Raghuram Rajan, former Governor of the Reserve Bank of India, joins The Final Round to discuss his new book ‘The Third Pillar: How Markets and the State leave the Community’
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I didn’t understand a thing
Because he just says a lot of articulate nothings.
Go watch Kardashians.
@ALI CLINCH TV why?
Good, Raghu!
Some interesting points there.
I really didn’t get what he was trying to say how we determine bank capital today for the entire world? In the first 3 minutes of the interview
Vidit Chaudhary he is talking about the capital adequacy ratio which is the amount of capital banks have to maintain with respect to risk weighted assets.. before 2008 economic crisis it was decided by central banks of the nations.. post 2008 banks have to follow Basel norms which restricts bank’s CAR to 8 per cent.. hence restricting it’s lending capacity
Prerna Gautam yeah I was eventually able to figure it. But thanks a lot. You can connect wit me on Twitter @vidit_chaudhary
In short, he is proposing for the bottoms up approach as far as the banking is concerned rather than a central (like rbi) or a global (basel norms) wherein, the aim is to have a regional centric unit as a norm as opposed to the distant unitary centre. And then, he gave a lil insight as to how the markets & State’s economic policy is not just breaking the manifold community ties&bonds but also keeping the very community out of its gambit.
That’s why you are an unemployed Engineer dreaming for bank SSC exams and HE is an economist
Yahoo finance on Google’s YouTube
That’s the benefit of ‘not having communism’.
🤯🤯
*One of the brightest minds in the world of world economics. Hats off to you, Dr. Rajan!*
@rational Dude Yeah bro. IMF does not know about International Monetary Fund. Chicago Booth University does not take Degrees and talent to hire. RBI is just a basic bank which does not know about Currency regulation and how to control the cash reserve in case there is too much money in the economy which dilutes the ruppee. And Raghuram Rajan is an illiterate.
@Jayanth Prasad
Actually FDI and new businesses are up sharply, record high numbers, fiscal deficit is low, inflation is low, mass manufacturing has started of electronics mobiles electronics for the first time in india.
And i had opposed BJP of old idiots like advani uma bharati etc for all my life. I only started supporting Modi due to his pro business ease of doing business and use of tech in governance and commonsense practical approach to things and he is a learner not stuck rigidly to ideology like some stupids are in religion or communism etc.
I am also a big supporter of demonetisation and going cashless. Lower taxes and ease of taxation is also major reason in support Modi. I will support any other leader who promises to do these things (ease of business, eGov, Online payments and cashless society, fast infrastructure instead of spending tax money on free handouts bhik and loan mafi bill mafi etc.
But you seem like a blind Modi hater, you do not want reforms so old corruption will continue in cash economy, cash is also used in elections by congress left lalu mulayam momota.
@Jayanth Prasad
Some fake econmists with fat saleraies are saying employment is down, They have started changed old method , now they are considering all 10th class pass as unemployed. LOL What clever liars .
Think, FDI is up sharply, (fdi means foreign cos are opening factories and businesses directly in india) , when previously there was no such electronics manufacturing in india. Many many mass manufacturing plants have opened in india. So employment can not be down and lowest in 45 years. That is just numbers on paper, while we can see the factories and the workers in them . Who is lying who is telling the truth? Do i believe my eyes or the numbers on papers claimed by corrupt congress bribed academics
@rational Dude that’s exactly what everyone called him when he said that financial crisis was going to occur in 2008. But he proved himself
@Varun No he proved he is a western puppet and a sell out. Economy is NOT too difficult a subject to understand, if you have moderate intellect and the will to be honest and go into the detains beyond the jargon.
And guessing on particular event is not at all proof of his being a genius . At any time many astrologers make guesses and one will get it right, that is how probability works. Wont mean he is a genius, or that astrology is not pure bullshit.
The problem with most common people is you guys like the drama (so the family soaps are popular). And the western led fake stream media has you for suckers.
My problem is this guy had his loyalties elsewhere, and not to the people of india. It was right to fire him then. But he is a babu economist, a pen pusher, and he can be hired in other ways, so as to make him shift his loyalties. Then he may even be an asset.
