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.
Liberty without accountability is the freedom of the fool. Our concept of freedom will remain impoverished until it is deepened by liberal education, wrote Nani A Palkhivala in 1995.
While global corporations setting up GCCs in India continue to express confidence in availability of skilled AI engineers, the panel argued that India’s real challenge lies elsewhere.
It is a brilliant, reasonably priced, and mostly homemade aircraft with a stellar safety record; only two crashes in 24 years since its first flight. But its crash is a moment of introspection.
This regime is not going to leave it there. In Subhash Garg they have a henchman who can dig his heels and will keep on snipping at Mint Street. The attitude is clearly of a ” Lala”. It is my shop and you are the Munim. This equation has to understood and agreed by the Guv and his colleagues.
Let an expert Committee – obviously geniuses like Surjit Bhalla should not be within a mile of it – study the quantum and nature of reserves held by the RBI in relation to the size of its balance sheet and set an intelligible framework that regulates how these can and should be shared with the government. A huge improvement over a phone call or even a Section 7 directive saying, Humein fiscal stress mehsoos ho raha hai, zara 3.6 trillion bhijva dijiye. 2. Whose victory or defeat one cannot say, but it has been appreciated that the government needs Dr Urjit Patel a lot more than he needs this job. The tide of institutional autonomy has ebbed as far out as it could, it now needs to turn. Too many rocks and boulders are lying exposed.
This regime is not going to leave it there. In Subhash Garg they have a henchman who can dig his heels and will keep on snipping at Mint Street. The attitude is clearly of a ” Lala”. It is my shop and you are the Munim. This equation has to understood and agreed by the Guv and his colleagues.
Let an expert Committee – obviously geniuses like Surjit Bhalla should not be within a mile of it – study the quantum and nature of reserves held by the RBI in relation to the size of its balance sheet and set an intelligible framework that regulates how these can and should be shared with the government. A huge improvement over a phone call or even a Section 7 directive saying, Humein fiscal stress mehsoos ho raha hai, zara 3.6 trillion bhijva dijiye. 2. Whose victory or defeat one cannot say, but it has been appreciated that the government needs Dr Urjit Patel a lot more than he needs this job. The tide of institutional autonomy has ebbed as far out as it could, it now needs to turn. Too many rocks and boulders are lying exposed.