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Feb 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
Jan 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
Jan 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
Jan 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
Jan 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
Jan 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
Jan 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
Jan 04, 2010
Financial Markets – Some Regulatory Issues and Recent Developments
1. It is my pleasure to be here today again, at the FIMMDA-PDAI annual conference as we enter into a new decade. The last decade in the Indian financial sector has been a forward continuum marked by significant developments. It was in 1999 that guidelines for interest rate swaps and forward rate agreements were first introduced. 1999 was also the year when FEMA was enacted and since then it has been a process of measured opening up of the capital account. That was als
Smt. Shyamala Gopinath, Deputy Governor, Reserve Bank of India
1. It is my pleasure to be here today again, at the FIMMDA-PDAI annual conference as we enter into a new decade. The last decade in the Indian financial sector has been a forward continuum marked by significant developments. It was in 1999 that guidelines for interest rate swaps and forward rate agreements were first introduced. 1999 was also the year when FEMA was enacted and since then it has been a process of measured opening up of the capital account. That was als
Dec 30, 2009
India's Economic Recovery : Drivers and Risks - Subir Gokarn, Deputy Governor
THE GLOBAL SCENARIO Global Growth: Modest signs of recovery (Growth in per cent) Jan-09 Apr-09 July-09 Aug-09 Oct-09 Global 2009 0.5 -1.3 -1.4 -1.3 -1.1 2010 3.0 1.9 2.5 2.9 3.1 Advanced Economies 2009 -2.0 -3.8 -3.8 -3.7 -3.4 2010 1.1 0.0 0.6 1.0 1.3 Emerging and Developing Economies 2009 3.3 1.6 1.5 1.5 1.7 2010 5.0 4.0 4.7 5.0 5.1 India 2009 5.1 4.5 5.4 5.3 5.4 2010 6.5 5.6 6.5 6.5 6.4 Source: International Monetary Fund. Global Inflation: Asymmetric patterns Y-o-Y
Dr. Subir Gokarn, Deputy Governor, Reserve Bank of India
THE GLOBAL SCENARIO Global Growth: Modest signs of recovery (Growth in per cent) Jan-09 Apr-09 July-09 Aug-09 Oct-09 Global 2009 0.5 -1.3 -1.4 -1.3 -1.1 2010 3.0 1.9 2.5 2.9 3.1 Advanced Economies 2009 -2.0 -3.8 -3.8 -3.7 -3.4 2010 1.1 0.0 0.6 1.0 1.3 Emerging and Developing Economies 2009 3.3 1.6 1.5 1.5 1.7 2010 5.0 4.0 4.7 5.0 5.1 India 2009 5.1 4.5 5.4 5.3 5.4 2010 6.5 5.6 6.5 6.5 6.4 Source: International Monetary Fund. Global Inflation: Asymmetric patterns Y-o-Y
Dec 29, 2009
Current Macroeconomic Developments in India
The Indian economy continues to be one of the fastest growing economies in the world, and the recovery from the slowdown in growth witnessed in the aftermath of the global crisis has been sharper than what was generally anticipated for the second quarter of 2009-10. The slowdown in growth from the average of 8.8 per cent during 2003-08 to 5.8 per cent in the second half of 2008-09 had necessitated clear prioritization of policy focus on management of recovery, which w
Smt. Shyamala Gopinath, Deputy Governor, Reserve Bank of India
The Indian economy continues to be one of the fastest growing economies in the world, and the recovery from the slowdown in growth witnessed in the aftermath of the global crisis has been sharper than what was generally anticipated for the second quarter of 2009-10. The slowdown in growth from the average of 8.8 per cent during 2003-08 to 5.8 per cent in the second half of 2008-09 had necessitated clear prioritization of policy focus on management of recovery, which w

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