Tag: Arvind Subramanian

Raghuram Rajan blames over optimistic bankers, growth slowdown for bad loans crisis

Raghuram Rajan blames over optimistic bankers, growth slowdown for bad loans crisis

Over-optimistic bankers, a slowdown in government decision making process and moderation in economic growth mainly contributed to the mounting bad loans, said former RBI Governor Raghuram Rajan in a note to a Parliamentary panel. In a note to Chairman of Estimates Committee Murli Manohar Joshi, he said: “A variety of governance problems such as the suspect allocation of coal mines[Read More…]

Demonetisation is massive, draconian, monetary shock: Arvind Subramanian breaks his silence

Arvind Subramanian to continue as CEA for another year

Finance minister, Arun Jaitley, on Saturday extended the tenure of Chief Economic Advisor, Arvind Subramanian, for another year. His term was supposed to end in October. Subramanian took over as CEA on 16 October 2014 for a period of three years. Now, his term will end in October next year.[Read More…]

CEA Arvind Subramanian is Swamy’s new target

After getting his way with Reserve Bank of India governor Raghuram Rajan, BJP leader Subramanian Swamy is going after chief economic advisor Arvind Subramanian. “Sack him!!!” read his tweet this morning. Who said to US Cong on 13/3/13 the US should act against India to defend US Pharmaceuticals interests? Arvind[Read More…]

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