Raghuram Rajan conferred central banker of the year award PDF Print E-mail
Written by JPNN   
Thursday, 22 January 2015 13:05

altJPNN| Mumbai| January 13, 2015| RBI Chief Raghuram Rajan has been named as the “governor of the year” in the Central Banking Awards for 2015 by a British magazine for “his deep understanding of the root causes of economic problems of the country combined with an impressive leadership style.” The British magazine Central Banking, announcing the name of Mr. Rajan as the ‘Governor of the Year’ said Tuesday, “Mr. Rajan’s disciplined and focussed approach in leading the Reserve Bank during his first year as Governor was remarkably impressive. This is the second award by the London-based magazine and will be presented in the British capital on March 12. “Although there is still much to do, his decisive policy actions based on robust analysis and deep understanding of the underlying causes has contributed significantly to changing perceptions about the strength of the Indian economy,” Central Banking Editor Christopher Jeffery said in a statement issued from London. It further noted Mr. Rajan, who was the chief economist of IMF and a well-known economist and author’s forthright observations about some of the less welcome developments in the global economic, financial and monetary system also represent an important voice for change. “His insights combined with his strong leadership skills make Mr. Rajan an inspirational figure in the central banking community,” Mr. Jeffery said, adding Mr. Rajan has enjoyed a trail-blazing first year as RBI governor. In accepting the award, Mr. Rajan said, “I am honoured to be named governor of the year by the magazine. This is a recognition of the part the Reserve Bank and its staff have been playing in bringing macroeconomic stability to our economy, in creating more competition and new growth opportunities in the banking and financial markets, as well as in expanding financial inclusion. “Of course, no central bank works alone. The important role played by the government in maintaining fiscal discipline, in initiating growth-friendly structural reforms and in launching ambitious new financial sector programmes such as rolling out bank accounts for all, has been critical to any success the economy has had, and is likely to have. “Moreover, all our collective efforts should be seen as work in progress — inflation has to be fully tamed, growth has to be brought back to potential and the banking system cleaned of distressed assets, even while we build the platform for the financial sector to support strong and sustainable growth. “But I am convinced we are moving in the right direction and believe developments will affirm this,” Mr. Rajan said. PTI

Share this post

Last Updated on Thursday, 22 January 2015 13:20
 

Slides

Slides of The Week


Spotlight

Spotlight

alt
President Pranab Mukherjee confers the Padma Vibhushan to Amitabh Bachchan, left, during a civil investiture ceremony at the Rashtrapati Bhawan, in New Delhi on 8-4-15. - AP Photo/ Manish Swarup
US President Barack Obama and first lady Michelle Obama fold their hands in Namaste gesture before their departure from Air Force Station Palam in New Delhi on 27-1-15. - PTI Photo/ Manvender Vashist
alt
British Prime Minister David Cameron with US actress Angelina Jolie, Special Envoy of the United Nations High Commissioner for Refugees, on the doorstep of Cameron's official residence at 10 Downing Street following their meeting in central London on June 11-6  - 2014:-AP/PTI
 

 

 

 
 
 
alt

Cartoon

Cartoon of The Week

JA slide show

Quote

Quote of the Week

To be trusted is a greater compliment than being loved.
George MacDonald

Share this post

Last Updated on Friday, 12 June 2015 09:50
 
 

JP Social Widgets

Tours & Travels Partner

Live Healthy!

  • 03.06.15 Health >> Health News

    The controversy around Nestle's Maggi noodles has caused panic throughout the nation and it doesn't look like it will die down any time soon.

    After the initial test results by Uttar Pradesh Department of Food and Drug Administration (FDA) showed harmful levels of monosodium glutamate (MSG) and lead in Maggi, various states across India and even Bangladesh conducted tests on Maggi to find out whether the food product is safe or not.

    The controversy around Maggi has led to tests being conducted across the country.

    The entire controversy began when the UP FDA last month asked Nestle India to withdraw a batch of Maggi noodles "which were manufactured in February 2014" after it found high levels of added MSG, a taste enhancer, in the noodles and lead beyond permissible limits.

     

    Share this post

    Read more...
  • 16.03.15 Health >> Health News

     

    altJPNN|Pakistani authorities have arrested hundreds of parents

    Share this post

    Read more...
  • 15.02.15 Health >> Health News

    altJPNN|Washington|Snacking on almonds instead of carbs could reduce belly fat and lower the risk of heart disease, a new study has claimed.

    Share this post

    Read more...
  • 09.02.15 Health >> Health News

    altJPNN|Scientists have found a “reset button” for our biological clock, paving the way for more

    Share this post

    Read more...

Published From

J B. Plaza, Residency Road,
Srinagar Kashmir - 190001. (India) Phone: Office + 91 0194 2459303

Email:- editorjehlumpost@gmail.com
editor@jehlumpost.com
editorjehlumpost@rediffmail.com

Legal Advisor:- Shabnam Gani Lone
(Advocate) Supreme Court of India 

 altalt

 


 

Kashmir Travel Portal

Kashmir Hotels

Hotels in Kashmir - Book Now!