Panaji, Feb 20 (IANS) There are far too few people in the government who can even prepare a budget, Reserve Bank of India (RBI) Governor Raghuram Rajan said Friday adding that well-trained economists were at a premium throughout the government sector.
"(There are) too few people who can prepare a budget, too few people who can do public debt management. We need far more capacity in government," Rajan said while speaking at an ongoing lecture series here.
The RBI governor's comment comes ahead of the budget session of Parliament, where union Finance Minister Arun Jaitley is expected to present the first full budget of the National Democratic Alliance government (NDA).
As the economy develops, the country would need specialists with domain knowledge and experience in many areas of governance and regulation and there are few going around, Rajan said.
"For instance, well trained economists are at a premium throughout the government. There are far too few Indian Economic Service officers to go around and I know because I was for a little while, the head of the service and got constant requests," Rajan said.
How long does the vaccine effect last after the COVID-19 vaccine? Know
Coronavirus has created a furore in countries around the world and hence all governments have als
Russia has said that it has no doubts about the victory in the Ukraine war. He believes that vict
Yellow rust partially hits wheat crop in Himachal
Shimla, March 31 (IANS) A fungal disease called yellow rust, caused by the untimely heavy rainf
All the major intelligence agencies of the world including America, Britain, and Israel were trou
India-Pakistan Relation: There has been a big disclosure about the relationship between India and
694 Indian students stranded in Ukraine's Sumi city have been rescued. All these students reached
The country's foreign exchange reserves increased by $2.9 billion to reach $550.142 billion in th
North Korea's official newspaper warned that relying on outside aid to deal with food shortages w
The country is celebrating independence on Monday. Meanwhile, India has handed over a Dornier air
Political turmoil has intensified in the case of an attack on Maharashtra BJP leader Kirit Somaiy