baby_uv I don't think that is the reason, most of the simple common sense thinks they won't understand. RR has great image domestically as well as internationally, not easy to blame him.
Great people are neither afraid nor ashamed of saying, "I don't know". How many can boast of such educational qualification and such an illustrious career? Yet look at the humility of this guy.
@@kapilbhardwaj4680 yeah and all his employers were bloody fools for employing him and you are so smart and intelligent to know that he doesn't know anything, No wonder why the country is going to the dogs.
That man really needed for growth of Indian economy instead of Mr. arun jaitly.He came to India when Indian economy was Depreciating. he boost d Indian economy GDP Nd reach 2 around 9 GDP in 2016. deserving respect honour Mr raghuram rajan. I have great respect for u sir. best RBI governor till now date.
Well not saying that he is not good but truly the evaluation method or reading has changed if new reading shows 9 then in the older reading method it would have been around 7. That's what he said too.
I think people at BJP really don't understand how economy or any sophisticated mechanism works. It requires a lot of education and knowledge to reach at the level of MMS and Raghuram Rajan. Jaitley is considered to be the smartest person in BJP but his knowledge about economy is rudimentary. Add to that the ego of BJP leaders who are unwilling to listen to the experts and you have the recipe for a disaster that we are facing.
he is educated...but biased...but he too doesnt have any solution...his only suggestion is that demonitization should have been done with incentivization for black money holders..
I support Narendra Modi but I salute this man's genius and his intellect. One of the greatest bankers and economists RBI and India has ever seen. The RBI was facing a terrible crisis when he was appointed and he basically built it up again from the bottom up. After his first day at office the INR went up 2.1% against the USD. As Governor of the RBI, he made curbing inflation his primary focus, bringing down retail inflation from 9.8% in September 2013 to 3.78% in July 2015, the lowest since the 90s. He also predicted the 2008 financial crisis in 2005 warning about the growing risks in the financial system asking for policies that would reduce such risks. The US treasury secretary called him a luddite but he turned out to be right and he was hailed by the world. There is no denying that demonetisation is a failure because as much as I support Mr. Modi I do not and cannot become a blind brainless fanboy of any politician/party and not criticize their terribly failed moves. I wish PM Modi has listened to Raghuram, our growth rate which we need to be in double digits, wouldn't have fallen to a embarrassing 5.1 this quarter.
@mayank Chand - Let's keep it realistic. I believe you are trying to confuse people by mixing up the topics. --> Indian Rupee is performing well. Many reasons for it like "Trump-Trade", "change of RBI policy rate" and so on... --> The ultimate goal of demonetization is to remove black money, fake currency and encourage digital payments. I appreciate the idea behind them - wonderful for Indian economy. Whatever the reasons we have lost GDP growth, Estimated loss on economy will be somewhere near 12 Lakh Crore, Job Losses are far too many, Printing new currency requires an investment of 17,000 crore at a minimum, Banks are almost without work (except demonetization) for almost 3 months, Agriculture sector is worst impacted --> GDP growth is drastically falling because of two segments(Manufacturing and Construction). One of the reason is Demonetization especially in construction sector --> I never, ever encourage any one to make personal comments
atindra jha ,मेरे दोस्त demonitization का एक फायदा ये रहा कि प्रोपर्टी मार्किट गिर गया, और पब्लिक की savings बढ़ गई। मार्केट slow है पर resource wastage कम हो रही है
Even as a supporter of Modi Ji....I REALLY think that this man was NEEDED for India. People like him are exceptional in their field. He was a phenomenal Governor & steadied India's ship when international economic standing of India was not where it is now.
Also if bank receives cash it gives 6-7 percent to public but can receive more by giving loans to industrialist hence their money giving to them as aloan will fetch gains i think it is smart move
People in comment section criticising the move of Demonetisation. Havent seen the video. In whole video Raghuram Rajan has criticisised the way of execution. And not the move moreover one of officials from government had also confirmed after few months of demonetisation that if new currency is circulated across the country before announcement of demonetisation then many people across the country should be notified of demonetisation as of Logistics and management. And government only wanted people who were storing this money to suffer.
