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India’s high priority for now should be to grow at 7-8 pc: Former RBI guv Jalan

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India’s high priority for now should be to grow at 7-8 pc: Former RBI guv Jalan

New Delhi: Describing the Budget 2021-22 as “extremely good”, former RBI governor Bimal Jalan on Tuesday said that India’s high priority for now should be to grow at 7-8 per cent, and then give a “great preference” for employment rather than only investment. In an interview, Jalan further said it does not seem that India … Read more

RBI’s forex, liquidity management may dent government revenue

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RBI’s forex, liquidity management may dent government revenue

A stable rupee also squeezed the chances of accretion in the currency and gold revaluation account (CGRA), even as there is debate on whether RBI should dig into this account to pay the government. Synopsis The returns for the Reserve Bank of India (RBI) are likely to be squeezed with investments in low yielding US … Read more