Amid evacuation of medical students from war-torn Ukrainem, the former RBI governor asks why India is not able to retain its 'human capital'
Raghuram Rajan's idea must be debated
Their paper makes the point that creation of huge amounts of money by a central bank need not necessarily galvanise output.
Economist and former RBI governor fears 'scarring to the middle class' after pent up economic demand ends.
Former RBI Governor's remarks come a day after the government listed for introduction in Parliament a bill to ban all private cryptocurrencies, with some exceptions
He also stressed on the need for India joining international trade agreements
Rajan was also critical of the government for not focusing enough on healthcare and education, and cutting down on expenditure
"The Fed thinks it has time" to slow-walk the tightening process, especially given longer-term disinflationary forces like aging, automation and globalization, Raghuram Rajan said in an interview
The former RBI governor said central banks should turn their focus to the financial stability of these green investments and other threats such as crypto currencies and cyber security
'We need this (foreign exchange) reserve buffer to insulate ourselves because we have no friends,' says former RBI governor
This was revealed by Governor Banwarilal Purohit during his address to the 16th Assembly on Monday
The Tamil Nadu government is planning to constitute an 'Economic Advisory Council' to the Chief Ministe
'Pandemic has shown that we are all connected,' says economist and former RBI governor at a virtual event.
Country should have recognised coronavirus potentially comes back in more virulent forms, says former RBI governor.
Former RBI Governor Raghuram Rajan on Sunday cautioned that "drastic changes" in India's monetary policy framework can upset the bond market
Without beefing up the regulatory framework, moral hazard may outweigh advantages, say experts
Former 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
India had already allowed businesses houses to enter banking in its 2013 bank licensing guidelines
The duo said banks in India are rarely allowed to fail, which helps them garner huge deposits. If banks are owned by industrial houses, it can lead to bad lending
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