DUVVURI SUBBARAO
Don't leave everything to the RBI is Duvvuri Subbarao's Budget tip to Nirmala Sitharaman
In an interview with ET Now, former RBI governor Duvvuri Subbarao, emphasised on the need for the government to loosen its purse strings and meet the RBI's fiscal policy with adequate fiscal measures, instead of leaving the central bank to do most of the heavy lifting.
Post Covid-19, India can bet on 3 positives for economic revival: Subbarao
The challenge for the government in the months and years ahead is ...
Unwinding liquidity will be a major challenge for RBI: Subbarao
The central bank announced a series of liquidity easing measures as its respo...
Why Shaktikanta Das can't afford to follow other central banks' Covid playbooks
India’s flexible inflation targeting introduced four years ago ties the central bank’s hands when it comes to interest rates as it is mandated to target the Consumer Price Index at 4 percent in a two percentage band on either side. To make its policy effective, the central bank kept liquidity in deficit. That has now turned to a surplus, estimated at Rs. 8 lakh crores.
Three ex-Reserve Bank of India governors say bad debt will hinder India’s recovery
YV Reddy says non-performing assets are not only a problem but a consequence of other problems. The bad loan problem is big and real, says Duvvuri Subbarao. The continuance of real sector problems, partly policy-driven in the most recent period such as demonetization, has aggravated the banking situation, says Chakravarthy Rangarajan.
View: What can governor Shaktikanta Das learn from Subbarao’s mistakes?
As the payment moratorium deadline draws closer, Governor Shaktikanta Das’ dilemma may be no different from Subbarao’s. How to exit the Chakravyuh? The industry chorus for a one-time loan restructuring, if granted, is set to pull him in deeper than allowing an exit.
View: If interest on loans is waived, banks or depositors can’t be told to pick up the bill
At the heart of this case is a simple question: Who bears the cost?
India's GDP growth may rebound to 5 pc in FY22, says Duvvuri Subbarao
Indian economy may expand by around 5% in the next financial year,ex-RBI guv Duvvuri Subbarao said.
Credit guarantee scheme for banks need of hour, ex RBI chief Duvvuri Subbarao
“Government needs to consider spending on livelihood support, improving and expanding medical infrastructure, and provide standing guarantee to banks to lend and give loans,” Subbarao said in a panel discussion on the financial sector, hosted by the Confederation of Indian Industry (CII).
Centre's financial stimulus not sufficient; fiscal deficit may jump to 14%: Former RBI Governor Subbarao
Govt's Covid check wasn't enough when it was announced. It looks even less now, Subbarao said.
Markets will punish India for fiscal excesses, says former RBI governor
India has already missed budget deficit targets for three straight years.
We took both conventional and unconventional steps: Duvvuri Subbarao
We must understand that we can never fully insure ourselves against financial crisis.
India should be 'wooden-headed' about fiscal consolidation: Duvvuri Subbarao
He cautioned that every time finance ministers hit the "pause" button on fiscal consolidation, whether it is the UPA government or the NDA government, they have justified it on the ground that "this time is different".
Unfair to put moral code of conduct on RBI chief: Duvvuri Subbarao
Rajan had defended his speeches last week, saying all the 'controversial' public speeches were "perfectly legitimate" ones within the remit of a central bank head.
Government and RBI should settle differences behind door, says Duvvuri Subbarao
Subbarao's tenure between 2008 and 2013 saw innumerable instances of meddling by the central government in various forms including publicly commenting about the interest rates.
