RAGHURAM RAJAN COMMENTS
'Elevate, rather than bringing the successful down', says Raghuram Rajan as he advocates inclusive growth over wealth tax
Raghuram Rajan, former RBI governor, advocates for inclusive growth over wealth tax, emphasizing the need to uplift individuals for economic development. His remarks follow a discussion sparked by Sam Pitroda on wealth redistribution, with Rajan cautioning against excessive taxation of the wealthy. He highlights the importance of examining neglected segments of the economy and suggests policy measures like minimum wage standards for wealth distribution. Rajan also stresses the significance of job creation for social stability and demographic dividends.
Raghuram Rajan labelled 'parachute economist' over India making a big 'mistake' comments
Raghuram Rajan's recent remarks sparked controversy on social media. The former RBI chief cautioned against India's economic growth being overshadowed by underlying structural issues. He emphasized the need for the government to focus on improving education and workforce skills post-elections to harness the country's potential fully.
Raghuram Rajan thinks India making a big mistake believing ‘hype’ about its growth
India's former central bank Governor Raghuram Rajan warned that India's strong economic growth is overshadowed by structural challenges like poor education and skills. Rajan said there is urgent need for workforce improvement to harness the potential of the young population.
All is well: FM Sitharaman rubbishes claims of Indian economy’s ‘K-shaped’ unequal growth
In a post-Budget 2024 interaction, Finance Minister Nirmala Sitharaman dismissed assertions of a K-shaped recovery in India's post-COVID-19 economy, challenging critics who link good growth solely to rural luxury purchases. She emphasized that the government rejects the 'letter attribution' to the economy's growth, maintaining that every sector is contributing to overall growth.
Raghuram Rajan gives 3 reasons why India GDP exceeded his 5% prediction
Raghuram Rajan said he is happy that India is outperforming his expectations of 5% GDP growth. In this exclusive interview, he cites three reasons explaining why Indian economy grew faster than his prediction. The first two reasons - the industrial world did not slow down as was anticipated and muted Chinese demand for commodities - are not India's doing. "The third is enormous infrastructure investment by the government in the first two quarters of this year. That is what went right," Rajan said.
Ideas and opinions of critics should be attacked but not their motives, says Raghuram Rajan
Former RBI governor Raghuram Rajan, known for his candid views, advocates attacking ideas and opinions of critics rather than questioning their motives. He defends his participation in Rahul Gandhi's 'Bharat Jodo Yatra,' emphasizing his belief in national integration and love over hate.
- Go To Page 1
Fed rate cut hopes by March optimistic, says Raghuram Rajan
"The Fed would like to see either a substantial fall in inflation, but also, the problem is the labor market is hot," Rajan, who is a well known commentator on the global economy, said Wednesday. "The Fed may think if rates are not doing damage, why worry."
5 years of Shaktikanta Das: How a humble Guv calmed a turbulent RBI
Shaktikanta Das, the Governor of the Reserve Bank of India, faced a challenging role when he joined five years ago amidst a government-RBI conflict. Tasked with stabilising after his predecessors' - Raghuram Rajan and Urjit Patel - disputes with the government, Das aimed to restore confidence and stability to the RBI.
RBI gets serious about connected lending, a concern that has been raised earlier as well
India restricts corporate houses from owning banks, raising questions about their absence despite financial capabilities. Allowing them could foster 'connected lending,' granting preferential loans to connected parties. A 2020 RBI proposal advocated their entry, criticism centered on consolidating economic and political power.
Raghuram Rajan says India's current growth isn't enough to create ample jobs
Former Reserve Bank of India Governor Raghuram Rajan said India's economy needs to grow at over 8% to meet job demands for its vast population. While the current growth rate of 6%-6.5% is commendable, Rajan flagged the urgency of faster expansion to address the employment needs of the country's youth.
Rajeev Chandrasekhar takes on Raghuram Rajan, says his PLI comments based on false figures, questionable analysis
Raghuram Rajan argued that value addition is low in the smartphone PLI scheme as it is basically only about assembling, and not deep manufacturing. Besides, imports exceed exports, he said. Not even the smallest parts of mobile phones are being made in India, he pointed out.
