Trade war: Former RBI Chairman Raghuram Rajan called for good trade relations between India and China, as they can do a lot of economic activities together. “I do think there is benefit in India having a good relationship with China and vice versa because these are two big countries that can do a lot of activity of economic activity together,” Rajan told CNBC on the sidelines of a Nomura Conference. Given the recent fears of the global trade war, after the Trump administration imposed tariffs on some of the major world economies, former RBI Chairman Raghuram Rajan said that it a trade conflagration poses one of the biggest threats today. “At this point the biggest risk is the combination of rising rates and some untoward action on trade. If we have a trade conflagration in the next few months, that could really hamper the global economy,” he noted. “The key question is whether these bargaining ploys, threats of leveling tariffs, … [Read more...] about Raghuram Rajan bats for better India-China trade relations; sees silver lining in Trump’s trade war
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New Delhi: Former President and Congress stalwart Pranab Mukherjee's acceptance of RSS's invitation to address its workers at a function next month has created a flutter in the party camp. The next in line to be invited by the sangh parivar is former RBI chief Raghuram Rajan. The VHP has invited Rajan to speak at the World Hindu Congress, which will be held in Chicago in September this year to commemorate 125 years of Swami Vivekananda’s historic address to the Parliament of World Religions. VHP is a part of the sangh parivar that includes the RSS and other pro-Hindu outfits. The RSS was highly critical of Rajan's policies while he was the RBI governor. RSS supremo Mohan Bhagwat is also likely to be part of the forum. Rajan after completing his term in September 2016, returned to pursue his academic career at the University of Chicago According to a newspaper report, others who have been invited are Tibetan spiritual leader Dalai Lama, UP CM Yogi Adityanath, … [Read more...] about Former RBI chief Raghuram Rajan invited by VHP to speak at Chicago event
India's legendary opening batsman Sunil Gavaskar faced down the world’s fastest bowlers without wearing a helmet over the course of a record-breaking 16-year career at the top of the game. Raghuram Rajan, the academic and former “rock-star” governor of India’s central bank, grew up admiring the “Little Master” and shows some of Gavaskar’s nimbleness at the crease handling the question the economics world really wants to know: is he in the running for the job of Bank of England Governor, which falls vacant when Mark Carney leaves next June? Rajan, now professor of finance at the University of Chicago Booth nearly two years after leaving the Reserve Bank of India, certainly has a good enough CV. He’s won a hatful of accolades over a 30-year career in which he was an ignored Cassandra of the financial crisis. And the tall 55-year-old is clearly box office, as the queue of largely Indian admirers waiting for selfies … [Read more...] about Business interview: Raghuram Rajan, the Cassandra of the crash
London: Dr Raghuram Rajan has been appointed as the Governor of Bank of England. He replaced Mark Carney. He has become the highest paid banker in the world with a salary of 874000 pounds a year. It is also to be noted that Raghuram Rajan was the first non-western and the youngest at 40 to become the chief economist at the International Monetary Fund. Raghuram is the former governor of the Reserve Bank of India. The Financial Times stated, “Attracting Raghuram Rajan, the highly-respected Chicago-based economist and former RBI governor, would be a coup”. Ironically Raghuram Rajan was not recognised in his own country. As RBI governor, Rajan’s policies and views drew ire from senior members of the ruling Bharatiya Janata Party (BJP). Since he’d held on to his US green card, he wasn’t deemed “mentally fully Indian”. TAGS: Dr Raghuram Rajan Governor of Bank of England … [Read more...] about Unrecognized by own country, Dr Raghuram Rajan appointed as Governor of Bank of England
Former governor of the Reserve Bank of India, Raghuram Rajan as been named as one of the contenders for the top job of the UK’s central bank. The leading Financial daily, Financial Times has named Raghuram Rajan as someone who might replace Mark Carney, he current governor of Bank of England. “Impeccable international economics and central banking experience. Significant achievements at the Reserve Bank of India,” Financial Times wrote. Howeber, the publication also stated that if given the job, the former RBI governor might not accept it. "The government, which selects the governor and deputy governors of the central bank, has not ruled out another non-British appointment and is seeking a figure who can make an impact on the global stage as the UK prepares for Brexit", the newspaper said. It is also to be noted that Raghuram Rajan was the first non-western and the youngest at 40 to become the chief economist at the International Monetary Fund. … [Read more...] about After RBI, Raghuram Rajan to work for Bank of England?