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Amaravathi_road Junior Artist Username: Amaravathi_road Post Number: 688 Registered: 09-2016 Posted From: 165.156.39.54 Rating: |
telugu tammullu veedini sack chesinappudu entha baadha padipoyaaro . modi kaaavaalane paga pattaadu ani. metta naaa matta gaallu  squinted eye is lot better than blind | ||
Brightlife34 Side Hero Username: Brightlife34 Post Number: 2249 Registered: 11-2017 Posted From: 73.104.144.185 Rating: N/A |
ee chamakku okkati saalu. anyway i agree some of his points that indian growth (in fact world over) between 2004-2010 was an artificially high growth. kaani do you even have an idea how interconnected global banking and monetary policy are these days. we need whether one agrees or not one who has global understanding, ee swadeshi/bharateeya politics ivanni nadavavu | ||
Teluguhero Side Hero Username: Teluguhero Post Number: 2866 Registered: 04-2008 Posted From: 76.106.197.158 Rating: |
http://www.rediff.com/business/special/how-gurumurthy-may-ch ange-the-rbi/20180818.htm How Gurumurthy may change the RBI August 18, 2018 10:29 IST With his strong views on Bharatiya economics, his appointment to the RBI board may well presage interesting times, says Archis Mohan. With the exception of the demonetisation decision of November 8, 2016, the influence that Swaminathan Gurumurthy exerts on Prime Minister Narendra Damodardas Modi, and the economic policies of the government that he leads, has apparently been unobtrusive. But to understand the compelling clout that the 69-year-old torchbearer of 'Bharatiya economics' wields on the Modi government, and the significance of his appointment as a part-time director on the Reserve Bank of India board, it is important to examine the successful policy interventions by the Swadeshi Jagran Manch, an economic think-tank affiliated to the Rashtriya Swayamsevak Sangh, in the past four years. Officially, Gurumurthy is the co-convenor of the SJM, but is the leading light of the outfit after the passing away of the outfit's founder Dattopant Thengdi. Within the Sangh Parivar, the SJM has led the fight against the Modi government's land acquisition Bill, forced the government to offer palliatives to the MSME sector after the implementation of the Goods and Services Tax and, most recently, has ensured that the government puts its MSME amendment Bill in the cold storage. It is also believed to have convinced Modi to replace the Planning Commission with the NITI Aayog. But the SJM turned a critic of the NITI Aayog when Arvind Panagariya helmed it. Those of a certain vintage would remember Gurumurthy as the crusader against the Dhirubhai Ambani-led Reliance Industries Limited in the late 1980s, when he penned a series of articles on the corporate group that he co-authored with the then editor of the Indian Express Arun Shourie in 1986. Gurumurthy is a chartered accountant by training, and an RSS activist in his commitment. He is currently the editor of Thuglak magazine, having succeeded the late Cho Ramaswamy, and known for his strong views on Hindutva, against the Nehru-Gandhi family and is a lifelong critic of Tamil Nadu's Dravidian parties. Gurumurthy is also much admired within the Sangh Parivar for his integrity, that he has stayed away from electoral politics despite his proximity to L K Advani, and more recently to Modi, as also to the lure of any public office. In his Twitter bio, Gurumurthy states: 'Mahaswami (his late guru, Chandrasekharendra Saraswati, the senior sankaracharya of Kanchi) in whom I saw God advised me out of electoral politics.' Gurumurthy is proud of his integrity, and was known to cycle to the local RSS shakha even after he had become a successful chartered accountant and could afford a car. After his appointment to the RBI board, he tweeted: 'Story of my appointment as director RBI. This is the first directorship ever. Never accepted any private or PSU directorship. Not even audit of public sector undertakings or private companies.' 'Wanted to be free to speak. But when pressure built up I am needed to do something in public interest I had to accept.' Few who have known him are willing to criticise Gurumurthy, with the exception of Mohan Guruswamy, who in the Atal Bihari Vajpayee government of 1998-1999 was the advisor to then finance minister Yashwant Sinha, but quit amid controversy. Both Gurumurthy and Guruswamy competed for proximity to Advani. 