Mr. Modi lost him…he is best RBI governor.
@vishal vivek My critique was totally apolitical. He supported good plain and right economic when he was not RBI gov, then he got salaried by congress patronage, and towed their line of loan mafi and bill mafi. Modi is doing all the things that he had said before he came to india. So what made him change his positions so drastically?
Economists and journalists both are just slave to who ever pays their salaries. So are the ‘party spokespersons’ . We should be aware of that, and not give too much importance to the positions a economist holds in IMF or RBI or University jobs. Those are usually the first to follow orders of their masters
@bhauri
Exactly !
I also wonder what he would say or do if MODI employed him huh?
@rational Dude u said it. U missed d point how he coordinated with ex FM, now on bail in arranging and facilitate fraud and scam by Nirav after election result of 2014were already declared. The ratio of gold import fudged, no RBI audit for a long period in the PNB branch where scam took place.He is a good talker, fit to b in academic, but not as a head of central bank.
@Prabhu
If you are right, then he is a fraud and a criminal who misused his high position of public office. He should be investigated and put in jail if found guilty.
Maybe that is why he ran away , i am wondering!
@rational Dude he did not ran. He waited for his reappointment for the second term. But New Delhi did considered him as a candidate. So he left the country.
He is atleast 15yrs ahead of his time…We are yet to fully understand his points and their impacts…
Actually he is in the stone age, He wants people to forget onlining of retail and get things from community . He is a huge IDIOT !
@rational Dude That’s understandable… History is laced with such examples where nonconformist have been ridiculed…
@Sanjeev Singh Raghu is not a nonconformist by far. He speaks for the main stream , in fact he conforms to the agenda of the elite old powers like congress party in india and deep state in USA and UK, France. He readily mixes pure economics with their global agenda of bringing democracy and regime change and same talk of “poor are getting poorer, rich are getting richer” and still he opposes reforms and free enterprise in india , and free markets, the only proven system that allows for a MERIT BASED SOCIAL MOBILITY.
Wahi Banega.
Speak for yourself mister. He’s no god. He’s no good. He might be a great speaker. But that’s about it.
He said India..Hahaha… True Indian
Freudian slip
So, what’s funny… You idiot!
Truth is sometimes bitter.
Scale is important in today’s globalised economy . Will community capital be enough to finance global scale businesses ?
With out scale business do not stand a chance. Small cab services can’t compete against Uber , local grocery store can’t survive against Wal-Mart.
That’s a cost we have to bear. We have to choose to not scale
@HTC one Ali Ahmad Do we really have a choice? How are small cab services doing against Uber or local grocery store against Wal-Mart…they are going to parish 🙁
Why does it have to be global scale?
Why does it have to be on a global scale?
Yeah let the parents decide the syllabus for their kids. So islamic parents can have jihad kuran hadees and sharia as part of the curriculum , for there boys and girls (girls in separate schools , in burqas) .
@UCnXnR66HjBcHd2If2iKBTMQ
Why is modesty a good thing? Why must women cover themselves? to protect
them from men who can not control their urges . So the solution is to
put restrictions on the transgressed/victim? And the men are then not
held responsible, their is no onus on men to learn to control
themselves.
Basically hijab/modesty by itself is women going into hiding for
survival and safety when men are potentially aggressive and
transgressors.
Modesty is a serious restriction on women, be it self imposed or imposed
by family community or religion or laws of state. A woman should be
free to dress and look as she like when she likes for who she likes,that
is the correct and natural and good human way. Deny her this basic
right to be feminine and that is a serious violation of woman’s right to
her own nature and womanhood.
The better solution to woman’s safety is to teach men about rational
*morality* = laws of right&wrong and why bad behavior (transgression
of another human’s rights) are very harmful to society and individual.
Then the moral controls are from inside , and stronger than his sexual
desires. And then you no longer need much externally imposed controls
harsh restrictive laws on men AND women .
