Raghuram Rajan says India losing its economic way, fiscal deficit ‘conceals’ a lot
The Indian economy is in a “worrisome” situation, with slowing growth, a fiscal deficit that “conceals” a lot and rising levels of debt and distress, former Reserve Bank of India governor Raghuram Rajan has said. Read the report by Remya Nair to know more.
Confusion in Congress over Veer Savarkar has once again exposed its ambivalence on nationalism. It needs to learn from Indira Gandhi, or even Manmohan Singh, writes Shekhar Gupta.
The Ayodhya connection to Asaduddin Owaisi’s Delhi home
Since 1993, when the legal tussle began in Delhi over the Babri Masjid demolition at the disputed site, AIMIM chief and Hyderabad MP Asaduddin Owaisi’s 34 Ashoka Marg bungalow in the national capital has served as the place of stay for the Muslim plaintiffs in the case, reports Rahul Sampal.
Economist Abhijit Banerjee is the sixth Nobel winner with a Kolkata connection
Kolkata has a deep connection with the Nobel Prize, with at least five winners having links — by birth or work — with the West Bengal capital. Five of six Indian Nobel laureates have the Calcutta Chromosome. And Kolkata still preserves the structures associated with their life and work, reports Madhuparna Das.
How Sourav Ganguly became BCCI president, with some help from BJP
Sourav Chandidas Ganguly stood tallest at a loosely-structured but impact-making conclave of the past and present administrators of the Board of Control for Cricket in India (BCCI) in Mumbai Sunday night, but an effort was initially made to keep him away from the president’s position. Read the report by Lokendra Pratap Sahi to know more.
If Narendra Modi wants the Nobel Peace Prize, he can learn a lot from Abiy Ahmed
The Nobel Peace Prize goes to either issue-based campaigners or peace-makers. Narendra Modi is both. To make a stronger claim for the Nobel, Modi may want to look at the 2019 winner of the prize Abiy Ahmed, the Prime Minister of Ethiopia, writes Shivam Vij.
Private banks are also in trouble, Modi govt must act now to set up resolution capability
The focus of banking sector reforms in India has been public sector banks. But recent media reports suggest that some of India’s private sector banks may be in trouble, writes Ila Patnaik.
Demonetisation and GST broke the Indian economy’s back, says Raghuram Rajan, was it so intense that even the back of world economy was broken so only a fiscal stimulus can revive global economy as per the finance ministers & central bankers.
Was synchronised slow down across almost 90% of world economy which dominated talks at the IMF & World Bank’s annual meetings in Washington last week effect of the Indian De-Mo and GST ?
Rajan has a psychological disease. He loves the sound of his voice too much, a classical megalomaniac. Had he gone about his job as the RBI governor seriously, he would have more credibility. Instead, he strutted around the country with an enterourage of fawning lefty media giving political speeches. He has no credibility, only pinko journos print his balderdash.
Megalomaniac? Rajan? Seriously! Are you kidding me right now? It is your idol who is a megalomaniac.
And I think Rajan has more credibility than you will ever have in your whole life. And FYI, using jargon doesn’t give any credibility.?
Nationalisation of private banks in 1969 and subsequent years may be relevant at that time. But it had taken ugly turn in later years. The government should have gone for disinvestment in 1991 it’s when the country’s economy was not doing well . nationalisation of Tata Airlines is a classic example as what we are witnessing .govt should supervise business houses .it should not run as they are not meant for it