Why is education expensive ? It is because they are business companies out to make profits, whether they teach anything or not is none of their business. And RR is a product of THAT money making business. He has been thoroughly exposed in the PNB Scam, how did he permit SWIFT system in the Indian banking system ?
Dr RR has been the darling of the media and so called economists and they were heaping praises on him as if he is some sort of a miracle man.
But the truth is under his eyes, Banks' NPA rose by 600 % , huge loans were given recklessly by banks and RBI failed to press the alarm bell, banks after banks slipped into red and he did nothing, economic development parameters were tweaked and twisted and presented a non-existent rosy picture....
Now nobody asks him a question and he too is maintaining a golden silence.
He is obliged to explain to this country why he did what he did.
NPA OF PSB= 8 LAC CRORE Number of tax payers =6.25 CRORE NPA CONTRIBUTION PER TAX PAYER =1 LAC 27 THOUSAND WE PAY THE IRRESPONSIBLE RBI GOVERNOR HIS SALARY.
We should have infrastructure and facilities like world class universities. China have created many such in recent past. We should work in the same direction.
WHAT HE QUOTED : "We have 100,000 students going abroad every year. So, we have room for at least 100 universities of very high quality to service those 100,000 students." SO AS TO SERVE THEM WHO ARE GOING ABROAD.
We saw this 'brilliant economist' performance as SBI governor. Most mediocre, nothing 'genius' type, only glamour; no understanding of ground level economic problems of the country. Going round with halo round his head while mega-misdeals merrily went on under his nose; fooling the common man. Only Chidambaram and his likes find him too high a caliber to serve the BJP govt. Both Rajan and Amratya Sen ran away from responsibilities because they knew they knew it is one thing to write and teach; another to administer the economy of a huge country like India where their pretensions would be exposed.
why this fellow still not question on Cash ration in GDP from 9% to 13% during his tenure?? why he blocked Mudra Bank ??? why he was silent on Participatory Note pumping Black money openly flowing in Real estate and Gold, on whose instructions he blocked RBI inquiry of senior executives of Fin Min ??????
