ET NOW Exclusive | Rajan Is Back
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- เผยแพร่เมื่อ 6 ก.ย. 2017
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Watch Raghuram Rajan's most candid interview ever. ET NOW's Executive Editor-News Supriya Shrinate makes him spill the beans on demonetisation, GST, his tenure, relationship with the Govt and much more. Tune in.
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I am proud for u sir.. Best wishes for ur future endeavour
Happy to hear your voice again..
Rajan Bhai...We need u in such crucial time fr India...!!l
MADDY R P he was their and the growth of the country was 4%.
You were the james bond in RBI. Miss u Sir. We are fools who is not having such an excellent man
Mradul Bajpai y cuz he speaks english, wears nice cloths and looks good. Is that the reason why you want him back?
masaallah rajan sir we miss u Sir
What a kind of person, you are sir!!
You really are a smart person who understand and deliver whole issue explicitly rather that creating a political drama for the crowd...
My gratitude to you for your kind service!!!!
Vikash Kr what service are you talking about?
Agreed 💯
Excellent analysis of demonetization n its stupendous failures. Wish d govt had listened to Dr Rajan. Hubris is a characteristic of this govt.
Not just Mr Rajan, our Nobel Laureate Mr Amartya Sen said the same thing, even calling the demonetization move despotic. And so did all learned economists of the country. BJP has fooled the country.
The worse thing is that nobody is even talking about it, because the new issue now is murder of Ms. Gauri Lankesh. So much is going wrong in the country simultaneously! Modi is in China.
+imthebadass bro - The problem is with him running away from the issues of his own country. And if he wants to 'increase' foreign relationships so desperately, perhaps he should immediately start focusing on the Rohingya crisis instead. Ohhh, but they are 'muslims' !! Big problem for BJP and RSS, no?!
Demonetisation is a fiasco which all the eminent Economists of India, including RBI's Raghuram Rajan and our Nobel Laureate Amartya Sen categorically warned against, and yet Modi went on with this stupid move, even loud-mouthing big promises like Price Reduction, Education, Employment, Anti-Terror, Anti-Corruption, Clean India, Black Money and what not. None of those things happened. Instead 150+ of our own Country people are dead because of the tyrannical move. GST is another idiotic policy.
Obviously Modi is to be blamed for all these failures. Wake up.
+imthebadass bro - No, it is so much blind-bhakti on your part, that you don't even know that Mr. Raghuram Rajan has also criticised GST, putting it in the same category of unplanned moves, like Demonetisation. That is why there is so much unrest among business-people on this.
Truthfulness should be the quality of a good leader. Loud-mouthing is not the same as truthfulness. Modi is a liar, a "jumle-baaj". Whole country is realizing this, increasingly. So should you.
Demonetisation is a failure, so whoever was supporting it is obviously a fool now, I mean, one should at least have heeded to the Oxford, Cambridge alumnis and a Nobel Laureate, right?
Cartman san Great points!
You'll have your chance to spray the country with your leftist piss in another 2 years. Do your stuff, then talk. Otherwise, get lost and learn what DEMOCRACY means. (Hint: it means not pissing and moaning if your man didn't win. That's for 5 yr olds.).
"Whether Cat is black or white, no matter as long as it catches mice "- 😁😊👍
😄
Rajan as finance minister.
Shashi that or as PM.
= 10% growth
usazar how is that possible?, People were saying same thing for MMS and you know what happened.
I think RBI has lost its way by not appointing RAJAN for another tenure...
Govt should engage with Mr Rajan in some form or other.....
Brilliant & correct explanation of why RBI's dividend low this year -from 19:20. as RBI &commercial banks' liability side has increased due to more money come into banks
Why is this man always so good?? He is a superstar, a real showstopper, the man to do the job. Always pin-pointedly accurate with his points and more importantly, everyone seems to get what he is saying. If education needs to change someone, it needs to do so like it did for Raghuram Rajan..
well said mate...how can someone be so idealistic knwing the contours of realism...he might( i mean his ouster) be one of the biggest reasons that will lead to questioning the image of BJP as democratic party and their high handedness everywhere..(in near future..).. to be honest on a personal it has changed my stance ..its just sad that we dnt have an alternative........
Wrik Sen I couldn't agree more :)
Well said! All the answers he gave were reasonable and well thought. We can clearly interpret that he wanted to stay, even though the govt denied.
Here comes a libtard bengalis.
