RBI Governor Rajan bats for tolerance, says bans stifle debate, excessive political correctness harms progress

New Delhi/Nagpur: Reserve Bank of India Governor Raghuram Rajan on Saturday joined the award wapsi debate, saying "excessive political correctness stifles progress as much as excessive licence and disrespect". Addressing students at Indian Institute of Technology-Delhi, the RBI Governor said that...

by Nagpur Today | Published 9 years ago
By Nagpur Today On Tuesday, September 29th, 2015

Highlights from Dr Rajan’s speech Says 50-Basis-Point Cut Not a Diwali Present

Nagpur: Reserve Bank Governor Raghuram Rajan on Tuesday cut the benchmark repo rate by 50 basis points to a four-year low of 6.75 per cent. Most analysts polled by Reuters expected the central bank to slash rates by 25 basis...