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.
Rajan said the issue has been discussed in the past and it began with a strategic petroleum reserve, but beyond that there is a need to think about hedging oil prices especially when it comes to levels such as now.
Patel's decision to quit came days ahead of a crucial board meeting that was likely to discuss issues pertaining to simmering differences with the government
Reserve Bank of India (RBI) Governor Urjit Patel resigned on Monday in an abrupt move that follows days of a bitter row between the central bank and the central government over surplus reserves.
Noting that there has long been a legacy of corporate debt associated with bad infrastructure projects in India, Maurice Obstfeld said it has been very concentrated in banking system.
The post had been vacant since Arvind Subramanaian resigned in July, three months before his extended tenure was to end
