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Raghuram Rajan explains how best to stimulate the economy

Rajan says ‘monetisation’ is a good option in the short-term and within reasonable limits.

Another round of lockdown will be devastating, says Raghuram Rajan

"India needs to be cleverer about reopening the economy," Rajan noted. He also said that it was all too easy to have a lockdown forever, but that would not be sustainable for the economy.

Raghuram Rajan says migrant workers need money for vegetables, cooking oil, shelter; foodgrains not enough

India's stimulus is inadequate in providing recovery of an economy pummelled by COVID-19, Rajan said.

Raghuram Rajan's 3-point plan to get India out of the coronavirus grip

We have to think about a staggered restart to the economy, says RBI ex-Governor.

Spend where you need to, spend what it takes: Raghuram Rajan

We need to restart economy as soon as reasonably safe, says former RBI Governor.

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.

Ready to help India in dealing with Covid stress if asked, says Raghuram Rajan

Rajan is part of an IMF external advisory group to provide perspectives on Covid's global impact.

Govt should cut back or delay less important expenditure: Raghuram Rajan

Coronavirus cases in India rose to 4,281 as of Monday evening, as per Ministry of Health.

India needs Rs 65000 cr to help poor while combating Covid crisis: Raghuram Rajan

In conversation with former Congress president Rahul Gandhi on the Covid-19 crisis and how India can win the pandemic as well as economic challenges, former RBI governor Raghuram Rajan talks about possible ways of revival in an unprecedented global crisis. Watch the excerpts of the conversation here.India needs Rs 65000 cr to help poor while combating Covid crisis: Raghuram Rajan

India needs a new covenant for growth in a post-Covid world: Raghuram Rajan

The former RBI governor said that India cannot remain under a lockdown forever.

Can't be in lockdown forever, have to focus both on lives and livelihoods: Raghuram Rajan

Former Reserve Bank of India Governor Raghuram Rajan emphasized that India cannot be in lockdown for long, and will have to focus on livelihood along with lives. India extended a nationwide 21-day lockdown to May 3 from April 14 earlier in an effort to contain the spread of the coronavirus pandemic in the country; a move which is likely to hurt economic growth heavily and also risk the livelihood of many in the country.Can't be in lockdown forever, have to focus both on lives and livelihoods: Raghuram Rajan

You cannot allow rating agencies to decide policy: P Chidambaram

‘If need be, monetise part of the fiscal deficit, print money. There is a sovereign right’

There was enough time to put together plan for Yes Bank, says Raghuram Rajan

SBI is set to pick up 49 per cent stake in crisis-hit Yes Bank under RBI's reconstruction plan.

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

Georgieva said that even before the spread of COVID-19 and the dramatic health, economic and financial disruptions it has brought, International Monetary Fund (IMF) members confronted a rapidly evolving world and complex policy issues.

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''.

Government focussing more on political, social agenda than economy: Raghuram Rajan

India can still reverse its slowing economic growth by paying attention to key issues, he said.

Raghuram Rajan says fight the virus first, worry about stimulus later

The spread of coronavirus is pushing the world toward its worst performance since the financial crisis.

India lockdown day 37 wrap: Roundup of all the major developments

Veteran Bollywood actor Rishi Kapoor passes away at a Mumbai hospital Thursday morning, after ailing for a while. Former RBI chief Raghuram Rajan says another round of coronavirus lockdown will be devastating for the Indian economy. US scientists hail a potential breakthrough in the fight against pandemic as trial shows patients responding to antiviral drug remdesivir. All this and more in Thursday's news wrap.India lockdown day 37 wrap: Roundup of all the major developments

Lockdown, Day 37: Make-or-break May for India

Compared to other countries, India has been faring fairly well, with a slower doubling and lower mortality rate than the US, Italy, Spain, UK. As the May 3 deadline nears, the next month could be make-or-break for India's virus fight.

What matters most is health of real economy, not fiscal deficit: Rajan

The government has to think about a staggered restart to the economy, former RBI Guv said.

Virus crisis is a chance for India to finally reform its economy

The lockdown is likely to result in recession, millions of job losses and possible starvation among the poor.

