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ਜੂਨ 07, 2010
Financial Regulation and Financial Inclusion – Working Together or at Cross-purposes
The case for financial inclusion is not based on the principle of equity alone – access to affordable banking services is required for inclusive growth with stability. Achieving financial inclusion in a country like India with a large and diverse population with significant segments in rural and unorganised sectors requires a high level of penetration by the formal financial system. Even in areas that are well covered by banks, there are sections of society excluded f
Smt. Usha Thorat, Deputy Governor, Reserve Bank of India
The case for financial inclusion is not based on the principle of equity alone – access to affordable banking services is required for inclusive growth with stability. Achieving financial inclusion in a country like India with a large and diverse population with significant segments in rural and unorganised sectors requires a high level of penetration by the formal financial system. Even in areas that are well covered by banks, there are sections of society excluded f
ਜੂਨ 01, 2010
RBI Archives - Way Forward
Photograph I am delighted to be here today for the inauguration of the RBI Archives Museum. You will all recall that we have just concluded the Platinum Jubilee celebrations of the Reserve Bank. The events and initiatives that we had taken up as part of the celebrations centred around introspection on the evolution of the Reserve Bank, reflection on its current and future challenges, and on how the Reserve Bank can fulfill its objectives even better so that it continu
Dr. D. Subbarao, Governor, Reserve Bank of India
Photograph I am delighted to be here today for the inauguration of the RBI Archives Museum. You will all recall that we have just concluded the Platinum Jubilee celebrations of the Reserve Bank. The events and initiatives that we had taken up as part of the celebrations centred around introspection on the evolution of the Reserve Bank, reflection on its current and future challenges, and on how the Reserve Bank can fulfill its objectives even better so that it continu
ਮਈ 21, 2010
Bank Credit to MSMEs: Present Status and Way Forward
Dr P M Mathew, Director, ISED, Dr K N Kabra, Chairman, ISED, Shri T O Sooraj, Director, Industries and Commerce, Government of Kerala, Dr Yerram Raju, senior fellow, ISED, senior bankers, MSME entrepreneurs, other distinguished guests, ladies and gentlemen. I am indeed very happy to be in your midst today for the release of the 13th issue of the India, Micro Small and Medium Enterprises Report Series of your Institute. The MSMEs, given their limitations and constraint
Dr. K.C. Chakrabarty, Deputy Governor, Reserve Bank of India
Dr P M Mathew, Director, ISED, Dr K N Kabra, Chairman, ISED, Shri T O Sooraj, Director, Industries and Commerce, Government of Kerala, Dr Yerram Raju, senior fellow, ISED, senior bankers, MSME entrepreneurs, other distinguished guests, ladies and gentlemen. I am indeed very happy to be in your midst today for the release of the 13th issue of the India, Micro Small and Medium Enterprises Report Series of your Institute. The MSMEs, given their limitations and constraint
ਮਈ 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
ਅਪ੍ਰੈ 30, 2010
Key note Address by Dr K.C.Chakrabarty, Deputy Governor, at the Review Meet on Implementation of Revival Package for Short Term Rural Cooperative Credit Structure organised by National Federation of State Cooperative Banks (NAFSCOB) at New Delhi -
Shri P. K. Basu, Union Agriculture and Cooperation Secretary, Dr. Chandrapal Singh Yadav, President, NCUI & Chairman, KRIBHCO, Dr Bijender Singh, Chairman, NAFSCOB, Shri B. Subrahmanyam, MD, NAFSCOB, Smt Roshan R. Warjri, Vice-Chairperson, NAFSCOB, distinguished speakers and panelists, distinguished guests, ladies and gentlemen. Introduction 1.  At the outset, I congratulate the National Federation of State Co-operative Banks for organizing this review meet o
Dr. K.C. Chakrabarty, Deputy Governor, Reserve Bank of India
Shri P. K. Basu, Union Agriculture and Cooperation Secretary, Dr. Chandrapal Singh Yadav, President, NCUI & Chairman, KRIBHCO, Dr Bijender Singh, Chairman, NAFSCOB, Shri B. Subrahmanyam, MD, NAFSCOB, Smt Roshan R. Warjri, Vice-Chairperson, NAFSCOB, distinguished speakers and panelists, distinguished guests, ladies and gentlemen. Introduction 1.  At the outset, I congratulate the National Federation of State Co-operative Banks for organizing this review meet o
ਅਪ੍ਰੈ 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
ਅਪ੍ਰੈ 26, 2010
New Paradigms in IT Security in Indian Banks
Shri M. V. Nair, Chairman, IBA and CMD, Union Bank of India, Shri B. Sambamurthy, Director, IDRBT, Shri Shyamal Ghosh, Chairman, DSCI, Dr. K. Ramakrishnan, CEO, IBA, distinguished speakers and panelists, IT and IT Security professionals, distinguished guests, ladies and gentlemen. 2. Information is at the heart of today’s business, and the all-pervasive impact of Information Technology in harnessing, collating and processing huge volumes of information is definitive.
Dr. K.C. Chakrabarty, Deputy Governor, Reserve Bank of India
Shri M. V. Nair, Chairman, IBA and CMD, Union Bank of India, Shri B. Sambamurthy, Director, IDRBT, Shri Shyamal Ghosh, Chairman, DSCI, Dr. K. Ramakrishnan, CEO, IBA, distinguished speakers and panelists, IT and IT Security professionals, distinguished guests, ladies and gentlemen. 2. Information is at the heart of today’s business, and the all-pervasive impact of Information Technology in harnessing, collating and processing huge volumes of information is definitive.
