Addressing the 14th convocation of the ICFAI Foundation For Higher Education, he said India’s development strategy should be multidimensional and growth may be stimulated by raising investment rate, emphasising agriculture, manufacturing and services, absorbing new technologies and promoting a mix of sectors that are employment friendly
“It has been a pleasure to have been a part of the Board of the Company. Due to my new full-time work assignment starting next month, the attendant time constraint has compelled me to tender my resignation as an independent Director of Britannia Industries Ltd. from January 31, 2022," Patel said in a letter.
The impact of the Narasimham Committee reports continues to weigh on the Indian banking system
CNBC-TV18’s Timsy Jaipuria caught up with Former Reserve Bank of India Governor, YV Reddy and asked him his take on the recent bank recapitalisation proposal that the government has put forward.
The policies of the government should be market-friendly rather than being business friendly, former RBI Governor Y V Reddy said today.
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.
Jalan was RBI governor from 1997 to 2003, coinciding with the first NDA government of Atal Bihari Vajpayee.
Raghuram Rajan, who stepped down on September 4 as India's top central banker, said in an interview with the New York Times that he hoped the country would finish "the process of bank cleanup which is underway."
Gross non-performing assets ratio has shot up to 7.6 percent from 4.2 percent in September 2013 while the overall stressed assets are estimated to be over 14.5 percent, almost double the level when he took over.
Former RBI governor Duvvuri Subbarao on Friday spoke out against the idea of having a 'moral code of conduct' for the central bank head, strongly defending the right of public intellectuals like his successor Raghuram Rajan to use the gravitas of the office for public good.
Subbarao, who was succeeded by a much more outspoken Raghuram Rajan at RBI, also says that "virtually all central bank governors have taken an ego trip on the magic of the words they spoke or rued the fallout from some miscommunication".
A high-level panel chaired by former RBI Governor Bimal Jalan that will scrutinise applications for new bank licences will hold its first meeting on November 1.
Stock exchanges and depositories will be allowed to list, the Securities and Exchange Board of India (Sebi) decided on Monday, more or less overturning the recommendations of the Bimal Jalan Committee on the matter.
Nobel laureate Joseph Stiglitz once said that if America had a central banker like YV Reddy, it wouldn't have been in such a mess.