View: How India can restart the economy after lockdown

The former RBI boss says what the country faces today is an economic emergency.

Lockdown may not be enough to contain coronavirus spread in India: Rajan

“It may be hard to prevent infections from spreading,”the former Reserve Bank of India Governor said.

India in growth recession; extreme centralisation of power in PMO not good: Raghuram Rajan

The starting point to address this slowdown will be for the Modi govt to acknowledge the problem, he said.

India’s construction, property industries in trouble, says Raghuram Rajan

The RBI should carry out an asset quality review of the NBFCs for their exposure to realty, infra.

Making sense of India's growth in the times of Coronavirus

For FY20, GDP is now estimated to grow by a decade’s low of 5%.

RBI's gradual shift from transparency to forbearance towards stressed sectors

RBI has resisted pressure on a package for NBFCs, but permitted banks not to classify defaulters in MSME, realty.

Suppressing criticism bad for government: Former RBI Chief Raghuram Rajan

The government would benefit from advice of experts and therefore suppressing criticism is bad, Rajan said.

Raghuram Rajan ko gussa kyu aata hai (with apologies to Pinto)?

Rajan stands in stark contrast with exemplary restraint shown by professional central bankers.

India's fiscal deficit 'conceals' a lot, warns Raghuram Rajan

The country's growth slumped to a six-year low of 5% in the April-June quarter.

Deposit insurance hike: RBI says not to hit banks balance-sheets

The RBI does not see any major impact on banks' balance-sheets due to the five-fold hike in deposit insurance.

India attractive in itself, not just as alternative to China: PAG Boss

In India, the focus will be on export-dependent sectors like pharma and outsourcing as much as private consumption themes around financial services, retail, food and beverages and healthcare.

Economic slowdown 'very worrisome', new set of reforms needed: Raghuram Rajan

Raghuram Rajan said "a fresh set of reforms" are now needed to boost the economy and growth rate.

India needs low tariffs to draw supply chains and create jobs: Raghuram Rajan

"Our problems, in general, is overly high tariffs rather than overly low tariffs. There may be some cleverness we need to figure out what works best," former RBI governor Raghuram Rajan said. He said one of India's big issues is how to become a part of both the regional as well as international supply chains.

Two-third of my tenure as RBI governor was under BJP, Raghuram Rajan reminds Sitharaman

Raghuram Rajan, who faced a stinging attack from FM, reminded her that two-third of his tenure was under BJP.

Former RBI Governor backs Deepika Padukone's silent protest, EC Ashok Lavasa's impartial duty

In a blog on Linkedin, Raghuram Rajan said the news of a gang of masked assailants breaking into one of India's leading universities, Jawaharlal Nehru University, and then going on a rampage for hours, attacking students and faculty, entirely undisturbed by the police, is "worrisome".

Budget 2020: What is growth recession & why should the government worry about it?

Growth recession is a situation in which growth slows down for a few quarters but does not turn negative. Growth recession is not exactly a recession as understood in common parlance which entails two consecutive quarters of negative growth leading to massive unemployment.

Team Nirmala: A look at FM's team that is led by finance secretary Rajiv Kumar

Finance minister Nirmala Sitharaman gears up to present her second budget amid wide expectations of major reform measures to reverse the economic slowdown. ET takes a look at her team that is led by finance secretary Rajiv Kumar.

India's PCB had 'Worst Phase' under Manmohan Singh, Raghuram Rajan: Nirmala Sitharaman

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 public sector banks a “lifeline” is today her primary duty.India's PCB had 'Worst Phase' under Manmohan Singh, Raghuram Rajan: Nirmala Sitharaman

Indian public sector banks had "worst phase" under Manmohan Singh, Raghuram Rajan, says Nirmala Sitharaman

The Finance Minister while delivering a lecture at Columbia University's SIPA said that she respects former RBI governor Raghuram Rajan for his work but pointed out that loans were given based on phone calls during his tenure.

History behind, Das-led RBI charts new trails sans acrimony

Even as it eased the rates, the RBI slashed growth estimates by an unprecedented 240 basis points since the rate cutting cycle began in February to a low of 5 per cent. The central bank's youngest Deputy Governor ever -- Viral Acharya -- quit six months before his three-year term was to end in June 2019.