I sincerely wished you had stayed as RBI governor. I can understand when you can not speak your heart because anything you say can have adverse affect in the market and economy. India needs an economic leader like you in a top post. Please take the chair once again.
I like his honest comment, he is appreciating few good decision made by the government and how could have done better.... I think current government and Raghu recommendation would have been helped India to reduce corruption and avoided GDP going down.
Even as a supporter of Modi Ji....I REALLY think that this man was NEEDED for India. People like him are exceptional in their field. He was a phenomenal Governor & steadied India's ship when international economic standing of India was not where it is now.
i think it was all because of the egos of the fin. minister and subramanyam swamy that led to his ouster rather than any political motive behind a man as neutral as Mr. rajan...that he is needed cannot be truer...
Sameer Rathore wtf r you saying? During his term indias growth was 4% annually, unemployment was higher than it is right now, domestic consumption was low, fiscal deficit and currency outflow was all time high, only thing he managed to do was keeping inflation low, which was done at the cost of low gdp growth for 5 years.
the best interview I had ever seen. I can hear him all daty .. RESPECT _/\_
"Are we a less tolerant nation today ?"
"I don't know how to measure that."
Exactly. How can you say that a few instances of vigilantism and deplorable instances of political antipathy makes our diverse nation intolerant.
Word FAMOUS Raghuram Rajan ji in india bigg Qulified and great Econmist and honest next P.M OFF INDIA 🇮🇳
Why he went to US why he did not remain here and teach Indian students? These people can run away any time when India is in problem. Anyway his tenure was over and he was respectfully relieved.
he is 10 years before time , he could be the PM of India if he was a governor in 2025
The day when India will grow at 10-14%
The Ghost Investor during his tenure, india grew at 4-5%.
dude for me title is misleading.. what i thought he is going to be reappointed for RBI
❤️
Please come back.... Anna
Kahan ho bhakt log?kis bill mein jaakar chup gaye?
Bhakt jan aaj kal ek dead woman ko gaali dene mein lage hain.
Ye aajkal inka naya hindu rashtra-vaad hai.
Aditya Jain brother bhakts don't understand English they are waiting for someone to dubbed this video in hindi and then they'll come to abuse Rajan
+Gabbar Singh - Ha, exactly, abuses are all they have
bhatk logo ki english kharab hai.
When you say bhakt, you are addressing more than 30% of indias population, you dont have to find them , they are everywhere.
Mr Rajan history will have it;you will be icon after Kangana Ranauth! See you around!
I hope you come back if UPA government comes back.
dreamer
Sri Lanka got Independence, united -WITHOUT ANY PARTITION, in 1948 and no one in India knows. Even RR would not be knowing. It was not taught in Indian schools. We know about all other freedom struggles, especially europeans once, but not Srilankan. Reason? It would reveal the Empire's helplessness and would explain the subsequent support to the group of the power hungry bunch. As the gore were keen to get a safe passage to their motherland and wanted these C/ML agents to distract the angry Indians and uniting N A V Y by means of a smoke screen called partition.These SECriminals obliged. And as reward ruled India for 55 years,
Over the years, the rulers of this country have only produced thieves. Even in 2016-17, mere 63K people declared income above 25L and most of them are likely to be the agents, of the past politicians/bureaucrats , laundering the crime money. That clearly indicates the character deterioration that took place during the rule of these SECriminals.
So why only demonetisation? I suggest using a "random table" to select a percentage of retired bureaucrats, politicians,etc without a bias .That should be investigated under live cameras for any higher than expected assets. If found innocent, should be compensated and rewarded.
GST: It's the best thing to have happened to the Indian economy in long long time provided no inspector raj ensues. Why worry about the non tax paying community?
I just found 10K old notes from a cupboard which I had forgotten to check. What do I do now ? Can i still exchange my old notes ?
Winter is coming :) burn them.
How much do they weigh? That is their total value
😊
Just abolish Income Tax to that of only one TurnOverTax with compulsary TDS, then we have over come the black money circulation over night
If rahul gandhi becomes PM he would surely come back!!
Anna.. they are gonna rip rbi for more funds...
You went away, taken away the economic trust on the government to. Be back soon. 😔❣
Pet of chidambarm, being USA citizen enjoyed as boss of RBI, fir loiting India? ;
The immediate tangible benefits of demonetization are :
(i) Public sector banks liquid funds in savings bank account swelled to extra 2.5lakh crores to start the credit cycle for home loans
(ii)3.5 lakh crores less cash in the system. Informal economy contracted by 1% and hence GDP growth now likely to be around 6.5% which was expected.
