All about Raghuram Rajan – 23rd governor of the Reserve Bank of India

September 4, 2013

What you should know about the new governor:

1. Raghuram Rajan is the 23rd governor of the Reserve Bank of India. He has been appointed for a period of three years, and will take charge from D. Subbarao, who is exiting after an extended five-year term.

2. This will be Mr. Rajan’s second assignment in the country. He was appointed the Chief Economic Adviser to the Finance Ministry in August last year.

3. He was the Economic Counselor and Director of Research (simply put, the chief economist) at the International Monetary Fund from September 2003 till January 2007.

4. Mr. Rajan’s claim to fame is his prediction of the 2008 global financial crisis. In his paper titled Has Financial Development Made The World Riskier?, which he submitted in November 2005, Mr. Rajan wrote: “But perhaps the most important concern is whether banks will be able to provide liquidity to financial markets so that if the tail risk does materialize,…” The response to this paper was negative.

5. Mr. Rajan has worked as the Eric J. Gleacher Distinguished Service Professor of Finance at the University of Chicago’s Booth School of Business.

6. Mr. Rajan has also served as the Bertil Daniellson Visiting Professor of Banking and Finance, Stockholm School of Economics, 1996-97; Visiting Professor of Finance, Northwestern University, 1996-97, and the Fischer Black Visiting Professor, Massachusetts Institute of Technology, 2000-01.

7. In January 2003, the American Finance Association awarded Mr. Rajan the inaugural Fischer Black Prize, given every two years to the financial economist under age 40 who has made the most significant contribution to the theory and practice of finance.

8. He is the author of the popular book Fault Lines: How Hidden Fractures Still Threaten the World Economy, where he has argued that serious flaws in the economy are to blame for the current economic crisis, and warns that a potentially more devastating crisis awaits us if they aren’t fixed.

9. He earned his bachelor’s degree in electrical engineering from IIT-Delhi, before pursuing his MBA in 1987 from the Indian Institute of Management, Ahmedabad, followed by a PhD in 1991 from Massachusetts Institute of Technology. He was a gold medalist at both IIT and IIM.

10. Rajan, 50, was born in Bhopal on February 3, 1963. He comes from a Tamil family and is married to Radhika, a classmate from IIM. They have two children.

Source: http://profit.ndtv.com/news/cheat-sheet/article-raghuram-rajan-10-things-to-know-about-the-new-rbi-governor-326728

 

 


Top five things which should never be shared on Facebook

September 3, 2013

The social media has become an integral part of everyday life but users need to be aware of what and how much they share on sites like Facebook which might be used by malicious hackers.

Those users who use the name of their pets as password for their social media account should try and avoid revealing it online and a recent research by Google indicated that 1 in 6 people use their pet’s name as password.

Another of such social media shares which make a strict no-no is one’s mother’s maiden name, which is a security question asked by a bank and users who have their family added in their social media account should keep their privacy settings high in order to avoid any hacking, metro.co.uk reports.

Apart from mother’s maiden name, security question related to first school attended can also be used as a potential tool for hacking into one’s account.

The report said that revealing one’s birth date is equally sensitive to be put online and if someone wants to reveal, they shouldn’t mention the year.

Source: DNAIndia


Top 10 stocks to buy in uncertain times

September 3, 2013

Top 10 stocks to buy in uncertain times

  1. L&T: The stock is trading at decade low valuation.
  2. HDFC Bank: Consistency will lead to premium valuation.
  3. Reliance Industries: Myopic market is ignoring long-term value.
  4. Coal India: High risk reward with low risk.
  5. M&M: Rural consumption will lead to re-rating.
  6. Ranbaxy: Top Pharma pick with target of Rs. 675.
  7. BPCL: Upstream investment value equals its entire stock price.
  8. Prestige Estates: Rental income to lead to 100 per cent upside in 3-year.
  9. Eicher Motors: Company well positioned for strong growth. Royal Enfield will cruise along for high growth.
  10. Gujarat Pipavav Port: Recovery in container volume will lead to growth.

 

Source : NDTV Profit