Reserve Bank of India’s (RBI) former Governor Raghuram Rajan gave cricketing analogy for the Central Bank’s operation board, asking it to play like Rahul Dravid and not like Navjot Singh Sidhu. Talking about the alleged rift between the government and RBI, Rajan in an interview to Economic Times strongly advocated for the autonomy of the Central bank stating that it is in the interest of the country that both sides […]

Let’s begin with two questions. One, if Raghuram Rajan didn’t approve of demonetisation “at any point during his term”, how did the government claim it got the Reserve Bank of India (RBI) on board some six months before the launch to start preparations for the massively disruptive exercise in the economy? Rajan left the RBI on 4 September 2016 and demonetisation was announced just two months later, on 8 November […]

Former RBI governor Raghuram Rajan on Thursday warned of “policy uncertainty” for the world economy due to there being a “bunch of new leaders” who need to prove they are strong, even as he exuded confidence about all large economies doing well. Without specifically mentioning India, Dr Rajan, who is among the few to have predicted the 2008 global financial crisis, said, “This is the first time in a long […]

Rajan, known to have frank views on state of affairs in the Indian and global economy, said “a bunch of good things have happened” in India, but there were “still some things to do”. With India being often described as ‘the bright spot in the global economy’, Reserve Bank Governor Raghuram Rajan sees this as a case of ‘the one-eyed man’ being king in the land of the blind. Amid […]