There is a political will to undertake reforms, says RBI Governor
Updated: Oct 09, 2014 04:51:29pm
New York, Oct 9 (KNN) There is political will to undertake reforms and improve India’s economic growth, RBI Governor Raghuram Rajan has said.
Financial reform is not difficult - we have the political will to improve, the Indian Consulate in New York tweeted the RBI governor as saying during an event yesterday.
Time to deliver begins now. We need to focus on deliverables, another tweet quoting Rajan said.
The RBI Governor was addressing a select gathering of prominent and influential Indian-American businessmen from the finance and investment banking sector at an event organised by the Consulate General in collaboration with the India-America Chamber of Commerce.
Rajan also said it is a good time to invest in the Indian economy now, according to the tweet.
Developing infrastructure, improving quality of human capital, optimum regulation for good business and extensive financial sector reform should be the next steps for improvement and development of the Indian economy, according a press statement issued by the Consulate.
Rajan said stalled projects need to get back on track and clearance should be from capital and on ground. He further said that complex labour laws need to be improved to benefit both employers and workers and self- certification should be allowed to eliminate the stressful and cumbersome process of inspections. (KNN/SD)
Financial reform is not difficult - we have the political will to improve, the Indian Consulate in New York tweeted the RBI governor as saying during an event yesterday.
Time to deliver begins now. We need to focus on deliverables, another tweet quoting Rajan said.
The RBI Governor was addressing a select gathering of prominent and influential Indian-American businessmen from the finance and investment banking sector at an event organised by the Consulate General in collaboration with the India-America Chamber of Commerce.
Rajan also said it is a good time to invest in the Indian economy now, according to the tweet.
Developing infrastructure, improving quality of human capital, optimum regulation for good business and extensive financial sector reform should be the next steps for improvement and development of the Indian economy, according a press statement issued by the Consulate.
Rajan said stalled projects need to get back on track and clearance should be from capital and on ground. He further said that complex labour laws need to be improved to benefit both employers and workers and self- certification should be allowed to eliminate the stressful and cumbersome process of inspections. (KNN/SD)
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