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

We can take measures which can increase the import of essential products, for which there is demand and g ...More

We can take measures which can increase the import of essential products, for which there is demand and gold is one of them, said Bimal Jalan. ...Less

It is a very welcome change. There is a positive outlook. So far whatever has been done at the ground lev ...More

It is a very welcome change. There is a positive outlook. So far whatever has been done at the ground level is positive. ...Less

"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

"This is a major issue. If you want to pass a new law, you need some kind of unity between the Rajya Sabh ...More

"This is a major issue. If you want to pass a new law, you need some kind of unity between the Rajya Sabha and the Centre." ...Less

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

"Government-guaranteed bonds always have a market. The question is whether Rs 48000 crore is too large at ...More

"Government-guaranteed bonds always have a market. The question is whether Rs 48000 crore is too large at a single time." ...Less

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

'All factors which are relevant to the fit and proper criterion are being looked into and the RBI is doin ...More

'All factors which are relevant to the fit and proper criterion are being looked into and the RBI is doing due diligence. ' ...Less

"Chidambaram has done an excellent job of containing fiscal deficit around the target that was announced, ...More

"Chidambaram has done an excellent job of containing fiscal deficit around the target that was announced," Jalan said. ...Less

"The GDP numbers are disappointing. The fact remains that it is lower than the forecast and it is worse t ...More

"The GDP numbers are disappointing. The fact remains that it is lower than the forecast and it is worse than what we were expecting," Bimal Jalan said. ...Less

Private consumption increases demand and if demand increases, then capital investments will increase. ...More

Private consumption increases demand and if demand increases, then capital investments will increase. ...Less

"On the whole, I would say that this is a very positive budget. Obviously, if you expect big changes, the ...More

"On the whole, I would say that this is a very positive budget. Obviously, if you expect big changes, they are not there." ...Less

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

The budget will announce the right thing but whether they can do it really depends on the political will ...More

The budget will announce the right thing but whether they can do it really depends on the political will and political consensus. ...Less

"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

The Bimal Jalan panel which is scrutinising applications for new bank licences will hold its last meeting ...More

The Bimal Jalan panel which is scrutinising applications for new bank licences will hold its last meeting on Tuesday. ...Less

"If we just look around, there is so much opportunity that India has in terms of both investment and capa ...More

"If we just look around, there is so much opportunity that India has in terms of both investment and capacity to invest, capacity for growth that we can realise." ...Less

"We are dependent on a few external issues, and any problem with any of them can cause a decline in inves ...More

"We are dependent on a few external issues, and any problem with any of them can cause a decline in investor confidence. But we can tackle that." ...Less

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

"When the rupee was at 56-57, you would have expected that it would decline certainly, but the expectatio ...More

"When the rupee was at 56-57, you would have expected that it would decline certainly, but the expectation was that it would be reasonable. " ...Less

By and large, the verdict is very favourable. All the steps that have been taken. I am glad that we have ...More

By and large, the verdict is very favourable. All the steps that have been taken. I am glad that we have a first majority government after 25 years. ...Less

The Reserve Bank today set up a three-member committee under former Governor Bimal Jalan to scrutinise ap ...More

The Reserve Bank today set up a three-member committee under former Governor Bimal Jalan to scrutinise applications for new bank licences. ...Less

"By and large, the global impact of the Greek crisis is not supposed to be as intensive as was the case i ...More

"By and large, the global impact of the Greek crisis is not supposed to be as intensive as was the case in some other crisis periods." ...Less

"The more positive stance on CAD at the moment is that gold prices have come down, and our imports have c ...More

"The more positive stance on CAD at the moment is that gold prices have come down, and our imports have come down." ...Less

"The government has taken some measures. The finance minister has made a very good announcement of keepin ...More

"The government has taken some measures. The finance minister has made a very good announcement of keeping the fiscal deficit at the present level. " ...Less

ET lists for you the Bimal Jalan Committee Recommendations & Impact. ...More

ET lists for you the Bimal Jalan Committee Recommendations & Impact. ...Less

The surplus transfer is expected to help the government meet its fiscal deficit target. ...More

