‘Party stronghold’ concept is perhaps a marketing ploy by local politicians to attract voters to the preferred party or to extract resources from candidates.
Gone are the days when politicians could win votes by inspiring self-pity in voters. This new generation is aspirational, it doesn't buy the 'kasam tumhari main ro padungi' attitude.
In India, only 17% of public sector banks and 25% of private sector banks claimed to have an internal strategy for integrating climate risks into their risk management framework.
Economists say there are weaknesses in India’s GDP data. But statisticians claim the accusations are based on flawed understanding, saying while GDP has problems, the economists are looking in the wrong places.
Both the governments expressed their commitment to strengthening their maritime cooperation to strengthen the maritime safety and security framework in the region.
Manmohan Singh a non politician professional inducted as Finance Minister by Narasmiha Roa proved to be the best thing that happened to the Indian Economy. The precedent cannot be ignored.
The dire need now is for a qualified experienced person for lateral entry into the system.
Economics and Economic management has become a highly technical subject for generalists like a lawyer politician Jetly or Modi to grasp no matter how good their intentions may be.
One of the best analyses of RRR. Modi has seen many like him: articulate, well read but one who doesn’t want to dirty his hands in the dust & heat of India. We have seen many ‘brilliant’ Indian American surgeons doing a mess with Indian patients in India, to be rescued by their Indian trained & practising colleagues who don’t have a gift of gab: vernacular type. The fact that Modi allowed him to last his term shows formers magnanimity. A witless ( T N Ninan’s words ) Rahul Gandhi who hasn’t risen from ranks is doomed with such ‘talented’ advisors.
“Raghuram Rajan is no ordinary economist…” – RR is NOT an economist at all! – he has a PhD in Finance and NOT Economics – BIG DIFFERENCE. He loves to pull wool over foolish eyes and you journalists don’t know how to call a spade a spade.
RR is the biggest OPPORTUNIST India has seen after Sam Pitroda and so many others who ALL seem to make a beeline for the Scamgress party. I wonder why? These are the “educated shameless” – RR wilfully helped himself of the benefit of free IIT & IIM education and instead of thinking of selfless contribution, pretends to have the mindset & tendencies of an academic as he cools his heels in Chicago while fishing for plum high visibility positions of selfish benefit. All the true people of sacrifice walked away from the dying INC having achieved their goal of independence.
The Indian National Congress DIED with Gandhi as the nehru clan took over and turned into the EAT INDIA COMPANY – Nehru & Co. has been eating 10% cut ever since while creating the infamous 2% Hindu Rate of Growth under their thumbs. It is a FAMILY ENTERPRISE & not a political party. Anyone supporting it is either RETARDED or has a way to milk their own share of the CUT.
How come you missed to mention that the current Finance Minister is someone who was rejected by the people and was brought in through the backdoor by Modi? In fact all of Modi’s senior cabinet colleagues are those who have either lost elections or not faced people but came through easy route of Rajya Sabha. Modi scared of those who have base among the mass? So much for Modi’s so called ‘popular base’ (which is anyway merely 31%).
For the author… Talent in cabinet comes only when leftists come to power with their pseudo secular credential… Any guy not fitting the bill for author’s elitist approval is a Hindutva guy… And Hindutva is a bad bad word…
Mr Rajan with all his credentials of being a meticulous Fiscally prudent governor advocating for schemes like NYAY looks totally out of place.