ਅਪ੍ਰੈ 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
ਅਪ੍ਰੈ 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
ਅਪ੍ਰੈ 06, 2010
V K Sharma: Launch of the Financial Literacy Project in Karnataka
1. On this momentous occasion of the launching of the project on Financial Literacy in Karnataka, it is my honour and privilege to extend a very warm and hearty welcome to Respected Dr Subbarao, Governor, Reserve Bank of India. I also extend a hearty welcome to Shri S. V. Ranganath, Chief Secretary, Govt. of Karnataka, Smt. Shyamala Gopinath, Smt. Usha Thorat, Dr. K. C. Chakrabarty and Dr. Subir Gokarn, Deputy Governors, RBI, Principal Secretaries of the Govt. of Karn
Shri V.K. Sharma, Executive Director, Reserve Bank of India
1. On this momentous occasion of the launching of the project on Financial Literacy in Karnataka, it is my honour and privilege to extend a very warm and hearty welcome to Respected Dr Subbarao, Governor, Reserve Bank of India. I also extend a hearty welcome to Shri S. V. Ranganath, Chief Secretary, Govt. of Karnataka, Smt. Shyamala Gopinath, Smt. Usha Thorat, Dr. K. C. Chakrabarty and Dr. Subir Gokarn, Deputy Governors, RBI, Principal Secretaries of the Govt. of Karn
ਅਪ੍ਰੈ 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
ਅਪ੍ਰੈ 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
ਅਪ੍ਰੈ 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
ਅਪ੍ਰੈ 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
ਅਪ੍ਰੈ 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
ਮਾਰਚ 22, 2010
Joint Function of RBI and Government of Karnataka on Financial Literacy Project in Karnataka Bangalore: March 22, 2010
Respected Chief Secretary, Government of Karnataka Shri S.V. Ranganath and friends, I am delighted to be present here at this function organized jointly by the Government of Karnataka and the Reserve Bank of India. Over the last one year we have done a number of functions across the country as part of RBIs platinum jubilee celebrations. This function this afternoon here in Bangalore is easily one of the most exhilarating functions. It was particularly heart warming to
Dr. D. Subbarao, Governor, Reserve Bank of India
Respected Chief Secretary, Government of Karnataka Shri S.V. Ranganath and friends, I am delighted to be present here at this function organized jointly by the Government of Karnataka and the Reserve Bank of India. Over the last one year we have done a number of functions across the country as part of RBIs platinum jubilee celebrations. This function this afternoon here in Bangalore is easily one of the most exhilarating functions. It was particularly heart warming to
ਮਾਰਚ 22, 2010
Some Issues in Currency Management
It is my pleasure and privilege to participate in this function for laying the foundation stone for the Bank Note Paper Mill. A special and hearty welcome to the Hon’ble Finance Minister, Shri Pranab Mukherjee, but for whose active support, the launch of this vital and prestigious project would not have been possible. 2. I want to use this opportunity to speak on this occasion to highlight the significance of paper currency, touch on the history of production of curre
Dr. D. Subbarao, Governor, Reserve Bank of India
It is my pleasure and privilege to participate in this function for laying the foundation stone for the Bank Note Paper Mill. A special and hearty welcome to the Hon’ble Finance Minister, Shri Pranab Mukherjee, but for whose active support, the launch of this vital and prestigious project would not have been possible. 2. I want to use this opportunity to speak on this occasion to highlight the significance of paper currency, touch on the history of production of curre
ਮਾਰਚ 22, 2010
Speech of Finance Minister Foundation Laying Ceremony for Security Paper Mill at Mysore, Karnataka on March 22, 2010
Dr. Subbarao, Governor, RBI; Mrs Thorat, Deputy Governor, RBI; Members of the Board of Bharatiya Reserve Bank Note Mudran Pvt. Ltd. (BRBNMPL) and the Security Printing and Minting Corporation of India Ltd. (SPMCIL); Friends, ladies and gentlemen 2. It gives me immense pleasure to be here today, in this historic city of Mysore, on the occasion of laying the foundation stone for the project for establishing a state-of-the art currency notepaper production facility. I co
Shri Pranab Mukherjee, Hon’ble Finance Minister
Dr. Subbarao, Governor, RBI; Mrs Thorat, Deputy Governor, RBI; Members of the Board of Bharatiya Reserve Bank Note Mudran Pvt. Ltd. (BRBNMPL) and the Security Printing and Minting Corporation of India Ltd. (SPMCIL); Friends, ladies and gentlemen 2. It gives me immense pleasure to be here today, in this historic city of Mysore, on the occasion of laying the foundation stone for the project for establishing a state-of-the art currency notepaper production facility. I co
ਮਾਰਚ 22, 2010
RBI-OECD Workshop Delivering Financial Literacy: Challenges, Strategies and Instruments
Mr. Pranab Mukherjee, Hon'ble Finance Minister, Government of India, Dr. D Subba Rao, Governor, Reserve Bank of India, Mr. Richard A. Boucher, OECD Deputy Secretary General, Mr. Andre Laboul, Head, OECD Financial Affairs Division and Chair, International Network on Financial Education (INFE), Ms. Flore-Anne Messy, Principal Administrator, OECD, Distinguished Guests and Workshop Participants from all over the globe, Ladies and Gentlemen 2. A very warm welcome to you al
Dr. K.C. Chakrabarty, Deputy Governor, Reserve Bank of India
Mr. Pranab Mukherjee, Hon'ble Finance Minister, Government of India, Dr. D Subba Rao, Governor, Reserve Bank of India, Mr. Richard A. Boucher, OECD Deputy Secretary General, Mr. Andre Laboul, Head, OECD Financial Affairs Division and Chair, International Network on Financial Education (INFE), Ms. Flore-Anne Messy, Principal Administrator, OECD, Distinguished Guests and Workshop Participants from all over the globe, Ladies and Gentlemen 2. A very warm welcome to you al
ਮਾਰਚ 22, 2010
Welcome address of Shri V.K.Sharma, Executive Director, RBI for the events held on March 22, 2010
On this momentous occasion of the launching of the project on Financial Literacy in Karnataka, it is my honour and privilege to extend a very warm and hearty welcome to Respected Dr Subbarao, Governor, Reserve Bank of India. I also extend a hearty welcome to Shri S. V. Ranganath, Chief Secretary, Govt. of Karnataka, Smt. Shyamala Gopinath, Smt.Usha Thorat, Dr.K.C.Chakrabarty and Dr. Subir Gokarn, Deputy Governors, RBI, Principal Secretaries of the Govt. of Karnataka.
