Not through bonds, only cash, says C Rangarajan on banks recapitalisation
Rangarajan comments assume significance as Finance minister Nirmala Sitharaman, in August, announced upfront capital infusion of Rs 70,000 crore into public sector banks, a move aimed at boosting lending and improving liquidity situation.
$5-trillion GDP target simply out of question: Former RBI Governor C Rangarajan
The former RBI governor said India needs a 9 percent per annu...
8% growth needed for a $5-trillion economy: Ex-RBI governor
"Investment is the key driver of economic growth. There are limits to which publi...
The reason behind Urjit Patel's resignation is not personal: C Rangarajan
Urjit Patel’s decision to quit four days ahead of the RBI board meeting scheduled on December 14 came was out after the close of market hours.
Govt to revamp official data for clearer picture of economy
The focus is to capture economic activity more accurately, particularly in the unorganised sector.
Budget addresses the concerns, but not fully: C Rangarajan
The major concerns were the slowdown in growth, inadequate private investment and agriculture distress, Rangarajan said.
‘There must be something on which he must have differed with govt’
Patel’s decision came as a surprise to his predecessor.
Inflation may ease by December: C Rangarajan
Rangarajan said he thinks this is the end of the season when prices rise as far as food articles are concerned. There will be a seasonal decline in food prices by next month.
Full implementation of MSP can stress financial system: Former RBI Governor C Rangarajan
The trade war can get worse. Any steep rise in crude prices can pose severe problems for our balance of payments. The banking system is still under great stress, said Rangarajan.
RBI has to consult government before acting against PSBs: C Rangarajan
Rangarajan did not agree with a knee-jerk privatisation of PSBs in response to the fraud at PNB.
Economy may grow at 6.5% for 2017-18, says C Rangarajan
The country's GDP growth rate was pegged at 5.7 per cent for the quarter ended June 30.
Growth at 8-9% over 20 years can solve social issues: C Rangarajan
The eminent economist, however, stressed that growth must be combined with the need to take care of the poorer sections of the society.
Focus should be on augmenting private investment: Former RBI Governor C Rangarajan
Asked about the steps that govt needs to take, Rangarajan said the problems confronting stalled projects need to be addressed and then these have to be completed.
Government needs to take measures to push growth: C Rangarajan
Rangarajan suggested revival of "all viable stalled projects", recapitalisation of banks and removal of impediments in the way of higher corporate investment to give a push to the economy.
Stimulus package should focus on raising capex: C Rangarajan
"The package, in my opinion, should be partly to raise capital expenditure of the government, but suited in a way in which it will stimulate private investments."
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