D Subbarao
Former RBI Guv suggests 10-year road map for privatisation of all PSBs
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. Subbarao further said that the big bang approach to privatisation of state-owned banks is not desirable but at the same time the issue should not be put on the back burner. "Ideally, we should have a road map, maybe over a 10 year timeframe, to privatise all PSBs. "That will give much needed predictability to all stakeholders," he told PTI. Meanwhile, Subbarao said the government should also be thinking about corporatisation of public sector banks so that they come within the umbrella of uniform RBI regulation. In the Union Budget for 2021-22, the government announced its intent to take up the privatisation of two PSBs in the year and approved a policy of strategic disinvestment of public sector enterprises. The government think-tank NITI Aayog has already suggest
 "Former RBI Guv suggests 10-year road map for privatisation of all PSBs")
Q1 GDP growth below expectation, cause for concern: Ex-RBI guv Subbarao
India's GDP growth of 13.5 per cent in the April-June quarter of 2022-23 has turned out be a cause for 'disappointment and concern', as there was expectation of a bigger bounce back from the first quarter of last year when economic activity was crippled by the Delta wave of COVID-19, former RBI governor D Subbarao said on Sunday. Subbarao added that risk factors for the country's growth outlook in the short term include high commodity prices, possibility of a global recession, monetary tightening by the RBI and an uneven monsoon that could threaten crop output, especially of rice. "The economy clocked growth of 13.5 per cent in the first quarter (April-June) of this fiscal year which would have been cause for celebration in any other circumstance. "In the event, it's turned out be a cause for disappointment and even concern," he told PTI in an interview. India's economy expanded 13.5 per cent in the April-June quarter, the quickest pace in a year. As per the RBI's estimates, the ..
 "Q1 GDP growth below expectation, cause for concern: Ex-RBI guv Subbarao")
Top Headlines: GST compensation to states; battle for 5G networks, and more
The Centre may release about Rs 35,000 crore to states as GST arrears by September-end, Business Standard has learnt
 "Top Headlines: GST compensation to states; battle for 5G networks, and more")
India $5-trn economy by FY29 only if it grows at 9% for 5 yrs: Ex-RBI Guv
I see eight key challenges for India to overcome to achieve the dream of USD five trillion economy," a press release from FTCCI quoted Subbarao as saying.
 "India $5-trn economy by FY29 only if it grows at 9% for 5 yrs: Ex-RBI Guv")
RBI should intervene less, let rupee depreciate gradually: D Subbarao
In a Q&A, the former RBI Governor says the situation is very different from the Taper Tantrum and that the rupee has actually risen against some other hard currencies
 "RBI should intervene less, let rupee depreciate gradually: D Subbarao")
RBI's criticism for 'delayed' rate hike unfair, says ex-Guv 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
Budget should focus on bridging widened inequality in economy: Ex-RBI Guv
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
Shaktikanta Das 2.0: Lifting the skills of RBI staff to be the real legacy
Making RBI's professional skills comparable to the best in the world will not be easy because those who have to be supervised the most - the PSBs - are owned by the govt, which also owns the RBI
Cash going to co-exist with central bank digital currency: Subbarao
Former RBI governor D Subbarao on Monday said there is a strong motivation for the central bank to launch a digital currency and cash is going to coexist with the new-age currency
 "Cash going to co-exist with central bank digital currency: Subbarao")
Strong forex reserves to help India manage global shocks: D Subbarao
Strong foreign exchange reserves in India will not insulate it from any global shocks but will help manage them, former Reserve Bank of India Governor D Subbarao said on Wednesday
What does RBI ex-Guv Subbarao think of India's $5-trn economy goal?
In an exclusive interview with Business Standard, former Reserve Bank Governor D Subbarao explained why doubling the economy in 4 years might be too ambitious. Listen in here
Need to make sure benefit of economic growth is evenly shared: D Subbarao
Former RBI Governor D Subbarao stressed the need to accelerate economic growth rate and make sure this benefit of growth is shared, even as he said unemployment has taken a form of crisis
Sharpening income inequalities telling story of 'uneven' recovery: Subbarao
The ex-central bank governor said that earlier expectations of a sharp economic recovery this year have been dashed by the new pandemic wave
RBI money printing must be last option, can consider Covid bonds: Subbarao
The central bank can directly print money and finance the government, but it should avoid doing so unless there is absolutely no alternative: former RBI governor D Subbarao
 "RBI money printing must be last option, can consider Covid bonds: Subbarao")
Winding down liquidity to be challenge for RBI going forward: Subbarao
Ex-RBI governor says road map for fiscal consolidation starting 2022 would be prudent. Though expansionary fiscal policy is a pressing need, govt spend on health and education would benefit economy
RBI has preserved financial stability of economy during Covid: Subbarao
Former RBI Governor D Subbarao said that managing a crisis of this scale is extremely difficult
Competition laws, IPR encourage innovation, aid human progress: D Subbarao
Competition laws and Intellectual Property Rights (IPR) both encourage innovation and contribute to human progress, former RBI Governor D Subbarao said on Saturday
Top headlines: HDFC Q2 profit tanks 28%, factory output hits decade high
From NIIF foraying into road and highway sector to HDFC Q2 profit declining, Business Standard brings you top news of the evening
 "Top headlines: HDFC Q2 profit tanks 28%, factory output hits decade high")
Bad debt will hinder India's economic recovery: Ex-RBI Guv Subbarao
Even before the pandemic struck, India's financial sector was going through tough times
Bad bank not only necessary but unavoidable in present situation: Subbarao
D Subbarao made a strong case for setting up a bad bank saying it is not just necessary but unavoidable in the present circumstances when NPAs are likely to balloon
