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2016-04-22 ArtNo.45715
◆Will watch monsoon before cut: Rajan
 【Washington】Reserve Bank of India Governor Raghuram Rajan said more rate cut decisions by the apex bank will depend on the inflation and monsoon rains in the country. RBI may have room to further cut policy rates if inflation continues to ease and monsoon rainfall is in line with the forecast, Rajan told The Wall Street Journal (WSJ) in an interview in Washington. With India being often described as 'the bright spot in the global economy', Rajan sees this as a case of "the one-eyed man" being king in the land of the blind. "I think we have still to get to a place where we feel satisfied. We have this saying -- 'In the land of the blind, the one-eyed man is king'. We are a little bit that way," Rajan said ○Indian economy growing fastest: Jaitley on Rajan's remarks  【New York】Finance Minister Arun Jaitley has virtually rebutted RBI Governor Raghuram Rajan’s remarks that India is ‘one-eyed king in the land of blind’ saying compared to the rest of the world, the Indian economy was growing much faster and, in fact, the fastest. At 7.5 per cent growth rate any other country in the world would be celebrating but it is a tribute to India’s growth story that at this rate “we are still impatient because we know that our potential is to do distinctively better”, he said. Jaitley was reacting to a question by CNBC TV18 on Rajan’s remarks last week that at 7.5 per cent growth rate India seemed to be ‘one eyed king in the land of blind’. ○Raghuram Rajan warns against ‘euphoria’ over fastest-growing tag  【PUNE】Unfazed by the government’s knee-jerk reaction to his likening the Indian economy to a one-eyed king in a land of blind, RBI governor Raghuran Rajan has sent out a reminder that the current performance on growth would have to be repeated for the next 20 years before every Indian can get a decent livelihood. Speaking at the convocation of National Institute of Bank Management, Rajan said “We cannot get carried away by our current superiority in growth, for as soon as we believe in our own superiority and start distributing future wealth as if we already have it, we stop doing all that is required to continue growing. This movie has played too many times in India’s past.” . 【News source】 Will watch monsoon before cut: Rajan Room to cut rates on lower inflation, good monsoon: Rajan More rate cuts likely on lower inflation, good monsoon: Rajan More rate cuts on lower inflation, good monsoon: Raghuram Rajan More rate cuts if monsoon is good, says RBI Governor Raghuram Rajan Indian economy like 'one-eyed' king in land of blind: Rajan Indian economy growing fastest: Jaitley on Rajan's remarks Raghuram Rajan warns against ‘euphoria’ over fastest-growing tag Raghuram Rajan speech: From ‘I won’t get euphoric’, to ‘this movie has played out too many times in India’ Rajan warns against 'euphoria' over fastest-growing tag ○One world： The aim of SEAnews ◆Recruitment of Ad-SEAnews CanvassersYour Comments / UnsubscribeSEAnews MessengerSEAnewsFacebookSEAnewsGoogleSEAnews eBookstoreSEAnews eBookstore(GoogleJ)SEAnews world circulation |
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