Raghuram Rajan, the former Reserve Bank of India Governor, has shared his concerns regarding the state of the global economy and the challenges it presently faces. According to Raghuram Rajan, despite already experiencing the collapse of three major banks, the world’s largest economy, the United States of America, is still set to face many more challenges. In particular, Rajan expressed alarm at the domino effect, riskless capitalism, simmering time bombs, and long-term issues.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
Concerningly, Rajan believes that the measures employed to save the banking system from collapse are promoting riskless capitalism and are not a sustainable solution.
Also Read: India, Canada agree to increase discussions on movement of skilled professionals, students
Find More International News Here
Silk, often hailed as the queen of textiles, holds a significant place in India's cultural…
World Tuna Day, observed annually on May 2nd, is dedicated to raising awareness about the…
The Ministry of Corporate Affairs (MCA) has granted its approval for the appointment of Hitesh…
India, renowned for its rich tapestry of natural landscapes and cultural heritage, is home to…
Paul Auster, the renowned American novelist and filmmaker, has passed away at the age of…
Renowned playback singer Uma Ramanan, who predominantly sang in Tamil, passed away at the age…