2.  The state of Indian economy during last 50
years
 Shows performance of different RBI’s
governor during their tenure
 Appointment of Ragu ram Rajan- 23rd
governor of RBI
 His main initiatives to save the economy

3.  was appointment of 23rdgovenor of RBI
proved fruitful for the Indian economy???
 Is RBI saviour of Indian economy?
 What are the steps taken by RBIand its
impacts?

4.  Recommendation of RBI in 1926 by the royal
commission of Indian currency
 RBI act in 1934
 First governor of RBI sir Osborne smith
 First currency note in 1938
 Was under private sector up to 1949(
nationalisation of banks)

5.  Nationalisation of banks in 1949
 1951 introduction of five year plan
 Formation of SBI in 1954
 In 1956 system of note issuing was changed
, from proportional reserve system to
minimum reserve system
 Amalgamation of banks in 1960

6.  1973-foreign exchange regulation act 1973
was formed
 1991- external payment crisis
 1991- formation of narasimham committee
 1992- concept of treasury bills

7. C
rangarajan(
1992-1997)
Bimal jalan (
1997-2003)
Ym reddy(
2003- 2008)
Dr subbarao(
2008- 2013)
appointment Financial
reforms
Asian
financial crisis
Stable time Collaspe of
gobal
economy- the
great
depression
challenges Development
of economy
control of
inflation, debt
mgt
Global
imbalances
achievements Bop, low
inflation
Tight
monetary
policy
High
monetary
policy
failures Govt blamed
rbi

8.  23rd governor in 2013
 Predicted 2008 crisis well in advance
 In 2012 appointed as advisor to chief finance
minster
 Steps taken by him are:-
 Stops rupee falling
 Swap window for NRI
 Allowed banks to borrow overseas
 Appreciation of rupee by 2.5%

9.  First 2 months, raised central banks rate to
curb inflation
 Mounting WPI, CPI and food inflation
 No effect of monetary policy on inflation
 Current deficit because of falling of rupee
 Large Oil & gold imports

10.  Decrease in repo rate (6.75%)
 Setup of 11 payment banks
 Allowed foreign entities to invest in govt
bonds
 Decrease in inflation rate( 4.37%)
 Controlled fiscal deficit (3.99%)
 Lowering lending rates ( house loan, edu
loan )

11.  Enough forex reserve around $355bn
 No impact of Greece debt crisis because of
no direct imports
 Concept of make in India $ digital India,
every country want to invest here

12.  Widening gap between WPI and CPI
 Structure of CPI
 Food inflation can rise anytime
 Hoarding, wastage, uncertainty of rain
 Banks may averse to lowering lending rates
due to high NPA and high rate of interest on
SSC
 Inflation can increase due to instability in
middle east countries

13.  Food inflation cant be controlled by interest
rates
 Adversely impacted by devaluation of
Chinese currency

14.  RBI has met demand of govt
 High time for govt to supplement the efforts
of RBI
 Time for India to nurture the benefits of
demand , democracy to prove its potential of
making 21st century- Indian century