India should have secured greater savings by pressing Russia for prices nearer the cap while sustaining high volumes. This would have preserved strategic autonomy and served economic logic.
One such website has drawn particular scrutiny for spreading fake stories that have upset not only the Indian but also foreign defence firms by falsely attributing misinformation.
The “ Solutions “ listed in the Column are unworthy of a former CEA and RBI Governor. They could have been made by an academic, not someone who has had a lofty insider’s view. 2. Does Dr Rajan honestly believe the government – any government – will implement the airy – fairy recommendations of the P J Nayak Committee, culminating in an “ independent “ Board selecting the CEO. Banks not implementing the government’s policy priorities, MUDRA, farm loan waivers, no more loans in the tens of thousands of crores to selected business houses. 3. The first time Dr Rajan precluded privatisation as a solution to the problems of the PSBs – this was a few months back – I figured he had had a conversation with the Congress President who had told him that his grandmother’s signature initiative was a holy cow that could not be sacrificed. 4. What makes me sanguine about genuine reform taking place is that circumstances will make it unavoidable. Then, if a neurosurgeon is not on hand, a butcher will get the job done.
Unable to understand what is new or out of the box solution in this note, except that this comes from an internationally well known economist like Rajan. These issues and solutions have been discussed and debated time and again and nothing has been done so far. Modi needs to take control of Finance Ministry if he forms the next government and implement these well known solutions, now approved by top class economists ( (who have also authored Nyay scheme of Congress!) without any delay. Jaitley was reluctant to move on banking reforms and he needs to be given some other portfolio now.
The “ Solutions “ listed in the Column are unworthy of a former CEA and RBI Governor. They could have been made by an academic, not someone who has had a lofty insider’s view. 2. Does Dr Rajan honestly believe the government – any government – will implement the airy – fairy recommendations of the P J Nayak Committee, culminating in an “ independent “ Board selecting the CEO. Banks not implementing the government’s policy priorities, MUDRA, farm loan waivers, no more loans in the tens of thousands of crores to selected business houses. 3. The first time Dr Rajan precluded privatisation as a solution to the problems of the PSBs – this was a few months back – I figured he had had a conversation with the Congress President who had told him that his grandmother’s signature initiative was a holy cow that could not be sacrificed. 4. What makes me sanguine about genuine reform taking place is that circumstances will make it unavoidable. Then, if a neurosurgeon is not on hand, a butcher will get the job done.
Unable to understand what is new or out of the box solution in this note, except that this comes from an internationally well known economist like Rajan. These issues and solutions have been discussed and debated time and again and nothing has been done so far. Modi needs to take control of Finance Ministry if he forms the next government and implement these well known solutions, now approved by top class economists ( (who have also authored Nyay scheme of Congress!) without any delay. Jaitley was reluctant to move on banking reforms and he needs to be given some other portfolio now.