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भारतीय रिज़र्व बैंक की आधिकारिक वेबसाइट
भाषण और मीडिया से वार्तालाप
भारतीय रिज़र्व बैंक के गवर्नर द्वारा मौद्रिक नीति वक्तव्य- 06 फरवरी 2026
भाषण
जून 05,
2007
अदीयमान विशव का बढता प्रभाव* या.वे.रेड्डी
Mr. Chairman, Governor Redrado, Chairman Ignatiev and distinguished participants,I am honoured by the kind invitation of Governor Redrado to visit Argentina and participate in the Annual Money and Banking Seminar at the Central Bank of Argentina with focus on ‘monetary policy under uncertainty’. I must compliment Governor Martin Redrado for assembling a galaxy of central bank Governors, leading market analysts and globally renowned academics. The assemblage is a tribu
डॉ. वाई. वी. रेड्डी,
गवर्नर, भारतीय रिज़र्व बैंक
Mr. Chairman, Governor Redrado, Chairman Ignatiev and distinguished participants,I am honoured by the kind invitation of Governor Redrado to visit Argentina and participate in the Annual Money and Banking Seminar at the Central Bank of Argentina with focus on ‘monetary policy under uncertainty’. I must compliment Governor Martin Redrado for assembling a galaxy of central bank Governors, leading market analysts and globally renowned academics. The assemblage is a tribu
पीडीएफ (
मई 29,
2007
भारतीय अर्थव्यवस्था के चुनिंदा पहलू* या.वे.रेड्डी
Governor Fukui and friends, I am honoured by the kind invitation of Governor Fukui to visit your esteemed bank. We, in the Reserve Bank of India (RBI), deeply appreciate the gesture. Governor Toshihiko Fukui is highly respected in various central banks’ fora for his depth of knowledge, wisdom and very transparent expositions on the economy of Japan and the Bank of Japan’s policies. We look forward to Governor Fukui's acceptance of our invitation to him to visit the Re
डॉ. वाई. वी. रेड्डी,
गवर्नर, भारतीय रिज़र्व बैंक
Governor Fukui and friends, I am honoured by the kind invitation of Governor Fukui to visit your esteemed bank. We, in the Reserve Bank of India (RBI), deeply appreciate the gesture. Governor Toshihiko Fukui is highly respected in various central banks’ fora for his depth of knowledge, wisdom and very transparent expositions on the economy of Japan and the Bank of Japan’s policies. We look forward to Governor Fukui's acceptance of our invitation to him to visit the Re
मई 28,
2007
भारत स्थिरता के साथ वृद्धि की सम्भावनाएं* या.वे.रेड्डी
Professor Sakakibara, Governor Fukui, Ambassador Singh and the distinguished participants, I am honoured to be invited at the 'Symposium on Current India' organised by the Waseda University Institute for Indian Economic Studies. I am grateful to Professor Sakakibara, a globally distinguished economic statesman, for inviting me to be here. It is also a privilege to share a platform with universally respected Governor Fukui. There are strong complementarities in the eco
डॉ. वाई. वी. रेड्डी,
गवर्नर, भारतीय रिज़र्व बैंक
Professor Sakakibara, Governor Fukui, Ambassador Singh and the distinguished participants, I am honoured to be invited at the 'Symposium on Current India' organised by the Waseda University Institute for Indian Economic Studies. I am grateful to Professor Sakakibara, a globally distinguished economic statesman, for inviting me to be here. It is also a privilege to share a platform with universally respected Governor Fukui. There are strong complementarities in the eco
मई 17,
2007
भारतीय अर्थव्यवस्था: पुनरीक्षण व भविष्य* या.वे.रेड्डी
Mr. Latifur Rahman, President–Metropolitan Chamber of Commerce and Industry, Mr. Mahbubur Rahman, President–ICC, Bangladesh, the distinguished members of the trade bodies and dear Friends,I am honoured to be invited to deliver this address today at the Metropolitan Chamber of Commerce and Industry, Dhaka. We, in the Reserve Bank of India (RBI), had the pleasure of receiving recently your delegation. On that occasion, I had accepted the invitation, in principle, to add
डॉ. वाई. वी. रेड्डी,
गवर्नर, भारतीय रिज़र्व बैंक
Mr. Latifur Rahman, President–Metropolitan Chamber of Commerce and Industry, Mr. Mahbubur Rahman, President–ICC, Bangladesh, the distinguished members of the trade bodies and dear Friends,I am honoured to be invited to deliver this address today at the Metropolitan Chamber of Commerce and Industry, Dhaka. We, in the Reserve Bank of India (RBI), had the pleasure of receiving recently your delegation. On that occasion, I had accepted the invitation, in principle, to add
मई 16,
2007
भारत में वित्तीय बाजारों का विकास* राकेश मोहन
I am delighted to have the opportunity of speaking on the issue of development of financial markets along with Mr. Christian Noyer, Governor of the Banque de France. He has displayed a deep commitment to the development of financial markets over the years and we heard a very thoughtful speech from him on this subject at the Reserve Bank just two days ago. His approach to financial markets is marked by a great degree of pragmatism: as we develop financial m
डॉ राकेश मोहन,
उप गवर्नर, भारतीय रिज़र्व बैंक
I am delighted to have the opportunity of speaking on the issue of development of financial markets along with Mr. Christian Noyer, Governor of the Banque de France. He has displayed a deep commitment to the development of financial markets over the years and we heard a very thoughtful speech from him on this subject at the Reserve Bank just two days ago. His approach to financial markets is marked by a great degree of pragmatism: as we develop financial m
अप्रैल 14,
2007
अंतरराष्ट्रीय मुद्रा कोष में उप गवर्नर का वक्तव्य* राकेश मोहन
Mr. Chairman, 1. The continued expansion in world GDP in 2006, with growth crossing the 5 percent mark, points to the emergence of a new phase - one that is more diversified with most regions posting higher growth than in the previous year. It is heartening to note that the new robust phase is driven by emerging market economies with China and India continuing to contribute substantially to the global growth momentum. Growth rate in the Euro area accelerated and the r
डॉ राकेश मोहन,
उप गवर्नर, भारतीय रिज़र्व बैंक
Mr. Chairman, 1. The continued expansion in world GDP in 2006, with growth crossing the 5 percent mark, points to the emergence of a new phase - one that is more diversified with most regions posting higher growth than in the previous year. It is heartening to note that the new robust phase is driven by emerging market economies with China and India continuing to contribute substantially to the global growth momentum. Growth rate in the Euro area accelerated and the r
अप्रैल 09,
2007
भारत में वित्तीय क्षेत्र के सुधारों की खास विषयताएं* श्यामला गोपीनाथ
Ms. Nitaya Pibulratanagit, Asst. Governor Bank of Thailand, Mr. Appiah Chairman Forex Association of India, Mr. Lamba Secretary Forex Association of India, delegates from India and Asia/Middle East, ladies and gentlemen. It is a pleasure to inaugurate the 18th annual conference of the Forex Association of India which is affiliated to ACI in this historical city of Bangkok. I understand FIMMDA had held a similar conference in Bangkok in 2003 which was inaugurated by my
