Raghuram Rajan Reveals It All | Exclusive Interview | NPAs, EMs, CAD & Currency Crisis | CNBCTV18
82.5 هزار بار بازدید -
6 سال پیش
-
"Former Reserve Bank of India
"Former Reserve Bank of India (RBI) governor Raghuram Rajan on Monday said that monetary policy cannot be the answer to all the problems, adding that developed markets will crack if emerging markets slowdown.
According to Rajan, government must take necessary action to keep bankruptcy courts unclogged with small cases and debt resolutions have to take place out of court, with the shadow of bankruptcy essentially acting as an ultimate threat for promoters and bankers.
I think those are always weapons you have in the armoury, but it is important, and this is one place where we have made a very important move since the last crisis. It's very important that the RBI continue to signal as it has done so far; its concerns about keeping inflation on track, about raising interest rates, whenever appropriate to fulfil its inflation objective and that gives investor confidence that the rupee is not going to go into free fall. As ultimately, inflation will be under control and the rupee can get significantly undervalued, if it continues falling at these rates."
CNBC-TV18 is India's No.1 Business medium and the undisputed leader in business news. The channel's benchmark coverage extends from corporate news, financial markets coverage, expert perspective on investing and management to industry verticals and beyond. CNBC-TV18 has been constantly innovating with new genres of programming that helps make business more relevant to different constituencies across India. India's most able business audience consumes CNBC-TV18 for their information & investing needs. This audience is highly diversified at one level comprising of key groups such as business leaders, professionals, retail investors, brokers and traders, intermediaries, self-employed professionals, High Net Worth individuals, students and even homemakers but shares a distinct commonality in terms of their spirit of enterprise.
Subscribe to our Channel: https://goo.gl/hKwgtm
Like us on Facebook: Facebook: cnbctv18india
Follow us on Twitter: Twitter: CNBCTV18News
Website: http://www.moneycontrol.com/cnbctv18/
According to Rajan, government must take necessary action to keep bankruptcy courts unclogged with small cases and debt resolutions have to take place out of court, with the shadow of bankruptcy essentially acting as an ultimate threat for promoters and bankers.
I think those are always weapons you have in the armoury, but it is important, and this is one place where we have made a very important move since the last crisis. It's very important that the RBI continue to signal as it has done so far; its concerns about keeping inflation on track, about raising interest rates, whenever appropriate to fulfil its inflation objective and that gives investor confidence that the rupee is not going to go into free fall. As ultimately, inflation will be under control and the rupee can get significantly undervalued, if it continues falling at these rates."
CNBC-TV18 is India's No.1 Business medium and the undisputed leader in business news. The channel's benchmark coverage extends from corporate news, financial markets coverage, expert perspective on investing and management to industry verticals and beyond. CNBC-TV18 has been constantly innovating with new genres of programming that helps make business more relevant to different constituencies across India. India's most able business audience consumes CNBC-TV18 for their information & investing needs. This audience is highly diversified at one level comprising of key groups such as business leaders, professionals, retail investors, brokers and traders, intermediaries, self-employed professionals, High Net Worth individuals, students and even homemakers but shares a distinct commonality in terms of their spirit of enterprise.
Subscribe to our Channel: https://goo.gl/hKwgtm
Like us on Facebook: Facebook: cnbctv18india
Follow us on Twitter: Twitter: CNBCTV18News
Website: http://www.moneycontrol.com/cnbctv18/
6 سال پیش
در تاریخ 1397/06/22 منتشر شده
است.
82,553
بـار بازدید شده