Try GOLD - Free
Carney is yet to make his mark, unlike Manmohan
Mint Hyderabad
|March 18, 2025
The career path of Canada's new PM bears remarkable parallels with that of India's late central-banker-turned-politician Manmohan Singh. Carney's challenges, of course, differ
-
Mark Carney, sworn in as the 24th Prime Minister of Canada on Friday, is a newbie in the world of politics. But then, so was the late Manmohan Singh, till former Prime Minister Narasimha Rao made him our finance minister in 1991. Indeed, the parallels between the paths taken by Singh and Carney are uncanny. Both pursued higher studies in Economics at Oxford University and went on to get their doctorate degree from Nuffield College: Singh in the early 1960s and Carney in the early 1990s. In age, they're 33 years apart. Both served as the heads of their respective central banks. Manmohan Singh was the 15th governor of the Reserve Bank of India (1982-85). Carney, the head of two central banks, was the eighth governor of the Bank of Canada (2008-2013) and then the 120th governor of the Bank of England (2013-2020), the first non-Briton in its history of more than three centuries to lead it. While Singh came from India's Planning Commission to head RBI, Carney served as deputy governor in the Bank of Canada before returning to hea
This story is from the March 18, 2025 edition of Mint Hyderabad.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Mint Hyderabad
Mint Hyderabad
The many harms of unregulated HIMALAYAN TREKKING
The rise of mass-market trekking at dirt-cheap prices is ruining the mountains due to an increase in litter and habitat destruction
8 mins
May 23, 2026
Mint Hyderabad
Rediscovering Ray’s masterpieces
An ongoing show of colour photographs of Satyajit Ray by Nemai Ghosh opens up a whole new perspective on the director's life and legacy
2 mins
May 23, 2026
Mint Hyderabad
Hindalco profit dips on heat from Novelis fire
FY26 profit dips 16% mainly due to ₹6,963 crore expense at Novelis
2 mins
May 23, 2026
Mint Hyderabad
In his debut memoir, Rahul Akerkar bares it all
Split chins. Cut fingers. Toxic boardrooms. Idyllic days on the Mediterranean. Who would guess we are talking not about the latest potboiler, but chef Rahul Akerkar’s memoir, Biting Off More Than I Can Chew (HarperCollins India).
3 mins
May 23, 2026
Mint Hyderabad
Dalmia buys JAL cement units from Adani for ₹2,850 crore
It’s third-time lucky for Puneet Dalmia, whose Dalmia Bharat Ltd has finally succeeded in acquiring the cement assets of bankrupt Jaiprakash Associates Ltd from the Adani Group for ₹2,850 crore.
2 mins
May 23, 2026
Mint Hyderabad
LTM buys Randstad units for $186 mn in boost for revenue
Acquisition of tech and consulting business represents €469 million in annual revenue
2 mins
May 23, 2026
Mint Hyderabad
Go beignet hopping across Louisiana
This pillowy square of fried dough, dusted with sugar, is part and parcel of everyday life
3 mins
May 23, 2026
Mint Hyderabad
‘Momo cuts across class and caste’
Tribeny Rai on defying stereotypes and the challenges of making her debut feature in Sikkim
4 mins
May 23, 2026
Mint Hyderabad
Data centre, GCC biz see new users
Non-IT companies, including real estate, staffing and cab-hailing platforms, are setting up global capability centre (GCC) practices or investing in data centres to capitalize on growing technology needs as automation tools rewrite how companies run their businesses.
2 mins
May 23, 2026
Mint Hyderabad
AI firm C5i revives IPO plan to raise ₹1,200 cr
Artificial intelligence (AI)-led analytics firm C5i, formerly known as Course5 Intelligence, has revived plans to raise ₹1,000-1,200 crore through an initial public offering (IPO), nearly three years after shelving its earlier listing attempt due to weak market conditions, according to two people familiar with the matter.
1 min
May 23, 2026
Listen
Translate
Change font size