Shri V.K. Sharma, Executive Director, Reserve Bank of India
On this momentous occasion of the launching of the project on Financial Literacy in Karnataka, it is my honour and privilege to extend a very warm and hearty welcome to Respected Dr Subbarao, Governor, Reserve Bank of India. I also extend a hearty welcome to Shri S. V. Ranganath, Chief Secretary, Govt. of Karnataka, Smt. Shyamala Gopinath, Smt.Usha Thorat, Dr.K.C.Chakrabarty and Dr. Subir Gokarn, Deputy Governors, RBI, Principal Secretaries of the Govt. of Karnataka.
ਮਾਰਚ 22, 2010
Financial Education: Worthy and Worthwhile
Mr. Pranab Mukherjee, Hon’ble Finance Minister of India, Ambassador Richard Boucher, Deputy Secretary General, OECD, Dr. K.C. Chakrabarty, Deputy Governor, Reserve Bank of India, Mr. V.K. Sharma, Executive Director, Reserve Bank of India, Distinguished Guests and my colleagues from the Reserve Bank First of all, I want to say that the Reserve Bank of India attaches immense value to this workshop on "Financial Literacy". The year 2009/10 marks the Platinum Jubilee of t
Dr. D. Subbarao, Governor, Reserve Bank of India
Mr. Pranab Mukherjee, Hon’ble Finance Minister of India, Ambassador Richard Boucher, Deputy Secretary General, OECD, Dr. K.C. Chakrabarty, Deputy Governor, Reserve Bank of India, Mr. V.K. Sharma, Executive Director, Reserve Bank of India, Distinguished Guests and my colleagues from the Reserve Bank First of all, I want to say that the Reserve Bank of India attaches immense value to this workshop on "Financial Literacy". The year 2009/10 marks the Platinum Jubilee of t
ਮਾਰਚ 22, 2010
RBI-OECD Workshop on Financial Literacy at Bangalore on March 22-23, 2010 : Speech delivered by Shri Pranab Mukherjee, Hon’ble FM
Dr. D. Subbarao, Governor, Reserve Bank of India, Ambassador Richard A. Boucher, Deputy Secretary General of the Organization for Economic Co-operation and Development, ladies and gentlemen 2. It gives me great pleasure to be here to inaugurate this Workshop on Delivering Financial Literacy being co-hosted by the RBI and the OECD. I must compliment the Reserve Bank of India for thinking of hosting such a learning event as a key component of its ongoing Platinum Jubile
Shri Pranab Mukherjee, Hon’ble Finance Minister
Dr. D. Subbarao, Governor, Reserve Bank of India, Ambassador Richard A. Boucher, Deputy Secretary General of the Organization for Economic Co-operation and Development, ladies and gentlemen 2. It gives me great pleasure to be here to inaugurate this Workshop on Delivering Financial Literacy being co-hosted by the RBI and the OECD. I must compliment the Reserve Bank of India for thinking of hosting such a learning event as a key component of its ongoing Platinum Jubile
ਮਾਰਚ 22, 2010
Vote of Thanks Speech by Shri V. K. Sharma, Executive Director
Respected Mr. Pranab Mukherjee, Hon’ble Finance Minister of India, Dr. Subbarao, Governor, Reserve Bank of India, Ambassador Richard Boucher, Deputy Secretary General, OECD, Mrs. Shyamala Gopinath, Mrs. Usha Thorat, Dr. K.C.Chakrabarty and Dr. Subir Gokarn, Deputy Governors, Reserve Bank of India, Mr. S.V. Ranganath, Chief Secretary to the Govt. Of Karnataka, Mr. Hans-Helmut Kotz, Member of Deutsche Bundesbank Executive Board and Chair of OECD Committee on Financial M
Shri V.K. Sharma, Executive Director, Reserve Bank of India
Respected Mr. Pranab Mukherjee, Hon’ble Finance Minister of India, Dr. Subbarao, Governor, Reserve Bank of India, Ambassador Richard Boucher, Deputy Secretary General, OECD, Mrs. Shyamala Gopinath, Mrs. Usha Thorat, Dr. K.C.Chakrabarty and Dr. Subir Gokarn, Deputy Governors, Reserve Bank of India, Mr. S.V. Ranganath, Chief Secretary to the Govt. Of Karnataka, Mr. Hans-Helmut Kotz, Member of Deutsche Bundesbank Executive Board and Chair of OECD Committee on Financial M
ਮਾਰਚ 22, 2010
Banknote Paper Mill at Mysore
Hon’ble Finance Minister, Shri Pranab Mukherjee, Governor. RBI, Dr. Subba Rao, Members of Parliament, Shri A. H. Viswanath and Shri Dhruv Narayana, Members of Karnataka Legislative Assembly, Mayor of Mysore Shri Purushotham, Directors on the Boards of BRBNMPL and SPMCIL, distinguished guests and staff of the BRBNMPL - a very warm welcome to all of you to this traditional city of Mysore. 2. It is my proud privilege to welcome this distinguished gathering on this occasi
Smt. Usha Thorat, Deputy Governor, Reserve Bank of India
