Kochi : Inherent strengths of Kerala should be evaluated while evolving a long-term development strategy for the State, said Subir Gokarn, Deputy Governor, Reserve Bank of India (RBI). Addressing a session on financial services as part of the Emerging Kerala summit here on Friday, he called for measures to ensure meaningful financial inclusion. Barriers to growth and policy interventions should be studied for a proper perspective. Innovations driven by specific needs and the ability to scale up were important factors in the development scenario, but unbridled innovation would be harmful, he said..........
The very purpose of VITALINFO is to provide a platform for wider dissemination of updated information related to and happening of events in and around RBI.
1 comment:
Deputy Governor Gokarn’s was a lone sane voice in the sound and fury created by the indoor festival that was “Emerging Kerala” in Kochi. Kerala has all the potential to develop at par with some of the developed countries. A long sea shore, round the year comfortable weather, several rivers that can provide energy (electricity), irrigation and transport facilities in that order, across the state literacy of over 90 per cent, substantial remittances from abroad, geography, history and topography which can attract tourists round the year and so on are blessings other states in India do not share. These inherent strengths did not get factored in, in the UTSAV that was Emerging Kerala. One wishes RBI Deputy Governor’s mention about inherent strengths open the eyes of powers that be take the initiative forward. What we saw was all including the intelligent CM getting lured by the promise of ‘investment’ (read more per capita debt and a rise in import which will have an impact on forex position).
Post a Comment