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Carney is yet to make his mark, unlike Manmohan

Mint Mumbai

|

March 18, 2025

The career path of Canada's new PM bears remarkable parallels with that of India's late central-banker-turned-politician Manmohan Singh. Carney's challenges, of course, differ

Carney is yet to make his mark, unlike Manmohan

Mark Carney, sworn in as the 24th Prime Minister of Canada on Friday, is a newbie in the world of politics. But then, so was the late Manmohan Singh, till former Prime Minister Narasimha Rao made him our finance minister in 1991. Indeed, the parallels between the paths taken by Singh and Carney are uncanny. Both pursued higher studies in Economics at Oxford University and went on to get their doctorate degree from Nuffield College: Singh in the early 1960s and Carney in the early 1990s. In age, they're 33 years apart. Both served as the heads of their respective central banks. Manmohan Singh was the 15th governor of the Reserve Bank of India (1982-85). Carney, the head of two central banks, was the eighth governor of the Bank of Canada (2008-2013) and then the 120th governor of the Bank of England (2013-2020), the first non-Briton in its history of more than three centuries to lead it. While Singh came from India's Planning Commission to head RBI, Carney served as deputy governor in the Bank of Canada before returning to head it

FLERE HISTORIER FRA Mint Mumbai

Mint Mumbai

BYD bursts into top 5 of India's EV firms

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time to read

2 mins

December 02, 2025

Mint Mumbai

Mandatory govt app on phones may spur industry pushback

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time to read

3 mins

December 02, 2025

Mint Mumbai

Mint Mumbai

India's CAD moderates in Q2

India’s current account deficit (CAD) moderated in the July-to-September quarter on the back of a lower merchandise trade deficit, the Reserve Bank of India said on Monday.

time to read

1 mins

December 02, 2025

Mint Mumbai

GST reset riddle

India’s latest data on goods and services tax (GST) collections was keenly awaited as a signal of the impact of midyear rate cuts.

time to read

1 min

December 02, 2025

Mint Mumbai

MEGA BANK MERGER: WILL IT AMPLIFY RISK?

The government is reportedly preparing for another round of public sector bank (PSB) consolidation, five years after the last major merger exercise brought the number of state-owned lenders down to 12 from 27.

time to read

3 mins

December 02, 2025

Mint Mumbai

Anil Ambani moves SC over fraud tag

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time to read

1 min

December 02, 2025

Mint Mumbai

Mint Mumbai

Mehli Mistry quits Ratan Tata’s Small Animal Hospital

Tata Trusts’ former trustee and late Ratan Tata’s close confidant, Mehli Mistry, has resigned from the board of his friend's cherished project, Small Animal Hospital Trust, which claims to have become India’s largest specialty hospital for pet animals.

time to read

1 mins

December 02, 2025

Mint Mumbai

Mint Mumbai

UK lawmaker Tulip Siddiq sentenced in Bangladesh graft case

Bangladesh court sentenced British lawmaker and former minister Tulip Siddiq in absentia to two years in jail on Monday in a corruption case involving the alleged illegal allocation of a plot of land, prosecutors said.

time to read

1 min

December 02, 2025

Mint Mumbai

Rupee at record low, no US deal drags

The rupee slid to a record low on Monday, pressured by maturing non-deliverable forward positions alongside a persistent bearish pall on the currency as India remains the among the few major economies without a trade deal with the US.

time to read

1 min

December 02, 2025

Mint Mumbai

Mint Mumbai

KOCHI'S BOATS CHART A NATIONAL COURSE

India wants to modernize its ancient waterways for mass transit. Can it be a game changer?

time to read

8 mins

December 02, 2025

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