in the RBI has increased the power in the hands of t ...More
"I won’t say this exercise of setting up a committee in the RBI has increased the power in the hands of the finance minister," Yashwant Sinha said. ...Less
- Transfer of surplus money from RBI in future to depend on income, expert panel suggestions: Nirmala Sitharaman
The surplus distribution policy of RBI is determined in accordance with section 47 of the RBI Act, 1934, ...More
The surplus distribution policy of RBI is determined in accordance with section 47 of the RBI Act, 1934, Sitharaman said in a written reply to Lok Sabha. ...Less
- Govt expects Rs 90,000 cr dividend from RBI in FY20
This is 32 per cent jump from the previous fiscal. ...More
This is 32 per cent jump from the previous fiscal. ...Less
- Shourie asks private cos to tap N-E's resources
Private capital is needed for comprehensive development in North-Eastern states. ...More
Private capital is needed for comprehensive development in North-Eastern states. ...Less
- Future of Indian Capital Markets- a debate on Jalan Committee report
Bimal Jalan Committee Report condemned by industry; recommendations seen as rhetoric, competition unfrien ...More
Bimal Jalan Committee Report condemned by industry; recommendations seen as rhetoric, competition unfriendly leading to back-door nationalization of stock exchanges, clearing corporations and depositories. ...Less
- Elimination of black money is of utmost importance in real estate: Bimal Jalan
Bimal Jalan, Former Governor, RBI, says this kind of a transition is difficult to implement without a cer ...More
Bimal Jalan, Former Governor, RBI, says this kind of a transition is difficult to implement without a certain amount of anxiety and certain amount of uncertainty. ...Less
- Bimal Jalan committee on new bank licences holds first meeting
The Bimal Jalan panel, entrusted with scrutinising applications for new bank licences, held its first mee ...More
The Bimal Jalan panel, entrusted with scrutinising applications for new bank licences, held its first meeting. ...Less
- India has not gone back to the 1991 era yet: Bimal Jalan
Bimal Jalan, Former Governor of the RBI, blamed the lack of confidence in India's growth story on the fun ...More
Bimal Jalan, Former Governor of the RBI, blamed the lack of confidence in India's growth story on the fundamental issues plaguing the economy. ...Less
- Inflation rate will come down: Bimal Jalan, former Governor, RBI
Dr. Bimal Jalan, Former Governor RBI in an interview with ET Now talks about the likely impact of the RBI ...More
Dr. Bimal Jalan, Former Governor RBI in an interview with ET Now talks about the likely impact of the RBI rate hike on markets and inflation. ...Less
- Bimal Jalan calls for political reform, functional autonomy for institutions
"Functional autonomy to UPSC, Election Commission, CAG is important," Jalan said at an event celebrating ...More
"Functional autonomy to UPSC, Election Commission, CAG is important," Jalan said at an event celebrating 202nd anniversary of Presidency University in Kolkata. ...Less
- Reforms galore since ’91, but execution weak: Bimal Jalan
There have been a lot of reforms now. There is no doubt about it. The only question is implementation. Th ...More
There have been a lot of reforms now. There is no doubt about it. The only question is implementation. There are many things that we announce, but the implementation is very weak. About 80% of government expenditure is on the administrative setup. We have so many ministries and all of them would have a large staff who have to be paid their salaries. ...Less
- Bimal Jalan panel on expenditure management to submit report by December
"We are deliberating on rationalisation of subsidy. We will submit final report by the end of current cal ...More
"We are deliberating on rationalisation of subsidy. We will submit final report by the end of current calendar year," Jalan said. ...Less
- Don’t be rigid on GST, be prepared to change: Bimal Jalan
Former RBI Governor does not think GST is going to be inflationary in its impact. ...More
Former RBI Governor does not think GST is going to be inflationary in its impact. ...Less
- Bimal Jalan panel on bank licences submits recommendations to RBI
Jalan panel, which scrutinised applications for new bank licences, submitted its report along with shortl ...More
Jalan panel, which scrutinised applications for new bank licences, submitted its report along with shortlisted entities to the Reserve Bank of India. ...Less
- No harm if we let the currency depreciate at this point: Bimal Jalan
I have a feeling that in about say six to nine months, we would see the economy picking up again, says Ja ...More
I have a feeling that in about say six to nine months, we would see the economy picking up again, says Jalan ...Less
- BofAML says RBI has $43 billion in excess reserves
BofAML’s note comes as the panel led by former RBI Governor Bimal Jalan prepares to submit its report in ...More
BofAML’s note comes as the panel led by former RBI Governor Bimal Jalan prepares to submit its report in the coming weeks. ...Less
- Better implementation of reforms by next government needed to ensure job creation: Bimal Jalan
The government, Jalan said, should also take up administrative reforms that are complicated but essential ...More
The government, Jalan said, should also take up administrative reforms that are complicated but essential for the implementation of government policies. ...Less
- Bimal Jalan committee on new bank licences to meet on February 10
Public sector units India Post and IFCI, private sector Anil Ambani group and Aditya Birla group submitte ...More
Public sector units India Post and IFCI, private sector Anil Ambani group and Aditya Birla group submitted applications on July. ...Less
- Brokerages say RBI windfall could boost some sectors, ease liquidity concerns
Some brokerages believe the fund transfer will mostly be used to offset weak tax collections. ...More
Some brokerages believe the fund transfer will mostly be used to offset weak tax collections. ...Less
- We budgeted for ‘rainy day’ cover: Jalan Panel
The committee also said that in the coming years, the interim dividend paid by the RBI to the government ...More
The committee also said that in the coming years, the interim dividend paid by the RBI to the government would rather be an exception than the norm. ...Less
- Rajan days far better for Dalal Street than Jalan, Subbarao; but final days may give lot of pain
With the Rexit or Rajan exit now confirmed, experts believe the final few months of Rajan’s tenure may be ...More
With the Rexit or Rajan exit now confirmed, experts believe the final few months of Rajan’s tenure may be a rocky one for the stock market. ...Less
- Government likely to use Rs 3 lakh crore RBI windfall to pay regular bills
The money will come in over three years and is most likely used for regular government spending. ...More
The money will come in over three years and is most likely used for regular government spending. ...Less
- Finance Secretary Rajiv Kumar likely to represent government in Bimal Jalan panel
The committee, headed by former RBI governor Bimal Jalan, is expected to get an extension before it final ...More
The committee, headed by former RBI governor Bimal Jalan, is expected to get an extension before it finalises its report, said sources. ...Less
- January IIP revised to 1.1%: Analysts taken by surprise
The revision of January IIP growth numbers from 6.8 per cent to a drastic 1.1 per cent has taken economis ...More
The revision of January IIP growth numbers from 6.8 per cent to a drastic 1.1 per cent has taken economists by surprise. ...Less
- Windfall: RBI to transfer Rs 1.76 lakh crore to government for FY20
Ends regulator-Centre tiff over sharing of RBI’s profits; will help govt meet fiscal deficit target. ...More
Ends regulator-Centre tiff over sharing of RBI’s profits; will help govt meet fiscal deficit target. ...Less
- ‘Drawing excess capital funds from RBI won’t hit India’s ratings’
BofA Merrill Lynch said that the RBI Act permits transfer of past excess reserves. ...More
BofA Merrill Lynch said that the RBI Act permits transfer of past excess reserves. ...Less