I have captured my thought and questions to Mr RRR in the following blog post and I wish “The Print” brings this to his notice so that he answers https://sivakumbala.blogspot.com/2019/04/ideological-affiliation-vs-intellectual.html
Whoever comes to power, India needs a great FM. Given the parlours state of the economy, that job will be almost as consequential as the PM’s. If the incumbent fails to get a second term, that will be almost entirely due to the fact that the economic team failed spectacularly. The question is not whether Dr Rajan has what it takes to occupy that football field sized room in North Block. 2. The Indian economy requires deep structural reforms to regain its mojo as a fast growing economy. If that does not happen, many more agitations like those of the Marathas and the Jats will take place, and they will not remain peaceful. The hero of 1991 was PM PVNR, not Dr Singh. As PM, Dr Singh did precious little reform for a decade, content to ride the rising seas in the first half, grapple with the fallout of 2008 in the second. 3. If Dr Rajan has lent his intellectual heft to NYAY, he is already failing his first big test. If loan waivers and income transfers are all that is on offer, Rajiv Kumar or even Surjit Bhalla would make fine FMs. It is for the next government to appreciate where a lost decade has brought a billion people, summon the courage to do what can no longer be put off. Once that bitter pill has been swallowed, Dr Rajan will do a good job. He will put the sex back in the Sensex.
So what is your problem? From where ever we see, a person with sound knowledge and acumen like him is only going to benefit the economy of India. This looks like a poor attempt of right-wing idealogue to drag him into an unnecessary controversy where one can be easily avoided. It perhaps doesn’t help BJP’s cause that there are no good intellectuals and qualified people in BJP camp which was clearly reflected in all its appointments of all the important posts whether it was economic advisors or CEO of NEETI AAyog and other institutions and think thank. While elections can be won on rhetorics and ill-thought populist measures, the country doesn’t run well by such measures. Elections can often be stupid in appointing the right set of people which both camps realise that is why even Modi govt pushed for getting technocrats for appointments to important institutions. Raghuram Rajan doesn’t really need to be the Finance Minister, he can serve as a good economic advisor. Even if he is appointed a Finance Minister it is only great. For your information Arun Jaitely never fought any elections untill 2014 and yet he served on important posts in the Union cabinet. He lost the 2014 elections too to Captain Amarinder Singh of Congress. Him fighting the elections was pointless and only damaging to his reputation.
Hype is the creation of the media, if one carefully analysed the NPAs and the period of its accumulation, Mr Rajan needs to answer a lot ! Was he not the chief economic advisor prior to becoming RBI governor? The present governor has done much better in terms of easing liquidity buy swapping dollars to Indian currency and there is likely to be a further rate cut, yet no hype nor creation of crisis……
Manmohan Singh a non politician professional inducted as Finance Minister by Narasmiha Roa proved to be the best thing that happened to the Indian Economy. The precedent cannot be ignored.
The dire need now is for a qualified experienced person for lateral entry into the system.
Economics and Economic management has become a highly technical subject for generalists like a lawyer politician Jetly or Modi to grasp no matter how good their intentions may be.
One of the best analyses of RRR. Modi has seen many like him: articulate, well read but one who doesn’t want to dirty his hands in the dust & heat of India. We have seen many ‘brilliant’ Indian American surgeons doing a mess with Indian patients in India, to be rescued by their Indian trained & practising colleagues who don’t have a gift of gab: vernacular type. The fact that Modi allowed him to last his term shows formers magnanimity. A witless ( T N Ninan’s words ) Rahul Gandhi who hasn’t risen from ranks is doomed with such ‘talented’ advisors.
“Raghuram Rajan is no ordinary economist…” – RR is NOT an economist at all! – he has a PhD in Finance and NOT Economics – BIG DIFFERENCE. He loves to pull wool over foolish eyes and you journalists don’t know how to call a spade a spade.
RR is the biggest OPPORTUNIST India has seen after Sam Pitroda and so many others who ALL seem to make a beeline for the Scamgress party. I wonder why? These are the “educated shameless” – RR wilfully helped himself of the benefit of free IIT & IIM education and instead of thinking of selfless contribution, pretends to have the mindset & tendencies of an academic as he cools his heels in Chicago while fishing for plum high visibility positions of selfish benefit. All the true people of sacrifice walked away from the dying INC having achieved their goal of independence.