Governments should learn to tolerate criticism, suppressing it can lead to mistakes: Raghuram Rajan

Raghuram Rajan said governments that suppress public criticism do themselves a gross disservice.

Raghuram Rajan, Janet Yellen didn’t apply to replace Mark Carney

Rajan was named second most likely to get the job in a survey by Bloomberg News.

View: Why Raghuram Rajan is wrong about foreign currency debt

A foreign currency denominated sovereign bond, issued in modest quantities would have a salutary effect on the external rating and pricing of the Indian sovereign credit risk, and a step in the right direction.

State-run banks should be freed of constraints: Raghuram Rajan

He is also of the view that there is no guarantee that privatisation will be a panacea.

Performance on MUDRA loans: PSBs vs. private banks

Owing to high level of NPAs, concerns have been raised over Mudra becoming the source for next bad loan crisis.

Funds to boost NBFCs, HFCs and Realty may flow soon

Rs 20kcr proposals likely to get nod in 2 weeks; FM promises support to any sector that needs help. Finance minister Nirmala Sitharaman promised support to any other sector that may need help following a finance ministry presentation on ‘Major Interventions to Boost the Economy’ in the Capital on Friday.

A wealth-creation idea whose time has come: credit risk fund

This is a type of debt MF that invests in debt instruments that are rated low on credit.

Centralisation of power in PMO not good for economy: Shiv Sena

The central government wants the finance minister and RBI governor under its control, an editorial in Sena mouthpiece 'Saamana' claimed, adding that the present BJP-led dispensation is not ready to listen to economists as it considers the economy as a "share market gamble".

Raghuram Rajan in the frame as UK contemplates a foreign central bank boss

The question is whether Brexit Britain is ready to hear them from another foreign Bank of England governor.

Paytm payments bank eyes small fin model

Sharma said the payments bank will approach the government and the banking regulator for a small finance bank licence as it can leverage the model using technology enabled low-cost operations — a central theme of small finance banks, according to the RBI.

Raghuram Rajan on NYAY: Needed for economic inclusion

Former RBI Governor, Raghuram Rajan while speaking with Supriya Shrinate of ET Now on Rahul Gandhi's proposed NYAY scheme announcement as a mechanism to provide cash support to the economic backward segment, says that it is a means to create mechanism for economic inclusion. He, however, adds that there needs to more initiatives and checks to make it a fiscally viable project.Raghuram Rajan on NYAY: Needed for economic inclusion

Raghuram Rajan says he will return if there is an opportunity to be of use

Raghuram Rajan said he is "very happy" where he is, but is open to opportunities.

Raghuram Rajan says capitalism is 'under serious threat'

Rajan said he believes that capitalism is breaking down because it is not providing equal opportunities.

Shaktikanta Das faces an increasingly tough balancing act

Das has worked tirelessly to restore relations with govt after a bitter public spat that led Urjit Patel to quit.

Bad populism is the ‘road to serfdom’ for economies: Raghuram Rajan

Rajan said populism done right can make capitalism work better for people, but that’s not always the outcome.

Words Of Wisdom: When Uday Kotak, Ajit Doval, Raghuram Rajan Spoke About Economy, Leadership & Life Goals

The Lalit Doshi Memorial Lecture (LDML), instituted in the name of the eponymous former civil servant, has been hosted in Mumbai annually since 1995. On Monday, August 5, Uday Kotak became the 25th speaker to deliver it. The LDML speaker club is an illustrious one (even though the absence of any female speakers in the list is jarring). Here’s a look at what past speakers have spoken about in the address:

Protectionism doesn't really help preserve jobs: Raghuram Rajan

Protectionism does not preserve jobs & offers little defence against automation, the former RBI Guv said.

Growth without jobs means nothing: Raghuram Rajan

Raguram Rajan, former RBI Governor, in an exclusive conversation with ET Now's Supriya Shrinate in Davos, has said that we have to move towards a more job-creating economy, all the growth will go for nothing if it does not create good jobs.Growth without jobs means nothing: Raghuram Rajan

Raghuram Rajan's to-do list for the next government of India

According to Rajan, India badly needs to have a strong job-creating economic growth to avoid a slump.

