India needs to address issues like malnutrition to become developed country: Raghuram Rajan
Sunday, 17 December 2023 Raghuram Rajan, former RBI Governor, emphasizes that India needs to address malnutrition and focus on its human capital to become a developed nation. He questions how the country can achieve development when malnutrition is prevalent. Rajan highlights the importance of nurturing human capital by offering large-scale training. He believes that training a large number of people well will lead to significant value creation. Rajan also expresses confidence in the cleaning up of the banking system during his tenure as RBI Governor.
RBI's action against Paytm and Kotak Mahindra Bank for non-compliance raised concerns. Kotak Mahindra's failure to meet data storage requirements led to RBI directives. Similar actions were taken against HDFC Bank in 2020. The events underscore the need for stronger regulatory mechanisms.
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Sunday, 17 December 2023
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