The former RBI chief added that the booming stock market does not reflect the reality that many Indians are in distress.
Former RBI governor Raghuram Rajan, in a Linkedin post, said that free speech has suffered a 'grievous blow' in India.
Former RBI Governor's remarks were in response to a query on whether he was in favour of reviewing the 2-6 per cent target band for inflation under the monetary policy framework.
What Rahul Gandhi, perhaps, needs is to urgently diversify his guest list and topics of conversation to include people the ordinary Indians can relate to.
In Rajan, Rahul found the voice of a credible, globally-respected economist to endorse every diatribe the Congress party has fired against the Centre in wake of the health pandemic and beyond it, writes Puneet Nicholas Yadav.
Speaking of the lockdown exit strategy, Rajan said India needs to be cleverer in lifting the lockdown and open up its economy in a 'measured way' soon as it does not have the capacity to support people across the spectrum for too long.
He asserted that with the right resolve and priorities, and drawing on India's many sources of strength, it can beat this virus back, and even set the stage for a much more hopeful tomorrow.
Raghuram Rajan said the Modi government has shown "surprising timidity" when it comes to unfinished reforms on the business environment, land acquisition, labour and the role of the public sector.
The Finance Minister had said that Indian banking sector had the 'worst phase' under the former RBI govenror.
Raghuram Rajan reflected on his worry for the slowdown in the economy, which he said he hoped was cyclical but feared it may be more than that.
Nirmala Sitharaman said while she is grateful that Rajan did an asset quality review, but people should know what makes the banks ailing today.
Raghuram Rajan during his term as an RBI Governor had cautioned the government about the consequences of raising funds through overseas sovereign bonds.
The complaint was filed by Madhya Pradesh Cricket Association Life member Sanjeev Gupta stating that Dravid has taken a "Leave of Absence" and not resigned from his position at India Cements (owners of IPL franchise CSK) before taking up the role of National Cricket Academy's Director of Cricket
Raghuram Rajan, who served as the 23rd Governor of RBI between 2013 and 2016, is the only outsider among the top contenders for the job
Raghuram Rajan said both the BJP, through its cash transfers to small farmers, and the Congress, through its Nyay scheme promise, have shown that cash transfers are the way forward to alleviate poverty
Raghuram Rajan, who was Reserve Bank of India (RBI) Governor between September 2013 and September 2016, said a stronger broad-based growth is needed that creates more jobs.
Prime Minister Narendra Modi on November 8, 2016 had announced to ban the Rs 500 and Rs 1,000 currency notes from the system aimed at curbing black money, fake currency and terror funding, among others.
Speaking at the University of California in Berkley on Friday, Rajan said part of the problem in India was that there is an excessive centralisation of power in the political decision making.
A farmer sits near his red chillies at a deserted APMC market, during the weekend curfew imposed by the Karnataka government to curb the spread of COVID-19, in Hubballi.PTI Photo
Delhi Chief Minister & AAP National Convenor Arvind Kejriwal being welcomed by women supporters during his door-to-door campaign ahead of the Goa Assembly elections, in Goa.PTI Photo
A health worker collects swab sample of a woman for COVID-19 test, amid concerns over rising Omicron cases, in Gurugram.PTI Photo
Traffic jam on a road at Shalimar Bagh during the weekend curfew imposed by the Delhi government to curb the spread of Covid-19, in New Delhi.PTI Photo/ Shahbaz Khan
The Lajpat Nagar market wears a deserted look during the weekend curfew imposed by the Delhi government to curb the spread of Covid-19, in New Delhi.PTI Photo/ Shahbaz Khan
He would take his colour, brushes and canvas outside to paint and talk with his love. He would stand close to the window and paint, keeping an eye on his muse.
They say the violin mimics the human sound. In his case, it was that of love, of longing. He didn’t know any other way of loving.
Younger people do not have much progressive beliefs; a 2017 survey found that one-third of young people opposed inter-caste marriage.
The pandemic has made it clear that virtual learning is here to stay. In the West, the big question is whether it will dilute the quality of the college experience and education. In India, which grapples with digital divide, the question remains whether this will reach most people at all.
Even after two years of the Covid-19 pandemic, many 'informed' individuals in India continue to deny the virus with unscientific claims and unfounded data. The latest? Omicron will end the pandemic.
Across Asia there are deeply entrenched obstacles to a mode of higher education that is liberal in multiple senses – disciplinary and epistemological but also social and political.
The two incidents in the recent past, one in Mon district of Nagaland and the other at Lakhimpur Kheri in Uttar Pradesh, undermined the core principles democracy and federalism.