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ডিসেম্বর 16, 1998
The Changing Dimensions of Supervision and Regulation
Bank Economists' Conference – 1998 (Presentation by S.P.Talwar, Deputy Governor, Reserve Bank of India) It is indeed a great pleasure and honour for me, as a Central banker, to be in the midst of practising bankers and economists today. 2. Traditionally, the underlying theme of discussions of any meetings of economists used to centre around core economic or monetary policy issues. However, in the context of the South East Asian financial crisis, the importance of an e
Shri S. P. Talwar, Deputy Governor, Reserve Bank of India
Bank Economists' Conference – 1998 (Presentation by S.P.Talwar, Deputy Governor, Reserve Bank of India) It is indeed a great pleasure and honour for me, as a Central banker, to be in the midst of practising bankers and economists today. 2. Traditionally, the underlying theme of discussions of any meetings of economists used to centre around core economic or monetary policy issues. However, in the context of the South East Asian financial crisis, the importance of an e
ডিসেম্বর 04, 1998
Restructuring of the Public Finances and Macro-economic Stability
Mr. Chairman and friends,This meeting has been convened to solicit views on one of the specific references to the Eleventh Finance Commission, viz., means by which the Union (or Centre) and the States may bring about restructuring of the public finances so as to restore the budgetary balance and maintain macro-economic stability. I will, therefore, confine myself to this theme, in the context of reform process under way. I will, first, describe what may be called the
Dr. Y. V. Reddy, Deputy Governor, Reserve Bank of India
Mr. Chairman and friends,This meeting has been convened to solicit views on one of the specific references to the Eleventh Finance Commission, viz., means by which the Union (or Centre) and the States may bring about restructuring of the public finances so as to restore the budgetary balance and maintain macro-economic stability. I will, therefore, confine myself to this theme, in the context of reform process under way. I will, first, describe what may be called the
নভেম্বর 23, 1998
Managing Capital Flows
Capital inflows to developing countries have many beneficial effects, especially in financing investment and economic growth; but they are also sometimes problematic for policy makers in developing countries. Large capital flows could push up monetary aggregates, create inflationary pressures, destabilise exchange rate, affect domestic financial sector, and finally disrupt the economy if and when such flows get reversed or drastically reduced. The experience so far ha
Dr. Y. V. Reddy, Deputy Governor, Reserve Bank of India
Capital inflows to developing countries have many beneficial effects, especially in financing investment and economic growth; but they are also sometimes problematic for policy makers in developing countries. Large capital flows could push up monetary aggregates, create inflationary pressures, destabilise exchange rate, affect domestic financial sector, and finally disrupt the economy if and when such flows get reversed or drastically reduced. The experience so far ha
নভেম্বর 20, 1998
Financial Sector Reform: Review and Prospects
Financial Sector Reform: Review and ProspectsI am thankful to Professor Nirvikar Singh for giving me this opportunity to be with a group of very eminent economists, with deep understanding of various aspects of India’s economy. I have set, for myself, a humble task of presenting before you, a consolidated account of financial reform measures undertaken so far, and indicate where we were before reform and where we are now. Comments and outlook in regard to some of the
Dr. Y. V. Reddy, Deputy Governor, Reserve Bank of India
Financial Sector Reform: Review and ProspectsI am thankful to Professor Nirvikar Singh for giving me this opportunity to be with a group of very eminent economists, with deep understanding of various aspects of India’s economy. I have set, for myself, a humble task of presenting before you, a consolidated account of financial reform measures undertaken so far, and indicate where we were before reform and where we are now. Comments and outlook in regard to some of the
নভেম্বর 14, 1998
RBI and Banking Sector Reform
Chairman and Friends, It is a great honour and privilege to be here in IIM - Ahmedabad to interact with distinguished scholars and brilliant students of management. You represent the cream of Indian intellect, and Indian intellect is recognised as perhaps the cream of world intellect. I am looking forward to a lively and fruitful discussion today. In consultation with the organisers, I selected the topic for today’s talk, viz., "RBI and Banking Sector Reform". Financi
Dr. Y. V. Reddy, Deputy Governor, Reserve Bank of India
Chairman and Friends, It is a great honour and privilege to be here in IIM - Ahmedabad to interact with distinguished scholars and brilliant students of management. You represent the cream of Indian intellect, and Indian intellect is recognised as perhaps the cream of world intellect. I am looking forward to a lively and fruitful discussion today. In consultation with the organisers, I selected the topic for today’s talk, viz., "RBI and Banking Sector Reform". Financi