श्रीमती श्यामला गोपीनाथ,
उप गवर्नर, भारतीय रिज़र्व बैंक
Ms. Nitaya Pibulratanagit, Asst. Governor Bank of Thailand, Mr. Appiah Chairman Forex Association of India, Mr. Lamba Secretary Forex Association of India, delegates from India and Asia/Middle East, ladies and gentlemen. It is a pleasure to inaugurate the 18th annual conference of the Forex Association of India which is affiliated to ACI in this historical city of Bangkok. I understand FIMMDA had held a similar conference in Bangkok in 2003 which was inaugurated by my
अप्रैल 02,
2007
भारत में मौद्रिक नीति की संप्रेषणीयता* राकेश मोहन
Key to the efficient conduct of monetary policy is the condition that it must exert a systematic influence on the economy in a forward-looking sense. A priori economic theory backed by some empirical evidence has identified the main channels through which monetary policy impacts its final targets, viz., output, employment and inflation. Broadly, the vehicles of monetary transmission can be classified into financial market prices (e.g., interest rates, exchange rates,
डॉ राकेश मोहन,
उप गवर्नर, भारतीय रिज़र्व बैंक
Key to the efficient conduct of monetary policy is the condition that it must exert a systematic influence on the economy in a forward-looking sense. A priori economic theory backed by some empirical evidence has identified the main channels through which monetary policy impacts its final targets, viz., output, employment and inflation. Broadly, the vehicles of monetary transmission can be classified into financial market prices (e.g., interest rates, exchange rates,
अप्रैल 02,
2007
स्थिरता के साथ वृद्धि प्राप्त करने में मौद्रिक नीति की भूमिका: भारतीय अनुभव* वाई. वी. रेड्डी
Governor Garganas and Friends, I am honoured by the kind and persuasive invitation of Governor Garganas to visit Greece and give an address at the central bank. The ties and understanding between Greece and India can be traced to at least well over two millennia. There are references to Megasthenes as Greek Ambassador in the Chandragupta Maurya's Court of Pataliputra in the 4th century B.C. The Monetary Museum of Reserve Bank of India displays coins, which indicate ac
डॉ. वाई. वी. रेड्डी,
गवर्नर, भारतीय रिज़र्व बैंक
Governor Garganas and Friends, I am honoured by the kind and persuasive invitation of Governor Garganas to visit Greece and give an address at the central bank. The ties and understanding between Greece and India can be traced to at least well over two millennia. There are references to Megasthenes as Greek Ambassador in the Chandragupta Maurya's Court of Pataliputra in the 4th century B.C. The Monetary Museum of Reserve Bank of India displays coins, which indicate ac
मार्च 30,
2007
आर्थिक दृष्टिकोण:एशिया और भारत के विषय में कुछ विचार* या.वे.रेड्डी
Friends, It gives me great pleasure to be here participating in the 18th Annual Forum. The topic for the discussion is very broad, but there are several eminent speakers here who would be focusing on different aspects of this complex and very relevant issue. For my part, I would, in the first part, make a general reference to the Asian economies, specially the common challenges being faced by the policy-makers in the Asian emerging market economies (AEMEs). The second
डॉ. वाई. वी. रेड्डी,
गवर्नर, भारतीय रिज़र्व बैंक
Friends, It gives me great pleasure to be here participating in the 18th Annual Forum. The topic for the discussion is very broad, but there are several eminent speakers here who would be focusing on different aspects of this complex and very relevant issue. For my part, I would, in the first part, make a general reference to the Asian economies, specially the common challenges being faced by the policy-makers in the Asian emerging market economies (AEMEs). The second
मार्च 19,
2007
वैश्वीकरण और मौद्रिक नीति:कुछ उभरते मुद्दे* या.वे.रेड्डी
Professor Radhakrishna, Professor Eichenbaun, Professor Rebelo, Professor Christiano, Professor Nachane, Dr. Rakesh Mohan and friends,Happy New Year to all of you. For Dr. Rakesh Mohan, it is a holiday issue, as he described. For me, it is a festival issue also, since I am a Telugu. So, my address will be in the form of sharing of the festive mood also. As you may be aware, today is a festival celebrated as New Year by the State of Maharashtra, and is called Gudipadwa
डॉ. वाई. वी. रेड्डी,
गवर्नर, भारतीय रिज़र्व बैंक
Professor Radhakrishna, Professor Eichenbaun, Professor Rebelo, Professor Christiano, Professor Nachane, Dr. Rakesh Mohan and friends,Happy New Year to all of you. For Dr. Rakesh Mohan, it is a holiday issue, as he described. For me, it is a festival issue also, since I am a Telugu. So, my address will be in the form of sharing of the festive mood also. As you may be aware, today is a festival celebrated as New Year by the State of Maharashtra, and is called Gudipadwa
मार्च 13,
2007
भारतीय वित्तीय क्षेत्र के सुधार* वी.लीलाधर
Introduction At the outset, I am thankful to the Institute of International Bankers for giving me this opportunity of addressing the Annual Washington Conference 2007.The banking system in India has undergone significant changes during last 15 years. There have been new banks, new instruments, new windows, new opportunities and, along with all this, new challenges. While deregulation has opened up new vistas for banks to augment revenues, it has also entailed greater
श्री वी. लीलाधर,
उप गवर्नर, भारतीय रिज़र्व बैंक
Introduction At the outset, I am thankful to the Institute of International Bankers for giving me this opportunity of addressing the Annual Washington Conference 2007.The banking system in India has undergone significant changes during last 15 years. There have been new banks, new instruments, new windows, new opportunities and, along with all this, new challenges. While deregulation has opened up new vistas for banks to augment revenues, it has also entailed greater
मार्च 09,
2007
वित्तीय संस्थाओं पर नियंत्रकों की दृष्टि* या.वे.रेड्डी
Regulators need to keep on top of banks, says Dr. Y V ReddyAs we move from a world based on relationships to one based on transactions, can our banks be far behind? Indeed, banking has been transformed, perhaps unrecognisably, and regulators and customers are taking notice.In the 1970s, a visit to the bank meant face-to-face time, assistance with problems, financial advice, and often just a friendly chat with your banker who you knew and trusted. Today, many customers
डॉ. वाई. वी. रेड्डी,
गवर्नर, भारतीय रिज़र्व बैंक