'RBI gets lobbyist and flaky RSS economics purveyor S Gurumurthy as director. Now we must expect the rupee to become $1=~40,' Guruswamy tweeted. Gurumurthy was born into a poor family in South Arcot district, Tamil Nadu, in 1949. According to a report in India Today from 1987, a scholarship helped him complete his BCom degree, after which he completed his chartered accountancy and in 1975 started his own accountancy practice. It was also around this time that he met Indian Express chairman Ram Nath Goenka. In 1976, Gurumurthy was appointed adviser to the Express, and became a confidant of Goenka. His chartered accountancy firm counted Vijay Mallya and the Chhabrias as its clients, and he is known to be a mediator in corporate battles. In February 2011, Gurumurthy was also a source of some embarrassment to Advani, forcing the Bharatiya Janata Party leader to send a letter of apology to Congress president Sonia Gandhi. Advani had released a report at a press conference then titled 'India's corruption and crime money parked in Swiss bank and other tax havens'. It was prepared by a four-member task force, which included Gurumurthy and current National Security Adviser Ajit Kumar Doval. Advani apologised after Sonia Gandhi had sent a protest letter to him stating she held no foreign bank accounts. Over the years, apart from his criticism of foreign-educated economists, including justifying the departure of Raghuram Rajan as RBI governor, Gurumurthy has also highlighted the problem of 'jobless growth'. In the run-up to the 2014 Lok Sabha elections, Modi relied on data collated by Gurumurthy that said the job growth in Manmohan Singh years has been a low 2.7 million between 2004 and 2010. The Modi government's MUDRA -- the Micro Units Development and Refinance Agency -- initiative is also believed to have come from Gurumurthy. When as the RBI governor, Rajan opposed relaxed norms for lending that Gurumurthy, and even Modi and BJP President Amit Anilchandra Shah, felt that the 'foreign educated' economist didn't understand Indian conditions and was proving to be a stumbling block to employment generation. However, Gurumurthy has revised his views on MUDRA in recent months, and has criticised the he Modi government to implement the scheme efficiently before bringing in demonetisation. He also said that the MUDRA initiative 'was stopped by the Reserve Bank, which did not want to give up monetary control' and 'control over financing smaller players'. His appointment to the RBI board may well presage interesting times. | ||
Brightlife34 Side Hero Username: Brightlife34 Post Number: 2248 Registered: 11-2017 Posted From: 73.104.144.185 Rating: |
how was he supposed to improve kuda chepthey baaguntundi. RBI only governs monetary policy, it can monitor bank management and their underwriting criteria. but ee loans anni 2009 mundu isthey rajan em chesthaadu. he did what he can which is calm markets in face of currency meltdown, improve NPA recognition rules. IBC rules anni govt purview lo untaayi kada. ppl may not like rajan kaani anosaramga aayannenuku target cheyyadam. ee BJP ollani nammithey gurumurthy ni chesthaaru next RBI governor, vaadi antha maa taatalu netulu taagaru maa moothul vaasan choodandi type | ||
Rajusk Legend Username: Rajusk Post Number: 65317 Registered: 02-2008 Posted From: 170.74.231.20 Rating: N/A |
adi ayana chepthe baaguntundi kada..evado okadu gilli ee quechen ki answer raabadthe ..nen happies aa reply Guri bro ki forward chestha  | ||
Ustad Megastar Username: Ustad Post Number: 26998 Registered: 07-2008 Posted From: 76.169.161.29 Rating: N/A |
What is BJP peeking ani adige mundu....IBC gurinchi telusukovali. Willful Defaulting lafoot promoters ki kaaripotundi. I learned long ago, never to wrestle with a pig. You get dirty and besides, the pig likes it - George Bernard Shaw | ||
Teluguhero Side Hero Username: Teluguhero Post Number: 2865 Registered: 04-2008 Posted From: 76.106.197.158 Rating: |