This man was the RBI governor. What an explanation for the black money and government saving on interest. Is he really an economist. If money is frozen in the vaults and basements. What use is it to economy. When the money is rolling in the market it is of use to economy. I am not an economist, but this basic Funda is clear. Money is like blood in body, it has to keep circulating, if not then the economy gets sick like a body with stagnant blood. I guess such economists are the problem for ills in economy
Sanjeev Sen First the statement "Is he really an economist" is out right stupid. Second all the money laying idle in the home never entered the banking system before demonetisation but as the calamity struck, the people were rushing to deposit money and there is some amount that can go in the bank without a pan card in a month. And that's you earn interest on it. The black economy situation wasn't taken care of rather it was elevated.
Sanjeev Sen the money deposited in bank will be given as loan by banks. Monitoring of which is very important task as NPA is on rise. Moreover after demonetisation demand has not picked up due to which many people are defaulting in their payments. Which is affecting bank's profitability.
en.wikipedia.org/wiki/List_of_banks_in_India So in before 1999 the same banks in this list were operating in india, and gdp economy was below singapore, oman...etc not equal to france as it is now. So the same people were there at that time too, foreign businessmen, nri, indian businessmen,... so the same situation still is....but if you observe that the lists banks have total revenue which was once in 1999 before somewhat lower than what is it seems to be. So how did these indian listed banks got their capital revenue to billions us dollars trillions of rupees in span of 15 years without foreign investors nor people going abroad. So this is really confusing if industrialist have private wealth, apart from it...are these banks itself nowdays operating as capital head like azim premji, mittal and ambanis. So people used to save their money in past, now banks itself are money capital inc. And hsbc citibank are for priviledge customers non indian nationals whose capital is still not listed in india, and they now doing jana kalyan.
मेरे दोस्त demonitization का एक फायदा ये रहा कि प्रोपर्टी मार्किट गिर गया, और पब्लिक की savings बढ़ गई। मार्केट slow है पर resource wastage कम हो रही है ,99% नोट तो लोगो ने बदल लिए, पर सबक भी मिल गया कि नोट बदलना कितना मुश्किल है। और 25% तो बट्टा कटा होगा,
Baba Jailie ne padhaya na? Market dub Gaya jab world market was growing up than normal. First time in 20 years for India. Kyon hua ? Savings badhi to investments kyun Nahi? Thod thik padhai Karo.
I have one doubt can any one clear as he said money was laying with people and know will will have to pay interest but when it waslying with people was it used for development purpose? Only purchasing power was increasing hence business were better but what about nation wide development please correct me if I am wrong
As a growing economy we need more investment.. More savings with bank.. Formal economy. I don't know why he is thinking depositing the money with banks is a bad thing. All banks wants that people save money with them.
madhav reddy well considering per annum every account holder earns an interest on the deposit money, after demonetisation even the black money was going into the banks.
Shitij Sablania that's what everyone gets from banks...if that's black money, he will get the notice from IT Dept. But, banks can loan that amount at cheaper interest rates... Will help business comminution.. Investment... Jobs..growth. what's his problem with that. Hiding black money and spending it won't help economy.
No he won't get a notice from the IT dept as that small amount of money has no legal basis of questioning. Like deposit 20,000 rupees in banks every month takes place without any documents. And that black money, moving into the banks is a loss for the govt but a big profit for profit hungry industrialists.
Shitij Sablania ...tell me how can people having crores of black money can do that with all govt restrictions in place for money withdrawals....at least they will get noticed. I am not supporting completely what govt has done...but, it's still to early to judge the things...they will get better picture in the future
madhav reddy okay the future is already here. And through temple donations, party donations, through Jan dhan accounts, booking and cancelling tickets, the most obvious buying gold.
An opportunist. 17k crore if compared to NPA u distributed to corrupts which country made lakhs of crore loss? What about it? Will u return to country?? U r a person who dint took any step to curb black money and stop parallel economy. Fooling people won't work for long.