Regulators need to keep on top of banks, says Dr. Y V ReddyAs we move from a world based on relationships to one based on transactions, can our banks be far behind? Indeed, banking has been transformed, perhaps unrecognisably, and regulators and customers are taking notice.In the 1970s, a visit to the bank meant face-to-face time, assistance with problems, financial advice, and often just a friendly chat with your banker who you knew and trusted. Today, many customers
मार्च 06,
2007
Development of Local Currency Bond Markets : The Indian Experience
Development of Local Currency Bond Markets : The Indian Experience Shyamala Gopinath 1 It gives me great pleasure to participate in the Workshop on "Debt, Finance and Emerging Issues in Financial Integration", being organized by the Financing for Development Office, United Nations in collaboration with the Commonwealth Business Council and Commonwealth Secretariat. In my presentation, I would like to highlight the Indian experience with regard to the development of de
Smt. Shyamala Gopinath,
Deputy Governor, Reserve Bank of India
Development of Local Currency Bond Markets : The Indian Experience Shyamala Gopinath 1 It gives me great pleasure to participate in the Workshop on "Debt, Finance and Emerging Issues in Financial Integration", being organized by the Financing for Development Office, United Nations in collaboration with the Commonwealth Business Council and Commonwealth Secretariat. In my presentation, I would like to highlight the Indian experience with regard to the development of de
मार्च 02,
2007
Banking in the Hinterland
Ladies and Gentlemen,It gives me great pleasure to be here this morning to share my thoughts on banking in the hinterland. The theme of my talk today is that there is a huge business opportunity in banks going rural. Rural banking has great potential if banks adopt appropriate approach and suitable strategies - scale up their business levels, achieve capacity utilisation and devise innovative ways to cater to the typical needs of the vast rural sector.I will divide my
Smt. Usha Thorat,
Deputy Governor, Reserve Bank of India
Ladies and Gentlemen,It gives me great pleasure to be here this morning to share my thoughts on banking in the hinterland. The theme of my talk today is that there is a huge business opportunity in banks going rural. Rural banking has great potential if banks adopt appropriate approach and suitable strategies - scale up their business levels, achieve capacity utilisation and devise innovative ways to cater to the typical needs of the vast rural sector.I will divide my
फ़रवरी 27,
2007
आम आदमी और रिज़र्व बैंक
मित्रो,
मुझे खुशी है कि मैं करमचेडु गांव में फिर से आया हूं। विभिन्न क्षेत्रों की महत्वपूर्ण हस्तियां जैसेकि स्वतंत्रता सेनानी , जहाजरानी के अग्रज, वैज्ञानिक, कवि, मंत्रीगण और चिकित्सकीय डॉक्टर आदि इसी गांव में पैदा हुए हैं। श्री यलीगड्डा रंगानाथकुलु गारू जो कि एक प्रशिक्षित इंजीनियर रहे हैं, का भी इन्हीं हस्तियों में शुमार है। हम तीस वर्ष पहले हैदराबाद में अकस्मात मिले। हम दोस्त बने और हमने कई क्षेत्रों में कुछ उपयोगी सामाजिक कार्य करने का प्रयास किया परंतु हम सफल हुए हैदराबाद अध्ययन मंच स्थापित करने में। मेरा उनसे व्यक्तिगत लगाव है और हमारे पारिवारिक रिश्ते हैं। मोटे तौर पर इस पारिवारिक कड़ी में हमसे जुड़े डॉ.वाय.जी.सी.एस.राव गारू और श्री लक्ष्मीनारायण गारू। जब उनके परिवार के सदस्यों ने मुझे सुझाव दिया कि मैं अपने दोस्त रंगानाथकुलु गारू की स्मृति में ठोस सामाजिक योगदान दूं तो मुझे गर्व का अहसास हुआ और करमचेडु आने का तथा आप सबसे मिलने का सौभाग्य मिला। ग्रामीण विकास और विशेषकर पीने के पानी के लिये समर्पित ट्रस्ट का निर्माण युवा पीढ़ी द्वारा किया गया एक आदर्श अनुकरणीय कार्य है। आज की युवा पीढ़ी यलीगड्डा रंगानाथकुलु की पीढ़ी द्वारा बोये बीजों के फलों का आनंद ले रही है।
डॉ. वाइ.वी. रेड्डी,
गवर्नर, भारतीय रिज़र्व बैंक
मित्रो,
मुझे खुशी है कि मैं करमचेडु गांव में फिर से आया हूं। विभिन्न क्षेत्रों की महत्वपूर्ण हस्तियां जैसेकि स्वतंत्रता सेनानी , जहाजरानी के अग्रज, वैज्ञानिक, कवि, मंत्रीगण और चिकित्सकीय डॉक्टर आदि इसी गांव में पैदा हुए हैं। श्री यलीगड्डा रंगानाथकुलु गारू जो कि एक प्रशिक्षित इंजीनियर रहे हैं, का भी इन्हीं हस्तियों में शुमार है। हम तीस वर्ष पहले हैदराबाद में अकस्मात मिले। हम दोस्त बने और हमने कई क्षेत्रों में कुछ उपयोगी सामाजिक कार्य करने का प्रयास किया परंतु हम सफल हुए हैदराबाद अध्ययन मंच स्थापित करने में। मेरा उनसे व्यक्तिगत लगाव है और हमारे पारिवारिक रिश्ते हैं। मोटे तौर पर इस पारिवारिक कड़ी में हमसे जुड़े डॉ.वाय.जी.सी.एस.राव गारू और श्री लक्ष्मीनारायण गारू। जब उनके परिवार के सदस्यों ने मुझे सुझाव दिया कि मैं अपने दोस्त रंगानाथकुलु गारू की स्मृति में ठोस सामाजिक योगदान दूं तो मुझे गर्व का अहसास हुआ और करमचेडु आने का तथा आप सबसे मिलने का सौभाग्य मिला। ग्रामीण विकास और विशेषकर पीने के पानी के लिये समर्पित ट्रस्ट का निर्माण युवा पीढ़ी द्वारा किया गया एक आदर्श अनुकरणीय कार्य है। आज की युवा पीढ़ी यलीगड्डा रंगानाथकुलु की पीढ़ी द्वारा बोये बीजों के फलों का आनंद ले रही है।
फ़रवरी 13,
2007
Current Challenges to Monetary Policy Making in India
Dr. Kannan, members of the Actuarial Society of India and distinguished delegates.I am deeply honoured to be invited to address the 9th Global Conference of Actuaries today. Strong winds of change are sweeping across the Indian financial landscape. We therefore have to adapt ourselves appropriately to update our understanding of these changes. All stakeholders are involved in this silent transformation. As actuaries, your stake is significant since you will shape the
Dr. Rakesh Mohan,
Deputy Governor, Reserve Bank of India
Dr. Kannan, members of the Actuarial Society of India and distinguished delegates.I am deeply honoured to be invited to address the 9th Global Conference of Actuaries today. Strong winds of change are sweeping across the Indian financial landscape. We therefore have to adapt ourselves appropriately to update our understanding of these changes. All stakeholders are involved in this silent transformation. As actuaries, your stake is significant since you will shape the
जनवरी 19,
2007
Overseas Investments by Indian companies - Evolution of Policy and Trends
Ladies and gentlemen, it is a pleasure to be invited to deliver the key note address at this international conference which is really topical and contextual for the present times and I thank the Bombay Chambers of Commerce for giving me this opportunity. I particularly appreciate the organizers for keeping the focus on host country perspective in regard to overseas expansion by Indian companies and the participants will have the benefit of listening and interacting wi
Smt. Shyamala Gopinath,
Deputy Governor, Reserve Bank of India
Ladies and gentlemen, it is a pleasure to be invited to deliver the key note address at this international conference which is really topical and contextual for the present times and I thank the Bombay Chambers of Commerce for giving me this opportunity. I particularly appreciate the organizers for keeping the focus on host country perspective in regard to overseas expansion by Indian companies and the participants will have the benefit of listening and interacting wi