Raghuram Rajan is worried about a time bomb, domino impact and riskless capitalism in world's largest economy
Former RBI governor Raghuram Rajan has expressed concern over the threat to the banking sector over the long-term . He notes that there might be a potential profitability problem with the banking system where rates on safe assets have gone up but banks are struggling to pass off half percent or 1% increase. Also, the broader problem is that entities make money in normal times taking risks but throw the risk back to the government in bad times. He said it’s a riskless capitalism causing governments to rescue banks.
India's economy and the 'elegant excuse for being incompetent'
External Affairs Minister S Jaishankar, known for his sharp comebacks, waded into the 'services-versus-manufacturing' debate yesterday. "I have always believed that this focus on services was actually an elegant excuse for being incompetent in manufacturing," he said in his inimitable style.
Raghuram Rajan says banking system is headed for more trouble
Rajan said a decade of easy money and a flood of liquidity from central banks has caused an “addiction” and a fragility within the financial system as policy makers tighten policy.
World cannot afford India to follow China's manufacturing model, says Raghuram Rajan
"Weightless services also consume little energy on the way to the final consumer, unlike manufactured goods. Export-led services growth will be much less environmentally harmful – the world cannot afford India to follow China’s path, even if it were open to it," former RBI Governor Raghuram Rajan said. while delivering a lecture on globalisation and climate change.
After praising India’s economic growth, Raghuram Rajan cautions it is a jobless one
Rajan, has, in the past, cautioned that India is failing its young by not building capacities to educate them, forcing them to go abroad for courses such as medicine. He has also said that India should focus on services instead of blindly following the China model of manufacturing-led growth. These services, such as that of good doctors, can then be sold abroad.
Chips are like oil, India will need at least 10 fab units, says Ashwini Vaishnaw
India cannot always keep importing chips, Vaishnaw said, expressing disappointment over comments by former RBI governor Raghuram Rajan that the country should not get into chip manufacturing.
Fintech companies may have lost edge, must generate profits: Kamath
"When you move from the private market to the public market, and you are unable to show sustained growth, you can't count the eyeballs you have to show the bottom line. If you tell me I don't know when I will make money, the investor doesn't want to deal with you at all."
'Anti-minority' tag for India will hurt domestic cos, warns Raghuram Rajan
India enters the perception battle from a position of strength, the professor at Chicago's Booth School of Business said, alluding to credentials like democracy and secularism, but warned that this battle is "ours to lose".
There will be a slowdown in this quarter's activity: Raghuram Rajan
“We do not have unlimited budgets but that means we have to spend much more carefully but we should spend in a more targeted way and it is not for a country of our size and our per capita GDP it does make sense to take care of the poorest. We shouldn't be making too many strong predictions given a morphing virus.”
Free speech in India suffered 'grievous blow', says Raghuram Rajan on Ashoka University developments
In a Linkedin post, former RBI governor Rajan said that free speech has suffered a "grievous blow" in India this week as professor Mehta, one of India's finest political scientists, resigned from the Ashoka University.
Academicians write open letter to Ashoka University over Pratap Bhanu Mehta's resignation
he university in Haryana's Sonipat became the centre of controversy earlier this week, when Mehta, who had resigned as its vice chancellor two years back, chose to step down as professor, saying that the founders made it "abundantly clear" that his association with the institution was a "political liability".
RBI more accommodative than many central banks in the world: Raghuram Rajan
Underscoring the challenges for the central bank Rajan said, "I would say that let RBI do its job and they have a difficult job balancing slow growth and inflation is picking up."
Calls for debt monetisation gain traction as COVID-19 cripples economy
Conservative monetary economist and former RBI chief Raghuram Rajan, over the weekend, has also pitched for monetising public debt and higher fiscal deficit in a ''measured'' manner to protect the economy and the poor and the vulnerable in these ''abnormal times''.
Raghuram Rajan cautions against giving communal colour to coronavirus
Despite rebound in economic activities in H2 of 2020, global growth will still be negative this year, he said.
View: How India can restart the economy after lockdown
The former RBI boss says what the country faces today is an economic emergency.
The Sitharaghuraman show: Dear FM, economy needs corrective action, not blame game
The bottomline is that we need to move on. Postmortems serve no purpose. They result in a blame-game.
No Comments: Governor Patel on RBI-Govt rift
The RBI and the govt appeared to have made peace at the board meeting mid-Nov.
Load More
