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).

  • Government must listen to people speaking truth: P. Chidambaram

    New Delhi: Former Finance Minister P. Chidambaram on Wednesday said the Prime Minister Narendra Modi-led government must listen to people speaking truth to power, referring to observations made by economists Arvind Panagariya, Raghuram Rajan and Arvind Subramanian.

  • NEW ECONOMIC ADVISER BY AUG 1?

    New Delhi : The Finance Ministry on Saturday advertised that it is looking for a new Chief Economic Adviser (CEA) in lieu of the resignation of Dr Arvind Subramanian to return to the United States.

  • Raghuram Rajan

    Rajan guns for BoE top job?

    London : Raghuram Rajan, former governor of the Reserve Bank of India, has been named as one of the possible contenders for the top job at the Bank of England (BoE), according to a report by Financial Times.

  • 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.

  • Edelweiss ARC CMD Siby Antony: Not in favour of asset sales and haircuts, but turnaround of potential companies

    The asset reconstruction business is still evolving. So there is space for all asset reconstruction companies (ARCs) to recognise their own expertise and enter the space they aspire to be in. One particular ARC is Edelweiss ARC. The company has focused entirely on turnaround of companies with potential, rather than traditional resolution through asset sale and haircuts. It has had quite a lot of success with this mind set, says Continue Reading ...-->

  • Raghuram-Rajan

    West must share benefits of growth with emerging world: Raghuram Rajan

    Davos: Former RBI Governor Raghuram Rajan today said the Western world must realise they cannot go a long way without the help of the emerging economies and warned that no one would be able to resolve any problem of a ‘fractured world’ if things are not set right soon.

  • Raghuram-Rajan

    AAP to fill 3 RS seats with outsiders, Raghuram Rajan on the list

    New Delhi: The Aam Aadmi Party (AAP) is planning to fill three Rajya Sabha seats from Delhi which will fall vacant in January, with people outside the party and has contacted former RBI Governor Raghuram Rajan to be one of the candidates.

  • Demonetisation’s short-term costs were high, long-term benefit doubtful

    New Delhi: When Raghuram Rajan, former governor of the Reserve Bank of India (RBI), cautioned the government against demonetisation, saying short-term economic costs would outweigh long-term benefits, he was not trying to be prophetic.

  • Could have managed liquidity better: Rajan

    New Delhi : Former RBI Governor Raghuram Rajan has said that in hindsight it appears that the central bank under his governorship could have managed the liquidity in banking system in a better manner on certain occasions. Rajan, however, added that once the problem of liquidity shortage was thrown up by data, the central bank acted promptly to retrieve the situation. “There is one place we did not recognise that the liquidity

  • Implementation holds the key to India’s rapid growth: Raghuram Rajan

    New Delhi : India’s weakness lies in implementation, stated the former governor of Reserve Bank of India (RBI). He said this during Mumbai launch of ‘I do what I do’, a popular line of Raghuram Rajan and now the title of his latest book. During the launch, he addressed lot of issues that were of concern during his career and is of concern for the country now. Replying to the query on