My View on "Regulators function as Nawabs: Srikrishna":
The original Srikrishna while giving 'GEETOPADESHA' to Arjuna took ample care to take the disciple into confidence at every stage, by allowing him to raise doubts and clearing them 'online'. Gita was a 'consensus' report. Justice Srikrishna failed to convince (about the stance he took while writing the report) four out of seven members who signed the FSLRC report. Time will tell who behaved like 'NAWABs'
- M.G.Warrier
1 comment:
Justice Srikrishna should have come out in the report how to improve the legal system of the country instead of taking away the powers of a very well functioning institution with all limitations. RBI has earned a name and has got recognition from all over the world. Once the limited autonomy it enjoys is taken away, the mess that the financial system particularly the banking system and the chaos that the economy may face are something unimaginable especially when the legal system in the country cannot provide any sort of relief.Time the legal system is revamped first before venturing into changes elsewhere.
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