Abhinav bro NPAs were there from decades he is the one who talked about it for the first time and explained the disaster it could create if it's not tackled otherwise you wouldn't even know that there is such a huge NPAs from the top business class and even modi govt hated him for the very same reason(I.e coz he revealed about NPAs and now they can't distribute the money to their beloved people like nirav modi ,mehul choski etc)
The most evil thing of Mr Modi is that he is one of the genius of creating very good image about him. This made him one of the most successful politician and a popular figure. But problem is that if he take a bad decision like UPA it will not create dent on him unlike it did to UPA. Still I think he is the most desirable for the post of PM and no one is near to him till now. But he should come out of some stereo Gujarati thinking like business that all matter, investment on health and education is not important(but forgot that what he celebrate the India's science achievement is a byproduct of previous government), making social services into private hand whose only concern is profit, drastically decreasing vaccines in government job, action toward jobless growth, bearing very NPA for those companies who has no part in nation development(like jobs ,social welfare) and compensate it with denting banking system and common people with merging banks and unplanned demonetisation respectively.Even he is failing to create more job. Most of these job didn't attract hike compared to market. I still respect for his transparent and efficient governance, dynamic attitude, leadership,motivational speaker, ready to adapt new things and come with some wonderful scheme like digitalisation, UJALA, make in India(not successful).But this thing will not matter for long if the important thing is to compensate for that. One of the thing about him is that though he is progressive in nature but he not able to understand India as a whole from core. Jai hind .Jai Bharat
i agreed with most of the points but in one he said now gov will have to pay interest on money on which it was not paying but at the same time banks will also make interest on that by giving that huge chunk of money to public in loan so how this is unprofitable for gov
Mayank Chand Suppose 100 rupees black money has been deposited as white money into the bank. Now Banks will have to give 4% interest to the holder so it becomes loss of 104 rupees in aggregate. Now suppose bank gives this 100 rupees as loan and gets 14% interest so banks are gaining 14 rupees. So net amount = +14 - 4 - 100 = -90...That means still there is 90 rupees loss for the government. That is how it is unprofitable.
if there is loss for gov in putting money in bank so why do they get us to put our money in bank , if there was so much loss in that the gov and bank should become bankrupt till now . and they should make everyone to not bring money in bank
Jitna jyada black money white hokar waapas banks me aaya hai utna hi jyada government ko loss hua hai...Kyuki now that money's legal owner are black money holders but agar ye black money white hokar na aata to utna amount government ki ownership me hota...Yaani Demonetization ke baad jitna kam paisa vaapas banks me aata utna hi jyada government ko profit hota...But 99% vaapas aa gaya aur vo black money holders ab aaraam se kharch kar sakte hai
It's a cost for the Government not the banks, also they Gov cannot stop notes from being deposited, that would shatter the very base of the economic and financial system in India.
Bhakts not abusing him here,, you no why?,, because his economics is going on above there head. 😂
baby_uv
I don't think that is the reason, most of the simple common sense thinks they won't understand.
RR has great image domestically as well as internationally, not easy to blame him.
baby-uv..go to pakistan..we are not bhakts
@@rushi00717 ur not bhakts u r andhbhakts try to watch the reality of Demonisation from trusted youtube channel...
@@cockroach6688 which trusted dhruv rat.😂😂😨
@@cockroach6688 i would rather suggest you go watch interview of people who introduced this idea.
Great people are neither afraid nor ashamed of saying, "I don't know". How many can boast of such educational qualification and such an illustrious career? Yet look at the humility of this guy.
VP D exactly what I thought when he said "I don't know" without any hesitation.
He is right, as he doesn't know anything. Bravo!
@@kapilbhardwaj4680 yeah and all his employers were bloody fools for employing him and you are so smart and intelligent to know that he doesn't know anything, No wonder why the country is going to the dogs.
@@kapilbhardwaj4680 à
if he says don't do demonoetisation don't do it
That man really needed for growth of Indian economy instead of Mr. arun jaitly.He came to India when Indian economy was Depreciating.
he boost d Indian economy GDP Nd reach 2 around 9 GDP in 2016.
deserving respect honour Mr raghuram rajan. I have great respect for u sir. best RBI governor till now date.
aman verma and as soon as he is gone the growth is also gone...
Well not saying that he is not good but truly the evaluation method or reading has changed if new reading shows 9 then in the older reading method it would have been around 7.
That's what he said too.
I think people at BJP really don't understand how economy or any sophisticated mechanism works. It requires a lot of education and knowledge to reach at the level of MMS and Raghuram Rajan. Jaitley is considered to be the smartest person in BJP but his knowledge about economy is rudimentary. Add to that the ego of BJP leaders who are unwilling to listen to the experts and you have the recipe for a disaster that we are facing.
