S. Gurumurthy, Modi govt's nominee on RBI board, may be key to whether a compromise can be found or whether already ugly public spat turns even uglier.
RBI board member S. Gurumurthy believes Indian economy was destroyed between 2004 and 2010, and India must take a leaf out of Donald Trump’s book to fix it.
ED has accused Amtek promoter Arvind Dham of controlling web of nearly 500 shell companies operating as a layered structure, with up to 15 levels of indirect ownership, to divert funds.
Joint submarine patrol ‘covered more than 2,000 nautical miles’ and was joined by Russian support vessels. Beijing maintains exercise ‘not directed against any third party’.
From Munir’s point of view, a few bumps here and there is par for the course. He isn’t going to drive his dumper truck to its doom. He wants to use it as a weapon.
Thanks for educating viewers. Matter of disputes need to be solved in the overall interest of poor and marginalized by enriching MSME through financial benefits to run their industries.
Prof(Dr) Sudhir Das Retired Technocrat & now Visiting Prof at Kolkata. India
Let’s face it: this government hasn’t displayed great sagacity in money matters in last five years. It has proved “impulsive”, to say the least. If RBI Governor feels that loosening the purse strings will make RBI weak, and vulnerable to changes in world financial markets, then he should plainly REFUSE TO OBLIGE. Who knows, this dispensation might only be interested in “kicking the can” beyond the 2019 elections! If printing money is disallowed by some law that was enacted in 2002 (under Vajpeyi government), then this government has the power to amend or repeal that law. It’s not RBI’s job to answer why the government does not want to exercise its power. RBI’s job is to protect family wealth, and not to fund the “visions” of the more adventurous members of the family!
Thanks for educating viewers. Matter of disputes need to be solved in the overall interest of poor and marginalized by enriching MSME through financial benefits to run their industries.
Prof(Dr) Sudhir Das Retired Technocrat & now Visiting Prof at Kolkata. India
Let’s face it: this government hasn’t displayed great sagacity in money matters in last five years. It has proved “impulsive”, to say the least. If RBI Governor feels that loosening the purse strings will make RBI weak, and vulnerable to changes in world financial markets, then he should plainly REFUSE TO OBLIGE. Who knows, this dispensation might only be interested in “kicking the can” beyond the 2019 elections! If printing money is disallowed by some law that was enacted in 2002 (under Vajpeyi government), then this government has the power to amend or repeal that law. It’s not RBI’s job to answer why the government does not want to exercise its power. RBI’s job is to protect family wealth, and not to fund the “visions” of the more adventurous members of the family!