The Indian National Congress DIED with Gandhi as the nehru clan took over and turned into the EAT INDIA COMPANY – Nehru & Co. has been eating 10% cut ever since while creating the infamous 2% Hindu Rate of Growth under their thumbs. It is a FAMILY ENTERPRISE & not a political party. Anyone supporting it is either RETARDED or has a way to milk their own share of the CUT.
How come you missed to mention that the current Finance Minister is someone who was rejected by the people and was brought in through the backdoor by Modi? In fact all of Modi’s senior cabinet colleagues are those who have either lost elections or not faced people but came through easy route of Rajya Sabha. Modi scared of those who have base among the mass? So much for Modi’s so called ‘popular base’ (which is anyway merely 31%).
For the author… Talent in cabinet comes only when leftists come to power with their pseudo secular credential… Any guy not fitting the bill for author’s elitist approval is a Hindutva guy… And Hindutva is a bad bad word…
Mr Rajan with all his credentials of being a meticulous Fiscally prudent governor advocating for schemes like NYAY looks totally out of place.
I have captured my thought and questions to Mr RRR in the following blog post and I wish “The Print” brings this to his notice so that he answers
https://sivakumbala.blogspot.com/2019/04/ideological-affiliation-vs-intellectual.html
What is Shivam Vij’s problem if a capable man is made the finance minister. Vij comes across as a first class moron.
Rajan is a publicity seeking megalomaniac who adores the sound of his own voice. Shivam Vij is in love with him.
Whoever comes to power, India needs a great FM. Given the parlours state of the economy, that job will be almost as consequential as the PM’s. If the incumbent fails to get a second term, that will be almost entirely due to the fact that the economic team failed spectacularly. The question is not whether Dr Rajan has what it takes to occupy that football field sized room in North Block. 2. The Indian economy requires deep structural reforms to regain its mojo as a fast growing economy. If that does not happen, many more agitations like those of the Marathas and the Jats will take place, and they will not remain peaceful. The hero of 1991 was PM PVNR, not Dr Singh. As PM, Dr Singh did precious little reform for a decade, content to ride the rising seas in the first half, grapple with the fallout of 2008 in the second. 3. If Dr Rajan has lent his intellectual heft to NYAY, he is already failing his first big test. If loan waivers and income transfers are all that is on offer, Rajiv Kumar or even Surjit Bhalla would make fine FMs. It is for the next government to appreciate where a lost decade has brought a billion people, summon the courage to do what can no longer be put off. Once that bitter pill has been swallowed, Dr Rajan will do a good job. He will put the sex back in the Sensex.
… parlous. …
So what is your problem? From where ever we see, a person with sound knowledge and acumen like him is only going to benefit the economy of India. This looks like a poor attempt of right-wing idealogue to drag him into an unnecessary controversy where one can be easily avoided. It perhaps doesn’t help BJP’s cause that there are no good intellectuals and qualified people in BJP camp which was clearly reflected in all its appointments of all the important posts whether it was economic advisors or CEO of NEETI AAyog and other institutions and think thank. While elections can be won on rhetorics and ill-thought populist measures, the country doesn’t run well by such measures. Elections can often be stupid in appointing the right set of people which both camps realise that is why even Modi govt pushed for getting technocrats for appointments to important institutions. Raghuram Rajan doesn’t really need to be the Finance Minister, he can serve as a good economic advisor. Even if he is appointed a Finance Minister it is only great. For your information Arun Jaitely never fought any elections untill 2014 and yet he served on important posts in the Union cabinet. He lost the 2014 elections too to Captain Amarinder Singh of Congress. Him fighting the elections was pointless and only damaging to his reputation.
Hype is the creation of the media, if one carefully analysed the NPAs and the period of its accumulation, Mr Rajan needs to answer a lot ! Was he not the chief economic advisor prior to becoming RBI governor? The present governor has done much better in terms of easing liquidity buy swapping dollars to Indian currency and there is likely to be a further rate cut, yet no hype nor creation of crisis……