My View on "Should the new government sack Rajan?":
To write such articles without any research on the outcome of poll results is an insult to the institution of RBI. In my opinion, Mr Modi is making all his speeches as though he is already the PM of the country. Perhaps, this overconfidence and rhetoric had cost BJP its elections 2004 when they claimed 'India Shining'. They never mention that NDA will form the govt. Instead Mr Modi goes on telling that BJP would form the govt. It only shows their short-sightedness and little respect for coalition partners. Even if they take about 150+ seats and Congress around 120+ seats, it is more likely that UPA would form the govt this time too. Mr Modi's PM type of speeches would end from 16 May 2014 So, let us not malign a great institution like RBI with such cheap political based articles. Media has responsibility to represent the correct views to the readers and listeners. This article is an exception to this.
- Santhanam
3 comments:
If by chance Modi comes to power and if Mr. Rajan is removed, it will be a big loss for India, since Mr. Rajan will be picked up by US, IMF, World Bank or others. Are we afford to for such an eventuality.
This is unnecessary debate by vested interests. No one from BJP has ever made such comments. People are just speculating and maiigning the great institution. You can read comments of key persons like Modi, Goel and top BJP leaders including Sinha who was FM .
Please do not indulge in such gossip.
porIt is true that no body from BJP has asked for the removal of Shri Raghuram Rajan. He is best GUV in living memory. This debate is an inspired one and actively encouraged by IAS lobby as this prestigious post has been bagged by someone who does not belong to their circle. At present I am in Sydney and I have seen reports that Reserve Bank of Australia is mandated to keep inflation level between 2 to 3% which at present is running at 2.9%. The Australian Government is raising resources by other means like newly introduced Debt tax but not by increasing fiscal deficit or public borrowing. we require such independence.
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