Subbarao

"I was disappointed that there was not sufficient emphasis on jobs (in the Budget for 2023-24) ...mere growth will not do; we need job intensive growth," D Subbarao told PTI in an interview.

Former RBI governor D Subbarao has suggested that the government should come up with a 10-year road map for privatisation of all Public Sector Banks (PSBs) as it would provide much needed predictability to stakeholders.

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.

PM Modi during a virtual summit hosted by US President Joe Biden said that they are used “empower democracy, not to undermine it”.

Former RBI governor Duvvuri Subbarao has expressed his views regarding the crypto space in India. Threat to the central bank's jurisdiction on money management as well the lack of a data protection bill are among his top concerns against the legalisation of cryptocurrencies.

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

Subbarao said that as predicted by analysts, India will have a V shaped recovery which is far better than most of the other countries

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

But Mr Subbarao also stressed the importance of following up with tougher measures on currency management and not to allow the built up of "black money" again.

"I was disappointed that there was not sufficient emphasis on jobs (in the Budget for 2023-24) ...mere growth will not do; we need job intensive growth," D Subbarao told PTI in an interview.

Former RBI governor D Subbarao has suggested that the government should come up with a 10-year road map for privatisation of all Public Sector Banks (PSBs) as it would provide much needed predictability to stakeholders.

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.

PM Modi during a virtual summit hosted by US President Joe Biden said that they are used “empower democracy, not to undermine it”.

Former RBI governor Duvvuri Subbarao has expressed his views regarding the crypto space in India. Threat to the central bank's jurisdiction on money management as well the lack of a data protection bill are among his top concerns against the legalisation of cryptocurrencies.

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

Subbarao said that as predicted by analysts, India will have a V shaped recovery which is far better than most of the other countries

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

But Mr Subbarao also stressed the importance of following up with tougher measures on currency management and not to allow the built up of "black money" again.