Raghuram Rajan

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Reduce number, weight of government mandates for PSBs: Raghuram Rajan

"This is lazy government – if an action is worth doing, it should be paid out of budgetary resources. It also is against the interests of minority shareholders in PSBs," Raghuram Rajan said.

India needs to have a good oil hedging policy: Raghuram Rajan

Raghuram Rajan said if we look at agrarian unrest, one of the big concerns is that agrarian productivity has not increased as it should, and the prices have been fluctuating.

Urjit Patel's resignation a matter of concern: Raghuram Rajan

"I think his statement should be respected. We should go into the details on why there was an impasse which forced him to take this ultimate decision," Rajan said.

Arun Jaitley responds to Raghuram Rajan's criticism of GST

Countering the criticism over the implementation of the tax reform, Arun Jaitley said, "GST slowed down growth for two quarters, but people overlook how growth rose after that." 


Raghuram Rajan: Demonetisation, GST held back India's economic growth, 7% not enough

"The two successive shocks of demonetisation and the GST had a serious impact on growth in India. Growth has fallen off interestingly at a time when growth in the global economy has been peaking up," Rajan said.

RBI is seat belt if govt is driver; autonomy must be respected, says Raghuram Rajan

The disagreements between RBI and the government came out in open when RBI Deputy Governor Viral Acharya in a hard-hitting speech said failure to defend central bank’s independence would “incur the wrath of the financial markets”.

Explained: How RBI surplus transfers work

This is one of the key issues in the disagreement between govt and RBI. What does the central bank consider in making decisions? How does the surplus transfer system work in other major democracies?

Cross-border capital flows source of financial fragility: Raghuram Rajan

In his paper, Raghuram Rajan said that when monetary policy in source countries tightens, receiving-country exchange rates depreciate, and liquidity dries up in their corporate sector even if country prospects are sound.

Note from Rajan

Former RBI governor points to the several guilty in the bad loans mess. Government must listen to him.

Sent list of high-profile fraud cases to PMO, not aware of progress: Raghuram Rajan

Rajan said a larger number of bad loans originated in the period 2006-2008 when economic growth was strong, and previous infrastructure projects such as power plants had been completed on time and within budget.

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Raghuram Rajan says banks will be restored back to health

Mumbai/New Delhi, Feb 12 (ANI): Reserve Bank of India (RBI) Governor Raghuram Rajan said that efforts of the federal bank and the government to clean up banks' balance sheets would be successful and warned analysts against "scare-mongering"about the level of stressed assets in the sector. India's banks are struggling under $100 billion of stressed loans, choking the financial system at a time when the economy needs fresh investment to galvanise growth. Minister of State for Finance Jayant Sinha said the government, while working closely with RBI, was supporting the banks fully in terms of both capital as well as necessary policy measures. He also said that they have gone through and done the asset quality review and have identified the full extent of the problem.