दिसंबर 19,
2006
Dynamics of Balance of Payments in India
Vice-Chancellor Professor Siddiqi, Prof. J. Satyanarayana, Dr. J. Rameshwar Rao, Prof. Purushotham Rao, Prof. Ali Khan, faculty members and distinguished friends, I am honoured by the kind invitation of the Vice-Chancellor to me to be the Chief Guest and to deliver the first Diamond Jubilee lecture of the Department of Commerce, Osmania University. I specifically owe a deep debt of gratitude to Osmania University and I have also been proud to acknowledge it. In August
Dr. Y. V. Reddy,
Governor, Reserve Bank of India
Vice-Chancellor Professor Siddiqi, Prof. J. Satyanarayana, Dr. J. Rameshwar Rao, Prof. Purushotham Rao, Prof. Ali Khan, faculty members and distinguished friends, I am honoured by the kind invitation of the Vice-Chancellor to me to be the Chief Guest and to deliver the first Diamond Jubilee lecture of the Department of Commerce, Osmania University. I specifically owe a deep debt of gratitude to Osmania University and I have also been proud to acknowledge it. In August
दिसंबर 18,
2006
Rural Banking: Review and Prospects
Rural Banking: Review and Prospects Dr. Kotaiah, Mrs. Nandita Ray, Mr. C. S. Reddy, Prof. Mahendra Dev and Distinguished guests, I am grateful to the organisers for giving me an opportunity to deliver the first Smarajit Ray memorial lecture. Mr. Ray, about a couple of years younger to me in age and a valued colleague in the civil service, had been one of my close friends for almost four decades. He was a self-effacing person with courage of conviction in servicing the
Dr. Y. V. Reddy,
Governor, Reserve Bank of India
Rural Banking: Review and Prospects Dr. Kotaiah, Mrs. Nandita Ray, Mr. C. S. Reddy, Prof. Mahendra Dev and Distinguished guests, I am grateful to the organisers for giving me an opportunity to deliver the first Smarajit Ray memorial lecture. Mr. Ray, about a couple of years younger to me in age and a valued colleague in the civil service, had been one of my close friends for almost four decades. He was a self-effacing person with courage of conviction in servicing the
दिसंबर 08,
2006
Urban Cooperative Banks – Evolution of the banks, current issues in Corporate Governance and challenges in their Regulation and Supervision
URBAN COOPERATIVE BANKS - Evolution of the banks, current issues in Corporate Governance and challenges in their Regulation and Supervision Ladies and Gentlemen, I am happy and honoured to be here today to deliver the "Late Shri. R. N. Godbole memorial lecture" this year. My thanks to the Shivaji University, Kolhapur for extending me the invitation to deliver this lecture I have chosen to speak today on Urban Cooperative Banks - a key sector in the Indian Banking scen
Smt. Usha Thorat,
Deputy Governor, Reserve Bank of India
URBAN COOPERATIVE BANKS - Evolution of the banks, current issues in Corporate Governance and challenges in their Regulation and Supervision Ladies and Gentlemen, I am happy and honoured to be here today to deliver the "Late Shri. R. N. Godbole memorial lecture" this year. My thanks to the Shivaji University, Kolhapur for extending me the invitation to deliver this lecture I have chosen to speak today on Urban Cooperative Banks - a key sector in the Indian Banking scen
नवंबर 21,
2006
केंद्रीय बैंक और जोखिम प्रबंधन: वित्तीय स्थिरता को आगे बढाना*
I have chosen to speak on "Financial Stability" for a number of reasons. Although financial stability has always been of concern to central banks, it is a relatively new concept in terms of the widespread attention being given to it in recent years. I thought it would be useful to discuss why it has become so important to central banks. Achieving this understanding would also help in explaining some of the behaviour of central banks. I will also try to explain why it
डॉ राकेश मोहन,
उप गवर्नर, भारतीय रिज़र्व बैंक
I have chosen to speak on "Financial Stability" for a number of reasons. Although financial stability has always been of concern to central banks, it is a relatively new concept in terms of the widespread attention being given to it in recent years. I thought it would be useful to discuss why it has become so important to central banks. Achieving this understanding would also help in explaining some of the behaviour of central banks. I will also try to explain why it
नवंबर 17,
2006
वैश्विक असंतुलनों के प्रति मौद्रिक और वित्तीय नीतिगत प्रतिसाद*
DEPARTMENT OF ECONOMIC ANALYSIS AND POLICY I would like to compliment Bank Indonesia for arranging this conference on the theme "Monetary and Financial Policy Responses to Global Imbalances" at the Annual International Seminar 2006. This is an issue that has been among the top concerns of central bankers in the last few years: so the opportunity to have this discussion at this opportune time is very welcome for all of us. The issue of large global imbalances has been
डॉ राकेश मोहन,
उप गवर्नर, भारतीय रिज़र्व बैंक
DEPARTMENT OF ECONOMIC ANALYSIS AND POLICY I would like to compliment Bank Indonesia for arranging this conference on the theme "Monetary and Financial Policy Responses to Global Imbalances" at the Annual International Seminar 2006. This is an issue that has been among the top concerns of central bankers in the last few years: so the opportunity to have this discussion at this opportune time is very welcome for all of us. The issue of large global imbalances has been
नवंबर 16,
2006
भारत में आर्थिक सुधार : हम कहां हैं और कहां जायेंगे?*
We have now had a decade and a half of economic reforms. It is perhaps appropriate at this point to stand back and take stock of what we have done as we venture further. Today I shall, therefore, make an effort to (a) review what has been done; (b) evaluate where we are; and (c) suggest where we need to go. Let me give you the backdrop as to what motivated me to choose this topic. I recently came across, The Tipping Point: How Little Things Make a Big Difference, by M
डॉ राकेश मोहन,
उप गवर्नर, भारतीय रिज़र्व बैंक
We have now had a decade and a half of economic reforms. It is perhaps appropriate at this point to stand back and take stock of what we have done as we venture further. Today I shall, therefore, make an effort to (a) review what has been done; (b) evaluate where we are; and (c) suggest where we need to go. Let me give you the backdrop as to what motivated me to choose this topic. I recently came across, The Tipping Point: How Little Things Make a Big Difference, by M
नवंबर 08,
2006
समावेशन परक वृद्धि : वित्तीय शिक्षा की भूमिका*
I thank the Indian Banks Association and hosts Andhra Bank for inviting me for this Conference. I am aware you have had illustrious speakers and expert sessions on various issues reverberating in policy conundrums of 'financial inclusion' and financially inclusive growth. Why I term these as conundrums is for the reason that on the one hand, everyone accepts that a broad based access to formal financial services is a sine qua non for the aspiration of growth in GDP an
