Topyaps Logo

Topyaps Logo Topyaps Logo Topyaps Logo Topyaps Logo

Topyaps menu

Responsive image

All Is Well Between RBI and Finance Ministry, Says Raghuram Rajan

Updated on 3 October, 2015 at 11:36 am By

Reserve Bank Governor Raghuram Rajan praised Prime Minister Narendra Modi for being an articulate spokesman for India. He also said that government was doing well in managing the economy.


Advertisement

“What we need to do is to back up his visits with action on the ground which reinforces the good impression that he has created.”

Dr. Rajan acknowledged the efforts of PM Modi to make India an investment destination for the investors.

Denying rumours of any confrontation between the Finance Ministry and Reserve Bank of India, Rajan said that the relationship between the two has been strong though he did not agree with the finance minister’s point of view on certain issues.

“Otherwise, the public should start getting worried that the central bank is becoming too acquiescent. In a sense we have to be a gatekeeper and sometimes say no!” the Governor said.

 



Rajan

 


Advertisement

He also praised the government for effective food management which according to him helped in keeping the food inflation in check despite two continuous years of drought.

Advising India Inc, Dr Rajan said investors must take a plunge “with a hope and a prayer” and not wait for government actions.

The RBI governor hinted that his work will involve sustained interaction with the political class but he seemed not interested in taking up politics as full time career.


Advertisement

His three-year term will come to an end next year.

Advertisement

Latest Stories

Superstar Rajinikath’s Super Cop Movie Darbar Leaked Online by Tamirockers

Superstar Rajinikath’s Super Cop Movie Darbar Leaked Online by Tamirockers


Akshay Kumar’s Latest Movie Good Newwz Leaked By Tamilrockers After Its Release

Akshay Kumar’s Latest Movie Good Newwz Leaked By Tamilrockers After Its Release


Salman Khan Starrer ‘Dabangg 3’ Leaked Online By Tamilrockers

Salman Khan Starrer ‘Dabangg 3’ Leaked Online By Tamilrockers


Bollywood Reacts on Twitter on Anti CAA Protests Across Nation

Bollywood Reacts on Twitter on Anti CAA Protests Across Nation


Jumanji: The Next Level Movie Leaked Online By Tamilrockers

Jumanji: The Next Level Movie Leaked Online By Tamilrockers


Advertisement

Most Searched

More From Business

Popular on The Web