Days after former RBI Governor Raghuram Rajan raised doubts over the government’s recently-proposed overseas debt plan, Chief Economic Advisor (CEA) Krishnamurthy Subramanian said that the points raised by the former would surely be taken into account.
The revised regulations provide policyholders with better propositions in terms of enhanced surrender value for non-linked products, increased revival period also, enhanced flexibility.
The trade-reliant economy took a sharp downturn in the second quarter, prompting analysts to downgrade growth forecasts for this year and predict a possible recession.
The relinquishment of my responsibilities as Managing Director announced previously will remain in effect until then," Lagarde said in a statement. David Lipton remains the IMF Acting Managing Director in the interim period.
