Former Governors have done great service. The extension or otherwise of the Governor, RBI, should not depend on who is the FM but on some sound principles. Subba Rao is an intellectual with unimpeachable integrity which is proving to be a rare combination nowadays. I have been given to understand that he is a gentleman and does not wish to act tough when the situation demands it. While he should be fair and impartial, he should also make it clear as to who is the Boss when needed and when any of his subordinates acts arbitrarily.
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