Hopefully, the grey world of central banking in a nation hit by demonetisation, will lighten up with some of his notes soon.
'Today, bankers don't want to take risks as the good decisions taken by them were not protected.' 'There is risk involved in all decisions, like businessmen taking risks in their businesses.' 'A banker must have taken a decision when the economic condition was different, and you cannot question him on the basis of the present situation in hindsight.' 'Naturally, this has affected the morale of bankers.'
Several factors seem to have corrected in India in the past six months, says the president of New Development Bank.
Srei Infrastructure's vice-chairman -- and former Assocham president -- Sunil Kanoria discusses the Kanoria businesses and his impression of the Modi government with Ishita Ayan Dutt and Namrata Acharya.
The economy hasn't gathered even half the traction that some of us assumed it would just a year back.
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Privatising public sector companies would have encountered significant opposition from their managers as well as from strong unions.
In a recent lecture, RBI governor Raghuram Rajan dished out some frank advice -- don't get into 'jugaad', instead try for the long haul. Only that will sustain in the long-run.
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