India Post Payments Bank fights to survive

The postal department feels that IPPB’s operations have become unviable and has stopped fresh hiring.

Arun Jaitley on Raghuram Rajan helping Congress with proposed NYAY scheme

When former governors join the political mainstream, the whole cause propagated for autonomy of the institutions gets impacted, said Arun Jaitley, Finance Minister, in an interview with ETNOW. Arun Jaitley on Raghuram Rajan helping Congress with proposed NYAY scheme

Let us restore historical trust to our GDP numbers: Raghuram Rajan

"First generation reforms are still very relevant and important. Let us de-license."

Raghuram Rajan on Jet bailout: Not necessary for every company to go through IBC

In conversation with ET Now's Supriya Shrinate, former RBI Governor Raghuram Rajan says that Bankruptcy code should act as a shadow and should be the last resort for resolution of stressed assets. He says there is a need to shorten the time in the bankruptcy code by ending an endless sequence of appeal and counter-appeal. Listen in Raghuram Rajan on Jet bailout: Not necessary for every company to go through IBC

Raghuram Rajan questions Narendra Modi's minimum govt, maximum governance promise

Rajan questioned Modi's 'minimum govt, maximum governance' and policy changes on e- comm industry.

Poverty alleviation schemes should not be a permanent process: Raghuram Rajan

Whatever you create, you do not want that to hold people back from looking for jobs, says Rajan

The Minimum income scheme is about better targetting, empowering people: Raghuram Rajan

There is a level of income support at which people would prefer not to work. Studies show targeted schemes do not necessarily create laziness: Raghuram Rajan to ET NOW.The Minimum income scheme is about better targetting, empowering people: Raghuram Rajan

The Minimum income scheme is about better targetting, empowering people: Raghuram Rajan

There is a level of income support at which people would prefer not to work. Studies show targeted schemes do not necessarily create laziness: Raghuram Rajan to ET NOW.The Minimum income scheme is about better targetting, empowering people: Raghuram Rajan

Farm loan waivers kill credit culture, says Raghuram Rajan

Referring to the issue of farm distress, Rajan said loan waivers cover only those farmers who have taken loans from the formal system.

Raghuram Rajan on what India should vote for in 2019 general elections

Rajan said it would be a misrepresentation of facts to say that people didn't want jobs.

Sitharaman fires next round against Manmohan Singh; says India on par with China in growth rate

"I wish Congress had the courage of conviction to hear it [criticism] loud and clear," the FM said.

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.

You have had five years, stop blaming my government: Manmohan to NDA

Accepting "some weaknesses" in his tenure Manmohan Singh gave it back to FM's remark where she said, "banking sector passed through its worst phase during the tenure of Singh." He further added that NDA should've provided "credible solutions".

Our economy has strong fundamentals, can withstand cyclical winds: Anurag Thakur

I do not see any reason to worry. Why are others so worried about this?

Credit demand in the economy is still pretty okay, says CEA Subramanian

If fundamentals had changed drastically, then demand would have been very, very low.

Good economics points to one direction, Modi govt points to another: Chidambaram

​The former finance minister, who is currently lodged in Tihar Jail in a corruption case, congratulated Indian-origin economist Abhijit Banerjee for winning the Nobel Prize.

Project to turn India into majoritarian nation has 'crippled' economy: Congress

Congress spokesperson Manish Tewari also said the slowdown has a humanitarian side to it as manifested in death due to heart attack of an account holder in the Punjab & Maharashtra Cooperative (PMC) Bank.

Why Indian bankers are hesitant to report frauds

The public perception of a fraud is a Nirav Modi-style attack, perpetuated by a crook with corrupt motives.

Do away with farm loan waivers: Raghuram Rajan

Only a subset of farmers get loans, It often goes to the best connected not most poorly off, said Rajan.

Ex-RBI Governor Raghuram Rajan to get Yashwantrao Chavan national award

Rajan will be presented the award at a function here on March 12 on the occasion of 106th birth anniversary of late Yashwantrao Chavan.

To save capitalism, we need to save communities: Raghuram Rajan

It is the neglected third pillar, the community, that needs more consideration today, Rajan said.

