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Rajan has very impressive academic credentials and international experience, he spotted a black swan on one occasion and he is very articulate. However, it seems from the outside that he was not willing to come to terms with India’s political economy. To imagine that the central bank is independent of a nation’s political economy is at best, naïve and at worst, arrogant.
he Prime Minister of India does not decide who his central bank governor should be on the basis of an editorial view of the Economist or a Wall Street fund manager. Nor would the head of government in China or any other large sovereign republic. Those who think he should, and there are many in the globalised financial sector, in academia and in the media who seem to, live in a different world.
Undoubtedly Rajan is a talented professional. He should be a professor at an Indian university (why only in Chicago?), and should write, speak and educate. His lectures will be heard, his books will be read and he will continue to be widely-respected and well-regarded.
But the Reserve Bank of India is not a university.
For far too long has India’s ‘steel frame’ — the Central government — taken this ‘get used to me’ from other institutions of the State. After May 2014, the Indian State has been systematically reminding everyone that the word State comes with a capital S and at its apex lies the prime minister and his office, manned by the IAS.
While other institutions started falling in line, the RBI under Rajan continued to imagine it would remain an exception. Rajan seemed to imagine that he could combine the role of central bank governor with becoming a global public intellectual and media icon without let. The Empire Struck Back, so to speak.
Undoubtedly Rajan is a talented professional. He should be a professor at an Indian university (why only in Chicago?), and should write, speak and educate. His lectures will be heard, his books will be read and he will continue to be widely-respected and well-regarded.
But the Reserve Bank of India is not a university.
For far too long has India’s ‘steel frame’ — the Central government — taken this ‘get used to me’ from other institutions of the State. After May 2014, the Indian State has been systematically reminding everyone that the word State comes with a capital S and at its apex lies the prime minister and his office, manned by the IAS.
While other institutions started falling in line, the RBI under Rajan continued to imagine it would remain an exception. Rajan seemed to imagine that he could combine the role of central bank governor with becoming a global public intellectual and media icon without let. The Empire Struck Back, so to speak.
Rajan has very impressive academic credentials and international experience, he spotted a black swan on one occasion and he is very articulate. However, it seems from the outside that he was not willing to come to terms with India’s political economy. To imagine that the central bank is independent of a nation’s political economy is at best, naïve and at worst, arrogant.
he Prime Minister of India does not decide who his central bank governor should be on the basis of an editorial view of the Economist or a Wall Street fund manager. Nor would the head of government in China or any other large sovereign republic. Those who think he should, and there are many in the globalised financial sector, in academia and in the media who seem to, live in a different world.
rajan should have been at helm for atleast couple of years. The aqr undertaken by him should have seen its logical conclusion. As far as diff with govt on interest rates is concerned ,it is a very regular type of thing with previous guv like reddy, subba too not with govt on same page. Rajan was able to achieve a lot because he was an outsider and things moved at rapid pace during his term. His removal is mainly due to his stand against crony capitalism and some of his too frank statements like make for india instead of make in india etc.
Undoubtedly Rajan is a talented professional. He should be a professor at an Indian university (why only in Chicago?), and should write, speak and educate. His lectures will be heard, his books will be read and he will continue to be widely-respected and well-regarded.
But the Reserve Bank of India is not a university.
For far too long has India’s ‘steel frame’ — the Central government — taken this ‘get used to me’ from other institutions of the State. After May 2014, the Indian State has been systematically reminding everyone that the word State comes with a capital S and at its apex lies the prime minister and his office, manned by the IAS.
While other institutions started falling in line, the RBI under Rajan continued to imagine it would remain an exception. Rajan seemed to imagine that he could combine the role of central bank governor with becoming a global public intellectual and media icon without let. The Empire Struck Back, so to speak.
Rajan has very impressive academic credentials and international experience, he spotted a black swan on one occasion and he is very articulate. However, it seems from the outside that he was not willing to come to terms with India’s political economy. To imagine that the central bank is independent of a nation’s political economy is at best, naïve and at worst, arrogant.
he Prime Minister of India does not decide who his central bank governor should be on the basis of an editorial view of the Economist or a Wall Street fund manager. Nor would the head of government in China or any other large sovereign republic. Those who think he should, and there are many in the globalised financial sector, in academia and in the media who seem to, live in a different world.
rajan should have been at helm for atleast couple of years. The aqr undertaken by him should have seen its logical conclusion. As far as diff with govt on interest rates is concerned ,it is a very regular type of thing with previous guv like reddy, subba too not with govt on same page. Rajan was able to achieve a lot because he was an outsider and things moved at rapid pace during his term. His removal is mainly due to his stand against crony capitalism and some of his too frank statements like make for india instead of make in india etc.
Lolz..empire strikes back when and where need be! Mumbo jumbo chanters keep on theorizing this should happen or that should happen!
