Known for his frank views, Rajan also said the government needs to do more to prevent a K-shaped recovery of the economy hit by the coronavirus pandemic.
Tag: Raghuram Rajan
In a Linkedin post, former RBI governor Rajan said that free speech has suffered a “grievous blow” in India this week as professor Mehta, one of India’s finest political scientists, resigned from the Ashoka University.
These points have been brought forth by Rajan in a paper co-authored with former RBI Deputy Governor Viral Acharya, also seen as a government critic who had resigned from his post.
In a note published on LinkedIn, he also opined that the 23.9 per cent contraction in the GDP during the Q1 would be “even worse if the damage to the informal sector is taken into account”.
Second, Third lockdown is going to be devastating for India’s economy, says Raghuram Rajan in talks with Rahul Gandhi
The dialogue with Rajan was first in the series that Gandhi plans to hold with public intellectuals.
The first conversation will be with former RBI Governor Raghuram Rajan which will be streamed live on all Congress social media platforms at 9 am on Thursday.
Mr. Rajan said “The first sign of difficulties in India often seems in foreign exchange.
Rajan said that the immediate priority is to suppress the spread of the pandemic through widespread testing, rigorous quarantines, and social distancing.
A large part of India’s economic slowdown is due to domestic factors. As Raghuram Rajan says neither global economic woes or rising oil prices can be blamed for the slowdown in the Indian economy
Jaipur: Congress president Rahul Gandhi on Tuesday said that former Reserve Bank of India governor Raghuram Rajan was among top economists who were consulted in the process of coming up with the draft of party’s minimum income guarantees scheme called Nyuntam Aay Yojana (NYAY), according to which 20 per cent[Read More…]
The question then arises, why do poor remain poor? Why does poverty perpetuates in a family, generation after generation?
On Tuesday, former RBI Governor Raghuram Rajan expressed doubts over the Indian economy creating not enough jobs still growing at 7 per cent. Rajan said, he had no idea what statistics are pointing at currently and “a revamp” was needed “to really figure out what India’s true growth rate is.” Former Chief[Read More…]
New Delhi: Former RBI Governor Raghuram Rajan described the apex bank as a “seat belt” for the Central government which is in the driver’s seat, protecting the government against any “accident”. Speaking to business news channel CNBC-TV18, Rajan said that historically governments have wanted to focus on economic growth but[Read More…]
The world is not new to economic blunders made by over-confident rulers. The world is not new to pain. But perhaps sometimes, a nation must suffer in order to realise that to equate its ruler with its God, comes with its own perils. As early as 301 AD,[Read More…]
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…]
Niti Aayog Vice Chairman blamed former RBI governor Raghuram Rajan for the drastic slowdown of Indian economy. Rajiv Kumar said that “his policies led to industries not receiving credits from banks.” Days after the GDP growth rate for the first quarter of 2018-19 was pegged at the highest in three[Read More…]
Former RBI governor Raghuram Rajan on Sunday noted that the populist nationalism is potentially quite damaging to economic growth. It is often articulated as the majority community’s feelings of aggravation at being discriminated against, he added. In a conversation at the Times Litfest event, Rajan said that populist nationalism is[Read More…]
Former RBI governor, Raghuram Rajan, has attacked the identity-based politics and said that it leads to crony capitalism and a breakdown of the system ultimately. While speaking at the University of Chicago’s Stigler Center conference on the political economy of finance, Rajan said, “Think of a town where you have[Read More…]
Even though Raghuram Rajan, former RBI governor, co-wrote the influential 2003 book, “Saving Capitalism From the Capitalists,” it has fallen upon his successor at the Reserve Bank of India to actually attempt such a thing. By the looks of it, Urjit Patel has a hard slog ahead. For now, the[Read More…]
Former Reserve Bank of India (RBI) governor Raghuram Rajan has resumed his role as “Distinguished Service Professor of Finance” at the University of Chicago Booth School of Business and will teach international corporate finance there in the winter of 2017. Giving details of Rajan’s course schedule for 2016-17, Chicago Booth[Read More…]
During his teaching days at IIT, Alok Sagar taught many students, including Raghuram Rajan and prepared them for challenges that lay ahead. But the most important lesson that he has imparted is his life and his service to the downtrodden. For the past 32 years, this former IIT-D professor has[Read More…]
Former RBI Governor Raghuram Rajan, whose tenure at the Reserve Bank of India ended this month, warned that low interest rates globally could distort markets and would be difficult to abandon. The new warning came from the central banker at a time when the world’s central banks appear to be[Read More…]
The Reserve Bank of India (RBI) has proposed working with the government to introduce interest-free banking to tackle financial exclusion for religious reasons, potentially opening Islamic finance to the largest Muslim minority population in the world. The RBI made the proposal in its annual report last week, as departing central[Read More…]
Ending the speculation, as who will be the successor of Raghuram Rajan the government has finally announced that Urjit Patel will take over as the 24th Governor of the Reserve Bank of India. Patel was serving as the deputy governor incharge of the monetary policy department. Here is brief profile[Read More…]
Reserve Bank of India governor Raghuram Rajan on Tuesday described the experience as fantastic, saying he is leaving the office knowing the central bank did something. While addressing the media following his last monetary policy meeting, Rajan said he enjoyed every minute of his tenure and hopes he has added[Read More…]