Word: palaniappan
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Dates: during 2000-2009
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...which it lends to banks by a full percentage point in an attempt to ease credit markets. In India, policymakers promised to continue to act to keep the financial sector functioning. "If need be, we will take further measures to infuse liquidity in the market," India's Finance Minister, Palaniappan Chidambaram, told reporters...
...academics and other influential types. The hand wringing over the world's economic, social and political problems. The search for creative solutions. The schmoozing. The parties. And, this year, the waft of curry overpowering the heavy Schweizerdeutsch fare. India everywhere, said the signs, and it was. The Finance Minister, Palaniappan Chidambaram, and the Commerce and Industry Minister, Kamal Nath, turned up from Delhi, as did the deputy chairman of the Planning Commission and a cluster of top Indian chief executives. An organization called the India Brand Equity Foundation left pashminas in the hotel rooms of all attendees and distributed Apple...
...panel, entitled “Finding Balance in the Global Economy,” was chaired by Financial Times commentator Martin Wolf. Other participants included Palaniappan Chidambaram, the Indian finance minister; John A. Thain, chief executive of the New York Stock Exchange; and Jean-Claude Trichet, president of the European Central Bank in Frankfurt...
...Undemocratic, not-so-free-market China continues to set the economic pace with GDP growth exceeding 9%?a fact that seemed to dampen enthusiasm in New Delhi in the face of otherwise encouraging circumstances. In Asia, "China is clearly the leader of the flock," conceded India's Finance Minister Palaniappan Chidambaram. "India is still just part of the flock." That chronic inferiority complex is rooted in industrial policy envy. China maintains a big advantage over India in sectors such as manufacturing, said Chidambaram, because its central government dictates "with brutal efficiency" such initiatives as the construction of commerce-greasing infrastructure...
...minor industry built around a comparative evaluation of India and China." This exercise is bound to give the former an inferiority complex. India underperforms China on just about every economic indicator. Its economy is smaller, and its growth rates, while impressive, are lower than China's. When Finance Minister Palaniappan Chidambaram made his budget speech to India's Parliament in February, he noted that the mainland's Finance Minister, during a recent G-7 meeting, "looked in my direction and told the gathering that China had received $500 billion worth of foreign investment since China opened its economy...