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Subir Gokarn appointed RBI deputy governor19-NOV-09
The government today appointed Subir Vithal Gokarn, Standard and Poor’s Asia-Pacific Chief Economist and a Business Standard columnist, as the fourth deputy governor of the Reserve Bank of India (RBI).
Shankar Acharya: Policy continuity at the Reserve Bank24-SEP-09
Two years have elapsed since the early stages of the global financial crisis led to the notorious run on the Northern Rock Bank in the UK and blew a big hole in the prevailing, three-pillar, monetary policy (new) orthodoxy of an independent central bank, charged with a single objective of an explicit inflation rate and a separate, single regulator for all financial institutions and instruments (see my article, “The New Orthodoxy crumbles” in Business Standard, October 25, 2007 for
RBI wants govt to re-appoint Gopinath as deputy governor20-AUG-09
The Reserve Bank of India (RBI) has sent a note to the government recommending the re-appointment of Shyamala Gopinath as one of the central bank’s deputy governors once she completes her five-year term in September.
A K Bhattacharya: Where are the experts?18-AUG-09
Key ministries had top economists during the reforms of the 1990s. The absence of these advisors is keenly felt today.
Suman Bery: India and global finance - What next?12-AUG-09
Almost six months after their last get-together in London in early April, the heads of government of the G-20 countries will meet again in Pittsburgh in the United States in late September. They will presumably return to the quartet of issues that has progressively engaged them since they first met as a group in Washington in November 2008. These issues are: macroeconomic coordination, global imbalances and resumption of global growth; global financial reform (including reform of the IMF and the multilateral development banks); strengthening the global trading system and avoiding protection; and burden-sharing in fighting global warming, primarily by capping the growth in the stock of green-house gases in the atmosphere.
Subir Gokarn tops list for RBI Deputy Governor's post08-AUG-09
Subir Gokarn, Executive Director and Chief Economist at Standard & Poor’s Asia Pacific, is heading the shortlist of candidates for the Reserve Bank of India (RBI) Deputy Governor’s post. Gokarn is also a Business Standard columnist.
Rakesh Mohan to join McKinsey as part-time global advisor13-JUL-09
Former Reserve Bank of India Deputy Governor Rakesh Mohan will join consulting firm McKinsey as a part-time global advisor from October this year.
Chakrabarty quits PNB to take charge as RBI deputy governor15-JUN-09
Punjab National Bank CMD K C Chakrabarty has quit his post after his appointment as RBI Deputy Governor.
Small savings rate up for review15-JUN-09
The government is beginning a review of the administered interest rate structure for small savings schemes and plans to set up a committee headed by a former Reserve Bank of India (RBI) governor to suggest a roadmap for possible decontrol.
After Mohan's exit, Subbarao to handle monetary policy Dept12-JUN-09
With two Deputy Governor posts falling vacant, the Reserve Bank has reallocated portfolios and Governor D Subbarao would handle the monetary policy department directly.
Govindraj Ethiraj: Keeping the doors half open09-JUN-09
The clarion calls for the opening up of the financial system have resumed and predictably so. The trigger this time appears to be President Pratibha Patil’s June 4 speech to the joint session of Parliament, the contents of which reflect a fair, if not considerable, share of inputs from Prime Minister Manmohan Singh.
Budget should provide augmented fiscal deficit data:RBI report07-JUN-09
The government needs to provide an augmented fiscal deficit data in the budget to reflect the burden of off-budget items, including oil and fertiliser bonds on the exchequer, suggested a RBI Committee.
'We've handled crisis much better than anyone else in the world'01-JUN-09
Rakesh Mohan, who was appointed Deputy Governor of the Reserve Bank of India in September 2002, moved to North Block two years later as secretary, department of economic affairs, during P Chidambaram’s tenure as Finance Minister, only to return to RBI after eight months.
Not just punditry14-MAY-09
Most remember Y V Reddy, fondly or otherwise, for what he did with interest rates. But RBI Deputy Governor Rakesh Mohan pointed out various other facets of Reddy’s personality. Reddy, he said, was fond of giving visitors books to read each time they came to his room. But they weren’t all tomes on finance or economics. Long before the movie makers discovered what was later to become Slumdog Millionaire, it was Reddy who gave him Vikas Swarup’s Q&A to read; indeed, long before the glam-set began talking of Adiga, it was Reddy who gave him White Tiger to read. Truly a Reddy-Reckoner, going by Mohan’s spiel.
RBI's actions arrested decline in economy: Rakesh Mohan12-MAY-09
Rakesh Mohan, deputy governor of the Reserve Bank of India (RBI), said today that it was only after the central bank took a slew of steps that the decline in the economy was arrested and that inflation is not a concern anymore.
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