....let the media like Rediff, Indian Express, etc.. keep propping up Rajan as a public speaker on issues that could benefit the nation....SOONER THA LATER HE MUST BE INDUCTED INTO POLITICS WHICH OBVIOUSLY IS HIS REAL CALLING NOW.....he has had enough of academics and career as a finance professional where he is at his peak, the right moment to quit it all and respond to the nation's call for redefining politics....the politics of nationalism and economic development of the NDA as against anti-national politics of greed and corruption practised for decades by congress and later joined in by traitors like kejriwal and nitish as we saw in the political gimmickry of anti-BJP forces of 'intolerance' during the bihar elections to which rajan himself fell trap to. RAJAN WILL HAVE TO KNOW THAT THE YOUNG ELECTORATE OF INDIA HAVE RISEN ABOVE THE PSYCHOLOGICAL BARRIER OF AN ALMOST-FATALLY WOUNDED-CONGRESS-LED-OPPOSITION'S NEGATTIVELY PROJECTED 'SAFFRONISATION' AND HINDUTVA POLITICS WHICH ACTUALLY IS A CONSTRUCTIVE APPROACH TO UNIVERSALISATION OF ECONOMIC AND POLITICAL EMPOWERMENT THROUGH MODI-LED-TEAM-INDIA'S MISSION OF 'SABKA SAATH, SABKA VIKAS'.
Why Modi was mum when SS was releasing his salvos? Has he come to know credibility of this person after a fortnight? After this incidence any world level administrator will think thrice before joining in a Govt. post Remember Amartya Sen had to resign also.
Re: Modi praises Rajan!
by brajeshwar nath on Jun 29, 2016 05:51 PM
I agree. PM's words are meaningless since he is only trying to project himself as non judgemental whereas he was the one who who should have acted to stop swamy when this started. That's PM's style. He tacitly supports such moves by others and lets others do the dirty work while trying to keep a clean image. Its all showmanship.
Re: Re: Modi praises Rajan!
by rishi on Jun 29, 2016 08:37 PM
Wrong. The PM's gesture not only means a lot to Rajan but only successfully conveys that tough and determined conviction of the NDA-govt. not to allow any attempts to destabilise the development process which the nation is rapidly gaining momentum on ....in this case it is upto the observers to see, if he means people like Rajan....or people like Swamy....or both. In any of these considerations , the nation stands to gain as one thing that cannot be compromised upon is 'SABKA SAATH, SABKA VIKAS'
Why Modi was mum when SS was releasing his salvos? Has he come to know credibility of this person after a fortnight? After this incidence any world level administrator will think thrice before joining in a Govt. post Remember Amartya Sen had to resign also.
Re: Modi praises Rajan!
by rishi on Jun 29, 2016 08:12 PM
You don't need world level experts to deliver their ten-percent and indulge in crafty anti-govt. politics on the sly. An Indian expert from our domestic pool of finance professionals with a will to deliver 100% to the govt.'s initiatives will do mush better for the nation. Rajan was working to bring down the NDA-govt.when he 'publicly spoke on intolerance which even a high schooler knows was nothing than a political-gimmickry of his earlier employer an almost-fatally-wounded congress-led-consortium of anti-BJP forces to influence the bihar polls..... therefore could not be trusted to work towards making success of NDA's economic policies, atleast from the person's political leaning point of view if he really was bent to exert one publicly.
You aught to know them all with appropriate priorities. None of the comments appreciate the situation aptly.. We can only wait and watch. This man deserves a second term for sure..
Re: about manners, morals and stndards
by rishi on Jun 29, 2016 08:24 PM
Wrong. we don't appoint people in critical positions of authority just because they deserve...that'd be silly...we appoint them to serve the needs of the nation and they are duty bound to deliver their 100% as they are on the rolls of the tax-payers....if that objective is served , anyone is fine. Those delivering only 10% of their capabilities and sticking on only to play crafty politics against the govt. instead of strengthening it must go.....those capable of delivering their 100% by staying focussed on their employer's that is the govt.'s initiatives on economic policies are always welcome even if they have a little less knowledge which will always exceed the ten-percent of a world-level experts....that 10% too can be bought by the govt. by keeping world level-experts on paid consultancy which govt.' s commonly do.
1. An year ago over 6,000 crores of money was transferred from Gujarat based Bank of Baroda, Delhi branches to Hong Kong. I assume Rajan and others in the Government know whose money it was.
2. While everyone was proclaiming that unaccounted money is stashed in Switzerland, Panama papers were out couple of months ago.... which list included the tallest Bollywood actor, Ex Miss World, son of Ex Solicitor General of India and so on. RBI is investigating ......
Why these people should be comfortable with Rajan ?
A few hours back I was also thinking like PM. But after a study of Rajan’s working I was convinced that there is some truth is there in his criticism against RBI Governor and others. Can anybody tells us what is Rajan’s contribution as RBI Chairman during UPA period and NDA period? When he took over as RBI Governor Rupee exchange rate was 1 USD = 61.8194.INR When NDA came to power the exchange rate was 1 USD = 58.4441.INR on 19th may 2014. Afterwards, it started increasing in spite of reduction in oil price in the world market. What does it show? RBI Governor did not take any action to stop the depreciation of Rupee against the dollar. Actually, the reduction in oil price enabled the country to come out from the mess created by the corrupt Italian Sonia Congress. Raguram Rajan's loyalty to India is questionable. Why did he not take any action to stop depreciation of the Rupee? Had he done it, the country would have been in a much better position. But the Congress slaves are supporting him. So what Dr.Subramanian Swamy said is correct.
Re: Re: Modi praises Rajan, disapproves Swamy's remarks
by wilson chandran on Jun 27, 2016 06:39 PM
Mr Govindan - Export sector shows still negative continuously over 20 month, Index of Industrial Production (IIP)is also very meager Two years monsoon failure costing agri production less. Major banks have shown loss and some other inclusive of private banks have shown lesser profit which never occurred since nationalisation - NPA has been doubled.
Expenditure towards imports is reduced due to cost of petroleum so that Fiscal deficit is reduced and hence the economy has not been affected. For all such things RBI alone is not responsible. Govt policies as well as budgetory allocation etc are necessary - Who is responsible for that.
Re: Modi praises Rajan, disapproves Swamy's remarks
by Logan D on Jun 27, 2016 06:39 PM
You are agreeing that Rajan was instrumental in bringing down the US Dollar exchange rate from 61.8194 to 58.4441 per dollar. This was done by boosting exports by the then Government.
During NDA period, Exports have fallen a lot. It has fallen from USD 310 Billion in FY 2014-15 to 260 Billion in FY 2015-16. Please note that exports are falling for the last 18 months, without break. How do you think USD will not appreciate when exports are falling ?
Oil price fall in the international market is a bonanza. Most of its advantages pocketed by the Government, thru export duties and profits of Public Sector refineries and Reliance Industries.
