Tag: Raghuram Rajan

Rahul Gandhi congratulates PM Modi on World Theatre Day

Minimum Income Guarantee is steroid, not crutch

At some point around 1789 when the French queen, Marie-Antoinette, was told that her subjects had no bread to eat, she is believed to have said, “let them eat cake”! Some of the criticisms of the proposed Minimum Income Guarantee betrays similar arrogance and/or naivety. While the response of the[Read More…]

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…]

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