G S Sandhu

High interest rates may be painful in short-run, will help tame inflation: RBI chief Rajan

Rajan, who has been under fire for keeping the interest rates high for long, explained that in the face of bottlenecks on supply sides, the RBI is seeking to keep some control over the demand side by keeping the interest rates high.<br />

India needs effective bankruptcy code: RBI Governor Rajan

Rajan said he was hopeful that the code embedded in the amended Companies Act passed last year will help things.