Rupee fall, bad loans still cause for concern: Bimal Jalan

New Delhi: Terming the Modi government’s performance as a mixed story, former RBI Governor Bimal Jalan on Sunday said the declining value of rupee and high non-performing assets continue to remain a cause for concern. On the non-economic front, Jalan said the country is still suffering from mis-governance, civil protests in several states over different issues and non-secular announcements. He said the Narendra Modi-led government has launched several reforms, including the GST, Insolvency and Bankruptcy Code and direct benefit transfer scheme, which are good for the economy.”There is no doubt that our growth rates are one of the highest in emerging markets; inflation is low,” he said.

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