Thursday, May 1, 2014

Why Rajan stands out

..........Rajan is a person of international standing academically and also as a financial expert. He was appointed to the office, which he eminently deserved, for a fixed term after adopting a well-laid down procedure. Any new government trying to tamper with his appointment would have to think many times before doing so. It would also tantamount to the incoming government being accused of encroaching on the autonomy of the country's central bank (which any democratic regime swears by) at its very start..............

Posted by VITALINFO at 7:19:00 AM

1 comment:

www.warriersblog.com said...

Very realistic analysis. By discussing more, we may be, in a way helping gossip-mongers and certain vested interests which are not comfortable about the stability in the Indian financial sector which is being preserved during these tough times. There were no two views about the selection of candidate for appointment of RBI Governor when Dr Raghuram Rajan was offered the post. With the exception of some media persons and some politicians who are not holding any responsible position, no one has raised any doubt about Dr Rajan’s continuance post-Election 2014. The people who go on opening up discussion again and again are unaware of how RBI functions or are interested in destabilising the Indian economy.

May 1, 2014, 1:26:00 PM

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