श्रीमती श्यामला गोपीनाथ,
उप गवर्नर, भारतीय रिज़र्व बैंक
I thank the Indian Banks Association and hosts Andhra Bank for inviting me for this Conference. I am aware you have had illustrious speakers and expert sessions on various issues reverberating in policy conundrums of 'financial inclusion' and financially inclusive growth. Why I term these as conundrums is for the reason that on the one hand, everyone accepts that a broad based access to formal financial services is a sine qua non for the aspiration of growth in GDP an
नवंबर 07,
2006
भारतीय अर्थव्यवस्था की स्थिति
It is my great pleasure to be here at the 2nd Annual Indian Securities Infrastructure & Operations Forum 2006. The recent growth momentum of the Indian economy is leading to renewed interest in India’s growth prospects. As the mid-year review of the annual policy is just over I thought instead of giving just a run-down of the current state of the Indian economy let me put the current trends into a broader perspective - both with respect to the longer term trend an
डॉ राकेश मोहन,
उप गवर्नर, भारतीय रिज़र्व बैंक
It is my great pleasure to be here at the 2nd Annual Indian Securities Infrastructure & Operations Forum 2006. The recent growth momentum of the Indian economy is leading to renewed interest in India’s growth prospects. As the mid-year review of the annual policy is just over I thought instead of giving just a run-down of the current state of the Indian economy let me put the current trends into a broader perspective - both with respect to the longer term trend an
नवंबर 04,
2006
निरंतर विकास के लिए वित्तीय समावेशन : सूचना प्रौद्योगिकी तथा मध्यस्थक संस्थाओं की भूमिका *
My topic today is financial inclusion for sustainable development and how IT and community based organisations including NGOs can be leveraged for expanding banking outreach so as to meet the needs of the underserved population. Financial inclusion has become a buzzword internationally – even in developed financial markets there are concerns about those excluded from the banking system especially migrant workers. The barriers to access to formal banking system have be
श्रीमती उषा थोराट,
उप गवर्नर, भारतीय रिज़र्व बैंक
My topic today is financial inclusion for sustainable development and how IT and community based organisations including NGOs can be leveraged for expanding banking outreach so as to meet the needs of the underserved population. Financial inclusion has become a buzzword internationally – even in developed financial markets there are concerns about those excluded from the banking system especially migrant workers. The barriers to access to formal banking system have be
नवंबर 03,
2006
आर्थिक वृद्धि, वित्तीय गहनता तथा वित्तीय समावेशन
I. Introduction I would like to thank the Indian Banks Association and the Andhra Bank for inviting me to this Conference, which has become an annual feature of the calendar for bankers and financial sector professionals. In view of the theme of the conference, viz., 'Inclusive Growth – A New Challenge', I thought it would be appropriate to place financial inclusion within the broad context of economic growth. There is yet another motivation for choosing the theme. Wh
डॉ राकेश मोहन,
उप गवर्नर, भारतीय रिज़र्व बैंक
I. Introduction I would like to thank the Indian Banks Association and the Andhra Bank for inviting me to this Conference, which has become an annual feature of the calendar for bankers and financial sector professionals. In view of the theme of the conference, viz., 'Inclusive Growth – A New Challenge', I thought it would be appropriate to place financial inclusion within the broad context of economic growth. There is yet another motivation for choosing the theme. Wh
अक्तूबर 23,
2006
भुगतान और निपटान प्रणालियां : चुनिंदा मुद्दे
Director Shri Sharma, Mr. Hollandars, Mr. O’Connor, Mr. Shigang, Ms. Christova, Mr. Beau and distinguished participants and Ladies and Gentlemen, It is my pleasure to be with you this evening to deliver the valedictory address at the Regional Payment and Settlement Systems Workshop organised jointly by the Reserve Bank of India (RBI) and the Bank for International Settlements (BIS). Participants from the central banks of 16 countries from Africa and Asia have attended
डॉ. वाई. वी. रेड्डी,
गवर्नर, भारतीय रिज़र्व बैंक
Director Shri Sharma, Mr. Hollandars, Mr. O’Connor, Mr. Shigang, Ms. Christova, Mr. Beau and distinguished participants and Ladies and Gentlemen, It is my pleasure to be with you this evening to deliver the valedictory address at the Regional Payment and Settlement Systems Workshop organised jointly by the Reserve Bank of India (RBI) and the Bank for International Settlements (BIS). Participants from the central banks of 16 countries from Africa and Asia have attended
अक्तूबर 13,
2006
Risks Associated with Macroeconomic Adjustments: Global Perspective
I. Growth Trends I am happy to observe the continued healthy expansion of world GDP and that the International Monetary Fund (IMF) is projecting only a marginal slowdown from 5.1 per cent in 2006 to 4.9 per cent in 2007. It is important to note, however, that some other forecasters are not so sanguine. The global economy has maintained its pace of growth in the first half of 2006. Although growth rates recorded in most of the advanced as well as emerging economies hav
Dr. Rakesh Mohan,
Deputy Governor, Reserve Bank of India
I. Growth Trends I am happy to observe the continued healthy expansion of world GDP and that the International Monetary Fund (IMF) is projecting only a marginal slowdown from 5.1 per cent in 2006 to 4.9 per cent in 2007. It is important to note, however, that some other forecasters are not so sanguine. The global economy has maintained its pace of growth in the first half of 2006. Although growth rates recorded in most of the advanced as well as emerging economies hav
अक्तूबर 09,
2006
बैंकिंग और वित्तीय क्षेत्र के सुधार : स्थिति एवं सभांवनाएं
Respected Prime Minister Sir, Shri Vineet Jain, Honourable Shri Chidambaram, Dr. Rangarajan, Shri Ahluwalia, leaders of industry and finance, and friends, I am thankful to the organisers for according me the privilege of participating in this panel discussion. My comments are divided into three parts - personal, present status, and prospects for Banking and Financial Sector Reforms. On the personal front, I have worked closely with all the distinguished panelists here
डॉ. वाई. वी. रेड्डी,
गवर्नर, भारतीय रिज़र्व बैंक
Respected Prime Minister Sir, Shri Vineet Jain, Honourable Shri Chidambaram, Dr. Rangarajan, Shri Ahluwalia, leaders of industry and finance, and friends, I am thankful to the organisers for according me the privilege of participating in this panel discussion. My comments are divided into three parts - personal, present status, and prospects for Banking and Financial Sector Reforms. On the personal front, I have worked closely with all the distinguished panelists here
