C Rangarajan

The rate of poverty decline in percentage points was higher in urban areas in the Rangarajan-Dev estimates over this period than in SBI research

Private investment needs to pick up if India's economic growth has to be sustained at 6-7%, says former RBI governor

Former RBI Governor C Rangarajan advocated maintaining the ongoing hawkish stance by the Reserve Bank of India to tame inflation and expected that the rupee will strengthen with resumption of capital inflow. He also said the country has to clock an 8-9 per cent year-on-year growth for the next five years to achieve the target of a USD 5-trillion economy. Speaking at the Samar Kanti Paul Memorial Lecture at the Ramkrishna Mission Institute of Culture on Saturday evening, the former RBI governor said he would be happy if the country's economic growth reaches seven per cent in the current fiscal. "The current policy stance should continue. Developed countries are also taking steep rate hikes. I expect more rate hikes," Rangarajan said without elaborating on the quantum. RBI has been maintaining a hawkish stance with rate hikes to tame inflation. Speaking on the rupee trend, the 90-year-old economist said, there was a sharp fall in rupee value against the US Dollar to Rs 79-80 with th

India will miss its fiscal deficit target of 6.8% of GDP by at least 1 percentage point, he said

The three governments of that decade - the Congress, the United Front, and the National Democratic Alliance - went along because whatever the RBI did had no impact on votes

From 1991 onwards, the RBI became a full, if slightly junior, partner of the finance ministry, instead of being a 'mere subordinate department of the financial ministry'

The government has ruled out tweaking the inflation target under the monetary agreement framework between it and the RBI

If there is no second wave of COVID-19, 2021-22 can see a pick-up and by the end of FY 2021-22, there will be further picking up (of the economy), he said

The combined fiscal deficit of states and centre during the current year may go up to 14 per cent against the mandated level of six per cent, former Reserve Bank Governor C Rangarajan said

Wants state to increase capex by Rs 10,000 cr, set up fund to support construction labour

Noting that the lockdown has put a brake on the economy, the paper suggested that the need to kick start the economy and move it forward has become urgent

Gets lifetime achievement award on National Statistics Day

Protecting the vulnerable, troubles of the economy going ahead, and three stages of brain damage due to Covid-19-a roundup of articles in Indian publications on how India is dealing with the pandemic

C Rangarajan, Montek Singh Ahluwalia, and Pronab Sen say the present crisis is different from the one then and requires a different prescription

C Rangarajan requests CEA to bring in clarity on GDP growth numbers

Rangarajan said the adoption of inflation targeting by India has given rise to many doubts and concerns

According to him, the mode of recapitalisation that is being done now is through the issue of bond

He regretted that financial losses due to corruption has touched Rs.70 trillion which was due to tax evasion by corporates and corruption at various levels

RBI's action in banning of Letters of Undertaking (LoUs) could be reviewed later, says former RBI head C Rangarajan

He calls for making goods which are not only meant for India but also for the rest of the world