-Livemint.com The former RBI governor, and Viral Acharya, a former RBI deputy governor questioned timing of the RBI panel's proposal at a time when 'India is still trying to learn the lessons from failures like IL&FS & Yes Bank' New Delhi: raghuram rajan and Viral Acharya on Monday criticised RBI Internal Working Group's recommendation to allow Indian corporate houses to set up banks as part of proposed changes to the banking sector. Raghuram...
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Fall in GDP alarming: raghuram rajan
-PTI/ The Hindu Business Line Time for bureaucracy to take meaningful action, says former RBI governor Terming the 23.9 per cent fall in economic growth in June quarter alarming, former Reserve Bank Governor raghuram rajan has said bureaucracy should come out of complacency and take meaningful action. The current crisis requires a more thoughtful and active government, he said, adding unfortunately, after an initial burst of activity, it seems to have retreated...
More »A long haul, spend wisely, but don’t skimp on the truly needy -Amartya Sen , Abhijit Banerjee & raghuram rajan
-The Indian Express Amartya Sen, raghuram rajan, Abhijit Banerjee write: As it becomes clear that the lockdown will go on for quite a while, the biggest worry right now, by far, is that a huge number of people will be pushed into dire poverty or even starvation by the combination of the loss of their livelihoods and interruptions in the standard delivery mechanisms. We in India worry a lot about the possible...
More »Dreze and Rajan see dark clouds, list options
-PTI/ The Telegraph Social unrest as a result of the lockdown had already started: Dreze The Indian macroeconomic situation is bleak and, economically, the country is facing possibly its greatest emergency since Independence, renowned economists Jean Dreze and raghuram rajan have said. In a blog, Rajan said the country needed to plan for the post-lockdown phase and made several suggestions. Please click here to read more. ...
More »Economic slump: India's rickety bridge over troubled waters -Dev Kar
-TheWire.in Sustaining growth amidst a global economic slowdown would require tackling corruption. raghuram rajan, the-then outgoing Governor of the Reserve Bank of India, in an exit interview he granted to Karan Thapar (‘To The Point’, YouTube, September 2, 2016), took satisfaction from the fact that India was “on a more sustainable growth path”. The remark turned out to be premature. Less than two years later, starting the first quarter of FY 18/19, ominous...
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