सितंबर 29,
2006
वैश्वीकरण, मुद्रा और वित्त - अनिश्चितताएं और दुविधाएं
Globalisation, Money and Finance – Uncertainties and Dilemmas* Dear friends, I am honoured to be invited to deliver the valedictory address at the 2006 FICCI-IBA Conference. I would like to begin by complimenting the hosts for their choice of the theme: "Global Banking: Paradigm Shift". Many distinguished speakers have participated already in the deliberations and hence I will attempt a broader overview of globalisation issues at the current juncture. My address is on
डॉ. वाई. वी. रेड्डी,
गवर्नर, भारतीय रिज़र्व बैंक
Globalisation, Money and Finance – Uncertainties and Dilemmas* Dear friends, I am honoured to be invited to deliver the valedictory address at the 2006 FICCI-IBA Conference. I would like to begin by complimenting the hosts for their choice of the theme: "Global Banking: Paradigm Shift". Many distinguished speakers have participated already in the deliberations and hence I will attempt a broader overview of globalisation issues at the current juncture. My address is on
सितंबर 29,
2006
भारतीय रिज़र्व बैंक अभिलेखागार : कुछ विचार तथा भावी पथ
It is a real pleasure to be here today on the occasion of the Silver Jubilee Inaugural Function of the Reserve Bank of India Archives (RBIA), earlier known as the Central Records and Documentation Centre (CRDC). The Reserve Bank of India established its Central Archives on August 24, 1981 with twin objectives to serve as (i) repository of non-current permanent records and (ii) the Central Archives of the Reserve Bank of India for research purposes. I am pleased to inf
डॉ राकेश मोहन,
उप गवर्नर, भारतीय रिज़र्व बैंक
It is a real pleasure to be here today on the occasion of the Silver Jubilee Inaugural Function of the Reserve Bank of India Archives (RBIA), earlier known as the Central Records and Documentation Centre (CRDC). The Reserve Bank of India established its Central Archives on August 24, 1981 with twin objectives to serve as (i) repository of non-current permanent records and (ii) the Central Archives of the Reserve Bank of India for research purposes. I am pleased to inf
सितंबर 27,
2006
जोखिम प्रबंधन में बदलते प्रतिमान
The world of finance has always had an intuitive understanding of risk. The risks that emerge from the increased variety and complexities of banking business, as well as from the various new drivers of growth has pushed the contours of risk management in banks much beyond what would probably have existed in the more traditional forms of banking activity of accepting deposits and lending in relatively stable environments. Internationally, the last two decades or so hav
श्रीमती श्यामला गोपीनाथ,
उप गवर्नर, भारतीय रिज़र्व बैंक
The world of finance has always had an intuitive understanding of risk. The risks that emerge from the increased variety and complexities of banking business, as well as from the various new drivers of growth has pushed the contours of risk management in banks much beyond what would probably have existed in the more traditional forms of banking activity of accepting deposits and lending in relatively stable environments. Internationally, the last two decades or so hav
सितंबर 26,
2006
बासल II के रहस्य से पर्दा हटाना
Friends, it gives me great pleasure to share my thoughts on some of the elements of Basel II implementation in India with this august gathering. I firmly believe that periodical sharing of thoughts and views by us on issues of topical relevance with bankers - both domestic and foreign; eminent bank regulators and supervisors from abroad; and above all - the users of the banking system, is fundamental for promoting greater transparency and understanding of the intent a
श्री वी. लीलाधर,
उप गवर्नर, भारतीय रिज़र्व बैंक
Friends, it gives me great pleasure to share my thoughts on some of the elements of Basel II implementation in India with this august gathering. I firmly believe that periodical sharing of thoughts and views by us on issues of topical relevance with bankers - both domestic and foreign; eminent bank regulators and supervisors from abroad; and above all - the users of the banking system, is fundamental for promoting greater transparency and understanding of the intent a
सितंबर 21,
2006
वित्तीय शिक्षा की भूमिका : भारतीय उदाहरण
Distinguished Ladies and Gentlemen, I am thankful to Shri Swarup for inviting me to this august gathering. The Conference represents an important step by the Pension Fund Regulatory and Development Authority (PFRDA) to distil from the experiences of other countries in its quest for enhancing the levels of financial education in our country. The collaboration with Organisation for Economic Co-operation and Development (OECD) which has been playing a pivotal role in thi
डॉ. वाई. वी. रेड्डी,
गवर्नर, भारतीय रिज़र्व बैंक
Distinguished Ladies and Gentlemen, I am thankful to Shri Swarup for inviting me to this august gathering. The Conference represents an important step by the Pension Fund Regulatory and Development Authority (PFRDA) to distil from the experiences of other countries in its quest for enhancing the levels of financial education in our country. The collaboration with Organisation for Economic Co-operation and Development (OECD) which has been playing a pivotal role in thi
सितंबर 21,
2006
कारोबारी उत्कृष्टता के लिए सूचना प्रौद्योगिकी
Ladies and Gentlemen, It gives me great pleasure to be present here to share a few thoughts on one of the important drivers of banking business in the world. Information Technology or IT has made substantial inroads into the financial sector, it has in fact transformed the way banking operations are conducted. The benefits brought about by IT in handling large processing volumes, in providing for quick, safe transaction processing, economies of scale and in expanding
श्री वी. लीलाधर,
उप गवर्नर, भारतीय रिज़र्व बैंक
Ladies and Gentlemen, It gives me great pleasure to be present here to share a few thoughts on one of the important drivers of banking business in the world. Information Technology or IT has made substantial inroads into the financial sector, it has in fact transformed the way banking operations are conducted. The benefits brought about by IT in handling large processing volumes, in providing for quick, safe transaction processing, economies of scale and in expanding
सितंबर 19,
2006
विदेशी मुद्रा बंडार : नई वास्तविकताएं और विकल्प
Distinguished Friends, I am thankful to the organisers for inviting me to participate in the 2006 Program of Seminars on the Theme 'The World in Asia, Asia in the World'. The theme for this session has tantalising words: problems, plenty, challenges, opportunities, accumulation, large, foreign, windfall and reserves. It may be a little hard to match the sense of these words in an address by central bankers. So, I intend taking a slightly broader view of the subject an
