He also said that a new mechanism is being put in place for out-of-court settlement of bad loan-related disputes
RBI governor says entrepreneurship in the country should not be killed
Says those who can pay back student loans should, those who can't should be forgiven
Asserts free market isn't fair, even well-run economies seem to be favouring those who already have plenty
Rajan pointed out that money is a great equalizer and helping Dalits start businesses would do more benefits to them than any kind of other affirmative actions
The Governor had submitted his report to the Public Accounts Committee and put the blame on 'overall economic downturn'
Four of the five external members of the panel recommended a reduction in the policy repo rate
Basic healthcare, unemployment insurance and old age benefits should be part of the system so that entrepreneurs get the impetus to start afresh
The latest available public figures, published by RBI on its website under the RTI Act, are for the period of June-July 2015
Economists believe Raghuram Rajan is likely to stay on as India's central bank governor after his term ends in September, a Bloomberg survey found
Environmentalist Sunita Narain and tennis ace Sania Mirza find mention on the list
A full text of RBI Governor's convocation address at National Institute of Bank Management, Pune
Says intent was to signal that India's outperformance was accentuated due to low global growth; apologises for hurting sentiments of visually impaired
Rajan said that India cannot get carried away by the current superiority in growth
Nowhere has Rajan tried to demean India's progress; on the contrary he has implied that India can grow much faster, something Jaitley has said, too
Rajan added implementation of several reforms would be key to ensuring India posts high growth
Said the issue of bad loans gets loaded with morality and it is necessary to keep criminal liability separate for putting the stressed assets back on track
In New York, the RBI governor said that morality should be separated from the NPA clean-up
I think we have still to get to a place where we feel satisfied: Raghuram Rajan
He said they really don't need our money, they never send out e-mails asking for payments