Situation improved after he left and UPA govt lost power.Both Rajan and UAP should take responsibility for this NPA mess. | ||
Rajusk Legend Username: Rajusk Post Number: 65315 Registered: 02-2008 Posted From: 170.74.231.20 Rating: N/A |
veedu unnappude ne..vellipoyina taruvatha..clarity missing | ||
Brightlife34 Side Hero Username: Brightlife34 Post Number: 2246 Registered: 11-2017 Posted From: 73.104.144.185 Rating: |
konni cases lo chidambaram meddling undindemokaani aa time lo infra boom and crazy bidding was the single most reason for debt crisis. ofcourse daani afte effects ni UP did not deal well, kaani UPA personally reason for this antey comedy. aa lekkana intha scrutiny unna west lo antha trillions of dollars of bail out enduku sestharu mari.. world was running on literally insane credit boom. | ||
Tombrady Legend Username: Tombrady Post Number: 60414 Registered: 05-2012 Posted From: 216.163.220.32 Rating: N/A |
abn, ndtv lo raledu so cheppam- itlu congress desam party | ||
True_indian Hero Username: True_indian Post Number: 15174 Registered: 01-2008 Posted From: 167.230.96.10 Rating: N/A |
vedini support chesina loafers ekkada .those who are serious about their watches display them prominently, those who are more concerned with style and branding present you with aircraft carriers and hide their watches. | ||
Andhrawala Legend Username: Andhrawala Post Number: 70928 Registered: 03-2008 Posted From: 152.51.56.1 Rating: N/A |
https://www.news18.com/news/business/submitted-high-profile- frauds-list-to-pms-office-not-aware-of-any-progress-raghuram -rajan-1874749.html?ref=hp_top_pos_2 New Delhi: A list of high profile cases related to banking frauds was sent to the Prime Minister's Office (PMO) for a coordinated action, said former RBI Governor Raghuram Rajan in a note to Parliamentary panel. In the note to Chairman of Estimates Committee Murli Manohar Joshi, Rajan said that the size of frauds in the public sector banking system has been increasing, though still small relative to the overall volume of NPAs. "The RBI set up a fraud monitoring cell when I was Governor to coordinate the early reporting of fraud cases to the investigative agencies. I also sent a list of high profile cases to the PMO urging that we coordinate action to bring at least one or two to book. I am not aware of progress on this front. This is a matter that should be addressed with urgency," he said. Rajan, who was RBI governor for three years till September 2016, is currently teaching at the Chicago Booth School of Business. Noting that system has been singularly ineffective in bringing even a single high profile fraudster to book, he said, frauds are different from normal non-performing assets (NPAs). "The investigative agencies blame the banks for labelling frauds much after the fraud has actually taken place, the bankers are slow because they know that once they call a transaction a fraud, they will be subject to harassment by the investigative agencies, without substantial progress in catching the crooks," he said. The statement assumes significance in the light of Nirav Modi and his uncle Mehul Choksi, in connivance with certain bank officials, allegedly cheated PNB of about Rs 14,000 crore through issuance of fraudulent Letters of Undertaking (LoUs). A Mumbai branch of PNB had fraudulently issued LoUs for the group of companies belonging to Nirav Modi since March 2011. The total number of LoUs issued to the companies of Nirav Modi, his relatives and the Nirav Modi Group are 1,213, and to Mehul Choksi, his relatives and the Gitanjali Group are 377. On whether the regulator could have done better, Rajan said it is hard to offer an objective self-assessment but the RBI should probably have raised more flags about the quality of lending in the early days of banking exuberance. "With the benefit of hindsight, we should probably not have agreed to forbearance, though without the tools to clean up, it is not clear what the banks would have done. Forbearance was a bet that growth would revive, and projects would come back on track. "That it did not work out does not mean that it was not the right decision at the time it was initiated. Also, we should have initiated the new tools earlier, and pushed for a more rapid enactment of the Bankruptcy Code. If so, we could have started the AQR (asset quality review) process earlier," he said. Finally, he said, the RBI could have been more decisive in enforcing penalties on non-compliant banks. "Fortunately, this culture of leniency has been changing in recent years. Hindsight, of course, is 20/20," he said. No Signature | ||
