..............Reserve Bank of India Governor Duvvuri Subbarao, who has steadfastly refused to cut high interest rates to ensure price stability, is likely to find intellectual reinforcement from Urjit Patel, the new deputy governor of the central bank. The 49-year-old, a cricket and football fan from The Boston Consultancy Group, will have a two-year term at RBI in policymaking, succeeding Karl Marx lookalike Subir Gokarn.................
1 comment:
The statement “Probably, it chose a person with credibility and independent views to further raise the credibility of RBI, than pushing its own agenda”, perhaps, is too benevolent. In the recent past many right choices in India did happen by accident rather than conscious choice. Yes, I have T N Seshan as Election Commission, Dr Manmohan Singh as PM, Vinod Rai as CAG, Pranab Mukherjee as President and Urjit Patel as RBI Deputy Governor in mind, among others. I only pray, Urjit Patel doesn’t opt out after reading this article!
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