The hue and cry to reduce interest rates can't be neglected, as it gives many firms the luxury of that little extra cash to either redeem their credit worthiness or push back into business as investment or improve their balance sheet and so on. The high expectations from Rajan are to see him draw out a rabbit out of the hat by not to toe the same line drawn by many an academician that 'don't lower the interest rate when the inflation is still looming large'.. and so on. Let him innovatively come up with something that meets both the expectations viz., from the India Inc, who fear to have missed out on the growth path when all else around the world have been priced low and the commoner who can manage his life better with low inflation. This is where we are expecting Rajan to bring out that rabbit of his hat such that he does a Dhoni six of the last ball. Let us look at our consumer-driven economy - how we can toe the lines of the US economy which is tending to raise the rate when we are tending to bring down the rate at the same time. Let this puzzle or paradox be addressed as part of Rajan's second sojourn...Can he hear us out?
Re: he should go
by Kundapur Kumar on May 24, 2016 07:37 PM
The great nuclear scientist and architect of pokaran nuclear test Rajaramana is from south. The only one pure SWADASI Nobel price winner for Physics Sir C V Raman (also his nephew S.Chandrashaker also won Nobel price) is from south. Great Abdual Kalam is from south. Almost all heads of ISRO which brought laurels to country, beginning with U R Rao are from south. The list will be very long only you need to improve your G.K.
Re: Re: Re: he should go
by kapil on May 25, 2016 11:42 AM
i am not belt but also not from free group. Did i say south people are bad??? all i said about guts hormone. and you guys calculate 24 hours about interest rate and do not want to think about economy, once rate down then start provoke??? And what about the do not eat that things??? who invented all those great things in the world??? 95% from west and they eat that things??? right??? and who are feels here??? you do not eat and feels.
Re: Re: Re: Re: he should go
by brajeshwar nath on May 25, 2016 03:07 PM
you are making no sense at all through your posts here. Get some life. get some knowledge before posting anything.
There is a panel to select the RBI Governor...Why is this convassing to retain the RBI Governor so loud..Who is paying for this unnecessary propanganda..?
Rediff readers, to say who is best RBI governor is not our cup of tea unless one has some economics background. Leave to the experts in government & bureaucracy to take a call. To say he is indispensable is plain lobbying. May be this Murali or Swamy knows something about him & what is good or bad. But not the communist simpletons here for sure.
Re: Who is competent here to be for or against Raghuraman??
by CV on May 24, 2016 11:46 AM
I guess banks do not take permission from RBI Gov before sanctioning loans. Do not try to divert attention and shift all the blames to RBI, IMF, and other bodies or world... all mess are created due to failure of government... admit it and accept it... RBI reduces interest rates but banks never pass it on to customers like you and me ... the problem of inflation is not created by RBI but by bad policies of government, without any foresight .. present or past... why there is no improvement in agricultural produce ? do not blame climate .. if climate is the cause, they why there is no action to irrigate the agricultural land ? why people are abandoning agriculture ? I guess the main responsibility of government is to provide basic infrastructure like irrigation, roads, etc. and not blaming opposition, RBI, IMF, world, one and sundry, etc. the present government has been doing this only ever since it came into power...now everybody has understood what GUJARAT MODEL DEVELOPMENT is.. the entire country is facing all sorts of economic problems, which even BJP admitted (through Dr Swamy, who admitted that the economy is in a mess and has failed) so accept that and move towards corrective steps instead of blaming opposition, RBI, world, IMF, etc. You are talking like Dr Swamy.
And do not try to market BJP ideologies as people are not fools
i do not understand where is the chorus of voice for removal of Rajan. Rather suddenly there is chorus for his continuance. The present govt has not removed him, rather allowed him to continue for full term. let the govt decide. Do the writer wants to say that there is no one better than Rajan. Let the govt come with other name , and the writer can compare him with Rajan.But at this stage, making noise that Rajen is the best and there is no alternative to him, appears great lobbying game in American style started by friends of Rajan. It is interesting to note that for these lobbyist, what ever good happens to economy, it is because of Policies of Rajan, and what ever is failure or non achievements , it is because of Govt. The indian banking system is in great mess and what Rajan was doing when UPA govt was ruling at centre. Rajan may be OK, but to say that he is greatest and there is no alternative to him is rubbish. Surendra
Re: Why this lobbying
by Dancarter on May 26, 2016 06:41 AM
Its a drama by BJP to put Rajan under stress and panic. Later on go to renew his term..so that Rajan can think differently to improve the economy. Bet you BJP doesn't have a choice..if they had they should have removed him when they came to power.
The RBI governor has to work in sync with the government and in case of conflicting views get the other accepted or accept theirs.There can not be a midway which is dangerous for the bank and the nation. Rajan is clearly not on same wave length wit the gOI nor has he made them accept his views. It is better for him to go bak to teaching,work out economic models for india and hand it for free to GOI to accept or reject .
Re: Working in Sync absent
by CV on May 24, 2016 10:57 AM
I guess banks do not take permission from RBI Gov before sanctioning loans. Do not try to divert attention and shift all the blames to RBI, IMF, and other bodies or world... all mess are created due to failure of government... admit it and accept it... RBI reduces interest rates but banks never pass it on to customers like you and me ... the problem of inflation is not created by RBI but by bad policies of government, without any foresight .. present or past... why there is no improvement in agricultural produce ? do not blame climate .. if climate is the cause, they why there is no action to irrigate the agricultural land ? why people are abandoning agriculture ? I guess the main responsibility of government is to provide basic infrastructure like irrigation, roads, etc. and not blaming opposition, RBI, IMF, world, one and sundry, etc. the present government has been doing this only ever since it came into power...now everybody has understood what GUJARAT MODEL DEVELOPMENT is.. the entire country is facing all sorts of economic problems, which even BJP admitted (through Dr Swamy, who admitted that the economy is in a mess and has failed) so accept that and move towards corrective steps instead of blaming opposition, RBI, world, IMF, etc. You are talking like Dr Swamy.
And do not try to market BJP ideologies as people are not fools