MrDudegrt Well said
Issi Reason se Rahul Gandhi ko as PM nahi dekhte
he is educated...but biased...but he too doesnt have any solution...his only suggestion is that demonitization should have been done with incentivization for black money holders..
bjp people are illiterate and what about congress leaders...and tell about arrogancy also
I support Narendra Modi but I salute this man's genius and his intellect. One of the greatest bankers and economists RBI and India has ever seen. The RBI was facing a terrible crisis when he was appointed and he basically built it up again from the bottom up. After his first day at office the INR went up 2.1% against the USD. As Governor of the RBI, he made curbing inflation his primary focus, bringing down retail inflation from 9.8% in September 2013 to 3.78% in July 2015, the lowest since the 90s. He also predicted the 2008 financial crisis in 2005 warning about the growing risks in the financial system asking for policies that would reduce such risks. The US treasury secretary called him a luddite but he turned out to be right and he was hailed by the world. There is no denying that demonetisation is a failure because as much as I support Mr. Modi I do not and cannot become a blind brainless fanboy of any politician/party and not criticize their terribly failed moves. I wish PM Modi has listened to Raghuram, our growth rate which we need to be in double digits, wouldn't have fallen to a embarrassing 5.1 this quarter.
@mayank Chand - Let's keep it realistic. I believe you are trying to confuse people by mixing up the topics.
--> Indian Rupee is performing well. Many reasons for it like "Trump-Trade", "change of RBI policy rate" and so on...
--> The ultimate goal of demonetization is to remove black money, fake currency and encourage digital payments. I appreciate the idea behind them - wonderful for Indian economy. Whatever the reasons we have lost GDP growth, Estimated loss on economy will be somewhere near 12 Lakh Crore, Job Losses are far too many, Printing new currency requires an investment of 17,000 crore at a minimum, Banks are almost without work (except demonetization) for almost 3 months, Agriculture sector is worst impacted
--> GDP growth is drastically falling because of two segments(Manufacturing and Construction). One of the reason is Demonetization especially in construction sector
--> I never, ever encourage any one to make personal comments
atindra jha ,मेरे दोस्त demonitization का एक फायदा ये रहा कि प्रोपर्टी मार्किट गिर गया, और पब्लिक की savings बढ़ गई। मार्केट slow है पर resource wastage कम हो रही है
I think BJP don't know the definition of Economics...
i have to do ma in economics understand this interview completely !! lol
basant shorewala not really.. just go through 11th & 12th NCERT economics...
that's enough ...
I feel you bro
Just go through 11th and 12th Economics..... You will be able to understand whole interview....
I wish he becomes the Prime Minister of India.Opposition parties should collectively and seriously think about it.
He's not a politician.
@@MrDudegrt MMS was also RBi guv initially
Raghuram rajan.ji next P.M off india bigg Econmist Qulifieded HONEST in world bin mangy moti mily mangy na mily BHIKH
he is true economist
Biru Singh.. Ur antinationalist..... True economist are modi and Shah..
prateek jain bhakt mat bano,
prateek jain was that a sarcasm
RR for PM ... A very solid candidature .. congress should think about... I see huge fan following for him.. But congress is a slave of RAGA. #nohope
India needs u...❤️
....hi H.T.,
THANKS & CONGRATULATION,
...I am subscribing you from today,
due to presentation of EXCELLENT
INTERVIEW with :
RRGR
Even as a supporter of Modi Ji....I REALLY think that this man was NEEDED for India. People like him are exceptional in their field. He was a phenomenal Governor & steadied India's ship when international economic standing of India was not where it is now.
Sameer Rathore I happen to meet this amazing gentleman during my IIM days... and such an intelligent man... he is indeed needed..
16:10 Education very Important.We Don't have good Economists.Liberal arts Education
Notification 0 RBI 0 Governor Mr. Raghuram Rajan Economy 0_0 President India Republic of India
GDP growth down....public ki aeise ki teisi ho gayi hai...Raguram Rajan
Ko kya farak padta hai
Usko toh sirf maal mil rha h ......
His exit from India explained the fact that great brains and intellects have no place in bjp.