Hijab implemented as law or conventions social contract etc, stops the
processes of education of men to become more moral, learn to control, ie
civilized. So hijab / modesty is harmful to human society WHEN
IMPLEMENTED as a laws for the need of woman to be safe.
Modesty when it is personal choice of a individual (maybe she is not in
the mood to be attractive sometime, she has other things she wants to
focus on etc) is OK and a personal right. This kind of modesty is
different from MODESTY CULTURE when part of religions, cultures, laws of
state, tradition etc
Then you start vedic school and discriminate people on varnashram .
@Iyappan Shankaran
What???
There are no vedic schools today. (the word school has root in vedic sanskrit work kul). You assume i will start such schools. But that is baseless and you say such things because of a mental bias you have in your head?
What is varnashram? Varna had nothing to do with the rigid caste system that was imposed on hindus later. It is just titles based on professions like doctor, engg, army ranks, lawyers businessman etc. That was vedic culture. Now agains caste system has mostly been dismantled. But political parties like congress mulayam sing laloo use caste divide and win elections. They use reservation to discriminate by caste lines , a lollypop to fool the people, just like loan mafi bill mafi by congress and pappu dynasty.
@rational Dude maybe half chaddis will start a school to teach ” how gobar is more valuable than diamond”.
@rational dude it simple if there is a lot fdi in india. Indian currency would change and it is only proof that we have good economy.
In 2014 dollor vs rupee was 55 rs in 2019 it is 68
Do you think this is a economical development?…
Another biggest thing forieng companies have one motive to do block chain supply. This also weakens our economy and central gov has failed to manage this… Becoz modi is busy in revenchful politics..
Raghuram sir is truly a mentor and a great role model
We invented numbers and now we live, work and die for and by the numbers to satisfy the shareholders or stakeholders.
That friends is how you describe Swaraj to Americans.
rit on point
This discussion between armchair media and armchair economists is of no practical value other than clickbait. Both highlight the problem and offer no practical solution…
He actually predicted the 2008 global meltdown a couple of years before it actually happened sitting in his armchair. I guess he deserves to be taken with some seriousness for our own good.
@Ram Kumar Funnily many other economist especially Paul Volcker club, predict a meltdown even today. That’s their bread and butter. They are like astrologers. They tell you something may go wrong but never tell you when and how… ofcourse something, somewhere, sometime will crack.
Are you calling Mr Raghuram Rajan an arm chair economist.
@Goldilocks Zone he was the governor of RBI, the regulator of Indian economy. He has the credibility to talk about the topic.
assole tube do you even understand concepts like decentralized economy and capitalism…filthy troll
Why is he serving other countries?! We need people like him here in India!!
He did not find demonatization usefulness, opposed the government on it, refused to let off loose loans from banks, wanted to clear balance sheets of the banks and end the menace of defaulting on loans. He was perceived as strict by the government and unwilling to implement their agenda hence he left for his previous job at booth college chicago
Because, he said “RBI is not a cheerleader for Government”. He refused to be a sellout. Government wanted to push their own agenda. He couldn’t allow that. So he left.
because modi dnt like him.. because he speaks….. the truth
Has his views changed
i think one of the biggest problems of india is its level of high nationalism which is degrading its democracy. if modi comes to power again, it will be the worst thing imaginable for the minorities and the south east region as a whole. Modi is too nationalistic and might i say incompetent
@Natal Kumar not indian. but i have met alot of indians in US. they are keen to leave their country and come and live here, but wont admit that their country has problems. most of them are highly blindsided by their false sense of patriotism and now to a dangerous level of nationalistic upheaval. India it seems is becoming a country for one group and one group only. Hindus. the rest are becoming low tier citizens . Modi is making it worse
@Natal Kumar I’m an Indian and I agree with that guy.
@Rainmakr 95 Bro you have hit the nail on the head. I am an Indian and totally agree you though i will be labelled anti-national, urban naxal and self pretending pseudo intellectual traitor by my fellow so called nationalistic and patriotic countrymen especially Modi bhakts.😁😁😁😁😁😁😁😁😁
@Rainmakr 95 it’s just perception they build around media.
Like they do on trump , do u living in US really has faced diff in ur day to day life? when obama was there and now?
