Q&A with Bimal Jalan, former governor of the RBI
6 years, 1 month ago

Q&A with Bimal Jalan, former governor of the RBI

Deccan Chronicle  

Bimal Jalan is a former governor of the RBI and was a nominated member of the Rajya Sabha during 2003-09. You were RBI governor during Asian crisis in late 1990s and today we are facing somewhat similar situation where a strong American growth and prospects of further hike in interest rates in the United States is resulting in Indian currency falling to a record low and markets are reacting negatively to it. Many economists were expecting that the RBI will hike interest rates in the last monetary policy review to defend rupee? India Ahead: 2025 and Beyond by Bimal Jalan; Rupa, pp 161, Rs 495 Last time when we had faced pressure on rupee in 2013, then RBI governor Raghuram Rajan had launched a deposit scheme for NRIs.

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History of this topic

Slowdown cyclical, growth will pick up in 1-2 years: Former RBI governor Bimal Jalan
5 years, 5 months ago

Slowdown cyclical, growth will pick up in 1-2 years: Former RBI governor Bimal Jalan

Firstpost  

New Delhi: The current slowdown in the Indian economy is cyclical and growth will pick up in one or two years, former RBI Governor Bimal Jalan said on Sunday. The Asian Development Bank had also lowered India’s GDP growth forecast to 7 percent for the current year on the back of fiscal shortfall concerns. “The government has already announced that …

Former governor Bimal Jalan panel on RBI's Economic Capital Framework to submit report next month
5 years, 8 months ago

Former governor Bimal Jalan panel on RBI's Economic Capital Framework to submit report next month

Firstpost  

The six-member Jalan panel was appointed on December 26, 2018 to review the Economic Capital Framework for the RBI New Delhi: A high-level panel led by former RBI governor Bimal Jalan, set up to decide the appropriate capital reserves that the central bank should maintain, is likely to submit its report next month. The six-member Jalan panel was appointed on …

Bimal Jalan panel to hold at least 2 more meets before final report on RBI capital reserves size
5 years, 8 months ago

Bimal Jalan panel to hold at least 2 more meets before final report on RBI capital reserves size

Firstpost  

A high-level panel looking into appropriate capital reserves the RBI should maintain will hold at least two more meetings before finalising the report, former Reserve Bank governor Bimal Jalan, who is heading the committee, said New Delhi: A high-level panel looking into appropriate capital reserves the RBI should maintain will hold at least two more meetings before finalising the report, …

RBI governor Shaktikanta Das meets finance minister Arun Jaitley ahead of monetary policy meeting
5 years, 9 months ago

RBI governor Shaktikanta Das meets finance minister Arun Jaitley ahead of monetary policy meeting

Firstpost  

New Delhi: Reserve Bank of India Governor Shaktikanta Das Monday met Finance Minister Arun Jaitely, and is believed to have discussed the current economic situation, ahead of the first bi-monthly monetary policy for 2019-20. The meeting of the six-member Monetary Policy Committee to decide on the first bi-monthly policy statement for 2019-20 will be held from 2 to 4 April. …

RBI is accountable to the government, says Bimal Jalan
6 years ago

RBI is accountable to the government, says Bimal Jalan

Live Mint  

New Delhi: The Reserve Bank of India is accountable to the government and should make policies within the framework set by the government, according to a former central bank chief now heading a panel tasked with framing guidelines for the transfer of the RBI’s surplus funds to the government. Bimal Jalan, the 77-year-old ex-bureaucrat, was appointed to chair the panel …

Bimal Jalan to head panel to decide on RBI cash reserves: Former central bank governor enjoys govt support, but committee to have final say
6 years ago

Bimal Jalan to head panel to decide on RBI cash reserves: Former central bank governor enjoys govt support, but committee to have final say

Firstpost  

Jalan will lead a six-member committee which will review the status, need and justification of various provisions, reserves and buffers presently provided for by the RBI The Reserve Bank of India on Wednesday formed an expert committee on economic capital framework led by former RBI governor Bimal Jalan to determine the amount of reserves it needs to keep and the …

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