YV Reddy

YV Reddy News

Administration of GST does not command trust of states: Former RBI Governor Y V Reddy

Y V Reddy was speaking at the Indian Institute of Management-Ahmedabad at the unveiling of his new book ‘India’s Fiscal Federalism’.

Without the connivance of the Centre, no state can be fiscally irresponsible: Y V Reddy

In terms of overall fiscal stability, the states are doing better than the central government, says Reddy.


Consolidation won’t resolve the banking stress: YV Reddy

“It is not the numbers that matter.... You can consolidate like clubbing centrally sponsored schemes,” said Reddy adding that globally, mergers are yet to be established is as “necessarily the right step”

RBI directions on insolvency proceedings: ‘Not correct in principle, but justified for limited time’

To resolve NPAs, the RBI has directed banks to refer 12 large NPA cases for resolution under the Insolvency and Bankruptcy Code.

‘During my tenure as RBI Governor, there was more room for dissent’

Former RBI Governor YV Reddy: Any government is well advised to take the technical advise of the RBI more seriously.

Delink Plan from classification in Budget, says Reddy

The FFC also suggested replacing the existing FRBM Act with a debt ceiling and fiscal responsibility legislation, specifically invoking Article 292 in its Preamble.


Finance Commission term may be extended by three months

The delay will give the Centre enough time to review the report and reflect its recommendations in the Union Budget next year.

Will Reddy follow the Raghuram Rajan lead?

The RBI Governor has,however,created a difficult choice for the Centre to solve.

Don’t get Cornered

Dr YV Reddy prescribes moderation in all things,even our suspicions

‘Economy facing structural problems’

However,he cautioned that the economy is also facing structural problems that need to be addressed.