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More from Ashok Bhattacharya (A.K. Bhattacharya)
Insight
Long-tenured Indian governments take fewer economic reform risks than coalitions
“What happened in the 19 nineties was that because the government's Where coalition governments, they were not strong governments, so they could probably experiment with many economic reforms, but from the 2000 onwards governments have been, 10 year duration. Y…”
Ashok Bhattacharya (A.K. Bhattacharya)May 3, 2024▶ 36:20Modi Govt Vs Raghuram Rajan, 1991 Finance Team, & India’s Brain Drain Challenge I A.K. Bhattacharya
“The K. R. Puri was the governor. He changed the banking regulation norms so that the Maruti gets the loan.”
Ashok Bhattacharya (A.K. Bhattacharya)May 3, 2024▶ 53:22Modi Govt Vs Raghuram Rajan, 1991 Finance Team, & India’s Brain Drain Challenge I A.K. Bhattacharya
AssertionNot checkable as stated
Urjit Patel resigned over RBI regulation of public sector banks
“Even he fell out with the government because he wanted the public sector governance norms to be changed so that the RBI can monitor and regulate the public sector banks adequately. So there the differences open and arose. So he also had to quit suddenly.”
Ashok Bhattacharya (A.K. Bhattacharya)May 3, 2024▶ 58:27Modi Govt Vs Raghuram Rajan, 1991 Finance Team, & India’s Brain Drain Challenge I A.K. Bhattacharya
Opinion
Pranab Mukherjee's retrospective tax still damages foreign investor confidence
“He introduced the so-called Vodafone tax, over which the succeeding years have been spent, and even now India faces a lack of confidence in the foreign investor because of that retrospective taxation.”
Ashok Bhattacharya (A.K. Bhattacharya)May 3, 2024▶ 1:03:20Modi Govt Vs Raghuram Rajan, 1991 Finance Team, & India’s Brain Drain Challenge I A.K. Bhattacharya
Opinion
India's 'national champion' economic model deters foreign investors
“So the national champion phenomenon is, does not inspire confidence among foreign investors to come in.”
Ashok Bhattacharya (A.K. Bhattacharya)May 3, 2024▶ 1:05:44Modi Govt Vs Raghuram Rajan, 1991 Finance Team, & India’s Brain Drain Challenge I A.K. Bhattacharya
Opinion
Manmohan Singh failed by not preventing the 1992 Harshad Mehta scam
“Manmohan Singh's failure was not to have anticipated it, not to have taken adequate steps in, in, in preventing that scam. Instead, probably letting it continue for a while.”
Ashok Bhattacharya (A.K. Bhattacharya)May 3, 2024▶ 12:02Modi Govt Vs Raghuram Rajan, 1991 Finance Team, & India’s Brain Drain Challenge I A.K. Bhattacharya
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