The Root of Stagnancy

..... Take the decision of the new RBI Governor, Raghuram Rajan, as a contrast. A brilliant visionary as he is, after assuming office he passed a decree that any bank could open a branch without RBI clearance — only the usual rules would be followed and the clearance issues would come up later on. This is a smart and neat way of doing things in the era of liberalization. .............

Read - The Sentinel, Assam