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URJIT PATEL COMMITTEE
- Policy Design
The most fundamental support is from fiscal policy due to its close and immediate relationship with aggregate demand.
Career timeline of new RBI Governor-Urjit R PatelWorked with the International Monetary Fund between 1990 and 1995 where he covered the US, India, Bahamas and Myanmar desks.
Don't see significant pick-up in the IIP numbers immediately, but early recovery signs visible: SK Ghosh, SBII have a feeling that at the end of the day, the veto power may lie with the governor, says SK Ghosh.
Budget 2015: Interest rate will be decided by a panel comprising representatives from government and RBIArun Jaitley announcing in his budget speech on Saturday that the Centre has just concluded a formal agreement with the central bank to thi...
Economic Survey 2015: Government wants further monetary easing, RBI remains cautiousThe government has made a strong case for further monetary easing by RBI, confident that inflation will continue to decline even though the...
Expect a 50bps rate cut in first half of 2015: Sonal Varma, Nomura Financial Advisory and Securities"Beyond that, we think interest rates will remain on hold because the RBI also appears to be moving towards the recommendations of the Urji...
Banks won’t follow suit even if RBI cuts rates: Raghuram Rajan'If I reduce rates substantially, banks won't because of high inflation. We need to bring down inflation first,' says RBI Governor.
RBI Governor Raghuram Rajan likely to hold rates Tuesday: IcraRatings agency Icra today said it expects Reserve Bank Governor Raghuram Rajan to hold the key rates on April 1.
RBI yet to adopt inflation targeting, still reviewing options: Raghuram RajanA special panel headed by the RBI deputy governor Urjit Patel had proposed a framework for monetary policy with several recommendations.
Credit Suisse sees retail inflation falling to 8.2 per cent in FebruaryCredit Suisse expects retail inflation to fall to 8.2 per cent in Feb from 8.8 per cent in the previous month, while core inflation will go...
Wrong debate on inflation targetingFinance minister P Chidambaram got it right in his Budget speech when he said that the RBI must balance growth and inflation.
RBI Governor Raghuram Rajan says retail inflation targeting awaits government nodRajan said although RBI strongly favours the Urjit Patel committee's suggestion on targeting retail inflation, the final decision would com...
Target inflation, not Urjit Patel Committee reportNo country that adopted inflation targeting has ever abandoned it, and there is a steady flow of countries taking it up even after the glob...
How independent should the RBI be?The RBI governor is not some lone ranger but the RBI's link with the elected government of the country.
No change in inflation goalposts, CPI to be in focus: Raghuram RajanRaghuram Rajan denied speculation that the goalposts have been shifted to retail inflation and inflation targeting has been adopted.
Rate hike to affect treasury income of banks: S Chandrasekharan, UCO Bank'Taking cue of the dovish stance that the Reserve Bank takes, if inflation comes down, they may reduce the rate of interest'
Inflation targeting important to bring macroeconomic stability: Jahangir Aziz, JPMorgan"If the government is unwilling to or is unable to meet the 3 per cent fiscal deficit target, clearly the 8 per cent or the 4 per cent infl...
Brokerages see more rate hikes in 2014; private banks look good in long termAnalysts at top brokerage firms expect further rate hikes in the year 2014 if the proposed monetary policy framework by Urjit panel is adop...
Inflation a destructive disease: Raghuram RajanTerming inflation as a 'destructive disease', Raghuram Rajan today said there can be no trade off with growth and prices have to be brought...
Rates to remain high in FY'15 if Urjit Patel model accepted: CrisilCrisil said interest rates will remain firm if RBI accepts the recommendations of the Urjit Patel committee, which has suggested that the c...