Also if bank receives cash it gives 6-7 percent to public but can receive more by giving loans to industrialist hence their money giving to them as aloan will fetch gains i think it is smart move
People in comment section criticising the move of Demonetisation. Havent seen the video. In whole video Raghuram Rajan has criticisised the way of execution. And not the move moreover one of officials from government had also confirmed after few months of demonetisation that if new currency is circulated across the country before announcement of demonetisation then many people across the country should be notified of demonetisation as of Logistics and management. And government only wanted people who were storing this money to suffer.
Now that's real metal...... genius.....always talks sense with basics.... statements like "cash is a liability for the central bank....😍
This man was the RBI governor. What an explanation for the black money and government saving on interest. Is he really an economist. If money is frozen in the vaults and basements. What use is it to economy. When the money is rolling in the market it is of use to economy. I am not an economist, but this basic Funda is clear. Money is like blood in body, it has to keep circulating, if not then the economy gets sick like a body with stagnant blood. I guess such economists are the problem for ills in economy
Sanjeev Sen First the statement "Is he really an economist" is out right stupid. Second all the money laying idle in the home never entered the banking system before demonetisation but as the calamity struck, the people were rushing to deposit money and there is some amount that can go in the bank without a pan card in a month. And that's you earn interest on it. The black economy situation wasn't taken care of rather it was elevated.
Sanjeev Sen the money deposited in bank will be given as loan by banks. Monitoring of which is very important task as NPA is on rise. Moreover after demonetisation demand has not picked up due to which many people are defaulting in their payments. Which is affecting bank's profitability.
May be if invested will fetch better gains
Come back raghuram rajan
Change The government
Why people call him liberandu or tukde tudke gang member or urban naxal?
One just can wonder but still don't figure out why.
en.wikipedia.org/wiki/List_of_banks_in_India
So in before 1999 the same banks in this list were operating in india, and gdp economy was below singapore, oman...etc not equal to france as it is now. So the same people were there at that time too, foreign businessmen, nri, indian businessmen,... so the same situation still is....but if you observe that the lists banks have total revenue which was once in 1999 before somewhat lower than what is it seems to be. So how did these indian listed banks got their capital revenue to billions us dollars trillions of rupees in span of 15 years without foreign investors nor people going abroad. So this is really confusing if industrialist have private wealth, apart from it...are these banks itself nowdays operating as capital head like azim premji, mittal and ambanis. So people used to save their money in past, now banks itself are money capital inc. And hsbc citibank are for priviledge customers non indian nationals whose capital is still not listed in india, and they now doing jana kalyan.
Democratic govt is supposed to let every data in public domain. Why do we have official secracy act other than of national defence subjects.
GREAT ECONOMIST AND BANKER, WHO REALLY ADMINISTERED RBI WITHOUT CARRING AND APPLYING POLITICAL INTERVENTION.
RK lluukksi si signor.
what EEPC's are doing?they have not been properly empowered.
Exchange of notes was not big issue...as the intention was curb black money
One of the gretest economist...
I do what i do !
Great Raghu Sir.
मेरे दोस्त demonitization का एक फायदा ये रहा कि प्रोपर्टी मार्किट गिर गया, और पब्लिक की savings बढ़ गई। मार्केट slow है पर resource wastage कम हो रही है ,99% नोट तो लोगो ने बदल लिए, पर सबक भी मिल गया कि नोट बदलना कितना मुश्किल है। और 25% तो बट्टा कटा होगा,
Baba Jailie ne padhaya na?
Market dub Gaya jab world market was growing up than normal. First time in 20 years for India. Kyon hua ?
Savings badhi to investments kyun Nahi?
Thod thik padhai Karo.
Demonetisation has increased Tax payers and credits
Upa uncentivity and liquidity are increased while the shares in loans are decreased
Mudi should watch and learn! We have gems here.
Ashoka rocks!
I have one doubt can any one clear as he said money was laying with people and know will will have to pay interest but when it waslying with people was it used for development purpose? Only purchasing power was increasing hence business were better but what about nation wide development please correct me if I am wrong
In areas like defence, infrastructures, public development
As a growing economy we need more investment.. More savings with bank.. Formal economy. I don't know why he is thinking depositing the money with banks is a bad thing. All banks wants that people save money with them.
madhav reddy well considering per annum every account holder earns an interest on the deposit money, after demonetisation even the black money was going into the banks.
Shitij Sablania that's what everyone gets from banks...if that's black money, he will get the notice from IT Dept. But, banks can loan that amount at cheaper interest rates... Will help business comminution.. Investment... Jobs..growth. what's his problem with that. Hiding black money and spending it won't help economy.
