Free Press Journal
  • Gave list of NPA fraud cases to PMO but not aware of progress: Former RBI Governor Raghuram Rajan

    New Delhi: A larger number of bad loans or NPAs originated in 2006-2008 when Indian economic growth was strong as the banks made mistakes, former RBI Governor Raghuram Rajan has said. He said that global slowdown, project cost overruns and government decision-making were among the factors that contributed to the process. “A larger number of bad loans originated in 2006-2008 when economic growth was strong, and previous infrastructure projects such as power plants had

  • Bad loans during UPA, highly optimistic bankers and slow growth rate responsible for NPA: Raghuram Rajan

    New Delhi: Over optimistic bankers, slowdown in government decision making process and moderation in economic growth mainly contributed to the mounting bad loans, said former RBI Governor Raghuram Rajan in a note to Parliamentary panel. In a note to Chairman of Estimates Committee Murli Manohar Joshi, he said: “A variety of governance problems such as the suspect allocation of coal mines coupled with the fear of investigation slowed down government decision making in Delhi,

  • Rupee has not weakened to worrying level: Raghuram Rajan

    New Delhi : Former RBI Governor Raghuram Rajan has said that the rupee has not depreciated to ‘too worrying levels’, though the government needs to take care of the widening current account deficit (CAD).

  • Implementation of GST not ‘unfixable’ problem, says Raghuram Rajan

    New York: Proper implementation of the Goods and Services Tax (GST) in India can be worked upon and is not an “unfixable problem”, former RBI governor Raghuram Rajan has said, reiterating that demonetisation was “not a well-planned, well thought-out” move.

  • India should move out of agriculture into industry, services says former RBI Governor Raghuram Rajan

    Kochi: Former Governor of Reserve Bank of India Raghuram Rajan on Friday said the country should enable its workforce to move out of agriculture into industry and services, as income in the latter sectors is much higher. He said the society has always found ways to adapt to changing times even when there have been fears of machines replacing humans.