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মে 12, 2010
Volatility in Capital Flows: Some Perspectives
As the crisis is ebbing, capital inflows into emerging market economies (EMEs) have resumed - a consequence of a global system awash with liquidity, the assurance of low interest rates ruling in advanced economies over ‘an extended period’ and the prospects of robust growth in EMEs. According to the IMF, net private financial flows to emerging and developing economies increased from US$ 254 billion in 2006 to US$ 689 billion in 2007 and then declined, at the height of
Dr. D. Subbarao, Governor, Reserve Bank of India
As the crisis is ebbing, capital inflows into emerging market economies (EMEs) have resumed - a consequence of a global system awash with liquidity, the assurance of low interest rates ruling in advanced economies over ‘an extended period’ and the prospects of robust growth in EMEs. According to the IMF, net private financial flows to emerging and developing economies increased from US$ 254 billion in 2006 to US$ 689 billion in 2007 and then declined, at the height of
এপ্রিল 27, 2010
India and the Global Financial Crisis Transcending from Recovery to Growth
India clocked average growth of 9 per cent per annum in the five years to 2007/08. That growth momentum was interrupted by the financial crisis which impacted India too, more than we had originally thought but less than it did most other countries. Despite falling below 6 per cent for one quarter, the growth for the full year 2008/09 was a resilient 6.7 per cent. Current estimates are that the economy had grown between 7.2 and 7.5 per cent for the just ended fiscal ye
Dr. D. Subbarao, Governor, Reserve Bank of India
India clocked average growth of 9 per cent per annum in the five years to 2007/08. That growth momentum was interrupted by the financial crisis which impacted India too, more than we had originally thought but less than it did most other countries. Despite falling below 6 per cent for one quarter, the growth for the full year 2008/09 was a resilient 6.7 per cent. Current estimates are that the economy had grown between 7.2 and 7.5 per cent for the just ended fiscal ye
এপ্রিল 25, 2010
Statement by Mr. Duvvuri Subbarao, Governor, Reserve Bank of India at IMFC
Statement by Mr. Duvvuri Subbarao, Governor, Reserve Bank of India at IMFC Leader of the Indian Delegation to the International Monetary and Financial Committee Washington D.C, April 24, 2010 Mr. Chairman: Confounding our worst fears, the turn around in the global economy has been much faster than we had anticipated as recently as only a few months ago when we met in Istanbul. The global economy has experienced three quarters of positive growth following the sharp dec
Dr. D. Subbarao, Governor, Reserve Bank of India
Statement by Mr. Duvvuri Subbarao, Governor, Reserve Bank of India at IMFC Leader of the Indian Delegation to the International Monetary and Financial Committee Washington D.C, April 24, 2010 Mr. Chairman: Confounding our worst fears, the turn around in the global economy has been much faster than we had anticipated as recently as only a few months ago when we met in Istanbul. The global economy has experienced three quarters of positive growth following the sharp dec
এপ্রিল 15, 2010
The Economics of Ecosystems and Biodiversity (TEEB) Workshop
Ladies and Gentleman, Herman Daly, a leading ecological economist, who received the 1996 Right Livelihood Award for ‘defining a path of ecological economics that integrates the key elements of ethics, quality of life, environment and community’, said: “There is something fundamentally wrong with treating the earth as if it were a business in liquidation." 2. I am extremely happy to inaugurate this workshop on The Economics of Ecosystems and Biodiversity (TEEB) organis
Smt. Usha Thorat, Deputy Governor, Reserve Bank of India
Ladies and Gentleman, Herman Daly, a leading ecological economist, who received the 1996 Right Livelihood Award for ‘defining a path of ecological economics that integrates the key elements of ethics, quality of life, environment and community’, said: “There is something fundamentally wrong with treating the earth as if it were a business in liquidation." 2. I am extremely happy to inaugurate this workshop on The Economics of Ecosystems and Biodiversity (TEEB) organis
এপ্রিল 02, 2010
Silver Jubilee function of Institute of Banking Personnel Selection (IBPS)
Shri M. Balachandran, Director, IBPS, Shri Alok K. Mishra, CMD, Bank of India, Shri D. P. Sharda and Shri R. K. Chaudhury, ex-Directors , IBPS, Executive Directors of banks, distinguished guests, ladies and gentlemen; I am indeed very happy to be in your midst today for the Silver Jubilee function of IBPS. April 1 has special significance for both RBI and IBPS. It is the day RBI was established 75 years ago and it is also the foundation day for IBPS. Yesterday, we cel
Dr. K.C. Chakrabarty, Deputy Governor, Reserve Bank of India
Shri M. Balachandran, Director, IBPS, Shri Alok K. Mishra, CMD, Bank of India, Shri D. P. Sharda and Shri R. K. Chaudhury, ex-Directors , IBPS, Executive Directors of banks, distinguished guests, ladies and gentlemen; I am indeed very happy to be in your midst today for the Silver Jubilee function of IBPS. April 1 has special significance for both RBI and IBPS. It is the day RBI was established 75 years ago and it is also the foundation day for IBPS. Yesterday, we cel
এপ্রিল 01, 2010
