Rajan, meanwhile, said that the central and state governments will have to maintain increased spending, whatever the deficit figures may be
Speaking at NCAER's India Policy Forum 2020, Rajan said in the pandemic, unlike normal recession, there is enormous amount of destruction
Rajan cautioned that one should not mistake pent up consumption for normal consumption.
One argument that is cited against UBI is that it may generate laziness. The experiment is Kenya, quoted by Abhijit Banerjee and Bardhan, shows that it does not
By the time the debris of this economic earthquake settles, it may have buried the progress India has made since 1991
From the challenge of economic recovery, to structural constraints faced by farmers, and whether dogs can be trained to sniff out Covid-19 - read these and more in today's India dispatch
Says PMO can't tackle crisis on its own, must consult opposition talent; questions the way some states propose to suspend labour laws and Centre's micro-management of states to undertake reforms
Most of the non-fiction I read over the past month had one thing in common, though they were otherwise very different
A bad bank will do nothing to solve the problems
Experts say that the curve is not yet flattening and the peak may occur as late as mid-August
Both have practical understanding of the Indian economy
Rajan said,the elements of creating capabilities is better education, better health care, better infrastructure
Rahul Gandhi's two recent video performances offer little hope - the first fell flat in attacking govt 'strategy'; and the second showed him in a position unbecoming of a leader - writes T N Ninan
Former RBI Governor responds to Rahul Gandhi's question, says GDP is Rs 200 trillion, and out of that 65,000 crore is not a huge amount
From the US coordinating with India on restoring supply chains to death of veteran actor Rishi Kapoor, here are top headlines of the day
Repayment moratorium should be extended to NBFCs
To serve our membership well in this context, we need top-notch input and expertise from the widest range of sources, inside and outside the Fund, IMF MD said
Business Standard brings you top headlines of the day
Raghuram Rajan also cautioned that driving everything from the Prime Minister's Office, with the same overworked people, may not be a suitable idea