Subramanian raised apprehensions about the handling of the rising non performing assets (NPAs) and indicated that a lot needed to be done, a member who was present in the meeting said on the condition of anonymity.
Outgoing Chief Economic Adviser Arvind Subramanian on Wednesday expressed scepticism over the handling of the mounting NPAs crisis as he praised former RBI governor Raghuram Rajan for identifying the lacuna and trying to resolve it, sources said.
Subramanian who appeared before the parliament's committee on estimates, headed by veteran BJP leader Murli Manohar Joshi, was not convinced that the NPA issue would be resolved within a year or two, as claimed by the bankers, sources said.
He raised apprehensions about the handling of the rising non-performing assets (NPAs) and indicated that a lot needed to be done, a member who was present in the meeting said on the condition of anonymity.
Subramanian, the former economist at the International Monetary Fund (IMF) was forthcoming in his briefing to the panel and mentioned that the former RBI Governor was instrumental in identifying the problem, another member said.
Know more: https://www.moneycontrol.com/news/business/economy/cea-subramanian-praises-rajan-for-identifying-npa-problem-2700171.html?platform=hootsuite
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