Platinum Jubilee Celebrations of the Reserve Bank of India
Hon’ble Prime Minister Governor, Maharashtra Chief Minister, Maharashtra Governor, Reserve Bank of India Officials of Reserve Bank of India Distinguished guests Ladies and Gentlemen I am happy to be present here today and join in celebrating the 75th anniversary of one of India’s most renowned and respectable institutions. The Reserve Bank of India today enjoys an enviable position and is well respected in the comity of Central Banks across the globe. The credit for t
Shri Pranab Mukherjee, Hon’ble Finance Minister
Hon’ble Prime Minister Governor, Maharashtra Chief Minister, Maharashtra Governor, Reserve Bank of India Officials of Reserve Bank of India Distinguished guests Ladies and Gentlemen I am happy to be present here today and join in celebrating the 75th anniversary of one of India’s most renowned and respectable institutions. The Reserve Bank of India today enjoys an enviable position and is well respected in the comity of Central Banks across the globe. The credit for t
এপ্রিল 01, 2010
People, Jobs and Productivity: The 'Simple' Dynamics of Inclusive Growth
Introduction Let me begin by thanking the Confederation of Indian Industry (CII) for inviting me to speak at its Annual Regional Meeting and National Conference on “Achieving Double-digit Growth”. The theme of the conference is, unquestionably, an issue of the utmost urgency for Indian policymakers. Although, in my current role, I am more focused on issues of macroeconomic stability and short-term growth and inflation prospects, today's theme is one on which I wrote a
Dr. Subir Gokarn, Deputy Governor, Reserve Bank of India
Introduction Let me begin by thanking the Confederation of Indian Industry (CII) for inviting me to speak at its Annual Regional Meeting and National Conference on “Achieving Double-digit Growth”. The theme of the conference is, unquestionably, an issue of the utmost urgency for Indian policymakers. Although, in my current role, I am more focused on issues of macroeconomic stability and short-term growth and inflation prospects, today's theme is one on which I wrote a
এপ্রিল 01, 2010
Looking Back and Looking Ahead Reserve Bank of India’s Platinum Jubilee Celebrations
We are gathered here to mark the Grand Finale of the Platinum Jubilee celebrations of the Reserve Bank of India. It is my pleasure and privilege to welcome: Hon’ble Prime Minister Dr. Manmohan Singh Hon’ble Finance Minister Shri Pranab Mukherjee His Excellency, Governor of Maharashtra, Shri K. Sankaranarayanan; and Hon’ble Chief Minister of Maharashtra, Shri Ashok Chavan 2. I also want to acknowledge the presence here on this happy occasion of Smt. Gursharan Kaur, who
Dr. D. Subbarao, Governor, Reserve Bank of India
We are gathered here to mark the Grand Finale of the Platinum Jubilee celebrations of the Reserve Bank of India. It is my pleasure and privilege to welcome: Hon’ble Prime Minister Dr. Manmohan Singh Hon’ble Finance Minister Shri Pranab Mukherjee His Excellency, Governor of Maharashtra, Shri K. Sankaranarayanan; and Hon’ble Chief Minister of Maharashtra, Shri Ashok Chavan 2. I also want to acknowledge the presence here on this happy occasion of Smt. Gursharan Kaur, who
এপ্রিল 01, 2010
Hon’ble Prime Minister, Dr. Manmohan Singh’s Address at the Platinum Jubilee Celebrations of RBI held at National Centre for Performing Arts, Mumbai
“It is indeed a great pleasure to be here in Mumbai for the Platinum Jubilee celebrations of the Reserve Bank of India. For me, this is also a very special moment of nostalgia. I spent some very memorable years in this institution as its Governor. My wife and I cherish the memories of many new enduring friendships that we made during those memorable days. I also recall with deep appreciation the role played by the Reserve Bank in helping the Government of India in the
Dr. Manmohan Singh, Hon’ble Prime Minister
“It is indeed a great pleasure to be here in Mumbai for the Platinum Jubilee celebrations of the Reserve Bank of India. For me, this is also a very special moment of nostalgia. I spent some very memorable years in this institution as its Governor. My wife and I cherish the memories of many new enduring friendships that we made during those memorable days. I also recall with deep appreciation the role played by the Reserve Bank in helping the Government of India in the
মার্চ 02, 2010
Pursuit of Complete Markets – The Missing Perspectives
It is my pleasure to be delivering the keynote address at the FEDAI conference being hosted in this beautiful country. India and Kenya share a historical relationship and I am delighted to have got an opportunity to visit this country. I have been following some of the recent interesting initiatives by the Central Bank of Kenya and was really impressed by the developments in the areas such as payment systems, credit information sharing, currency management, financial
Smt. Shyamala Gopinath, Deputy Governor, Reserve Bank of India
It is my pleasure to be delivering the keynote address at the FEDAI conference being hosted in this beautiful country. India and Kenya share a historical relationship and I am delighted to have got an opportunity to visit this country. I have been following some of the recent interesting initiatives by the Central Bank of Kenya and was really impressed by the developments in the areas such as payment systems, credit information sharing, currency management, financial

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