Countries go through definite ideological change , but values and positions of a country are well founded to have sudden shift.
One man with whatever deep state cannot achieve it in his lifetime.
They know it (obama trump modi even Putin n jin ping)
it’s u who fall for unfounded fear, n probably make their job easier validating action against stupid liberal minority , who appear crying all the time unconvincing to larger public wisdom.
Problem is liberals themselves never believe in existing such larger wisdom at all, that’s why in reality they are pseudo liberals.
Btw
May be in country like china n Russia it is possible if at all they can hold for 15 long years.. still they have to give to overall undercurrent of ppl time to time.. even if they have really no constraints of democracy.
Democratic countries like india, US these fears are really unwarranted .
@Rainmakr 95 what is wrong being a nationalist. Of course India is a Hindu majority country where all religions coexist. If someone feels like second class citizens, that his problem.
In short follow gandhian socialism and his theory of trusteeship.
Poor Rajan looks like he is really missing the attention he got in India…..from giving non stop gyan on Indian national media (while the NPA problem worsened) to promoting book with old ideas on Yahoo finance….that’s quite a fall.
Modi bhakt fuck offf
You are crying for attention not him he has enough respect to crave for
mf… bhakt… u are sick..
Man..i just love hearing him.envy of students who get chance to study under him.
He can be the Indian finance minister after 2019 indian election.
@Tanmoy Samanta You are under educated..You dont need a particular citizenship to be a better economist..
@Subhrajit Gupta And you are illlerate..I said he can’t be finance Ministers of India…and just because you are economist that doesn’t mean you understand every economy at the same level that was what I said.
@Tanmoy Samanta He is an Indian citizen. He is currently a resident of US on Visa but is a citizen of India.
He already have worked as governor of RBI and have done a tremendous job.. he could not come to terms with implementing Demonitisation (which as he have said , turned out to be total disaster) and resigned .
@River Jamir he did not resign. His term was over.
i guess he doesnt know about fandoms and korea ..cuz for us the new markets have developed a new community…
7:55 Consider BlockChain technology. The power comes back into city or local township level.
no it doesn’t.
Sahi bola
We need communities back. It’s sad but true.
Dr. Rajan you are brilliant
Imagine learning economics from a personal having his signature on every currency note of India.
Respect to this man
Thanks to the great economist
Greatest corruption in his regime
Yes, decentralization of decision making. More power to communities.
it will make society more polarised nepotism will grow exponentially
@Rational Mind could you give one such example from the past ..?
His name was on INDIAN CURRENCY. You know this guy is legit
He said “you have a president….”. That speaks he is still a true Indian by heart even after living in US.
We miss you, sir.
A Keynesian Chicago Boy.
we need you as PM.. not another BJPian
baised
I hate fan boyism ..but he didn’t support Modi on something. He is a very wise intellectual who could have planned things very nicely for India e.g. tax reforms, I didn’t get why was he not supportive of the Modi government. Even if Modi is opposite to his political ideology ..the move was a correct move and raghuram could have planned it much better than Modis FM or current governer
But he is spot on for decentralised economy with government acting in a supporting role rather than leading and fair competition
In India law and order, judiciary is pathetic, not up to global standard.
it is not pathetic do i never see a random guy having a gun and killing people for no reason and indian judiciary never punished innocent people like usa.
He said “we” despite having Indian nationality
How can he say “we” when he has Indian citizenship?
he is permanent resident of america.
talve chatne vaale, kabhi economist nahin ho sakta, do kauri ki akal
nahin, loot khaya jisne banko ko, vo aaj lecture jhad raha hai, 2009-13
me economy ka satyanaash kar dia, mmsingh ke saath mil ke
aaj kitabi bhashan me laga hai, both need to be in jail, for
frauds in RGF TRUST
Crisis of healthy nutrition in lower level living’s population how fullfill them’s out of packets and money essential..not butt goo for plantation of particular property’s basick stocks than none medicine butt naturally stronger antibiotics frome healthy from selfe produced and prosseced after independent satisfaction….