When Sitharaman echoed Rajan in Parliament

Brut India

The one time Raghuram Rajan and the Union government agreed on something...

Transcript

00:00He took the name of an economist and said that look, he spoke against you like this.

00:08Sir, he is used to taking the name of one economist only.

00:12He won't take the name of any economist in the rest of the world.

00:15Take the name of an economist like this.

00:19I can't give a certificate to the government.

00:30In Sri Lanka and in Pakistan too,

00:58Amrukh sir, in which direction is India going?

01:01Will India also face something in the coming time as of now?

01:06No, I think India is in a different place.

01:14We have a lot of foreign exchange reserves,

01:21around 565 crores.

01:24They don't have any reserves.

01:26RBI has done a good job in increasing the reserves.

01:32We have a buffer.

01:35If the price of oil increases,

01:38then our problems are not so serious.

01:42Like the problems of Sri Lanka and Pakistan.

01:48Our debt is also not so much.

01:52The foreign debt is also very less.

01:54Raghuram Rajan said that RBI has done a good job

02:04in increasing the foreign exchange reserve in India,

02:09insulating India from problems being faced

02:13by neighboring countries such as Pakistan and Sri Lanka.

02:17So, we should not let the problems of Pakistan and Sri Lanka happen.

02:24RBI has done a good job by doing this.

02:27This is his tip.

02:29And this is also,

02:31differentiating India from its vulnerable neighbors.

02:36Sri Raghuram Rajan further added

02:39that New Delhi is less indebted,

02:43calling it a good sign.

02:46I just read the debt to GDP figures.

02:50I also read the numbers in front of you.

02:52Raghuram Rajan is also mentioning that.

02:56The New Delhi government has done a good job

03:01in keeping the debt low.

03:03Inflation is present all over the world.

03:06It is also present in India.

03:08RBI is increasing the interest rate.

03:11So, it will be beneficial.

03:14Inflation will decrease in some time.

03:18Inflation is mostly in fuel and food.

03:23So, food inflation will come down.

03:27We are seeing food inflation in the world.

03:32There is also some seasonality in food inflation in India.

03:35It may come down.

03:37What we have to see is the core inflation,

03:41the services inflation.

03:43How to bring it down?

03:45RBI is increasing the interest rate.

03:48It will make a difference in some time.

03:51Aditya Ranjan is worried about inflation.

03:55What does Raghuram Rajan have to say?

03:59At present, there is inflation all over the world.

04:03But, of course,

04:05he did not say about measures

04:08we have taken from the government,

04:10from the Ministry of Finance

04:12to reduce the cost of imports

04:14like edible oil, masoor dal and so on.

04:19Central government has reduced customs duty

04:23on crude palm oil

04:25from 35.75%

04:27Aditya, listen.

04:2935.75%

04:31to first 8.25%

04:34and now to 5.5% only.

04:38So, drastically bringing down the duty

04:42and making it possible

04:44to bring edible oil,

04:46in this case palm oil

04:48so that common people

04:50and their edible oil prices

04:52can come down.

04:54I think there are many problems

04:56in front of the government

04:58but the problem of unemployment

05:00is the biggest.

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