Hon’ble Finance Minister, Shri Pranab Mukherjee, Governor. RBI, Dr. Subba Rao, Members of Parliament, Shri A. H. Viswanath and Shri Dhruv Narayana, Members of Karnataka Legislative Assembly, Mayor of Mysore Shri Purushotham, Directors on the Boards of BRBNMPL and SPMCIL, distinguished guests and staff of the BRBNMPL - a very warm welcome to all of you to this traditional city of Mysore. 2. It is my proud privilege to welcome this distinguished gathering on this occasi
ਮਾਰਚ 15, 2010
Implementation of Monetary Policy in India
I thank the Bankers Club, Bhubaneswar for providing me this opportunity to speak to you this evening. How does the Reserve Bank of India implement monetary policy? This is the question I would like to address. But before doing that I will briefly touch upon the objectives and framework of monetary policy, as they have evolved, to set the context for discussion on operational aspects of monetary policy. I will conclude with a discussion on the process of monetary polic
Shri Deepak Mohanty, Executive Director, Reserve Bank of India
I thank the Bankers Club, Bhubaneswar for providing me this opportunity to speak to you this evening. How does the Reserve Bank of India implement monetary policy? This is the question I would like to address. But before doing that I will briefly touch upon the objectives and framework of monetary policy, as they have evolved, to set the context for discussion on operational aspects of monetary policy. I will conclude with a discussion on the process of monetary polic
ਮਾਰਚ 04, 2010
Indian Perspective on Banking Regulation
1. I am delighted to participate in this Conference on ‘Financial Sector Regulation and Reform in Asian Emerging Markets’ jointly organised by the Asian Development Bank Institute, the International Center for Financial Regulation, the UK Foreign and Commonwealth Office and the Brookings Institution. In the session that just concluded, we heard about financial sector developments in emerging markets. In this session, I will like to present the Indian perspective on ba
Smt. Usha Thorat, Deputy Governor, Reserve Bank of India
1. I am delighted to participate in this Conference on ‘Financial Sector Regulation and Reform in Asian Emerging Markets’ jointly organised by the Asian Development Bank Institute, the International Center for Financial Regulation, the UK Foreign and Commonwealth Office and the Brookings Institution. In the session that just concluded, we heard about financial sector developments in emerging markets. In this session, I will like to present the Indian perspective on ba
ਮਾਰਚ 04, 2010
Inflation Dynamics in India: Issues and Concerns
I thank the Bombay Chamber of Commerce and Industry for giving me this opportunity to speak on inflation which is of immediate concern for our economy. I will begin with the trends in inflation, then briefly touch upon the costs of inflation, followed by an analysis of current inflation dynamics. I will conclude by flagging the areas of policy concern. Trends in Inflation There are expectations that the high levels of slack in resource utilisation and stable inflation
Shri Deepak Mohanty, Executive Director, Reserve Bank of India
I thank the Bombay Chamber of Commerce and Industry for giving me this opportunity to speak on inflation which is of immediate concern for our economy. I will begin with the trends in inflation, then briefly touch upon the costs of inflation, followed by an analysis of current inflation dynamics. I will conclude by flagging the areas of policy concern. Trends in Inflation There are expectations that the high levels of slack in resource utilisation and stable inflation
ਮਾਰਚ 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
ਮਾਰਚ 02, 2010
Monetary Policy Framework in India: Experience with Multiple-Indicators Approach
I am honoured to deliver the 2nd Professor Baidyanath Mishra Lecture. Prof. Mishra is a multi-faceted personality: an economist, an educationist and an institution-builder. Above all, he is a great teacher who inspired generations of students. I thank the Orissa Economic Association for giving me this opportunity. 2. I will set out how the framework of monetary policy has evolved over the last two and half decades. First, I will touch upon the objectives of monetary p
Shri Deepak Mohanty, Executive Director, Reserve Bank of India
I am honoured to deliver the 2nd Professor Baidyanath Mishra Lecture. Prof. Mishra is a multi-faceted personality: an economist, an educationist and an institution-builder. Above all, he is a great teacher who inspired generations of students. I thank the Orissa Economic Association for giving me this opportunity. 2. I will set out how the framework of monetary policy has evolved over the last two and half decades. First, I will touch upon the objectives of monetary p
