347 647 9001+1 714 797 8196Request a Call
Call Me

Raghuram Rajan lashes at Uber

January 2, 2015
, , ,

Uber, already under fire for the alleged rape in Delhi, is now under fire from RBI’s chief Raghuram Rajan for using overseas payment system.

Raghuram Rajan in an interview with NDTV that Uber was using payment system to conduct transactions overseas which was in violation with Indian regulations. He gave a warning to the second largest valued start-up in the world that India will not tolerate such violations irrespective who the violators are.

Raghuram Rajan added India is seeking to establish a new financial framework to keep pace with the country's burgeoning e-commerce sector, which features varying business models, so that it can flourish in the country.

"We want to encourage that kind of thing (e-commerce) - we certainly have to recognise new technologies as they come and make adjustments to the fact they operate in a different fashion," said Rajan.

"We have some solutions coming that are without too much 'jhanjhat' (trouble) to solve them," Rajan added.

Under the dynamic and visionary leadership of Raghuram Rajan, Indian Forex reserves now stand at $319.99 billion. The all-time high back in September of 2011 is $320.78 billion. This puts the country at a better footing than before in terms of external vulnerabilities.

Raghuram Rajan, has played an instrumental role in devising many policies that are key to strengthening the economy.


About the Author

Trusted by Fortune 500 Companies and 10,000 Students from 40+ countries across the globe, it is one of the leading International Training providers for Finance Certifications like FRM®, CFA®, PRM®, Business Analytics, HR Analytics, Financial Modeling, and Operational Risk Modeling. EduPristine has conducted more than 500,000 man-hours of quality training in finance.


Global Association of Risk Professionals, Inc. (GARP®) does not endorse, promote, review or warrant the accuracy of the products or services offered by EduPristine for FRM® related information, nor does it endorse any pass rates claimed by the provider. Further, GARP® is not responsible for any fees or costs paid by the user to EduPristine nor is GARP® responsible for any fees or costs of any person or entity providing any services to EduPristine Study Program. FRM®, GARP® and Global Association of Risk Professionals®, are trademarks owned by the Global Association of Risk Professionals, Inc

CFA Institute does not endorse, promote, or warrant the accuracy or quality of the products or services offered by EduPristine. CFA Institute, CFA®, Claritas® and Chartered Financial Analyst® are trademarks owned by CFA Institute.

Utmost care has been taken to ensure that there is no copyright violation or infringement in any of our content. Still, in case you feel that there is any copyright violation of any kind please send a mail to and we will rectify it.

Popular Blogs: Whatsapp Revenue Model | CFA vs CPA | CMA vs CPA | ACCA vs CPA | CFA vs FRM

Post ID = 69238