(iii) Govt subisidy 4%-2% for home loans for people who are in income range of 5 -12 lakhs for homes with 1000sqft and less with RERA compliance. Real estate shifts from High end luxury apartments to affordable homes with RERA compliance.populist scheme
(iv) Inflation is at historic low 1.5%.More scope for RBI to cut rates in future ,to boost the credit cycle
(v) 20% increase in the income tax payers. The corresponding increase in Tax collection will be known by Dec-17
(vi)VBJY scheme of providing 8% FD interest for senior citizens for investment upto 7.5 lakhs for a period of 10 years.Populist scheme.
(vii) Modi 's tough talk to all CA's not to give advise to Tax evaders ,shell companies made ICAI regulator to charge sheet more than 4500 CA's in a span for four months
(viii) Around 2 .5lakh shell companies and , 12 lakh duplicate PANs are identified and the drive is continuous,
(ix) More than 80% to 90% of the medical seats in pvt medical colleges are vacant ,money laundering in medical colleges had come to an end.
By targeting less than 1.0% of the creamy layer of the society Modi govt had earned enormous good will from the bottom 70% to 80% of the population. By hindsight one can say that the Chicago professor RR would not have undergone the hot grind ,as gracefully as underwent by the present Governor Urigid Patel.One needs decades of training in Indian ecosystem to accept that condition which Urigid patel underwent.
RR was risk averse , very articulate and sophisticated but tactically avoided the bootstrap situation enforced by the govt in Nov-16 and opted for his comfort zone "academics".Modi's demon drive with bio metrics can be a case study for business schools in future. RR is the correct person to carryout such studies but it was wrong call in Feb-16 and he missed a life time opportunity
mahendran tiruvarul
I will add three more benefits to your list.
1.Black money cleared to white.
2.counterfeit notes were also cleared.
3.Terrorists and hawala mafia grew stronger by the introduction of 2000 Rs notes.
And GDP you check the official statistics. It went down by 2%
mahendran tiruvarul you said the benefits please think about the cost 2% of GDP is 300000 lakh crores and the complete absence of ethical dimension..
SIMPLE SA JAWAB bjp sarkar se...... BAHAR KI HAWABAZI TO THIK HAI PAR JAB PETROL KE DAAM PICHLE KUCH SAAL KE SABSE NICHLE STAR PAR HAI TO FIR-
1. GDP DAR LATEST TIMAHI KI 6 SE NEECHE KYON
2.BHARAT MEIN PETROL KE DAAM SOUTH ASIA MEIN SABSE JYADA KYON.
AB KYONKI YAHAN PAR JYADA TAR BHAKT LOG COMMENT KARENGE TO UNKE LIYE PEHLE HI PEHLE HI APNE SOURCES KA LINK DE DETA HUN...BAAKI UMEED TO MUHJE GALIYON KI HAI KYONKI BHAKT LOG SUNA HAI "PAID TROLLS HO GAYE HAIN. DONO LINK KHOL KE PADHIYEGA JARUR.
www.business-standard.com/article/economy-policy/data-comparison-india-s-petrol-and-diesel-prices-among-southeast-asia-s-costliest-117090400195_1.html
en.wikipedia.org/wiki/World_oil_market_chronology_from_2003
SHIVANSH SATHE gdp growth of 5.7% is only of the quarter, annual gdp growth rate is actually 7%.
I know oil prices are high, and according to the article that you indicated, it doesnt give any clear reason, it says that the prices are high cuz of taxes on oil and it also says that govt. Hedging is increasing the prices.
I do agree that crude oil should be part of GST and govt. is working on it but hedging of oil is also necessary as we can not depend on oil prices set by the opec. After adequate hedging we can participate in opec and oil price regulation.
I think criticism towards oil storage is not done to reduce fiscal deficit as portrayed by the article. However i do question why govt. could not regulate taxes on oil under GST.
Moreover, the article is published in collaboration with The Wire which is a staunch communist paper. Hence, this article reeks of ideological biases.
sir ji wo bhi pehle itni neeche nahin thi yahi to question poocha hai neeche kyon?
sir ji ab zee news ke sath collaborate kar lijie fir agar bharat ka har rational aadmi aapko communist lagta hai
i really like this person so much, India and modi govt. in particular will pay a hefty price for Rajan not in board, Ideally he should be India's Finance Minister
Great sir
Please do not misuse Dr Y V Reddy's name as RBI governor, Prof Joseph Stiglitz Noble Prize Winner of economics observed Dr Y V Reddy was the best central banker in the world after 2008 financial crisis. Man this man is such a fraud
Why do you guys use a potato to film and upload stuff on TH-cam?
