......Both BJP and Rajan want inflation to come down and if indeed that’s the case, what’s the problem? Why would BJP-led government—if it assumes power —show the door to Rajan? There’s a catch. BJP is not fond of the idea of tackling inflation through interest hikes, which Rajan has been doing, because the party believes that price rise is an outcome of supply-side issues. If it assumes power, one can presume it will address those issues and since Rajan has gone on record saying that he would not adopt a sledgehammer approach to bring down inflation, it’s safe to presume that both the new government and governor will coexist peacefully..............
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1 comment:
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.
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