In an unique interview with India Right this moment, former RBI Governor, Raghuram Rajan criticised the proposal of changing the brand new pension scheme to the outdated pension scheme by some state governments. He talked about that such a transfer would act as a barrier to substantial improvement spending in authorities. Rajan additionally burdened on the necessity for efficient focusing on and cautioned towards extending such schemes to the purpose the place they hinder funding in essential areas reminiscent of well being care, vitamin and training. Pay attention in for extra insights from this monetary authority on public spending and governance.