India
China, India, among founders of Asian Infrastructure Investment Bank
Twenty-one Asian countries establish a new institution to aid infrastructure development in the region, which will be fully operational by the end of 2015
Rajan overruled external members’ call for rate cut in September
External members on RBI’s technical advisory committee see the case for easing, and the majority voted for a rate cut in September; deputy governor portfolios shaken up
RBI paper: Rural wages main driver of Indian food inflation
Research published by the Reserve Bank of India says it ‘bears to reason’ there is a need to raise agricultural productivity to mitigate food price pressures
RBI deputy targets ‘more vibrant’ FX market
Harun Khan says Indian foreign exchange market has ‘come a long way’, but a number of challenges remain; rupee has stabilised in the past few months
Rajan turns attention to 2016 inflation target
Reserve Bank of India holds key rates as headline inflation drops to 7.8%; Rajan says policy will be set to achieve 6% target by January 2016 from this point onwards
RBA bulletin considers Indian inflation measures
Research looks at differences between WPI and CPI, noting that prices have increased at a ‘much faster pace’ in the latter
Dallas Fed president praises India PM Modi
Richard Fisher describes Texas as the ‘crucible of US job creation', noting that without it US would not yet have reached pre-recession employment levels
RBI economist proposes financial conditions index for India
Index aims to provide a snapshot of financial conditions in the country in a bid to provide an early warning of crises and overcome information asymmetry
Global financial system's future hinges on China's willingness to accept emerging India
India's emergence - and China's willingness to tolerate it - will be ‘test of survival' for the global financial system in the coming years, argues Deutsche Bank report
Reserve Bank of India to trial ‘plastic banknotes’
Annual report details plans to run a ‘field trial’ of plastic banknotes by 2015, in addition to several other initiatives aimed at improving the central bank’s cash management
RBI could appoint COO in structural rethink
Board of directors approves the ‘broad contours’ of reform plans that could see the Reserve Bank of India name a chief operating officer
Rajan urges ‘direct cash transfers' to poor people
RBI governor says transfer system would give the poor ‘choice and respect' and break the links between poor public service, patronage and corruption
Rajan: ‘Let’s fight the anti-inflation fight once’
Raghuram Rajan says risks to inflation target have become ‘more balanced’ in recent months, but stresses the need to remain ‘vigilant’ as RBI holds key rate at 8%
Mundra named RBI deputy governor
Reserve Bank of India announces the appointment of Subhash Sheoratan Mundra, formerly head of Bank of Baroda, as deputy governor
RBI executive director says ‘multiple instruments' needed to stem EM capital outflows
Deepak Mohanty says drawdown of forex reserves, monetary tightening, and augmentation of reserves needed to dampen speculative flows
Sri Lanka seeks return of money offered at Indian shrines
Sri Lankan central bank seeks to repatriate estimated 20 tonnes of coins offered as part of religious worship in India
Brics nations launch development bank and reserve fund
Brazil, Russia, India, China and South Africa launch new institutions to fill the gaps left by the World Bank and IMF; Observers see challenges ahead
RBI sees case for reviewing governance of public sector banks
Public sector banks continue to pose some of the ‘major challenges' facing the banking sectors, the Reserve Bank of India says
RBI hiring 53 sportspeople out of civic duty
Reserve Bank of India is looking to recruit people from a host of sporting backgrounds, including cricket and table tennis, to working in support roles at the central bank
Rajan: RBI ‘could give up’ some powers
Reserve Bank of India should retain its regulatory powers, Rajan says, but it could cede part of its debt management role to the government ‘without any loss in welfare’
Rajan 'cognisant' of state financing needs as RBI loosens credit restraints
Reserve Bank of India holds key rate at 8% despite spike in food prices; takes steps towards creating a ‘more generalised provision of system liquidity’
Rajan predicts ‘revolution’ in banking industry
The Indian banking sector is ‘on the cusp of revolutionary change’ as new developments and growing competition are breaking down the ‘grand bargains’ that once dictated its structure
RBI deputy reviews Indian macro-prudential experience
Kamalesh Chakrabarty evaluates India’s experience with macro-prudential policy and considers how central banks can build analytical frameworks to guide their oversight
India reverses curbs on USD/INR trading
India's financial regulator has rolled back emergency measures it introduced last year as USD/INR rate stabilises