First of all, Indian economists not competent to judge. Secondly, India Inc. consists of highly selfish, pro-political-bribing, and non/improper pricing of goods mfd. and prone to 100% range of profit unlike banks, specially PSBs who are inefficient.servile, crowd-mentality (if SBI lends, all others lend irrespective of merits & d-merits). Unlike Pvt. banks, PSB chiefs are corrupt also in view of lower wages & perks. Does not mean efficiency improves with higher wages, when the candidate himself is incompetent. 50% of existing branches should also to be closed, and e-banking should be improved. ROI should not be linked to NPA losses. Incentive to regular borrowers should be introduced and publicized.
As the Congress has ruined the GST and there by Growth so that BJP cannot do anything worth similarly this Congress man is tightening interest Rates so that Growth would not be there BJP has to pay the price if this man is continued
India is not a restrictive island in the economic world. International perspective does matter to take informed decisions, affecting Indian economic scenario. Hope better sense prevails.
Its not a political issue but an economic issue that would pave way leading Bharatvarsh to a stronger economy, rather than resort to short and popular cuts leading the nation into joined economically beleaguered club of Greece, Venezuela, etc. etc.
Yes.
UPA brought him.
Not because Raghu is was or will ever be a congressman, but he was chosen with a view to strengthen the economy.
Traditionally the occupant of the North Block always tries to make the Governor an underdog for political ambitions of getting elected again. Few obey the governments which have always tried to undermine the freedom of the governor.
Now talking about the 11th hour, matters that affect nation's economic future cannot be kept pending till the llth hour. It is far from prudence particularly when the present governor is under sharp attach by a BJP Rajyaqsabha member, viz. Swami.
Simply interpreted the PMO and the North Block will wait till the 11th hour if the governor steps down on his own.
If he does not, then they will make him step down, and perhaps Swami may wear the crown.
Playing hide and seek with a sensitive post like the RBI governor is not only belittling the dignity of its independence from the political currents, but also polluting the environments of the central bank with the political pollution leading to Greek and Venezuelan tragedies.
The government must make its position clear NOW, preferably in favor of Raghuram in the wider interest of the national economy.
The Congress did what with GST we all know and so be its this man who doing the same thing with interest rates thru RBI Hiring him longer, then BJP should be ready to pay the price , He can never be loyal to BJP
The Congress did what with GST we all know and so be its man Raghu who doing the same thing with interest rates Hiring him longer then BJP should be ready to pay the price , He can never be loyal to BJP
