Outgoing Chief Economic Adviser Arvind Subramanian today expressed scepticism over the handling of the mounting NPAs crisis as he praised former RBI governor Raghuram Rajan for identifying the lacuna and trying to resolve it, sources said.
Noting that the earlier fall of the rupee to a record low in 2013 had prompted extraordinary measures from the RBI, Interim FM Piyush Goyal sought to play down any alarm on this count, saying the government would take "appropriate measures" after taking cognisance of the current global situation.
Balakrishnan has been appointed as the first CFO of the Reserve Bank, as part of the organisational change brought in by Urjit Patel, banking sources said.
Former Reserve Bank of India chief Raghuram Rajan said he did not intend to apply for the job of Bank of England governor which is due to come vacant next year.
Comparisons between India and China are "unfair" as India "pales" before the communist giant, which is about five times India's size, Rajan said.
Former RBI Governor Raghuram Rajan today expressed fears that Artificial Intelligence would take up jobs--both high skilled and unskilled.
The global economic recovery could be hit if the trade war between the US and China escalate, renowned economist and former RBI Governor Raghuram Rajan said.
Rajan said reforms are likely to be put on the shelf till next gen elections but expressed hope that the country will move up to a "higher plane of growth" thereafter.
Former RBI Governor Raghuram Rajan may have stopped making headlines every other day but his tenure is enough inspiration for leading thriller writer Ravi Subramanian.
The AAP is planning to fill three Rajya Sabha seats from Delhi, and has contacted former RBI Governor Raghuram Rajan to be one of the candidates.