The surplus transfer is expected to help the government meet its fiscal deficit target. ...Less

"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

"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

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

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

"I personally do not believe in specific targets in our country. You have to do what needs to be done" ...More

"I personally do not believe in specific targets in our country. You have to do what needs to be done" ...Less

"Work is still in progress. The Reserve Bank has received applications. It is doing first round of scruti ...More

"Work is still in progress. The Reserve Bank has received applications. It is doing first round of scrutiny. Then we will see how we go about it," Jalan said. ...Less

The global situation is not as favourable as it used to be a couple of years ago, but it is certainly mor ...More

The global situation is not as favourable as it used to be a couple of years ago, but it is certainly more favourable than the last quarter. ...Less

A comfortable liquidity position will aid easier rate transmission across yield curve. ...More

A comfortable liquidity position will aid easier rate transmission across yield curve. ...Less

Prime Minister Narendra Modi today set up Expenditure Management Commission, headed by former Reserve Ban ...More

Prime Minister Narendra Modi today set up Expenditure Management Commission, headed by former Reserve Bank of India Governor Bimal Jalan. ...Less

“At a macro level, there is executive dominance now over institutions, and that needs to change”, Bimal J ...More

“At a macro level, there is executive dominance now over institutions, and that needs to change”, Bimal Jalan said at a panel discussion. ...Less

Talking about current global scenario, he said the only thing happening is de-globalisation. ...More

Talking about current global scenario, he said the only thing happening is de-globalisation. ...Less

The Reserve Bank is likely to complete initial scrutiny of 26 applications for new bank licences in a mon ...More

The Reserve Bank is likely to complete initial scrutiny of 26 applications for new bank licences in a month, a senior RBI official said. ...Less

"There was a doubt whether he would be able to achieve 5.3% and if you have brought it down to 5.1%, it i ...More

"There was a doubt whether he would be able to achieve 5.3% and if you have brought it down to 5.1%, it is welcome surprise." ...Less

The Bimal Jalan led panel on ECF might have to meet again since the final report hasn't yet been signed, ...More

The Bimal Jalan led panel on ECF might have to meet again since the final report hasn't yet been signed, an official said. ...Less

The RBI panel, headed by former governor Bimal Jalan, was originally supposed to submit the report in Apr ...More

The RBI panel, headed by former governor Bimal Jalan, was originally supposed to submit the report in April. ...Less

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

The government is set to appoint former RBI governor Bimal Jalan as the head of a new panel to suggest wa ...More

The government is set to appoint former RBI governor Bimal Jalan as the head of a new panel to suggest ways to revamp spending. ...Less

Sitharaman said the government wanted entrepreneurs to work without any worry. ...More

Sitharaman said the government wanted entrepreneurs to work without any worry. ...Less

The panel has sought an extension over the stipulated 90 days period to finalise the report, Bimal Jalan, ...More

The panel has sought an extension over the stipulated 90 days period to finalise the report, Bimal Jalan, the head of the panel, told reporters. ...Less

The Commission, headed by former RBI Governor Bimal Jalan in the final report, has favoured expenditure r ...More

The Commission, headed by former RBI Governor Bimal Jalan in the final report, has favoured expenditure reform and rationalisation rather than reduction. ...Less

In an interview to ET Now, Bimal Jalan, former governor, RBI, said that the Indian economy is strong on f ...More

In an interview to ET Now, Bimal Jalan, former governor, RBI, said that the Indian economy is strong on fundamentals and has all the resources to achieve growth. ...Less

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

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

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

“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

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

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

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

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

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

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

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

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

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

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

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

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

"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

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

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

"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

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

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

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

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

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

"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

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

This is 32 per cent jump from the previous fiscal. ...More

This is 32 per cent jump from the previous fiscal. ...Less

Private capital is needed for comprehensive development in North-Eastern states. ...More

Private capital is needed for comprehensive development in North-Eastern states. ...Less

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

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

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

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

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

"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

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

"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

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

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

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’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

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

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

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

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

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

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

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

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

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