डॉ. वाई. वी. रेड्डी,
गवर्नर, भारतीय रिज़र्व बैंक
Distinguished Friends, I am thankful to the organisers for inviting me to participate in the 2006 Program of Seminars on the Theme 'The World in Asia, Asia in the World'. The theme for this session has tantalising words: problems, plenty, challenges, opportunities, accumulation, large, foreign, windfall and reserves. It may be a little hard to match the sense of these words in an address by central bankers. So, I intend taking a slightly broader view of the subject an
सितंबर 18,
2006
वृद्धि के संबंध में एशियाई परिदृश्य : भारत के लिए संभावनाएं
Distinguished friends, I am delighted to be here at the G30's International Banking Seminar hosted by the Monetary Authority of Singapore. Indeed, it is an honour and privilege to be amidst the global Gurus of financial world. I divide my humble presentation into five parts: namely the contours of Indian economy; the major challenges facing the Indian economy; the impact of global imbalances on India; some not easily quantifiable strengths of India and; India's growin
डॉ. वाई. वी. रेड्डी,
गवर्नर, भारतीय रिज़र्व बैंक
Distinguished friends, I am delighted to be here at the G30's International Banking Seminar hosted by the Monetary Authority of Singapore. Indeed, it is an honour and privilege to be amidst the global Gurus of financial world. I divide my humble presentation into five parts: namely the contours of Indian economy; the major challenges facing the Indian economy; the impact of global imbalances on India; some not easily quantifiable strengths of India and; India's growin
सितंबर 07,
2006
ऋण परामर्शन : भारतीय परिदृश्य
Mr. Chairman, distinguished guests and friends, I am thankful to Mr. Balachandran for providing this opportunity to be with this eminent gathering assembled for a noble cause. Bank of India has been among the banks known to be a pioneer in several areas of commercial banking. In this context, the initiative by the bank to establish credit counselling centers on a pilot basis highlights the pro-active role being played by our banks. In fact, a major reason for my agree
डॉ. वाई. वी. रेड्डी,
गवर्नर, भारतीय रिज़र्व बैंक
Mr. Chairman, distinguished guests and friends, I am thankful to Mr. Balachandran for providing this opportunity to be with this eminent gathering assembled for a noble cause. Bank of India has been among the banks known to be a pioneer in several areas of commercial banking. In this context, the initiative by the bank to establish credit counselling centers on a pilot basis highlights the pro-active role being played by our banks. In fact, a major reason for my agree
सितंबर 05,
2006
वित्तीय क्षेत्र में प्रौद्योगिकी का उपयोग : संयुक्त प्रयासों का महत्व
Shri Arvind Sharma, Director, IDRBT, members of the Governing Council of the IDRBT, fellow bankers and distinguished guests, It gives me immense pleasure to be here with friends from the banking fraternity. In fact, being here is part of my annual pilgrimage to the Institute for Development and Research in Banking Technology (IDRBT). At the outset, I would like to compliment the Governing Council, faculty and staff of the IDRBT for continuing with their mission with d
डॉ. वाई. वी. रेड्डी,
गवर्नर, भारतीय रिज़र्व बैंक
Shri Arvind Sharma, Director, IDRBT, members of the Governing Council of the IDRBT, fellow bankers and distinguished guests, It gives me immense pleasure to be here with friends from the banking fraternity. In fact, being here is part of my annual pilgrimage to the Institute for Development and Research in Banking Technology (IDRBT). At the outset, I would like to compliment the Governing Council, faculty and staff of the IDRBT for continuing with their mission with d
अगस्त 24,
2006
New Economic Geography and Monetary Policy in a Flattening World*
Let me first thank Tom Hoenig and his colleagues for inviting me again to this symposium. It is always a treat to be here in more ways than one: to partake of the rich feast of insightful and interesting papers, illuminating commentaries and discussions, accompanied by the warm hospitality of the Kansas City Fed in this incomparable setting in the shadow of the majestic Tetons. It is difficult to provide an overview of this rather disparate set of sessions reflecting
Dr. Rakesh Mohan,
Deputy Governor, Reserve Bank of India
Let me first thank Tom Hoenig and his colleagues for inviting me again to this symposium. It is always a treat to be here in more ways than one: to partake of the rich feast of insightful and interesting papers, illuminating commentaries and discussions, accompanied by the warm hospitality of the Kansas City Fed in this incomparable setting in the shadow of the majestic Tetons. It is difficult to provide an overview of this rather disparate set of sessions reflecting
जुलाई 24,
2006
एवियन इन्फ्लुएंजा वैश्विक महामारी : वित्तीय क्षेत्र के अंतगर्त तैयारी -राकेश मोहन
I would like to welcome all of you to India for the IMF Seminar on "Preparedness within the Financial Sector for an Avian Influenza Pandemic", which has been a source of concern not only for health experts but also for policy makers in Governments and Central Banks alike. It is important to undertake activities that are preventive in nature, so that the probability of an undesirable event is minimised. The Fund’s efforts to bring countries that are vulnerable to the p
डॉ राकेश मोहन,
उप गवर्नर, भारतीय रिज़र्व बैंक
I would like to welcome all of you to India for the IMF Seminar on "Preparedness within the Financial Sector for an Avian Influenza Pandemic", which has been a source of concern not only for health experts but also for policy makers in Governments and Central Banks alike. It is important to undertake activities that are preventive in nature, so that the probability of an undesirable event is minimised. The Fund’s efforts to bring countries that are vulnerable to the p
जुलाई 01,
2006
बैंकों द्ववारा आम आदमी की सेवा : डाँ.या.वे. रेड्डी
Chairperson of the Board Smt. Udeshi, Chairman of the IBA Shri Shetty, Deputy Governor Smt. Usha Thorat, distinguished bankers and friends, It gives me immense pleasure and satisfaction to be here to release the 'Code of Bank’s Commitment to Customers'. The Code signifies the first formal collaborative effort by the Reserve Bank of India, the banks and the newly set up Banking Codes and Standards Board of India (BCSBI) to provide a framework for a minimum standard of
डॉ. वाई. वी. रेड्डी,
गवर्नर, भारतीय रिज़र्व बैंक
