D Subbarao

The criticism that the Reserve Bank of India was behind the curve in hiking interest rate to tame rising inflation is unfair, former RBI Governor D Subbarao said on Wednesday and asserted that it is difficult for any central bank to anticipate the future more accurately.

RBI Deputy Governor Michael Patra said the central bank's views about cryptocurrencies might have delayed the government's proposed legislation on crypto assets.

The upcoming Budget should focus on creating jobs and bridging the widened inequality in the economy besides accelerating growth, former RBI Governor D Subbarao said on Thursday.

India's gross domestic product is forecast to grow by as much as 12.5% in the fiscal year that began April 1, which would make it the world's fastest growing major economy.

Much of the resolution will have to take place outside the Insolvency and Bankruptcy Code framework, former Reserve Bank of India Governor D Subbarao said.

The former RBI governor said that livelihood support has to be extended to many more families as most of their savings have dried up

Reserve Bank of India (RBI) Governor Urjit Patel stepped down from his position today, months after a conflict between the central bank and the Narendra Modi government stormed into the open. The opposition parties were quick to blame the government for his decision, with the Congress declaring it as the "result of our chowkidar's assault on democr...

Demonetisation is "arguably" leading to a flurry of innovations in Indian financial sector by way of digitisation of payments, Mr Subbarao said.

"The cleansing of the system" will be positive for bothsavings and investment, " Said the former Governor of RBI

Former RBI governor D Subbarao 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.

Reserve Bank Governor Raghuram Rajan disclosed that idea of raising diaspora deposits, which changed the downward course of the rupee when he took over in September 2013, had come from bankers and he was very sceptical about it given the cost to the exchequer.

D Subbarao, who was governor of the Reserve Bank of India during the UPA regime, on Thursday said there was pressure from the government to cut lending rates but he did not succumb to it.

Former Reserve Bank Governor D Subbarao has said differences between the central bank and the government are not bad in themselves but contribute to improving public policies.

Admitting that the "action or inaction" of RBI during his tenure could have been among reasons for the present bad loan crisis, former governor D Subbarao said he should have addressed those issues.

The new interest rate setting Monetary Policy Committee (MPC) could enhance the autonomy of the Reserve Bank and will put greater discipline on both the central bank and the government to meet their targets, former RBI Governor D Subbarao has said.

The criticism that the Reserve Bank of India was behind the curve in hiking interest rate to tame rising inflation is unfair, former RBI Governor D Subbarao said on Wednesday and asserted that it is difficult for any central bank to anticipate the future more accurately.

RBI Deputy Governor Michael Patra said the central bank's views about cryptocurrencies might have delayed the government's proposed legislation on crypto assets.

The upcoming Budget should focus on creating jobs and bridging the widened inequality in the economy besides accelerating growth, former RBI Governor D Subbarao said on Thursday.

India's gross domestic product is forecast to grow by as much as 12.5% in the fiscal year that began April 1, which would make it the world's fastest growing major economy.

Much of the resolution will have to take place outside the Insolvency and Bankruptcy Code framework, former Reserve Bank of India Governor D Subbarao said.

The former RBI governor said that livelihood support has to be extended to many more families as most of their savings have dried up

Reserve Bank of India (RBI) Governor Urjit Patel stepped down from his position today, months after a conflict between the central bank and the Narendra Modi government stormed into the open. The opposition parties were quick to blame the government for his decision, with the Congress declaring it as the "result of our chowkidar's assault on democr...

Demonetisation is "arguably" leading to a flurry of innovations in Indian financial sector by way of digitisation of payments, Mr Subbarao said.

"The cleansing of the system" will be positive for bothsavings and investment, " Said the former Governor of RBI

Former RBI governor D Subbarao 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.

Reserve Bank Governor Raghuram Rajan disclosed that idea of raising diaspora deposits, which changed the downward course of the rupee when he took over in September 2013, had come from bankers and he was very sceptical about it given the cost to the exchequer.

D Subbarao, who was governor of the Reserve Bank of India during the UPA regime, on Thursday said there was pressure from the government to cut lending rates but he did not succumb to it.

Former Reserve Bank Governor D Subbarao has said differences between the central bank and the government are not bad in themselves but contribute to improving public policies.

Admitting that the "action or inaction" of RBI during his tenure could have been among reasons for the present bad loan crisis, former governor D Subbarao said he should have addressed those issues.

The new interest rate setting Monetary Policy Committee (MPC) could enhance the autonomy of the Reserve Bank and will put greater discipline on both the central bank and the government to meet their targets, former RBI Governor D Subbarao has said.