Tag: Raghuram Rajan

Amid Govt-RBI face-off, Urjit Patel met PM Modi on Nov 9 to sort out issues: Report

Patel’s meetings at the PMO came days before the RBI’s crucial board meeting on November 19 during which contentious issues are likely to come up for discussion.

November 13, 2018

GST a ‘monumental reform’: Jaitley slams ‘critics’ after Raghuram Rajan’s remark

The remarks come a day after former RBI Governor Raghuram Rajan blamed the indirect taxation reform for derailing India's growth story.

November 12, 2018

RBI like seat belt for govt; top bank’s autonomy to be respected: Raghuram Rajan

Ahead of the November 19 meeting of RBI Board, Rajan said the objective of the board is to protect the institution and not serve others' interests.

November 7, 2018

Alienated Achievers

Nothing could be as pleasing as the news that a Kolkata-born Keralite, a Jawaharlal Nehru University ( JNU) alumnus to boot ~ amongst Gita Gopinath’s other stupendous academic credentials ~ has been appointed as the first ever woman chief economist at the International Monetary Fund. Kolkata, Kerala and the JNU are all anathema to the …

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October 6, 2018

Gita Gopinath appointed next IMF Chief Economist

Gopinath, who currently serves as the John Zwaanstra Professor of International Studies and Economics at Harvard University, succeeds Maurice (Maury) Obstfeld, who announced in July that he would retire at the end of 2018

October 2, 2018

Raghuram Rajan’s statement proves that Congress is responsible for increased NPA: BJP

The Bharatiya Janata Party (BJP) on Tuesday slammed the Congress a day after former Reserve Bank of India Governor Raghuram Rajan said that bad loans rose during the United Progressive Alliance (UPA) years.

September 11, 2018

Demonetisation was ‘not a good idea’: Raghuram Rajan

RBI’s former governor Raghuram Rajan has said that he had made it quite clear to the government that the demonetisation was “not a good idea” and that its implementation was “not well-planned” since 87.5 per cent of the currency was being demonetised. On November 8, 2016, the Centre banned Rs 500 and Rs 1,000 currency …

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April 12, 2018

Populist nationalism damages economic growth: Raghuram Rajan

Populist nationalism is potentially quite damaging to economic growth, and which is often articulated as the majority community’s feelings of aggravation at being discriminated against, former RBI Governor Raghuram Rajan said on Sunday. In a conversation, the recording of which was shown at the Times Litfest event here, he said that populist nationalism is ascedent …

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November 27, 2017

Jaitley declines to disclose facts about demonetisation decision

Finance Minister Arun Jaitley on Tuesday declined to disclose all the facts that went into the decision to undertake demonetisation last year. “I am chosing not to answer it for the reason that it is not necessary for me to disclose all facts to which I myself am privy (to) in discussions within the government …

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November 7, 2017

Raghuram Rajan in Clarivate list of Nobel Prize worthies

Former Reserve Bank of India (RBI) Governor Raghuram Rajan’s name figures in this year’s list of possible winners of Nobel Prize in economics brought out by Clarivate Analytics. The economics prize will be announced in Stockholm on Monday, according to Nobelprize.org. Clarivate Analytics, earlier a Thomson Reuters unit, publishes a list of possible Nobel Prize winners …

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October 7, 2017

Rajan says Chicago university leave wasn’t issue in RBI exit

Former RBI Governor Raghuram Rajan has debunked the theory that Chicago University’s refusal to extend his leave forced his departure, saying it was never an issue and he wanted to stay longer at the RBI to complete the unfinished task of clean-up of banks. In an interview to PTI, he said there was no proposal …

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September 10, 2017

‘Pliant’ RBI governor loses respect: Rajan

Former RBI Governor Raghuram Rajan today said if a central bank head is “pliant and subservient”, he risks losing the respect of his team members. He, however, added that RBI governors, once in office, “develop backbone very quickly”. He also advocated protecting the governor’s term on the lines of the judiciary. Rajan, the first RBI …

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September 9, 2017

Close down Dept of Financial Services, says Raghuram Rajan

Former Reserve Bank governor Raghuram Rajan today said governance reforms at state-run lenders will get complete only with the shuttering of the Department of Financial Services (DFS). DFS, which monitors state-run banks, has created “sameness” among them and governs them “without responsibility”, he said. Rajan also expressed displeasure at the working of the Banks Board …

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September 9, 2017

Had to come back to India to exchange scrapped notes: Raghuram Rajan

Former RBI Governor Raghuram Rajan himself had to come back to India to exchange scrapped currency as he had no clue about the demonetisation date, though the process started during his governorship. Rajan, who ended his three-year term as RBI Governor on September 4 last year, said he had taken some Indian currency with him …

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September 8, 2017

I would have resigned if note ban was thrust: Raghuram Rajan

Former RBI Governor Raghuram Rajan said on Thursday that he would have resigned if the demonetisation decision was thrust on him but made it clear that the government can bypass the central bank if it wants to push ahead with such a decision. “It (demonetisation) happened in 1978. Government brought in demonetisation through an ordinance. …

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September 7, 2017

Slowdown of credit pre-dates banks drive against NPAs: Rajan

The slowdown of credit growth in India is not the fallout of state-run banks attempting to resolve their massive non-performing assets (NPAs), or bad loans, problems and pre-dates the recent efforts by banks to clean up their balance sheets, former RBI Governor Raghuram Rajan has said. “Once again there were a bunch of critics who …

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September 3, 2017

Raghuram Rajan’s ‘those turbulent but exciting times’ in a book

Exactly one year after his term as Governor of the Reserve Bank of India came to an end, Raghuram Rajan is all set to publish a new book with his “commentary and speeches” to convey what it was like to be at the helm of the central bank in “those turbulent but exciting times”. Titled, …

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August 23, 2017