WebNov 8, 2024 · December 14, 2016: Bimal Jalan, RBI governor during the first NDA governor from 1997-2003 questioned the timing of demonetisation and the secrecy surrounding the decisions. Jalan questioned the explanation of the government that the secrecy helped the country and said that there ought to be a very strong reason, war or a threat to national … WebSep 6, 2024 · New Delhi, Sep 6 The demonetisation tool used by the Indian government to drive out black money could have long-term benefits but its short-term economic costs… New Delhi, Sep 6 The demonetisation tool used by the Indian government to drive out black money could have long-term benefits but its short-term economic costs would outweigh …
Warned government about cost of demonetisation, former RBI …
WebAug 30, 2024 · The RBI paid Rs 50,000 crore as dividend to the government earlier this month. Demonetisation appears to be the spoiler-in-chief for the RBIs profit. Money In … Web22 hours ago · Reserve Bank of India (RBI) Governor Shaktikanta Das said that the Indian financial system remains “completely” insulated from developments in the US and Switzerland. The banking system is resilient, stable and healthy, he said at a press conference during the International Monetary Fund and World Bank annual spring meeting … norship 2021
Indian banking financial systems remain insulated from …
WebDec 19, 2024 · The issue of parting with a portion of RBI reserves, which as of June stood at Rs 9.43 trillion, to the government has been a contentious issue between the government and the central bank for a ... WebThis is the first time the former RBI governor has spoken on demonetisation since demitting office on September 3 last year. Rajan, who now teaches economics at University of … Webopposed by the RBI governor at the time, Dr. I.G. Patel. Amongst other reservations, in Patel [2002] he held that \such an exercise seldom produces striking results" and \the idea that black money or wealth is held in the form of notes tucked away in suit cases or pillow cases is na ve." The move was marginally more successfully than the how to renew an expired ram