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Good article by Sanjay Baru on Rajan ...

Chalanachithram.com DB » New TF Industry Related » Archive through June 22, 2016 » Good article by Sanjay Baru on Rajan exit « Previous Next »
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Awara1984
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Username: Awara1984

Post Number: 6102
Registered: 12-2010
Posted From: 125.16.29.3

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Posted on Tuesday, June 21, 2016 - 04:32 am:       

If whispers in the corridors of power in New Delhi are to be believed, Prime Minister Narendra Modi had once casually inquired about Rajan's willingness to take charge of the finance ministry. That might be an exaggeration but it is well-known that the prime minister called Rajan his "best economics teacher". Thus, insiders in the government say, the prime minister was never in doubt about Rajan's competence and intellect. Rajan couldn't just fill the trust deficit between him and the government - on the contrary his constant public posturing on matters non-monetary only widened that deficit. And that cost Rajan his second term and the man denying it was none other than the prime minister.

By all indications, the prime minister had made up his mind much before the interests of Jaitley, Swamy and Gurumurthy converged. But the astute politician that he is, Modi left everyone guessing about the real reason behind Rajan's exit. And if it seems like the hawks in the parivar won the day, it only suits him to allow that perception to gain ground and use the credits elsewhere. Such as in pushing through the biggest FDI reforms in one stroke on Monday.
 

Awara1984
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Username: Awara1984

Post Number: 6101
Registered: 12-2010
Posted From: 125.16.29.3

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Posted on Tuesday, June 21, 2016 - 04:32 am:       

http://m.firstpost.com/politics/who-caused-raghuram-rajans-e xit-swamy-gurumurthy-or-narendra-modi-2845864.html
 

Kkd
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Username: Kkd

Post Number: 30759
Registered: 02-2008
Posted From: 106.208.176.51

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Posted on Tuesday, June 21, 2016 - 04:05 am:       

http://m.firstpost.com/politics/the-numbers-rbi-governor-rag huram-rajan-did-not-get-2014-and-282-2846970.html

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