Undoubtedly Rajan is a talented professional. He should be a professor at an Indian university (why only in Chicago?), and should write, speak and educate. His lectures will be heard, his books will be read and he will continue to be widely-respected and well-regarded.
But the Reserve Bank of India is not a university.
For far too long has India’s ‘steel frame’ — the Central government — taken this ‘get used to me’ from other institutions of the State. After May 2014, the Indian State has been systematically reminding everyone that the word State comes with a capital S and at its apex lies the prime minister and his office, manned by the IAS.
While other institutions started falling in line, the RBI under Rajan continued to imagine it would remain an exception. Rajan seemed to imagine that he could combine the role of central bank governor with becoming a global public intellectual and media icon without let. The Empire Struck Back, so to speak.
Rajan has very impressive academic credentials and international experience, he spotted a black swan on one occasion and he is very articulate. However, it seems from the outside that he was not willing to come to terms with India’s political economy. To imagine that the central bank is independent of a nation’s political economy is at best, naïve and at worst, arrogant.
he Prime Minister of India does not decide who his central bank governor should be on the basis of an editorial view of the Economist or a Wall Street fund manager. Nor would the head of government in China or any other large sovereign republic. Those who think he should, and there are many in the globalised financial sector, in academia and in the media who seem to, live in a different world.
rajan should have been at helm for atleast couple of years. The aqr undertaken by him should have seen its logical conclusion. As far as diff with govt on interest rates is concerned ,it is a very regular type of thing with previous guv like reddy, subba too not with govt on same page. Rajan was able to achieve a lot because he was an outsider and things moved at rapid pace during his term. His removal is mainly due to his stand against crony capitalism and some of his too frank statements like make for india instead of make in india etc.
Lolz..empire strikes back when and where need be! Mumbo jumbo chanters keep on theorizing this should happen or that should happen!
bhai if u dont have something worthwhile to speak then there is also option of keeping quite.
Undoubtedly Rajan is a talented professional. He should be a professor at an Indian university (why only in Chicago?), and should write, speak and educate. His lectures will be heard, his books will be read and he will continue to be widely-respected and well-regarded.
But the Reserve Bank of India is not a university.
For far too long has India’s ‘steel frame’ — the Central government — taken this ‘get used to me’ from other institutions of the State. After May 2014, the Indian State has been systematically reminding everyone that the word State comes with a capital S and at its apex lies the prime minister and his office, manned by the IAS.
While other institutions started falling in line, the RBI under Rajan continued to imagine it would remain an exception. Rajan seemed to imagine that he could combine the role of central bank governor with becoming a global public intellectual and media icon without let. The Empire Struck Back, so to speak.
Rajan has very impressive academic credentials and international experience, he spotted a black swan on one occasion and he is very articulate. However, it seems from the outside that he was not willing to come to terms with India’s political economy. To imagine that the central bank is independent of a nation’s political economy is at best, naïve and at worst, arrogant.
he Prime Minister of India does not decide who his central bank governor should be on the basis of an editorial view of the Economist or a Wall Street fund manager. Nor would the head of government in China or any other large sovereign republic. Those who think he should, and there are many in the globalised financial sector, in academia and in the media who seem to, live in a different world.
rajan should have been at helm for atleast couple of years. The aqr undertaken by him should have seen its logical conclusion. As far as diff with govt on interest rates is concerned ,it is a very regular type of thing with previous guv like reddy, subba too not with govt on same page. Rajan was able to achieve a lot because he was an outsider and things moved at rapid pace during his term. His removal is mainly due to his stand against crony capitalism and some of his too frank statements like make for india instead of make in india etc.
Lolz..empire strikes back when and where need be! Mumbo jumbo chanters keep on theorizing this should happen or that should happen!
bhai if u dont have something worthwhile to speak then there is also option of keeping quite.
Dharti pe swarg agar kaheen hai to yaheen hai.jo kitabon mein kashmir bataya jata,wo sara sar galat hai. MR. KEMPEGOWDA SHAHER
Aaja mere pg mein.saath mein forum use karenge.ek id se.. Ps ifurntagirl
Yahan kon girl h, kon boy ye bohot doubt ho gya h.
Doubt ko maar goli.mere pas a ja meri hingoli.
Abey roman ko forum se collaborate kr lena chahiye.uski dukaan ke liye sahi rhega
Forum and Soamn ka level ek hi hai...both will gel together One is good for chit chat another for showbaazi!!
Aaj bohot humid h yaar bakait
Abey yahan to pankhey mein jannat.
Kahan? Aur kitni jannat?
Dharti pe swarg agar kaheen hai to yaheen hai.jo kitabon mein kashmir bataya jata,wo sara sar galat hai. MR. KEMPEGOWDA SHAHER
Aaja mere pg mein.saath mein forum use karenge.ek id se.. Ps ifurntagirl
Yahan kon girl h, kon boy ye bohot doubt ho gya h.
