Tag: Raghuram Rajan

Prioritise spending, boost infrastructure, sell PSUs: Raghuram Rajan on Budget

NEW DELHI: Former Reserve Bank of India (RBI) Governor Raghuram Rajan says the government should take advantage of the peaks in the Indian equity markets right now and sell stakes in PSUs while prioritising spending to get the economy back on track. The upcoming Budget for the fiscal year beginning April 1 should look to […]

Gyan Sangam a failure, efforts by NDA government to reform banks still-born: Raghuram Rajan

NEW DELHI: An outspoken critic of the NDA government, former RBI Governor Raghuram Rajan has launched an attack on the policies of the government highlighting the “still-born effort to reform public sector banks” and “the failure of the Gyan Sangam”, a conclave held on the banking sector in 2015. These points have been brought forth […]

India’s GDP contraction should alarm everyone: Raghuram Rajan

NEW DELHI: Emphasising on the importance of government relief or support in the given scenario, he pointed out that it is “meagre” so far. 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 […]

India needs to open economy in measured way: Raghuram Rajan

NEW DELHI: India needs to be cleverer in lifting the lockdown and open up its economy in a “measured way” soon as it does not have the capacity to support people across the spectrum for too long, former RBI governor Raghuram Rajan said on Thursday. He was deliberating on the economic impact of the COVID-19 […]

IMF MD ropes in Raghuram Rajan, 11 others to key external advisory group

NEW DELHI: IMF MD Kristalina Georgieva on Friday named former RBI governor Raghuram Rajan and 11 others to her external advisory group to provide perspectives from around the globe on key developments and policy issues, including responses to the exceptional challenges the world now faces due to the coronavirus pandemic. Rajan, 57, who was the […]

Former RBI Governor responds to Nirmala Sitharaman’s comment, says two-thirds of his tenure was under BJP

NEW DELHI: Former RBI Governor Raghuram Rajan, who faced a stinging attack from Finance Minister Nirmala Sitharaman for presiding over the “worst phase” of the Indian banking sector, on Thursday reminded her that two-third of his tenure as the head of the central bank was under the BJP government. Rajan, who was Governor of the […]

PSBs had ‘worst phase’ under Manmohan Singh, Raghuram Rajan: Nirmala Sitharaman

NEW DELHI: Finance Minister Nirmala Sitharaman has said that the Indian public sector banks had the “worst phase” under the combination of former Prime Minister Manmohan Singh and RBI Governor Raghuram Rajan. Delivering a lecture at the prestigious Columbia University’s School of International and Public Affairs here on Tuesday, Sitharaman said that giving all the […]

India to surpass China, be in better position to help South Asia: Raghuram Rajan

DAVOS: India will eventually surpass China in economic size and will be in a better position to create the infrastructure being promised by the Chinese side in South Asian countries, former RBI Governor Raghuram Rajan said on Tuesday. Addressing a session on Strategic Outlook for South Asia, Rajan said Indian economy would continue to grow […]

India’s economic growth held back due to demonetisation, GST: Raghuram Rajan

By Lalit K Jha WASHINGTON: Demonetisation and the Goods and Services Tax (GST) are the two major headwinds that held back India’s economic growth last year, former RBI Governor Raghuram Rajan has said, asserting that the current seven per cent growth rate is not enough to meet the country’s needs. Addressing an audience at the […]

Arun Jaitley hits out at Raghuram Rajan for MSME banking crisis statement

NEW DELHI: India’s Finance Minister Arun Jaitley  on Tuesday hit out at former RBI governor Raghuram Rajan for predicting that the next banking crisis would be triggered by MSME lending, saying postmortem is easier than taking action when it was required. Rajan, who had as the chief economist at IMF warned of impending financial crisis […]

RBI submitted a list of high profile fraud cases to PMO: Raghuram Rajan

NEW DELHI: A list of high profile cases related to banking frauds was sent to the Prime Minister’s Office (PMO) for a coordinated action, said former RBI Governor Raghuram Rajan in a note to Parliamentary panel. In the note to Chairman of Estimates Committee Murli Manohar Joshi, Rajan said that the size of frauds in […]

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