Dr Singh was puzzled — I could see that on his face — by the message or, perhaps, the messenger. He listened politely and told me that the second step had already been taken within minutes of the markets opening at 10 am.
The story of how Dr Singh "spoke" to Dr C. Rangarajan, RBI deputy governor, and the latter's famous words "I have jumped", are now part of the folklore surrounding the devaluation. That single act stamped Dr Singh — the accidental finance minister — as a determined finance minister with nerves of steel to do what he thought was the right thing to do.
Denne historien er fra January 05, 2025-utgaven av Financial Express Kolkata.
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Denne historien er fra January 05, 2025-utgaven av Financial Express Kolkata.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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SC Refuses to Hear Plea on Cancellation of BPSC Exam
THE SUPREME COURT on Tuesday refused to entertain a plea seeking the cancellation of the 70th Combined Competitive Exams (preliminary) conducted by the Bihar Public Services Commission (BPSC) on the grounds of an alleged paper leak and told the petitioner that he should have first approached the Patna High Court.
Delhi Votes on Feb 5
● Bypolls in Milkipur in UP & Erode in TN are also scheduled
Mandi prices of pulses near MSP
MANDI PRICES OF several varieties of pulses — tur, urad and moong — are ruling close to the minimum support price (MSP) due to the arrival of kharif harvest and robust imports, trade sources said.
Fintech Firms Need to Boost Digital Payment Infra: Nagaraju
NOTING THAT THE digital payment infrastructure plays a crucial role in the fintech industry's expansion, financial services secretary M Nagaraju on Tuesday said fintech firms need to improve digital payment systems in rural regions and encourage lending based on digital footprints for micro, small and medium enterprises (MSMEs).
NSDC starts pan-India survey to identify gaps in skill initiatives
TO DESIGN GOVERNMENT schemes better and to aid organisations in mapping the demand-supply gap of skilled manpower, the National Skill Development Corporation (NSDC) has begun a pan-India survey with consumer intelligence firm Axis My India.
10 mn farmers get digital IDs linked to land records
To develop a database of farmers which is linked to their land records, the agriculture ministry, in collaboration with states, has provided digital IDs to 10 million farmers across 10 states as on Tuesday, according to a senior official.
Petroleum product exports rise 3%
INDIA'S EXPORTS OF petroleum products in December increased by 3.1% to 1.37 million barrels per day against 1.33 million barrels per day in the corresponding period of 2023-24, according to data from energy cargo tracking firm Vortexa.
Economists Say Consumption Growth Estimate Optimistic
● Slack in urban demand persisting
New safety features for heavy vehicles soon
● Minister says need to consider limiting drivers' working hours
ICC explores two-tier Test cricket system
ICC chief Jay Shah will meet Cricket Australia chair Mike Baird and his England counterpart Richard Thompson to discuss the finer points
