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1991 CRISIS SITUATION
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- Better growth in coalition governments: Former RBI governor YV ReddySince economic liberalisation, beginning 1991 under the premiership of Narasimha Rao, India’s GDP growth rate was the highest in fiscal 200...
- 25 years on, Manmohan Singh on rupee, reforms and resolutionThe former prime minister flagged India’s tendency to react to situations once they appear as a crisis as the hurdle in carrying out reform...
- Impact of government measures to be evident over the next few years: Nikhil Vora, IDFC SecuritiesThere are a lot of measures that the government has taken in the last year and their quantum of benefit will eventually come about.
- Current economic situation worse than 1991 crisis: Chandrababu NaiduTDP president Chandrababu Naidu today alleged that India's current economic situation is worse than the crisis it faced in 1991.
- Economic woes not comparable to 1991 crisis: Kaushik Basu, World Bank chiefIndia's economic problems cannot be compared to the country's 1991 balance-of-payments crisis, Basu said.
- Opposition parties attack PM on economic situationOppn parties attacked PM Singh over handling of the economy and demanded a change in policy direction as they warned that the situation cou...
- CPI(M) flays UPA coalition for country's financial situation"If this rate (of fall in the Rupee value) continues, the Rupee will soon touch Rs 80 per US dollar," Sitaram Yechury said.
- CPI(M) blames high current account deficit for falling rupeeThe volatility in rupee value was "bound to happen" due to a very high current account deficit, the CPI(M) said.
- Current account deficit unsustainable at 5% of GDP: RBI chief D Subbarao"We are unlikely to have a BoP crisis like the one we had in 1991", he noted, adding large CAD, fiscal deficit are no doubt concerns.
- Rain shortfall cause for worry: D SubbaraoDeficiency of rainfall is a cause for worry as it might put pressure on some commodities, RBI Governor D Subbarao said here on Monday.
- RBI keeps CRR unchanged at 4.75%. no cut in repo rateRBI said that while growth has moderated, inflation remains above comfort levels. The bank said that factors other than interest rates were...
- RBI rules out 1991-type crisis in 2012Ruling out a repeat of 1991 crisis situation in 2012, RBI Governor said the current economic situation is different from what it was 2 deca...
- Rupee fall will not last long: Prime Minister Manmohan SinghPrime Minister Manmohan Singh on Tuesday said the fall of rupee is a matter of concern but was confident it will not last very long.
- Rupee fall will not last very long: PMThe fall of rupee is taking place against the backdrop of global economic problems and the Euro zone debt crisis.
- Does the Indian economy have a 1991 crisis feel?The steep fall in the rupee, a CAD at 4% of GDP, stalled reforms, weak political leadership, and a limping global economy to boot, no wonde...
- Signals 'disturbing', but not 1991-type situation now: RBIReserve Bank Governor D Subbarao has said that rising fiscal deficit and short-term debt levels are "quite disturbing" but the nation is no...
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