Raghuram lauds Govt on infra creation
The Dollar Business Bureau The Governor of Reserve Bank of India (RBI), Raghuram Rajan said the country is poised for a ‘leap in production’ and the emphasis of Indian government on creation of infrastructure is bearing outcome. He said, "We are right for the change. With the focus of the government on creation of infrastructure and enhancing logistics network, several companies of private sector such as Snapdeal and Flipkart are bringing out a big change in warehousing and logistics.” The Governor made these remarks while speaking with Tharman Shanmugaratnam, Deputy Prime Minister of Singapore and TN Ninan, Chairman of Business Standard, at the Singapore Symposium 2016, organised by the CII. The Governor pointed out, “For first time in the history of India, the country ...
Economy can withstand China ripple effects, says RBI official
Source: PTI A day after the biggest-ever plunge in markets, RBI Deputy Governor S S Mundra sought to allay fears saying the problems are transient, driven by interconnectedness of the world economies and that India is capable of dealing with any kind of external shocks. “From the view point of where we were two years ago and where we are today, whether it is the level of our foreign exchange reserves or the current account deficit position, and going forward how commodities pricing situation is looking at, I would believe that in medium to long-term, we are on the right path," Mundra told reporters on the sidelines of the national bankers meet FIBAC in Mumbai. The reform agenda taken by the government ...
