Economy slowed down due to Raghuram Rajan's policies in india ??

in #news6 years ago

https://ibb.co/iaOgNz

HIGHLIGHTS

  1. Niti Aayog vice chairman Rajiv Kumar has rejected the view that demonetisation was responsible for economic slowdown

  2. Former RBI governor Raghuram Rajan's NPA policies led to banks stopping giving credit to industry, said Rajiv Kumar

NEW DELHI: Niti Aayog vice-chairman Rajiv Kumar on Monday blamed the former Reserve Bank of India (RBI) governor Raghuram Rajan for the slowdown in country's economy in the days that followed demonetisation.

Rajan's policies on non-performing assets (NPAs) led to the to the slowdown in the economy and not the government's decision to ban 500 and 1000 rupee notes, the Niti Aayog vice-chairman said in an interview to news agency ..

He said the NPAs rose to Rs 10.5 lakh crore by mid-2017 from ..

Read more at:
http://timesofindia.indiatimes.com/articleshow/65655402.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

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