Bimal Jalan

Notwithstanding economic uncertainties triggered by the Russia-Ukraine war that is also impacting the global supply chain, Bimal Jalan said it is not going to affect India’s economic performance.

India's high priority for now should be to grow at 7-8%: Former RBI governor Bimal Jalan

Asked whether India will be able achieve a $5-trillion economy target by 2024-25, former RBI governor Bimal Jalan said, "We are in 2021. So, four years are there and as of now, it does not seem that we will be able to reach that target."

RBI releases annual report; central bank's income jumps 146.5% to Rs 1.93 lakh crore

The apex bank's interest income grew 44.62 percent to Rs 1.06 lakh crore and other income rose to Rs 86,199 crore as on June 30, 2019, from Rs 4410 crore a year ago.

Jalan Committee: How the rules governing RBI reserves have changed over the years

In 2006–07, 75 per cent of RBI’s revaluation balances were wiped out, amounting to 1.5 per cent of GDP

Bimal Jalan panel report on transfer of RBI funds to government 'almost finalised'

The panel, headed by the former RBI governor, will not meet again, and the report will be submitted to the RBI in the next few days.

Bimal Jalan panel on use of RBI reserves may submit report in August

The panel is likely to suggest a phased transfer of the RBI's excess funds to the government.

Subhash Chandra Garg's exit: Bimal Jalan-led panel's report may see further delay

"The panel may need to take Finance Ministry's view again on RBI's surplus transfer since Garg was dissenting with the initial report," the official told Moneycontrol.

Editor's Take | Government wants RBI surplus in one go

In this episode of Editor's Take, Stanford Masters talks to Ravi Krishnan on how the Jalan panel should move forward into fixing upon the right way to transfer the RBI surplus.

Bimal Jalan panel suggests RBI transfer funds in tranches to government

The panel is looking into the size of capital reserves that the RBI should hold.

Bimal Jalan panel to submit report on eco capital framework by June-end

In December last year, the central bank set up a committee on ECF, which was expected to submit its report within 90 days from the date of its first meeting

Opinion | RBI's surplus transfers to the government: Lessons from other countries

RBI’s expert committee clearly has a tough job on its hands.

Bimal Jalan panel holds 1st meeting to examine reserve size of RBI; report likely in April

The panel has been entrusted with the task of reviewing the best practices followed by central banks worldwide in making assessment and provisions for risks which a central bank balance sheets are subject to.

Former RBI governor Bimal Jalan to head expert panel on Economic Capital Framework

Former secretary Rakesh Mohan has been named the vice chairman of RBI panel. It will include Economic Affairs Secretary Subhash Chandra Garg and RBI Deputy Governor NS Vishwanathan, the RBI said in a statement.

Govt needs to focus on jobs creation: Bimal Jalan

Former RBI Governor Bimal Jalan said the government needs to focus on jobs creation and stressed that the long-term prospects for economic growth are good. Also, he said the Narendra Modi-led government has a majority and can take tough decisions.

Union Budget 2018: ​India ready for universal basic income, govt should implement it over 2 years, says Former RBI Governor Bimal Jalan

“Basic income, in its essence, has to be above the poverty line. It surely is a good idea. I think the economy is ready for it. It can be implemented over a period of two years. In terms of subsidies, we can begin by reducing subsidies and merging them,” said Jalan.

Move away from fixation of targeting fiscal deficit or inflation: Ex-RBI Guv Bimal Jalan

"There is a fixation somehow among all of us to have target-related fiscal policy, fiscal deficit, how much it should be, why it should be, what is the trade-off between what you say growth and inflation and so on," he said speaking at a seminar at the RBI-promoted IGIDR (Indira Gandhi Institute of Development Research) in Mumbai.

Bimal Jalan thrashes fixation with fiscal deficit targeting

"There is a fixation somehow among all of us to have a target-related fiscal policy, fiscal deficit, how much it should be, why it should be, and what is the trade-off between what you say growth and inflation and so on," he said speaking at a seminar at the RBI-promoted IGIDR here.

'Inflation targeting' can't work in India: Bimal Jalan

"Inflation targeting is fine for countries like the US and the UK. But we (India) are dependent on rain, import of oil from Gulf countries. In India, there is no point in setting inflation target," Jalan said at a function to release a book written by former RBI Governor Y V Reddy.

India Business Leader Awards: RC Bhargava, Arundhati Bhattacharya, YC Deveshwar, among winners

CNBC-TV18 will felicitate the leaders who have led the country’s glorious journey from the front, in the 12th edition of CNBC-TV18's India Business Leader Awards (IBLA) on March 23. The business leadership awards recognise leaders who create and sustain entrepreneurial initiatives, develop best practices and carve out powerful businesses in the global economy.

In first address, Patel asks staff to guard RBI reputation

In his first address to the staff after taking over as the 24th Governor on September 4, 2016, Patel, in an email, said the RBI has achieved the excellence only because of the collective efforts of its employees.

'Humiliated' by post-note ban events, RBI staff write to Patel

Feeling "humiliated" by events since demonetisation, RBI employees today wrote to Governor Urjit Patel protesting against operational "mismanagement" in the exercise and Government impinging its autonomy by appointing an official for currency coordination.

RBI's autonomy a fundamental fact & we have to maintain it:Jalan

Speaking to CNBC-TV18 Former RBI Governor Bimal Jalan said that while everybody concedes that the growth rate will go down, the magnitude of the fall varies.

Chidambaram demands Nov 8 RBI meeting minutes made public

Addressing the media on the last day of depositing the invalid notes in banks, Chidambaram also demanded that the agenda and minutes of the crucial RBI Board meeting along with the Cabinet Note of demonetisation be made public.

Demonetisation: Former RBI governor Bimal Jalan questions timing, secrecy

Jalan was RBI governor from 1997 to 2003, coinciding with the first NDA government of Atal Bihari Vajpayee.

25 Since Reforms: Bimal Jalan

Watch the interview of Bimal Jalan Former Governor, RBI Chairman, PMEAC - 1991 to CNBC-TV18, in which he shared his thoughts on 25 years of reforms in India and its impact on Indian economy.