...This same quality of independence will be especially important in awarding bank licences. Central bankers gain credibility by taking tough decisions, and Mr Rajan's RBI is bound to be a beneficiary if bank licences are awarded through a transparent and accountable process. All of India is watching, and the RBI, which remains one of India's few respected public institutions, must be beyond reproach on this delicate issue.....
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1 comment:
It is all the more important to be independent & firm while keeping national interest. He is there to serve the economy & not his employers.He has to reveal his independence & autonomy of RBI on a regular basis. Ranjit Kumar Rehan M-406
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