নভেম্বর 11, 1998
Infrastructure Financing : Status and Issues
The process of economic reforms initiated in India in early nineties has focused, inter alia, on the infrastructure sector especially on attracting private investment. A number of policy initiatives have been taken by the Government of India and Reserve Bank of India (RBI) to attract such private investment. The present paper while listing the important developments also makes an attempt to focus on some of the important issues critical to infrastructure financing. Th
Dr. Y. V. Reddy, Deputy Governor, Reserve Bank of India
The process of economic reforms initiated in India in early nineties has focused, inter alia, on the infrastructure sector especially on attracting private investment. A number of policy initiatives have been taken by the Government of India and Reserve Bank of India (RBI) to attract such private investment. The present paper while listing the important developments also makes an attempt to focus on some of the important issues critical to infrastructure financing. Th
নভেম্বর 02, 1998
Development of Debt Markets in India·
Mr. Chairman, Honourable Finance Minister Yashwant Sinhaji, Mr.Lim and friends, At the outset, I would like to thank The World Bank for organising this high-level well attended, interactive, business-like seminar on a subject of high priority for India. My presentation would start with features and magnitudes of debt market in India and briefly touch on policy developments since 1991-92. Significant reforms in debt markets undertaken since last year will then be recal
Dr. Y. V. Reddy, Deputy Governor, Reserve Bank of India
Mr. Chairman, Honourable Finance Minister Yashwant Sinhaji, Mr.Lim and friends, At the outset, I would like to thank The World Bank for organising this high-level well attended, interactive, business-like seminar on a subject of high priority for India. My presentation would start with features and magnitudes of debt market in India and briefly touch on policy developments since 1991-92. Significant reforms in debt markets undertaken since last year will then be recal
অক্টোবর 01, 1998
Managing Capital Account
Friends, On behalf of the Reserve Bank of India, I would like to convey my warm greetings to all the delegates from various South Asian countries. I have special pleasure in welcoming our chief guest, Governor A. S. Jayawardhene. The forex markets in many parts of the world are going through a turmoil due to currency crises, which are intensively affecting more and more countries. Much of these crises are characterised by volatile capital flows – though the underlying
Dr. Y. V. Reddy, Deputy Governor, Reserve Bank of India
Friends, On behalf of the Reserve Bank of India, I would like to convey my warm greetings to all the delegates from various South Asian countries. I have special pleasure in welcoming our chief guest, Governor A. S. Jayawardhene. The forex markets in many parts of the world are going through a turmoil due to currency crises, which are intensively affecting more and more countries. Much of these crises are characterised by volatile capital flows – though the underlying
সেপ্টেম্বর 19, 1998
Management Challenges for the Next Century
It is a privilege to be in the midst of this distinguished gathering to deliver the valedictory address to the National Management Convention this evening. This is the Silver Jubilee year of this Convention, and represents an important event in the history of the All India Management Association. It is a fitting tribute to the Silver Jubilee year that this convention is devoted to such an important theme as strategies for strengthening competitiveness of Indian econom
Dr. Bimal Jalan, Governor, Reserve Bank of India
It is a privilege to be in the midst of this distinguished gathering to deliver the valedictory address to the National Management Convention this evening. This is the Silver Jubilee year of this Convention, and represents an important event in the history of the All India Management Association. It is a fitting tribute to the Silver Jubilee year that this convention is devoted to such an important theme as strategies for strengthening competitiveness of Indian econom
সেপ্টেম্বর 16, 1998
Trends in International Banking
I am very happy to be with you on this occasion. I would like to commend the Indian Banks' Association for organising the International Banking Conference at a very timely and critical juncture. The theme of the Conference assumes great significance in the current international environment. In the context of the Asian financial crisis and the continuing turbulence in the international financial markets, the formulation and application of international rules for sound
Dr. Bimal Jalan, Governor, Reserve Bank of India
I am very happy to be with you on this occasion. I would like to commend the Indian Banks' Association for organising the International Banking Conference at a very timely and critical juncture. The theme of the Conference assumes great significance in the current international environment. In the context of the Asian financial crisis and the continuing turbulence in the international financial markets, the formulation and application of international rules for sound

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