IS BARR NAHI CHAHIYE MODI SARKAR................. DO VOTE HIM IN 2019
Koi achaa dhang ka khara kiyu nahi hota hai? Hame kejri aur Rahul ko to nahi la sakte hai na? Priyanka should become the president and prime ministerial candidate next election.
The Ghost Investor why?? What is priyanka's experience? Whats her eligibility?
SHAHSI THAROOR, JAIRAM RAMESH, EVEN ANNA HAZARE or KIRAN BEDI or ARVIND KEJRIWAL THERE ARE SEVERAL OPTIONS with experience BUT NOT THEY ILLITERATE MORONS "BJP"
Eligibility? If a tea seller can become the PM, why can't Priyanka? In the Indian general election, 2004, she was her mother's campaign manager and helped supervise her brother Rahul Gandhi's campaign. In the Uttar Pradesh assembly elections, 2007, while Rahul Gandhi managed the statewide campaign, she focused on the ten seats in the Amethi Rae Bareilly region, spending two weeks there trying to quell considerable infighting within the party workers over seat allocations
The Ghost Investor modi served as cm of gujarat fo 12 years, priyanka served as wife of Vadra nothing else. Why dont you congi stop sucking up to gandhis?
Please sir
don't highlight and disgrace him.
Great economist could not make himself aware that Demonitesation process and preparation took place under his nose, demonitesation took place 2 months after he left.
What a great Economist
His views are one sided. Listen to Rajiv Kumar interview
Rajiv Kumar is a govt employee....you might as well listen to ZEE or Republic TV.......
Rally Heart :i believe in taking all prrspectives. I can always say rajans views are that of an employee who has been sacvked. Listen to bhsgawati. He gives an alternative perspective
Ritvik Dhupkar, If you want my opinion then at this point I don't think I need to listen to any expert opinions any more....We already have all the facts in front of us. All the initially stated points about demonetization have not come true. Even when the goalpost was shifted to digital economy, it proved wrong. The present goalpost of wider tax base is also proved wrong. Economy has suffered irreversible loses.....I am in business and my every day experience is that people have completely moved back to dealing in cash......Do we really need any more expert opinions?????
Looks like govt did the right thing by chucking out this over rated prima donna. He's drawn conclusions in one year about something that should take a decade to fructify? He should go back to academia where his efforts will be more acceptable. In the real world, he's making a fool of himself like many of the "top" economists already have done.
This guy is biggest cheater..!
He is not for poor..!
"I am back" what a joke? for a joker from the Booth (Devil) School of business- Raghuram Rajan- woh? How tall are you- he looks so short now- he hides in a small picture- can you listen to this joker "enormous burden" Did you hide- now he says is back- man "he makes my day" copied from Clint Eastwood- He plaragarieged from Arnold Swazzenger of Terminator movies- who is going to terminate this
Murali
Rajan is back with dirty venom!!!! He is not God . It's only his view. Don't force your views to others.
Sathish Khandige
No one said he is a god
Its u who is using the word god and underming his credentials
And taking about forcing his views on others no one is doing that also.
He said what he thought and it came true...
i am really sorry to say but people like dnt deserve to live up to such a ripe old age as u are right now.and you dnt have any credentials to even point fingers to him.... have an open mind. not a narrow and shallow one.no one is imposing but dnt act like naive.cant be more harsh.. just i hope u dnt live to see him back again at the helm of RBI.
only to sell book....
*R Rajan must join the Congress-e-Taiba/the Congress Party*
Chup rahein chutiyae
Prakash Chandra maannaa padega tum bhakto ko,itna hone ke baad bhi yaha aakar chaati thok raha hai!bas kar bhai,u cannot go on fooling the public anymore!
chu spotted !
Bahenchod in bhakton ka ek hi randi-rona hai, wo hai Congress.
Ye nahin chala to bolenge Marxism, Leftism, jaise ye sale PhD kare baithe hain Political Science mein!
Chutiye, Prakash Chandra, congress gyi, ab sarkaar bjp ki hai. Ye kyun apni chudwa rahi hai?
Isko bhi 70 saal chahiye kya chutiyape ke liye? Black money kitna aaya, ye bata!
Then accept that you are against to democracy and freedom of speech.