ਫ਼ਰ 24, 2010
Welcome Remarks by Dr. D. Subbarao, Governor, Reserve Bank of India at the L. K. Jha Memorial Lecture
On behalf of the Reserve Bank of India, I have great pleasure in welcoming Prof. John Brian Taylor who will shortly be delivering the L. K. Jha Memorial Lecture. We are very happy to welcome also Ms. Raye Allyn Taylor who has accompanied Prof. Taylor. I also want to acknowledge the family members of late Dr. L.K. Jha - Smt. Dipika Maharaj Singh, Smt. and Shri. Aditya Maharaj Singh, Trisha Maharaj Singh. Many thanks to all of you for rejoining the RBI family. And of co
Dr. D. Subbarao, Governor, Reserve Bank of India
On behalf of the Reserve Bank of India, I have great pleasure in welcoming Prof. John Brian Taylor who will shortly be delivering the L. K. Jha Memorial Lecture. We are very happy to welcome also Ms. Raye Allyn Taylor who has accompanied Prof. Taylor. I also want to acknowledge the family members of late Dr. L.K. Jha - Smt. Dipika Maharaj Singh, Smt. and Shri. Aditya Maharaj Singh, Trisha Maharaj Singh. Many thanks to all of you for rejoining the RBI family. And of co
ਫ਼ਰ 24, 2010
Lessons from the Financial Crisis for Monetary Policy in Emerging Markets
I am honored to give this lecture in memory of L.K. Jha. It is a particular privilege to deliver it at this Platinum Jubilee celebration of the Reserve Bank of India. L. K. Jha was a truly outstanding economist and public servant, with experience at all levels of government. He rose up through the Indian Civil Service to become the Principal Secretary to the Prime Minister, after which he became Governor of the Reserve Bank of India, and then Ambassador to the United
Prof. John Brian Taylor, Guest Speaker
I am honored to give this lecture in memory of L.K. Jha. It is a particular privilege to deliver it at this Platinum Jubilee celebration of the Reserve Bank of India. L. K. Jha was a truly outstanding economist and public servant, with experience at all levels of government. He rose up through the Indian Civil Service to become the Principal Secretary to the Prime Minister, after which he became Governor of the Reserve Bank of India, and then Ambassador to the United
ਫ਼ਰ 15, 2010
Welcome remarks by Dr. D. Subbarao, Governor, Reserve Bank of India at the Fourteenth C. D. Deshmukh Memorial Lecture on February 15, 2010 at Mumbai
On behalf of Reserve Bank of India, I have great pleasure in welcoming Lord Turner, Chairman of the Financial Services Authority of the UK, who will shortly be delivering the C.D. Deshmukh Memorial Lecture. I also want to specially acknowledge the family members of late Sir C.D. Deshmukh – Smt. and Shri Atul Deshmukh, Shri Ashish Deshmukh and Smt. and Shri Chitnis - who are here with us today. Thank you very much to all of you for rejoining the RBI family today. And,
Dr. D. Subbarao, Governor, Reserve Bank of India
On behalf of Reserve Bank of India, I have great pleasure in welcoming Lord Turner, Chairman of the Financial Services Authority of the UK, who will shortly be delivering the C.D. Deshmukh Memorial Lecture. I also want to specially acknowledge the family members of late Sir C.D. Deshmukh – Smt. and Shri Atul Deshmukh, Shri Ashish Deshmukh and Smt. and Shri Chitnis - who are here with us today. Thank you very much to all of you for rejoining the RBI family today. And,
ਫ਼ਰ 15, 2010
“After the Crises: Assessing the Costs and Benefits of Financial Liberalisation”
Mr Governor, ladies and gentlemen, it is a great honour to have been invited to give the 14th Chintaman Deshmukh memorial lecture, and a great pleasure to be with you here in Mumbai. The Reserve Bank of India has a high reputation as a centre of thoughtful analysis of the important issues of financial stability and optimal policy which concern policy makers throughout the world, and a high reputation for having helped steer India through the recent financial turmoil.
Lord Adair Turner, Chairman, Financial Services Authority, United Kingdom
Mr Governor, ladies and gentlemen, it is a great honour to have been invited to give the 14th Chintaman Deshmukh memorial lecture, and a great pleasure to be with you here in Mumbai. The Reserve Bank of India has a high reputation as a centre of thoughtful analysis of the important issues of financial stability and optimal policy which concern policy makers throughout the world, and a high reputation for having helped steer India through the recent financial turmoil.