Chairperson of the Board Smt. Udeshi, Chairman of the IBA Shri Shetty, Deputy Governor Smt. Usha Thorat, distinguished bankers and friends, It gives me immense pleasure and satisfaction to be here to release the 'Code of Bank’s Commitment to Customers'. The Code signifies the first formal collaborative effort by the Reserve Bank of India, the banks and the newly set up Banking Codes and Standards Board of India (BCSBI) to provide a framework for a minimum standard of
जून 30,
2006
वित्तीय क्षेत्र प्रतिस्पर्धा और मौद्रिक नीति : टिप्पणी - डा.या.वे. रेड्डी
Financial Sector Competition and Monetary Policy : Comments* Mr. Chairman, Professor Mario Monti, Co-panellists and fellow Governors, I am honoured by the invitation to participate in the Annual General Meeting Panel in this historic and beautiful location. When I got the enquiry on my willingness to be a panelist on "The Relevance of Competition and Monetary Policy for Financial Stability" for the Per Jacobsson Foundation lecture this year, I initially felt that the
डॉ. वाई. वी. रेड्डी,
गवर्नर, भारतीय रिज़र्व बैंक
Financial Sector Competition and Monetary Policy : Comments* Mr. Chairman, Professor Mario Monti, Co-panellists and fellow Governors, I am honoured by the invitation to participate in the Annual General Meeting Panel in this historic and beautiful location. When I got the enquiry on my willingness to be a panelist on "The Relevance of Competition and Monetary Policy for Financial Stability" for the Per Jacobsson Foundation lecture this year, I initially felt that the
जून 28,
2006
अर्थव्यवस्था पर केंद्रीय बैंकर के प्रभाव के स्रोत पर टिप्पणी -डा.या.वे. रेड्डी
On the Sources of Central Banker’s Influence over the Economy: Comments Chairman Mario Bleijer, Professor Stephen G. Cecchetti, Professor William H. Buiter, Dr Guillermo A. Calvo and fellow Governors, It is my pleasure to join the symposium and as desired by you, Mr. Chairman, offer initial informal comments on Professor Cecchetti’s paper on ‘Sources of Central Banker’s Influence over the Economy’. Professor Cecchetti first succinctly brings out the convergence of dev
डॉ. वाई. वी. रेड्डी,
गवर्नर, भारतीय रिज़र्व बैंक
On the Sources of Central Banker’s Influence over the Economy: Comments Chairman Mario Bleijer, Professor Stephen G. Cecchetti, Professor William H. Buiter, Dr Guillermo A. Calvo and fellow Governors, It is my pleasure to join the symposium and as desired by you, Mr. Chairman, offer initial informal comments on Professor Cecchetti’s paper on ‘Sources of Central Banker’s Influence over the Economy’. Professor Cecchetti first succinctly brings out the convergence of dev
जून 06,
2006
एशिया की शहरी शताब्दी : उभरती प्रवृत्तियां -डा.राकेश मोहन
I. Urbanisation: A Recent Phenomenon Widespread all pervading urbanisation is a truly twentieth century phenomenon. Although cities have always existed, even cities such as Memphis, Babylon, Thebes, Athens, Sparta, Mohen-ja-daro and Anuradhapura existed in antiquity, there is little evidence of widespread urbanisation in the early years of civilization. Rome was perhaps the first settlement to reach 1 million people in BC; only in 1800 did London become the second cit
डॉ राकेश मोहन,
उप गवर्नर, भारतीय रिज़र्व बैंक
I. Urbanisation: A Recent Phenomenon Widespread all pervading urbanisation is a truly twentieth century phenomenon. Although cities have always existed, even cities such as Memphis, Babylon, Thebes, Athens, Sparta, Mohen-ja-daro and Anuradhapura existed in antiquity, there is little evidence of widespread urbanisation in the early years of civilization. Rome was perhaps the first settlement to reach 1 million people in BC; only in 1800 did London become the second cit
जून 03,
2006
वित्तीय क्षेत्र के सुधार तथा मौद्रिक नीति : भारतीय अनुभव - डा.राकेश मोहन
I. Introduction Since the initiation of reforms in the early 1990s, the Indian economy has achieved high growth in an environment of macroeconomic and financial stability. The period has been marked by broad based economic reform that has touched every segment of the economy. These reforms were designed essentially to promote greater efficiency in the economy through promotion of greater competition. The story of Indian reforms is by now well-documented (e.g., Ahluwal
डॉ राकेश मोहन,
उप गवर्नर, भारतीय रिज़र्व बैंक
I. Introduction Since the initiation of reforms in the early 1990s, the Indian economy has achieved high growth in an environment of macroeconomic and financial stability. The period has been marked by broad based economic reform that has touched every segment of the economy. These reforms were designed essentially to promote greater efficiency in the economy through promotion of greater competition. The story of Indian reforms is by now well-documented (e.g., Ahluwal
मई 30,
2006
बैंक ग्राहकों के साथ उचित व्यवहार - विनियामक पहलें
It gives me great pleasure to participate in this Congress organised by the Financial Planning Standards Board India. Today, there is much more awareness of the need to protect consumers' rights and ensure fair practices in financial services. Countries are designating specific regulators or self regulatory watch dogs for overseeing whether there is mis-selling and whether fair and transparent practices are being observed by financial intermediaries. While specific gr
श्रीमती उषा थोराट,
उप गवर्नर, भारतीय रिज़र्व बैंक
It gives me great pleasure to participate in this Congress organised by the Financial Planning Standards Board India. Today, there is much more awareness of the need to protect consumers' rights and ensure fair practices in financial services. Countries are designating specific regulators or self regulatory watch dogs for overseeing whether there is mis-selling and whether fair and transparent practices are being observed by financial intermediaries. While specific gr
मई 25,
2006
भारत के आर्थिक विकास पर चिंतन - चर्चा(दि काउंसिल ऑन फॉरेन रिलेशंस, न्यूयार्क में 12 मई 2006 को गवर्नर डा. वाई.वी.रेड्डी द्वारा की गई चर्चा)
This is a rush transcript - hosted on RBI website with the concurrence of the Council on Foreign Relations. The transcript as well as the audio and video of the discussion are also available at http://www.cfr.org/publication/10763/reflections_on_indias_economic_development_rush_transcript_federal_news_service_inc.html Speaker: Y.V. Reddy Governor, Reserve Bank of India Presider: Frank G. Wisner Vice Chairman, External Affairs, American International Group, Inc. May 12
डॉ. वाई. वी. रेड्डी,
गवर्नर, भारतीय रिज़र्व बैंक
This is a rush transcript - hosted on RBI website with the concurrence of the Council on Foreign Relations. The transcript as well as the audio and video of the discussion are also available at http://www.cfr.org/publication/10763/reflections_on_indias_economic_development_rush_transcript_federal_news_service_inc.html Speaker: Y.V. Reddy Governor, Reserve Bank of India Presider: Frank G. Wisner Vice Chairman, External Affairs, American International Group, Inc. May 12
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