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Funding CAD Should Be Rajan’s Top Priority: Bimal Jalan

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August 7 : As Raghuram Rajan readies to take over as the RBI governor in September, former RBI governor Bimal Jalan talks about the main challenges he will face. He discusses the likely changes in RBI stance in tackling current account deficit, low growth and forex issues. Rajan needs to find a way to fund CAD regardless of US quantitative easing tapering, he says, adding that it is crucial that the RBI and finance ministry have the same agenda on reforms.