Viral Acharya

Acharya further said that India's consumption and GDP growth have struggled to recover to pre-COVID levels, with rural areas particularly lagging behind urban centres

The target was achieved in the first two and a half years of implementing inflation targeting in Oct 2016, but the inflation rate remained above the goal

"It is hard therefore to find many products outside India that are manufactured by Indian firms," he said

Part of his reasoning was that consumers could not fully benefit from input price declines as Big 5 companies control manufacturing of all major sectors as well as retail trade and telecommunications

Viral Acharya says the Big5--Reliance, Tata, Aditya Birla, Adani and Bharti--are growing less at the expense of the small fries than at that of the next five big firms

Financial market dominance over central banks is a huge problem and challenge, former RBI deputy governor says

Former RBI Deputy Governor Viral Acharya on Wednesday said he is worried about US tapering coinciding with RBI's rate tightening, and warned that barring high forex reserves

Without beefing up the regulatory framework, moral hazard may outweigh advantages, say experts

Higher inflation tolerance will increase risks

Acharya warned that both conditions are prevalent in India. Given India's macro constraints, where the government is spending more relative to the Indian households' savings

The duo said banks in India are rarely allowed to fail, which helps them garner huge deposits. If banks are owned by industrial houses, it can lead to bad lending

A vaccine developed by AstraZeneca and the University of Oxford prevented 70% of people from developing the coronavirus in late-stage trials, and more top headlines of the day

Acharya said there are analysts who blame the efforts undertaken by RBI under Rajan and Patel for the current slowdown

Funds to provide for the losses that would be incurred through restructuring should be set aside so that banks do not strangle growth

Restoring banks' capital is critical for aiding a meaningful recovery, but there has been little focus on the matter, former RBI Deputy Governor Viral Acharya said

From SC ordering full refund of air tickets booked amid lockdown to Maruti Suzuki reporting 31% sales growth in Sept, Business Standard brings ypu top news of the evening

A new paper shows the need for urgency of PSB reforms

Govt must be open to economists' advice and correct course

Prof Sriram rightly raises the issue of why I put my MPC minutes in the book

This book hit the markets on the same day as the one by Urjit Patel, who was RBI governor at that time