ਫ਼ਰ 12, 2010
Challenges for Central Banks in the Context of the Crisis
Central banks and central bankers have been at the heart of the global financial crisis. We have been blamed for policies and actions that got the world into the crisis; we are also being praised for leading from the front in getting the world out of the crisis. I believe this is fair critique - central banks have been a part of the problem and a part of the solution. 2. As we emerge out of the crisis, central banks have their task cut out for them: to distil the less
Dr. D. Subbarao, Governor, Reserve Bank of India
Central banks and central bankers have been at the heart of the global financial crisis. We have been blamed for policies and actions that got the world into the crisis; we are also being praised for leading from the front in getting the world out of the crisis. I believe this is fair critique - central banks have been a part of the problem and a part of the solution. 2. As we emerge out of the crisis, central banks have their task cut out for them: to distil the less
ਫ਼ਰ 12, 2010
First International Research Conference - Transcript of day 2 (edited)
Panel Discussion 1 Panel Discussion 2 Transcript of First International Research Conference Challenges to Central Banking in the Context of Financial Crisis Governor’s Panel Discussion on International Monetary System Mumbai February 13, 2010 Chair: Martin Wolf, Associate Editor and Chief Economics Commentator Financial Times, London Panelists: Christian Noyer, Governor, Bank of France. Glenn Robert Stevens, Governor, Reserve Bank of Australia. Duvvuri Subbarao, Gover
Dr. D. Subbarao, Governor, Reserve Bank of India
Panel Discussion 1 Panel Discussion 2 Transcript of First International Research Conference Challenges to Central Banking in the Context of Financial Crisis Governor’s Panel Discussion on International Monetary System Mumbai February 13, 2010 Chair: Martin Wolf, Associate Editor and Chief Economics Commentator Financial Times, London Panelists: Christian Noyer, Governor, Bank of France. Glenn Robert Stevens, Governor, Reserve Bank of Australia. Duvvuri Subbarao, Gover
ਫ਼ਰ 12, 2010
First International Research Conference : Presentations by speakers
February 12, 2010 Andrew Michael Spence - Challenges to Central Banking in the Context of Financial Crisis (earlier unedited transcript replaced with the edited version) Dr. D. Subbarao - Challenges to Central Banks Irma Rosenberg - The Impossible Trinity John C Williams - Two Cheers for Bagehot Jorgen Elmeskov - Credit Freeze, Dysfunctional Markets Krishna Srinivasan - Crisis & Implications Lars E. O. Svensson - Inflation Targeting Stephen Cecchetti - Future of P
Andrew Michael Spence, Guest Speaker
February 12, 2010 Andrew Michael Spence - Challenges to Central Banking in the Context of Financial Crisis (earlier unedited transcript replaced with the edited version) Dr. D. Subbarao - Challenges to Central Banks Irma Rosenberg - The Impossible Trinity John C Williams - Two Cheers for Bagehot Jorgen Elmeskov - Credit Freeze, Dysfunctional Markets Krishna Srinivasan - Crisis & Implications Lars E. O. Svensson - Inflation Targeting Stephen Cecchetti - Future of P
ਫ਼ਰ 12, 2010
Challenges to Central Banking in the Context of Financial Crisis
1. Professor Michael Spence, Governor Dr. Subbarao, Deputy Governors, distinguished invitees and friends. On behalf of the Reserve Bank of India, I extend a hearty welcome to you all to our First International Research Conference in this great city of Mumbai. 2. Mumbai, a fishing hamlet was gifted in dowry by Portugal to England, and later leased to the East India Company for £10. Today you can’t get even a square inch of land in Mumbai for that price. Mumbai has move
Shri Deepak Mohanty, Executive Director, Reserve Bank of India
1. Professor Michael Spence, Governor Dr. Subbarao, Deputy Governors, distinguished invitees and friends. On behalf of the Reserve Bank of India, I extend a hearty welcome to you all to our First International Research Conference in this great city of Mumbai. 2. Mumbai, a fishing hamlet was gifted in dowry by Portugal to England, and later leased to the East India Company for £10. Today you can’t get even a square inch of land in Mumbai for that price. Mumbai has move
ਫ਼ਰ 09, 2010
The Global Financial Crisis: Genesis, Impact and Lessons
Respected Dr. Reddy, Prof. T.N.Srinivasan, Prof. S. D. Tendulkar, Prof. T. Krishnakumar, distinguished invitees and friends. I thank the C.R.Rao Advanced Institute of Mathematics, Statistics and Computer Sciences and the University of Hyderabad for giving this opportunity to share my thoughts on the global financial crisis. I am humbled speaking on this subject in the presence of Dr. Reddy, the distinguished former Governor of the Reserve Bank of India, who is widely
Shri Deepak Mohanty, Executive Director, Reserve Bank of India
Respected Dr. Reddy, Prof. T.N.Srinivasan, Prof. S. D. Tendulkar, Prof. T. Krishnakumar, distinguished invitees and friends. I thank the C.R.Rao Advanced Institute of Mathematics, Statistics and Computer Sciences and the University of Hyderabad for giving this opportunity to share my thoughts on the global financial crisis. I am humbled speaking on this subject in the presence of Dr. Reddy, the distinguished former Governor of the Reserve Bank of India, who is widely
ਫ਼ਰ 05, 2010
Infrastructure Finance: Experiences and the Road Ahead
Respected Dr Rangarajan, Chairman of the Economic Advisory Council of PM, Padma Vibhushan Dr Y V Reddy, Prof (Dr) Suresh C Ghai, President, BMA, Shri G Pinto, Executive Director, BMA, distinguished guests and representatives from the print and electronic media. 1. Getting an award is always an exciting and motivating event particularly when you are getting it in the presence of the doyens or giants of the sector like Dr Rangarajan and Padma Vibhushan Dr Y V Reddy. I a
Dr. Subir Gokarn, Deputy Governor, Reserve Bank of India
Respected Dr Rangarajan, Chairman of the Economic Advisory Council of PM, Padma Vibhushan Dr Y V Reddy, Prof (Dr) Suresh C Ghai, President, BMA, Shri G Pinto, Executive Director, BMA, distinguished guests and representatives from the print and electronic media. 1. Getting an award is always an exciting and motivating event particularly when you are getting it in the presence of the doyens or giants of the sector like Dr Rangarajan and Padma Vibhushan Dr Y V Reddy. I a
ਫ਼ਰ 03, 2010
V K Sharma: Affordable Housing and Housing Finance
1. Mr. Abdul Qadeer Fitrat, Governor, Central Bank of Afghanistan, Mr. Arun Maira, Member, Planning Commission, Mr. R. Gopalan, Secretary, Department of Financial Services, Mrs. Kiran Dhingra, Secretary, Ministry of Housing and Urban Poverty Alleviation, Mr. Kamran Shehzad, Deputy Governor, State Bank of Pakistan, Mr. S. Sridhar, Chairman and Managing Director, National Housing Bank, Mr. Paolo Martelli, Director, South Asia, International Finance Corporation, Mr. R.V.