Rajusk Legend Username: Rajusk Post Number: 65311 Registered: 02-2008 Posted From: 170.74.231.20 Rating: |
veella perlu cheppaleda. MIT Rajan goru.. enduku ..sigga..bhayama | ||
Tombrady Legend Username: Tombrady Post Number: 60405 Registered: 05-2012 Posted From: 216.163.220.32 Rating: |
lol same rajan words use chesaru UPA and metta batch and now twist lol | ||
Teluguhero Side Hero Username: Teluguhero Post Number: 2864 Registered: 04-2008 Posted From: 76.106.197.158 Rating: N/A |
https://www.indiatoday.in/india/story/raghuram-rajan-bad-loa ns-npa-crisis-1337357-2018-09-11 Most bad loans from UPA era, banks to blame for NPA crisis: Raghuram Rajan aghuram Rajan says an executive once told him he was " pursued" by banks, who waved chequebooks and asked him to "name the amount" he wanted in loans. This revelation was part of the former Reserve Bank of India governor's written response to a parliamentary panel, one full of stark, biting comments on Indian banks' non-performing assets (NPAs). Rajan said "...a larger number of [the] bad loans originated in the period [of] 2006-2008." That will likely be used as ammunition by the ruling Bharatiya Janata Party to target the opposition Congress. The Narendra Modi-led BJP government has long claimed that its Manmohan Singh-led Congress predecessor was largely to blame for Indian banks' NPA crisis. The parliamentary panel Rajan wrote to had sought his advice and "expert view" on the NPA crisis. According to estimates, Indian banks are currently burdened with bad loans that amount to more than Rs 10 lakh crore. One promoter told me about how he was pursued then by banks waving chequebooks, asking him to name the amount he wanted - Raghuram Rajan Rajan, who completed his term as RBI governor in September 2016, laid the blame for this mega NPA crisis on banks, labelling the handing out of loans as a "historic phenomenon of irrational exuberance". Indian banks, however, weren't outliers when it came to this irrational exuberance, Rajan clarified. The phenomenon is "common across countries at such a phase in the cycle," Rajan said. 'BANKS FAILED IN MONITORING' Rajan said "...too many loans were made [given] to well-connected promoters who have a history of defaulting on their loans [sic]." Rajan particularly faulted public sector banks, saying, "Public sector bankers continued financing promoters even while private sector banks were getting out [of financing the said promoters]." Rajan also blamed public sector banks for inadequate due diligence before and after handing out loans. [Bad loans were part of the] historic phenomenon of irrational exuberance, common across countries at such a phase in the cycle - Raghuram Rajan "Public sector bank monitoring of promoter and project health [for which loans were sought] was inadequate...Banker performance after the initial loans were made [was] also not up to the mark [sic]," Rajan said. "Unscrupulous promoters who inflated the cost of capital equipment through over-invoicing were rarely checked," Rajan also said. Another reason behind the Indian banks' bad loans problem, Rajan said, is that bankers fear they will be "subject to harassment by the investigative agencies" if they label a transaction as fraud. ON RBI ROLE In his reply on the NPA crisis, Rajan also spoke about the Reserve Bank of India's role, admitting that the central bank could have done more and that a "culture of leniency" present at the bank has started changing. Rajan admitted that the RBI could "probably have raised more flags about the quality of lending in the early days of banking exuberance". Rajan said that the RBI could have started the asset quality review (AQR) process earlier than it did and that it could have been "more decisive in enforcing penalties on non-compliant banks". This, however, is changing, Rajan said. "This culture of leniency [at the RBI] has been changing in recent years." |
