Rajan did not imply world facing new Great Depression: RBI

Last Updated: Sunday, June 28, 2015, 18:40

"We need rules of the game in order to effect a better solution. I think it is time to start debating what should the global rules of the game be on what is allowed in terms of central bank action," he said.

IMF Paper counters Rajan on easy policy being crisis-recipe

Last Updated: Sunday, June 28, 2015, 11:24

With RBI's Raghuram Rajan ringing alarm bells about the world economy facing the Great Depression-like problems, an IMF research paper has countered his views and says monetary policy easing alone can't be blamed for triggering a financial crisis.

Raghuram Rajan warns of Great Depression-like problems in world economy

Last Updated: Friday, June 26, 2015, 10:35

Rajan, who is among the few to have predicted the 2008 financial crisis, said the problem was a "broader" one and for the entire world -- not just for industrial countries or emerging markets.

America has fought back from recession: Obama

Last Updated: Thursday, July 25, 2013, 10:51

Obama said that in the last 40 months, businesses have created 7.2 million new jobs.

US continuing to recover from the worst recession: White House

Last Updated: Saturday, May 4, 2013, 09:18

The US is continuing to recover from the worst recession since the Great Depression, the White House said after the latest jobs report revealed that the unemployment rate for the month of April has dropped to 7.5 percent, the lowest in four years.