Shri V.K. Sharma, Executive Director, Reserve Bank of India
1. Mr. Abdul Qadeer Fitrat, Governor, Central Bank of Afghanistan, Mr. Arun Maira, Member, Planning Commission, Mr. R. Gopalan, Secretary, Department of Financial Services, Mrs. Kiran Dhingra, Secretary, Ministry of Housing and Urban Poverty Alleviation, Mr. Kamran Shehzad, Deputy Governor, State Bank of Pakistan, Mr. S. Sridhar, Chairman and Managing Director, National Housing Bank, Mr. Paolo Martelli, Director, South Asia, International Finance Corporation, Mr. R.V.
ਜਨ 19, 2010
Financial Development and Deposit Insurance: Some Linkages
Introduction Governor, Reserve Bank of India, Dr. D. Subbarao; Deputy Governor, Reserve Bank of India, Ms. Usha Thorat; President, IADI and Vice-Chairman, FDIC, Mr. Martin Gruenberg; Chairman, ARC and Deputy Governor, DICJ, Mr. Mutsuo Hatano;CEO of the Deposit Insurance and Credit Guarantee Corporation Mr. H. N. Prasad; Distinguished Participants; Let me add my own words of welcome to all the participants in this very important event. In his opening address, Governor
Dr. Subir Gokarn, Deputy Governor, Reserve Bank of India
Introduction Governor, Reserve Bank of India, Dr. D. Subbarao; Deputy Governor, Reserve Bank of India, Ms. Usha Thorat; President, IADI and Vice-Chairman, FDIC, Mr. Martin Gruenberg; Chairman, ARC and Deputy Governor, DICJ, Mr. Mutsuo Hatano;CEO of the Deposit Insurance and Credit Guarantee Corporation Mr. H. N. Prasad; Distinguished Participants; Let me add my own words of welcome to all the participants in this very important event. In his opening address, Governor
ਜਨ 18, 2010
International Conference Funding of Deposit Insurance Systems Hosted by DICGC
At the outset, on behalf of the Reserve Bank of India, I welcome you all to India and to this wonderful state of Goa. My thanks also to the Asia Regional Committee (ARC) of the International Association of Deposit Insurers (IADI) for giving an opportunity to the Deposit Insurance and Credit Guarantee Corporation (DICGC) to host this Conference. This event is particularly important for us because it is being hosted as a part of the Platinum Jubilee celebrations of the
Dr. D. Subbarao, Governor, Reserve Bank of India
At the outset, on behalf of the Reserve Bank of India, I welcome you all to India and to this wonderful state of Goa. My thanks also to the Asia Regional Committee (ARC) of the International Association of Deposit Insurers (IADI) for giving an opportunity to the Deposit Insurance and Credit Guarantee Corporation (DICGC) to host this Conference. This event is particularly important for us because it is being hosted as a part of the Platinum Jubilee celebrations of the
ਜਨ 18, 2010
Funding of Deposit Insurance Systems
Ladies and Gentlemen It gives me great pleasure to be in the midst of the deposit insurers of the world. I have had the pleasure of meeting many of you at conferences in the past and I am delighted to see you again at Goa – a favourite tourist destination in India, famous for its beaches, churches and cuisine. I hope you find the time to enjoy what Goa has to offer in addition to conferring on the very relevant subject of “Funding Deposit Insurance System”. 2. The the
Smt. Usha Thorat, Deputy Governor, Reserve Bank of India
Ladies and Gentlemen It gives me great pleasure to be in the midst of the deposit insurers of the world. I have had the pleasure of meeting many of you at conferences in the past and I am delighted to see you again at Goa – a favourite tourist destination in India, famous for its beaches, churches and cuisine. I hope you find the time to enjoy what Goa has to offer in addition to conferring on the very relevant subject of “Funding Deposit Insurance System”. 2. The the
ਜਨ 16, 2010
Commemorative Stamp Release by the President Governor’s Welcome Address
On behalf of the Reserve Bank of India, it is my pleasure and privilege to welcome Your Excellency, the Hon’ble President of India for the release of the Commemorative Stamp marking the Reserve Bank’s Platinum Jubilee. This occasion, Your Excellency, is truly special. This is the first time the First Citizen of the country has graced the New Delhi office of the Reserve Bank which has the honour and distinction of having been inaugurated by our first Prime Minister, Pa
Dr. D. Subbarao, Governor, Reserve Bank of India
On behalf of the Reserve Bank of India, it is my pleasure and privilege to welcome Your Excellency, the Hon’ble President of India for the release of the Commemorative Stamp marking the Reserve Bank’s Platinum Jubilee. This occasion, Your Excellency, is truly special. This is the first time the First Citizen of the country has graced the New Delhi office of the Reserve Bank which has the honour and distinction of having been inaugurated by our first Prime Minister, Pa
ਜਨ 16, 2010
Speech by Her Excellency the President of India, Shrimati Pratibha Devisingh Patil, at the Platinum Jubilee Celebrations and Release of Postage Stamp on the Reserve Bank of India on 16th January, 2010 at New Delhi
Ladies and Gentlemen, I am happy to be participating at this function to mark the Platinum Jubilee of the Reserve Bank of India and to release its Commemorative Stamp. I convey my greetings to its Governor, the Directors and the staff. The Reserve Bank of India has been a part of the country’s economic journey. It has stood at the centre of India’s financial system. From ensuring stability of interest and exchange rates to providing liquidity; from ensuring bank penet
