- Financial
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- Nov 07, 2020
Urjit Patel Quotes
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- Last Updated on May 30, 2021
- Fast
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- Nov 07, 2020
Remonetisation has happened at a fast pace, and that was part of the plan that, subsequent to the withdrawal of the specified bank notes, our production plans and supply processes would ensure that the remonetisation happened as quickly as possible.
- Important
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- Nov 07, 2020
I think it is important that we should be on the side of keeping borders open with respect to trade and movement of factors of production.
- Keep
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- Nov 07, 2020
The monetary policy committee could either keep rates constant, increase them, or bring them down. There are three options possible compared to when it is accommodative.
- Better Off
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- Nov 07, 2020
As many have pointed out, it is not clear that we need so many public sector banks. The system could be better off if they are consolidated into fewer but healthier banks.
- Need
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- Nov 07, 2020
One of the things that the public sector banks need to do is to raise private capital from the market and not rely on government largesse.
- Confidence
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- Nov 07, 2020
The materialisation of reforms in the form of rollout of the GST, the institution of Indian Insolvency and Bankruptcy Code, and the abolition of the Foreign Investment Promotion Board should boost investor and investment confidence.
- Growth
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- Nov 07, 2020
If one sees far, structural changes that come with temporary disruptions can be growth- and efficiency-augmenting in the medium to long term.
- Inflation
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- Nov 07, 2020
It is important to recognise near- and medium-term risks to the inflation outlook.
- Central Bank
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- Nov 07, 2020
The best way that a central bank can support growth on a durable basis is to ensure inflation is low, stable - there is financial stability - and that is the role that the central bank plays.
- Growth
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- Nov 07, 2020
Very few countries grow at high rate if inflation is high and volatile. I think, in a way, we are doing our bit to support a higher growth rate, but on a durable basis.
- Ensure
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- Nov 07, 2020
There are some things that are under our control, and that is to ensure that we ourselves follow sound macroeconomic stability rules.
- Hawks
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- Nov 07, 2020
An owl is traditionally a symbol of wisdom, so we are neither doves nor hawks but owls, and we are vigilant when others are resting.
- Finance
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- Nov 07, 2020
From the RBI side, the fake Indian currency note is an important issue that needed to be addressed. The other collateral benefits from this, in terms of greater accountability, better public finance, more transparency, are, by definition, areas that take time to fully play out.
- Process
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- Nov 07, 2020
I think India's policy that the openness of trade should be carried through a multilateral process is the right one.
- Policy
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- Nov 07, 2020