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Former RBI Governor Padma Vibhushan Dr C. Rangarajan on monetary vs fiscal tightening, India's investment climate, RBI's autonomy, and his book 'Forks In The Road'.
Reforming the way the banks are being run is extremely important,C Rangarajan, Former RBI Governor.
Gita Gopinath, Economics Professor, Harvard University, says Rajan will be remembered as a person who was in charge when inflation came down, almost halved.
Sonal Varma, economist at Nomura India, thinks everyone is overplaying the role of commodity price fall on CPI considering it is largely a non-tradable basket because it has food and services in it. Hence the impact is rather low.
MRSC will replace the current practice of companies getting blocks by bidding maximum work programme and then recovering all of their investment before sharing profits with the government.
Dr C Rangarajan, chairman of the Prime Minister's Economic Advisory Council (PMEAC) feels the fears of job loss on account of foreign direct investment (FDI) in the retail sector are "misplaced".
Dr. C Rangarajan of Prime Minister's Economic Advisory Council (PMEAC) in an interview to CNBC-TV18 said that public sector investments in areas like coal, roads and railways should pick up to boost the economy.
Appreciating RBI’s hawkish stance on the monetary policy, the chariman of PMEAC, Dr C Rangarajan, in an excluive interview with CNBC-TV18, says that the central bank has acted in the right way by hiking rates by 50 bps. “A strong action on the part of RBI was called for and RBI has responded well,” he says.
Dr C Rangarajan, Chmn, Economic Advisory Council to the Prime Minister, in an interview with CNBC-TV18’s Latha Venkatesh, firmly believes the Reserve Bank of India has taken the right step in increasing rates by 25 bps. “I expect the RBI to continue to raise rates going forward,” he says.