Shrimati Pratibha Devisingh Patil, THE HON’BLE PRESIDENT OF INDIA
Ladies and Gentlemen, I am happy to be participating at this function to mark the Platinum Jubilee of the Reserve Bank of India and to release its Commemorative Stamp. I convey my greetings to its Governor, the Directors and the staff. The Reserve Bank of India has been a part of the country’s economic journey. It has stood at the centre of India’s financial system. From ensuring stability of interest and exchange rates to providing liquidity; from ensuring bank penet
ਜਨ 16, 2010
Speech by Shri Namo Narain Meena, Hon’ble Minister of State for Banking and Insurance on the release of RBI Commemorative Stamp on 16.01.2010 at New Delhi (As prepared for Delivery)
Your Excellency Hon’ble President of India, Shri Mukherjee, Hon’ble Finance Minister, Shri Kamat, Hon’ble Minister for Communication, Dr. Subbarao, Governor, RBI, distinguished guests, friends from media, ladies and gentlemen. It is a great pleasure being here today on this momentous occasion of release of Postage Stamp commemorating the Platinum Jubilee year of the Reserve Bank of India. For me, this occasion is especially significant as we at the Ministry of Finance
Shri Namo Narain Meena, Hon’ble Minister of State for Banking and Insurance
Your Excellency Hon’ble President of India, Shri Mukherjee, Hon’ble Finance Minister, Shri Kamat, Hon’ble Minister for Communication, Dr. Subbarao, Governor, RBI, distinguished guests, friends from media, ladies and gentlemen. It is a great pleasure being here today on this momentous occasion of release of Postage Stamp commemorating the Platinum Jubilee year of the Reserve Bank of India. For me, this occasion is especially significant as we at the Ministry of Finance
ਜਨ 16, 2010
Speech by Shri Gurudas Kamat, Hon’ble Minister of State for Information and Communication Technology on the release of Postage Stamp on Reserve Bank of India on 16.01.2010 at New Delhi (As prepared for Delivery)
Her Excellency the President of India, Smt.Pratibha Devisingh Patil, Hon’ble Union Finance Minister, Shri Pranab Mukherjee, Hon’ble Minister of State for Banking and Insurance, Shri Namo Narain Meena Governor, Reserve Bank of India, Dr D. Subba Rao Distinguished guests, Today we have gathered to celebrate the Platinum Jubilee Year of the Reserve Bank of India with the release of a commemorative postage stamp by Her Excellency, the President of India. It is my pleasure
Shri Gurudas Kamat, Hon’ble Minister of State for Information and Communication Technology
Her Excellency the President of India, Smt.Pratibha Devisingh Patil, Hon’ble Union Finance Minister, Shri Pranab Mukherjee, Hon’ble Minister of State for Banking and Insurance, Shri Namo Narain Meena Governor, Reserve Bank of India, Dr D. Subba Rao Distinguished guests, Today we have gathered to celebrate the Platinum Jubilee Year of the Reserve Bank of India with the release of a commemorative postage stamp by Her Excellency, the President of India. It is my pleasure
ਜਨ 16, 2010
Speech by Shri Pranab Mukherjee, Hon’ble Finance Minister on the release of RBI Commemorative Stamp on 16.01.2010 at New Delhi (As prepared for Delivery)
Your Excellency Hon’ble President of India, Shri Kamat, Hon’ble Minister for Communication, Shri Meena, Hon’ble Minister of State for Finance, Dr. Subbarao, Governor, RBI and friends, I am delighted to be here today in your midst on this occasion. 2. I congratulate all of you on the happy occasion of the celebration of the Platinum Jubilee of your institution. As many of you know, I have had a close association with RBI over the years. My interest in the central bank
Shri Pranab Mukherjee, Hon’ble Finance Minister
Your Excellency Hon’ble President of India, Shri Kamat, Hon’ble Minister for Communication, Shri Meena, Hon’ble Minister of State for Finance, Dr. Subbarao, Governor, RBI and friends, I am delighted to be here today in your midst on this occasion. 2. I congratulate all of you on the happy occasion of the celebration of the Platinum Jubilee of your institution. As many of you know, I have had a close association with RBI over the years. My interest in the central bank
ਜਨ 15, 2010
Book Release by the Prime Minister ‘Perspectives on Central Banking: Governors Speak’ 15 January 2010
The compendium of key speeches of RBI Governors, entitled ‘Perspectives on Central Banking: Governors Speak’ is the Reserve Bank of India’s Platinum Jubilee tribute to its past leaders. All of us in the Reserve Bank attach immense value to the fact that this book is being released today by the Hon’ble Prime Minister, Dr. Manmohan Singh, who was himself Governor of the Reserve Bank from 1982 to 1985. We are delighted that besides the Prime Minister, three former Govern
Dr. D. Subbarao, Governor, Reserve Bank of India
The compendium of key speeches of RBI Governors, entitled ‘Perspectives on Central Banking: Governors Speak’ is the Reserve Bank of India’s Platinum Jubilee tribute to its past leaders. All of us in the Reserve Bank attach immense value to the fact that this book is being released today by the Hon’ble Prime Minister, Dr. Manmohan Singh, who was himself Governor of the Reserve Bank from 1982 to 1985. We are delighted that besides the Prime Minister, three former Govern

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