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In the News

Best Form Of Education Is To Open Minds: Raghuram Rajan

quoting Raghuram Rajanvia The Hindu Business Line
Tuesday, August 13, 2019

The best form of education will help students open their minds and think in a rigorous way, said Raghuram Rajan, Advisor, Krea University, in a televised message from the US to the inaugural batch. “It will give you a sense of how you will embark on the process of thinking. That is the only way we can prepare you for a world that is dynamic,  where the old truths are forever questioned,” he said.


How Indians Cleaned Up One Of Their Dirtiest Cities—And Have Kept It That Way

by Raghuram Rajanvia Quartz India
Monday, August 12, 2019

We do know that enhanced trade and technological change transmitted through markets have led to the loss of middle-income jobs and weakened the economic basis for the community in many parts of the developed world. It may be this, coupled with the flight of those who can leave, that is more responsible for the social disintegration of the community.

In the News

Put Own House In Order

with Raghuram Rajanvia Business Today
Friday, August 9, 2019
RBI Governor Shaktikanta Das recently came down heavily on advanced economies for unilateral policies and the risk it poses for the world. Das advised emerging market economies to follow policies that promote macroeconomic and financial stability, while focusing on growth.
In the News

India’s Central Bank Is Set To Review Foreign Bond Sale Plan

quoting Raghuram Rajanvia Bloomberg
Monday, July 29, 2019

India’s central bank plans to discuss next month the government’s proposal to raise foreign currency debt, people familiar with the matter said, amid risks flagged by economists about the plan.

In the News

All You Want To Know About Sovereign Bonds

quoting Raghuram Rajanvia Money Control
Friday, July 26, 2019

After Finance Minister Nirmala Sitharaman proposed that the Indian government would borrow some of its funds in overseas markets in foreign currencies, there is a lot of buzz on sovereign bonds. It has been a fiercely-debated issue with a lot of highly economists. Even former Reserve Bank of India governors and deputy governors, mostly arguing against such an issuance. To top it all, now, there are news reports suggesting that Finance Secretary Subhash Chandra Garg was transferred to the power ministry because the government was unhappy with his handling of the sovereign bond issue. Here’s a FAQ on sovereign bonds.


Markos Kounalakis: 'What Comes Next? How The World's Most Violent Places Recover'

interview with Markos Kounalakisvia World Affairs
Tuesday, July 23, 2019

Hoover Institution fellow Markos Kounalakis talks about how violent and weak states transform into stable ones.

In the News

India Needs To Tap Into Foreign Capital To Trigger Investment And Growth: CEA Subramanian

quoting Raghuram Rajanvia Money Control
Tuesday, July 16, 2019

He also said that although the goal is a bit of a stretch, achieving $5 trillion economy by 2024-25 is possible. There is a need to consider tapping into foreign capital to trigger a cycle of investment and growth, Chief Economic Adviser (CEA) Krishnamurthy Subramanian said on July 16.

In the News

Opinion | We Should Not Be Crying Wolf Over Dollar Sovereign Bonds

quoting Raghuram Rajanvia Live Mint
Tuesday, July 16, 2019

Even if we assume a falling rupee, there is no reason why some risk cannot be taken on such bonds. It is interesting how committed globalizers suddenly turn near-nationalist when it comes to sovereign borrowings in non-rupee debt.

In the News

Raghuram Rajan Joins Chorus Of Opposition Against Government's Overseas Debt Plan

quoting Raghuram Rajanvia Money Control
Tuesday, July 16, 2019

The ex-RBI chair questioned the government’s argument that raising part of its gross borrowing from overseas markets would ensure enough domestic credit for the private sector.

In the News

Modi Govt’s Plan To Sell Foreign Bonds Has No Real Benefit, Says Raghuram Rajan

quoting Raghuram Rajanvia The Print
Saturday, July 13, 2019

Raghuram Rajan said that global bond sale won’t reduce the amount of domestic government bonds the local market has to absorb.