My View on Will NaMo And Raghuram Rajan Work Together?
There are reports in the press for some time now that Dr Raghuram Rajan may not be allowed to continue as the Governor of RBI if NDA comes to power at the centre. These are 'inspired' reports at the behest of some elements who for their own reasons do not wish Dr Raghuram Rajan to be at the helm of the central bank of the country. Shri Modi has been known to support competent civil servants and is stated to believe in implementing his policies and in running the state/ country with their help as he is only too aware of the position that a member of the ruling party who is competent does not always get the solid backing of his party for a ministerial post.The converse, viz.a member of the ruling party who is not known for his knowledge and competence but gets the support of members of his party for a position in the Council of Ministers for various reasons (which are not better listed !), is also true. It is, therefore, very unlikely that Shri Modi would be foolish to deprive himself of the services of a giant in the International Finance area. It would not be unfair to even suggest that the IAS lobby could also be behind such reports as the bureaucrats in the Finance Ministry cannot boss over Dr Raghuram Rajan and would have to be content with playing second fiddle to him. It is high time that the Central bank of the country got a person of the stature of Dr Raghuram Rajan who should be given extension of service for another two years well before his present term of three years expires. He could transform the financial sector of the country in this period of 5 years provided he is backed up by the Prime Minister ( Shri Modi).
- A.Chandramouliswaran
Quite matured as they are both the PM in the making and the present Governor have the national interest upper most in their minds. Rating of Gujarat on some announced criteria should not bother NAMO since he as a good leader should be able to take such controversies as academic. The country need not wait in bated breath but with positive hope.
- Dr. Yerram Raju
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