Wednesday, 23 June, 2021
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Raghuram Rajan, Nobel laureate Esther Duflo to join Economic Advisory Council of Stalin govt

Former Chief Economic Advisor Arvind Subramanian, Economist Jean Dreze and former Union minister S Narayan will also be a part of council meant to revitalise Tamil Nadu's economy.
File image of former RBI governor Raghuram Rajan | PTI

India’s Covid crisis shows lack of foresight, complacency, says Raghuram Rajan

Former RBI governor Rajan says India’s relative success with first wave likely led to a sense that vaccines could be rolled out slowly, adds that the govt is now in 'emergency mode'.
File image of former RBI governor Raghuram Rajan | PTI

‘Grievous blow to free speech’ — Raghuram Rajan on Pratap Mehta’s exit from Ashoka University

Nearly 180 academics from Yale, Columbia, Oxford universities also voiced support for Pratap Bhanu Mehta, who quit as a professor of Ashoka University earlier this week.
File photo of former RBI governor Raghuram Rajan | PTI

‘Drastic changes’ to monetary policy framework could upset bond market, says Raghuram Rajan

Rajan said govt’s ambitious target to make India a $5 trillion economy by 2024-25 was ‘more aspirational than carefully computed’, even before the pandemic.
File image of former RBI governor Raghuram Rajan | PTI

‘Jai Shri Ram’ hungama across channels, Raghuram Rajan on economic woes — NDTV 24×7

A quick take on what prime time TV news talked about.

Is this a doom loop, Raghuram Rajan asks as economists see more global inequality after Covid

While global growth is widely expected to strengthen as more people are vaccinated, top economists say pandemic has exposed the depth of inequality.
Farmer in a field | Prashanth Vishwanathan | Bloomberg

As UPA CEA, Kaushik Basu backed farm reforms. Now, he calls Modi’s laws ‘flawed, detrimental’

Kaushik Basu has been critical of Modi govt’s farm reform laws, trashing them on Twitter and in a newspaper article and has sought their withdrawal.
File image of former RBI governor Raghuram Rajan | PTI

Rupee strong from exports perspective, should depreciate a bit, says Raghuram Rajan

India needs to worry about medium-term growth trajectory and see if the current levels of demand are sustainable in future, the former RBI governor says at ASCENT eConclave 2020.
USE this one when in doubt. Also use this one when not in doubt. Just use this.

Rajan, Acharya right to oppose corporates into banking. RBI’s poor regulation makes move risky

ThePrint view on the most important issues, instantly.
Former RBI governor Raghuram Rajan (L) and former RBI deputy governor Viral Acharya

Rajan, Acharya hit out at idea of corporates in banking, say borrowers shouldn’t own banks

In a paper, Raghuram Rajan & Viral Acharya have termed the recent recommendation of an RBI internal working group on allowing corporates into banking a ‘bombshell’. 

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Indira Gandhi

How Emergency made it to school textbooks during Congress raj

The preface in the NCERT book on political science said it was a “tribute to the maturity of Indian democracy”. I wince as I read that now.
Moody's logo displayed outside its headquarters in New York | Scott Eells/Bloomberg

Moody’s cuts India’s growth forecast from previous estimate of 13.9% to 9.6% for 2021

Moody's said the second wave Covid infection hit India's economy in April, May and faster vaccination progress will be paramount in restricting economic losses to June quarter.

Defence

India, US kick off two-day multi-domain wargame in Indian Ocean Region with eye on China

The US deployed its naval carrier strike group, led by the USS Ronald Reagan, and a fleet of F-18 fighter jets and E-2C Hawkeye all-weather aircraft for the exercise, officials said.

China’s Wuhan story unravels as world’s finest, including from India, nail Covid lab-leak proof

The global hunt for where the virus behind pandemic came from shows science, democracy and a sense of inquiry can overcome politics, ideology and omerta codes.