Raghuram Rajan: Dissonance between GDP, employment numbers; need to restore historical trust in our data

In this conversation with ET Now's Supriya Shrinate, former RBI Governor Raghuram Rajan cites 'dissonance' between GDP and employment numbers and calls for an 'outsider' look at the statistics. He says India was never questioned about the credibility of data and there is a need to restore that historical trust. Listen-in.Raghuram Rajan: Dissonance between GDP, employment numbers; need to restore historical trust in our data

Is India ready for the future: A talk by Raghuram Rajan

With the rise of NPAs, Rajan advised to “clean up” the system, and claimed the “bankruptcy code has to be one element of the larger cleanup plan.”

Neglecting social issues not just myopic but dangerous: Raghuram Rajan

Rajan has called for a return to empowering local communities as an antidote to growing despair and unrest.

RBI is more than autonomous, but govt is the sovereign: Das

Governor Shaktikanta Das said even though the central bank engages with the government in free and frank discussions, there is no interference from it when it comes to taking decisions.

Raghuram Rajan pitches for greater trade collaboration across borders in South Asia

Rajan said that there is need for more roads connecting the countries and bridges connecting the countries.

Jobs, tolerance, protection of institutions key issues: Raghuram Rajan

Rajan said govt should learn how the former Congress Prime Minister and Finance Minister worked behind the scenes to make things work.

External benchmarks for loan pricing puts cart before the horse

Moving floating interest rate loans would push banks, borrowers and the RBI itself into unchartered territories.

Jobs, intolerance and institutions protection will be key issues in 2019 polls: Raghuram Rajan

Creation of jobs, how tolerant we are of different views of minorities and how we protect our institutions like Supreme Court, Election Commission and RBI are the three biggest issues facing India, Raghuram Rajan, Former Governor, RBI, tells Supriya Shrinate of ET Now, in an exclusive interview in Davos. Jobs, intolerance and institutions protection will be key issues in 2019 polls: Raghuram Rajan

RBI Governor should be below finance minister but above bureaucracy: Raghuram Rajan

RBI Governor should be below finance minister but above bureaucracy, said Raghuram Rajan, Former Governor, RBI, in an exclusive interview with ET Now's Supriya Shrinate in Davos.RBI Governor should be below finance minister but above bureaucracy: Raghuram Rajan

Generating jobs: Rahul Gandhi seeks ideas from Raghuram Rajan

Rahul Gandhi, who refers to unemployment in all his speeches, has spoken with former RBI governor Raghuram Rajan twice in the past few days

Sensex, Nifty snap 3-day winning run; PSU bank, FMCG stocks weigh

Investors will also be closely watching Federal Reserve Chair Jerome Powell comments at Jackson Hole.

Jammu & Kashmir move correct, economy needs to be corrected: Subramanian Swamy

The Rajya Sabha MP told reporters Sunday the "wrong policies" adopted during former finance minister Arun Jaitley's tenure were responsible for the economy slowing down.

India’s growth not creating enough jobs: Raghuram Rajan

Rajan said that there are some Indians who are doing very well while other are falling behind.

India’s growth not creating enough jobs: Raghuram Rajan

Rajan said that there are some Indians who are doing very well while others are falling behind.

Privatisation of PSBs not panacea; need to cut govt mandates for PSBs: Raghuram Rajan

The government should incentivise all banks to take up activities it thinks desirable, not impose it on a few, Rajan said.

Must think of ways to revive jobs: Raghuram Rajan at India Economic Conclave

We must be worried about the job report in India. We actually need more equitable growth in the country, Raghuram Rajan, Former Governor, RBI, tells Supriya Shrinate of ET Now at the India Economic Conclave.Must think of ways to revive jobs: Raghuram Rajan at India Economic Conclave

How Urjit Patel took Raghuram Rajan's legacy to the next level

Helming a full-service central bank comes with its challenges where you have done some good and some bad by ignoring key issues.

Urjit Patel's resignation is a note of protest: Raghuram Rajan

"It's a matter of great concern. We need to ask what were the circumstances that led to Dr Patel resigning and the govt must take extreme care in how it proceeds," Rajan said.

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