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Posted (edited)

Very eloquent and analytical... He has put-forth India's views to a lot of think tank guys in the audience influencing policy decisions in US/Europe much better than Modi

Edited by Temp1234
Posted
9 hours ago, coffee_rules said:

Wish we had found competant ppl like him for finance. NS is weak, BJP has old ppl, should have developed home grown economists.

Well, I don't think you can criticize Raghuram Rajan for "incompetence".  

Posted
18 minutes ago, sandeep said:

Well, I don't think you can criticize Raghuram Rajan for "incompetence".  

But he had his political leanings were not in sync. Every government needs to have its own team, back in 2004, every top person in every Dept was replaced. BJP tried to work with Rajan. I am referring to FM, not RBI anyway.

Posted
2 hours ago, coffee_rules said:

But he had his political leanings were not in sync.

This is post-facto nonsense really.  He's an economist and was proficient at his job.  He disagreed with demonetization, and it turns out he was right.  His disagreement and refusal to cede the independence of RBI to the Modi administration is why he ended up being ousted.  Not his "political leanings". 

 

It is not good to reflexively defend all actions of the party or politician you support.  It is a slippery slope that leads to positions and actions that you will end up regretting.

Posted
15 minutes ago, sandeep said:

This is post-facto nonsense really.  He's an economist and was proficient at his job.  He disagreed with demonetization, and it turns out he was right.  His disagreement and refusal to cede the independence of RBI to the Modi administration is why he ended up being ousted.  Not his "political leanings". 

 

It is not good to reflexively defend all actions of the party or politician you support.  It is a slippery slope that leads to positions and actions that you will end up regretting.

He is not an economist. He is a financial management guy. 

Posted (edited)

@sandeep what's so funny? You know just because you study economics as an MBA in one of your semsters doesn't make you an Economist right?  I mean even Engineering students have accounts in one of the semesters.

 

For your benefit

 

In general, the focus of economics more big picture in nature, such as how a country, region, or market is performing. Economics also focuses on public policy, while the focus of finance is more company- or industry-specific. Finance also focuses on how companies and investors evaluate risk and return.

Edited by maniac
Posted
4 hours ago, coffee_rules said:

But he had his political leanings were not in sync. Every government needs to have its own team, back in 2004, every top person in every Dept was replaced. BJP tried to work with Rajan. I am referring to FM, not RBI anyway.

Rajan->Chiddu's man

End of UPA-II just before exiting (transition) ...80:20 gold scheme

Nirav Modi, Choksi 

 

google, connect the dots.

 

RR ain't no angel. Shaktikanta Das didn't deserve RBI top spot....blunder. Urijit resigned, govt must answer. Point is RBI must be independent and not happening either under Modi or UPA, Rajan wasn't without his biases/faults. Forget individuals, set right the institutions. 

Posted (edited)

Jaishankar is a find, unorthodox but bold decision by Modi. Hardeep Puri is another sharp guy. Clown Kohli can learn from Modi, great leaders shouldn't be averse to risk taking and certainly shouldn't be afraid to look at options beyond their coterie of followers. Hope the NS move works as well, Jai Italy left behind a mess and global wind is blowing in the wrong direction, should give her some time. 

Edited by Gollum
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