No he won't get a notice from the IT dept as that small amount of money has no legal basis of questioning. Like deposit 20,000 rupees in banks every month takes place without any documents. And that black money, moving into the banks is a loss for the govt but a big profit for profit hungry industrialists.
Shitij Sablania ...tell me how can people having crores of black money can do that with all govt restrictions in place for money withdrawals....at least they will get noticed. I am not supporting completely what govt has done...but, it's still to early to judge the things...they will get better picture in the future
madhav reddy okay the future is already here. And through temple donations, party donations, through Jan dhan accounts, booking and cancelling tickets, the most obvious buying gold.
"I Do What I Want".
An opportunist. 17k crore if compared to NPA u distributed to corrupts which country made lakhs of crore loss? What about it? Will u return to country?? U r a person who dint took any step to curb black money and stop parallel economy. Fooling people won't work for long.
Maddy 7
he didn't distributed
Abhinav bro NPAs were there from decades he is the one who talked about it for the first time and explained the disaster it could create if it's not tackled otherwise you wouldn't even know that there is such a huge NPAs from the top business class and even modi govt hated him for the very same reason(I.e coz he revealed about NPAs and now they can't distribute the money to their beloved people like nirav modi ,mehul choski etc)
Was demonetization ever a good idea?
Am i the only one or raghu ram rajan looks like ned stark from GAME OF THRONES
na he look more like little finger
he look more like little finger
Kaun se angle se
It is very essential to us to know about new things
The most evil thing of Mr Modi is that he is one of the genius of creating very good image about him. This made him one of the most successful politician and a popular figure. But problem is that if he take a bad decision like UPA it will not create dent on him unlike it did to UPA. Still I think he is the most desirable for the post of PM and no one is near to him till now. But he should come out of some stereo Gujarati thinking like business that all matter, investment on health and education is not important(but forgot that what he celebrate the India's science achievement is a byproduct of previous government), making social services into private hand whose only concern is profit, drastically decreasing vaccines in government job, action toward jobless growth, bearing very NPA for those companies who has no part in nation development(like jobs ,social welfare) and compensate it with denting banking system and common people with merging banks and unplanned demonetisation respectively.Even he is failing to create more job. Most of these job didn't attract hike compared to market. I still respect for his transparent and efficient governance, dynamic attitude, leadership,motivational speaker, ready to adapt new things and come with some wonderful scheme like digitalisation, UJALA, make in India(not successful).But this thing will not matter for long if the important thing is to compensate for that. One of the thing about him is that though he is progressive in nature but he not able to understand India as a whole from core. Jai hind .Jai Bharat
jai bharat jai hind
modiji ko parao desh baachao
Truly a man of wisdom and fewer words, very cautious and reserved, although he could have come out open on the Blunders of Demonetization & GST.
i agreed with most of the points but in one he said now gov will have to pay interest on money on which it was not paying but at the same time banks will also make interest on that by giving that huge chunk of money to public in loan so how this is unprofitable for gov
Mayank Chand Suppose 100 rupees black money has been deposited as white money into the bank. Now Banks will have to give 4% interest to the holder so it becomes loss of 104 rupees in aggregate. Now suppose bank gives this 100 rupees as loan and gets 14% interest so banks are gaining 14 rupees.
So net amount = +14 - 4 - 100 = -90...That means still there is 90 rupees loss for the government.
That is how it is unprofitable.
if there is loss for gov in putting money in bank so why do they get us to put our money in bank , if there was so much loss in that the gov and bank should become bankrupt till now . and they should make everyone to not bring money in bank
Jitna jyada black money white hokar waapas banks me aaya hai utna hi jyada government ko loss hua hai...Kyuki now that money's legal owner are black money holders but agar ye black money white hokar na aata to utna amount government ki ownership me hota...Yaani Demonetization ke baad jitna kam paisa vaapas banks me aata utna hi jyada government ko profit hota...But 99% vaapas aa gaya aur vo black money holders ab aaraam se kharch kar sakte hai
It's a cost for the Government not the banks, also they Gov cannot stop notes from being deposited, that would shatter the very base of the economic and financial system in India.
that 100 rupees was anyway not in the system so it will be 14 -4 equals 10 .....