Page 15 - Raghuram Rajan

Letters: An alternative to Rajan

With reference to Mihir S Sharma's column, "Why Raghuram Rajan matters" (June 15), it is not so much a question of renewing Rajan's term as the Reserve Bank of India governor as it is of considering whether another competent person with a different vision of the country's central bank and its main tasks could be tried.Four to five years is not a small time in which to prove one's mettle as the head of the RBI. The country has not seen anything big happen to its finances or economy during Rajan's tenure, except for the tightened inflation, for which factors such as a decisive government at the Centre and more clarity and thrust on reforms are responsible.Compare Rajan's tenure with Y V Reddy's. The latter brought the country out of global tumults and insulated it from their fallouts. More than good lectures and high visibility, we require someone who can deliver results. The RBI should bear a major part of the brunt for the state of the banking system today, which is saddled with non-pe

Letters: Course correction

Apropos Mihir S Sharma's column, "Why Raghuram Rajan matters" let it be reasserted that the outrage was not against well-informed, balanced media discussions on public issues; it was specifically against personal attacks on Reserve Bank of India Governor Raghuram Rajan. Rajan has responded gracefully, ignoring the bids to tarnish his image.Unless exceptional situations materialise, positions such as the one held by Rajan should have a longer tenure of five to 10 years. Rajan should have been appointed for a full five-year term in 2013. But this is what happens when governments take short-term views on crucial issues.Although past decisions can't be rewound to correct them, if Rajan had been groomed for a year starting September 2013, D Subbarao's term had been extended by another year and Rajan had then been given a five-year term beginning September 2014, financial sector reforms would have been implemented faster during Rajan's era.Hopefully, there will now be a rectification by reap

Mihir S Sharma: Why Raghuram Rajan matters

Transition in RBI's top job should be openly discussed, and the pros and cons of possible candidates weighed by the public

Rajan being attacked for fighting crony capitalism: Economist

Author Luigi Zingales says the RBI governor is being attacked for fighting the inefficiency of the banking system

No clarity yet on selection panel's role in RBI chief appointment

Opinion in the government is clearly divided on FSRASC's role in the appointment of RBI governor

RBI Governor doing a good job: Rajyavardhan Singh Rathore

Rathore hailed Raghuram Rajan's decision not to cut repo rate, saying 'it's a good decision'

Are fears of Raghuram Rajan's exit overdone?

Rajan's exit will be a temporary blow, not a permanent one

Long-term plan is to go back to academia, says Rajan

Rajan, who has been outspoken on various issues, also praised Prime Minister Narendra Modi for ending government's interferences in public sector banks

Modi, Jaitley to take call on Rajan term

Rajan's current term is set to end in September and there has been intense speculation about whether he would be given another term

Economy needs more animal spirits: Raghuram Rajan

Rajan also said India is capable of much stronger growth and the country can celebrate when it sees strong private investment

Scope to cut rates if inflation heads to 5%: Raghuram Rajan

In an interview with a news channel, the RBI Governor called the current repo rate of 6.5% 'appropriate'

On our ability to act, there should be no question: Raghuram Rajan

Interview with RBI Governor

Banks' balance sheet cleaning among central bank's priorities

The issue is part of an unfinished agenda, beside moving inflation to a comforting level

Not perturbed over withdrawal of Payments Bank licences: Rajan

He cautioned that people should not go in for licences just because it is a valuable property but must have intention of doing the business

Raghuram Rajan keeps suspense on extension of tenure

RBI Governor Rajan also said that he was 'personally intrigued by all the letters I am supposed to have written' on the issue

60,000 signatures, five online petitions bat for RBI Governor Raghuram Rajan's second tenure

Two petitions voting against RBI Governor's second term exist, but they have garnered very less support

Raghuram Rajan deserves second term at RBI: Princeton economist

Says Governor must get full operational independence when it comes to pursuing targets on employment, growth and inflation

Curb 'unnecessary' speculation over my future, Raghuram Rajan writes to a select few

Rajan concerned that the media reports and the rumours give the impression of it being a personality-driven contest, untrue and unfair on all concerned

No decision on Rajan yet: Jayant Sinha

Minister of State for Finance Jayant Sinha has quashed rumours of any decision made by the government on the continuation or otherwise of Reserve Bank of India (RBI) Governor Raghuram Rajan. Speaking at an event in New Delhi on Thursday, Sinha said, "The current round of discussions are a creation of the media. The government will take a decision at the right time and I have nothing further to say." The three- year term of the RBI governor comes to end in September this year and there have been several reports on whether he will get a second and final term of another two years. The minister was responding to a question on whether Finance Minister Arun Jaitley and Prime Minister Narendra Modi had taken any position on the same. Adverse reports on Rajan have had a negative impact on the bond and currency markets even as positive reports have buoyed them up. In the past couple of days, the exchange value of the rupee had moved adversely against the dollar and bonds have declined on report

Raghuram Rajan not seeking second term as RBI governor: report

The RBI chief is said to have written to PM Modi to relieve him of his duties after his term ends in September, Ananda Bazar Patrika reported