SBI debunks Raghuram Rajan’s remarks on Indian growth slowing down
Former RBI governor Raghuram Rajan earlier remarked that the economic growth of India was close to 'Hindu rate of growth'
Former RBI governor Raghuram Rajan earlier remarked that the economic growth of India was close to 'Hindu rate of growth'
"This initiative of the Chhattisgarh government is the best bottom-up approach in the country," he said during a visit to Adarsh Gauthan.
A study of recent bank failures would show that bank NPAs were a consequence of the lending of funds beyond the repaying capacity of borrowers. Most of such lending was motivated; the creditworthiness of the borrower was overestimated for extraneous considerations.
In the first such dialogue Gandhi discussed the coronavirus pandemic and its economic implications with former Reserve Bank of India governor Raghuram Rajan
The former RBI governor further stated that India needs to be cleverer in lifting the lockdown as it has limited capacity to feed the poor.
Speaking at Columbia University's School of International and Public Affairs in New York, Sitharaman said that giving all the public sector banks a “lifeline" is her primary duty.
Banerjee's statement on Indian government's failing financial policies comes after Nobel laureate Amartya Sen, former finance minister Manmohan Singh and former RBI governor Raghuram Rajan advised the Modi administration against some of its drastic decisions like demonetisation and GST.
'What makes India strong is its diversity, debate and tolerance. What makes it weak is narrow-mindedness, obscurantism and divisiveness,' said former RBI governor Rajan
Irrespective of which party comes to power, the veritable absence of jobs will be the ticking time bomb and, with agriculture brought to its knees, Bharat will no long come to the rescue of India, as it has done in the past.
Questioning Das' credentials for the crucial post, the Sena said while the two previous RBI governors - Raghuram Rajan and Urjit Patel - were world-renowned economists, the current incumbent is only a graduate with no "known" knowledge of economics and is an IAS officer (bureaucrat) with specialisation in history.