Doubt ko maar goli.mere pas a ja meri hingoli.
Abey roman ko forum se collaborate kr lena chahiye.uski dukaan ke liye sahi rhega
Forum and Soamn ka level ek hi hai...both will gel together One is good for chit chat another for showbaazi!!
Pandey ji aapne to sabkee le lee.
Not exactly!!
actually the forum owners have done wonderful job by creating a platform for aspirants to interact informally and help each other..it's like a social networking where people with common interest come together, make a community and just do what they wanna do.."informal bur still useful" is the character of these communities
but commercializing this thing is very different. Forum is already making enough money from ads. To make more money it has ventured in content creation, which will be judged entirely on the ground of merit and against the major market players and this is where forum doesn't come very assuring!! One reason is selective anonymity at some places and demonstrative ownership at some other places where not required. If it is community inspired, it should look like that all the time and if it's based on a enterprise kinda thing...it should put up it's image like that only. Mixed image creates confusion and suspicion in mind of people.
But as I can see..owners wanna have best of both world..which in my opinion will not work!
Undoubtedly Rajan is a talented professional. He should be a professor at an Indian university (why only in Chicago?), and should write, speak and educate. His lectures will be heard, his books will be read and he will continue to be widely-respected and well-regarded.
But the Reserve Bank of India is not a university.
For far too long has India’s ‘steel frame’ — the Central government — taken this ‘get used to me’ from other institutions of the State. After May 2014, the Indian State has been systematically reminding everyone that the word State comes with a capital S and at its apex lies the prime minister and his office, manned by the IAS.
While other institutions started falling in line, the RBI under Rajan continued to imagine it would remain an exception. Rajan seemed to imagine that he could combine the role of central bank governor with becoming a global public intellectual and media icon without let. The Empire Struck Back, so to speak.
Rajan has very impressive academic credentials and international experience, he spotted a black swan on one occasion and he is very articulate. However, it seems from the outside that he was not willing to come to terms with India’s political economy. To imagine that the central bank is independent of a nation’s political economy is at best, naïve and at worst, arrogant.
he Prime Minister of India does not decide who his central bank governor should be on the basis of an editorial view of the Economist or a Wall Street fund manager. Nor would the head of government in China or any other large sovereign republic. Those who think he should, and there are many in the globalised financial sector, in academia and in the media who seem to, live in a different world.
rajan should have been at helm for atleast couple of years. The aqr undertaken by him should have seen its logical conclusion. As far as diff with govt on interest rates is concerned ,it is a very regular type of thing with previous guv like reddy, subba too not with govt on same page. Rajan was able to achieve a lot because he was an outsider and things moved at rapid pace during his term. His removal is mainly due to his stand against crony capitalism and some of his too frank statements like make for india instead of make in india etc.
Lolz..empire strikes back when and where need be! Mumbo jumbo chanters keep on theorizing this should happen or that should happen!
bhai if u dont have something worthwhile to speak then there is also option of keeping quite.
well i said what i said because you didn't say what you said backed by facts..."his stand against crony capitalism" which stand man!!!..NPAs mounted exponentially in his tenure only? and it's not cronies who have removed it's Govt of India..and you wanna say Govt of India is run by cronies..then well..keep it up!!
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Comments
he Prime Minister of India does not decide who his central bank governor should be on the basis of an editorial view of the Economist or a Wall Street fund manager. Nor would the head of government in China or any other large sovereign republic. Those who think he should, and there are many in the globalised financial sector, in academia and in the media who seem to, live in a different world.
But the Reserve Bank of India is not a university.
For far too long has India’s ‘steel frame’ — the Central government — taken this ‘get used to me’ from other institutions of the State. After May 2014, the Indian State has been systematically reminding everyone that the word State comes with a capital S and at its apex lies the prime minister and his office, manned by the IAS.
While other institutions started falling in line, the RBI under Rajan continued to imagine it would remain an exception. Rajan seemed to imagine that he could combine the role of central bank governor with becoming a global public intellectual and media icon without let. The Empire Struck Back, so to speak.
actually the forum owners have done wonderful job by creating a platform for aspirants to interact informally and help each other..it's like a social networking where people with common interest come together, make a community and just do what they wanna do.."informal bur still useful" is the character of these communities
but commercializing this thing is very different. Forum is already making enough money from ads. To make more money it has ventured in content creation, which will be judged entirely on the ground of merit and against the major market players and this is where forum doesn't come very assuring!! One reason is selective anonymity at some places and demonstrative ownership at some other places where not required. If it is community inspired, it should look like that all the time and if it's based on a enterprise kinda thing...it should put up it's image like that only. Mixed image creates confusion and suspicion in mind of people.
But as I can see..owners wanna have best of both world..which in my opinion will not work!