Modi is not a Karamyogi as he sits on his promises

usha manohar wrote:

@ chinmoy, Raghuram Rajan has been rubbished by one person Subramanya Swamy only but the PMO has gone ahead with the decision of having him for another term, also I remember Modi himself praising Rajan's work, which goes to show that they did not give any importance to Swamy's words ...with all that if Rajan wanted to leave he probably had other plans , so why make much of it ? There are other talented and capable people in our country to manage the finances as well as he did if not better !

Subramanyam Swamy is a talented and intelligent person, why he is doing all these cheap things. He also advocated to release Asha Ram on bail.

The decision of Rajan is the decision of a honourable person. He was taking standard economic theory based decisions. To contain inflation interest rates have to be increased to mop up excess money supply and when it came down the rates had to be brought down. BJP feels that by making money cheaper by low interest rates investment will go up. This is what industrialists want, because they can reap more profits with less effort. Also Rajan daringly brought out the hopeless condition of banks by telling them to bring NPA's on account books and they all went into losses. It is again proved that no self respecting individual with vision and daring can work in Indian system. Vested interests will sooner or later eject him out. If Modi wanted him could others have dared to gang up against him. Why is he being isolated from wrongs of the govt. by some forum bhaktas.

vijay wrote:

The decision of Rajan is the decision of a honourable person. He was taking standard economic theory based decisions. To contain inflation interest rates have to be increased to mop up excess money supply and when it came down the rates had to be brought down. BJP feels that by making money cheaper by low interest rates investment will go up. This is what industrialists want, because they can reap more profits with less effort. Also Rajan daringly brought out the hopeless condition of banks by telling them to bring NPA's on account books and they all went into losses. It is again proved that no self respecting individual with vision and daring can work in Indian system. Vested interests will sooner or later eject him out. If Modi wanted him could others have dared to gang up against him. Why is he being isolated from wrongs of the govt. by some forum bhaktas.

I am agree with you for you views for RRR. No doubt he is great economist. In whole term his focus is on making strong to Indian economy. He is not a yes man.

@Usha The point you forgot which you added later strenghtens my apprehension about the kind of smear campaign that this honorable man has confronted to finally opt for the the only choice that a person of his stature left with.You make me believe that he has been doing Chidambaram's bidding throwing all his professional expertise and ethics -hah!! I respect your views but let us agree to disagree this time. 

@Sunil

Let us remain faithful to facts and figures. A closer look at balance sheets of banks would convince even a school student of the massive fraud which the management of these have been perpetrating on the gullible people which has been resisted and exposed by Rajan. You talk of the plight of fixed income earners who are outside the protective care for organized sectors which constitute barely 12% of the populace and it is horror days for them not 'acche din' promised by Modi!! Arun Jaitley with declared assets over 50 crores could be inhumnly insensitive to their plight but how a person who takes great pride in earlier avatar as'chaiwalla' could be so! I request you to minutely follow Rajan's decisions on monetary policies taken at different quarters during his tenure to understand the kind of pulls and pressures to resist rate cuts.Had he obliged Swamy and his ilk - mind you he is just not one representing a horde - your income would have taken a nose-dive!!""

chinmoymukherjee wrote:

@Usha The point you forgot which you added later strenghtens my apprehension about the kind of smear campaign that this honorable man has confronted to finally opt for the the only choice that a person of his stature left with.You make me believe that he has been doing Chidambaram's bidding throwing all his professional expertise and ethics -hah!! I respect your views but let us agree to disagree this time. 

I don't think it is a smear campaign on a person of his stature , but it could be a reality since Chidambaram brought him in and he owes it to him ! If at all there was any interference I would blame only Chidambaram for taking advantage rather than blame Rajan who has done a stupendous job. Believe me I am all for Rajan to have continued a second term but for a apolitical person it would be a difficult position, being pulled in two directions, probably why he decided to leave..

RBI Goverenor, Raghuram Rajan has said, he was an academic and he made it clear that his ultimate home is in the realm of Ideas. He would be resigning after his term on Sept,2016.

@Usha Rajan is not as talented as Swami when it comes to exploiting misinformation and disinformation but what pains me that you lend credence to this conspiracy theory that Rajan an economist of global standing would be so low on self-esteem to be working in tandem with Chidambaram to wreck the Indian economy!!! Modi and his men have done nothing to protect his honor when Swami portrayed Rajan as a treacherous, unpatriotic saboteur!! You argue that Rajan leaves on his own then how come he talks about

his ' unfinished job'? 

No doubt India would have been better off with Rajan at the helm of affairs but I am sure they will find someone equally competent to handle the job ... If Swamy had not been so vociferous in his verbal attacks, Rajan's exit when it happened probably would not have caused such a ripple as this because governors have come and gone so far without much public notice...

Meanwhile, on the fear of Rajan's ardent supporters that India will not survive the Rajan's exit, let me say that those are overstated of course, for two reasons. The first is that Rajan himself has set up a process that helps to make the Indian central bank less dependent on a single brilliant individual. More importantly, the government may well have found someone who is equally bright to replace Rajan, and no man can ever be called indispensable.

But losing Rajan, while hardly a catastrophe for the Indian economy, does not show the government’s talent management abilities in good light. Whether one agreed with his economic policies or not, there is no doubt that Rajan is a highly talented economist at the peak of his powers – and the government should at least have made an effort to keep him.

http://www.dailyo.in/business/raghuram-rajan-rbi-repo-rates-psu-banks-subramanian-swamy-arun-jaitley-indian-economy-narendra-modi/story/1/11266.html

And now Swami attacks Arvind Subramaniam. The divine leader will keep quiet. The joke going around is that Nihalani and Rajan should have exchanged places, the former would cut interest rates and the latter would not cut any scene.

Pahlaj Nihlani may have gone overboard with his censorship but one should really be questioning the people who laid down these mot eaten laws in the past called guidelines. Until it is changed scrapped or whatever all the censor chiefs will do that ..Sharmila Tagore too had problems with the same Anurag Kashyap and so did others . But the recent one was definitely politically motivated ..

Swamy probably wants the RBI governor job himself so targets others ..

usha manohar wrote:

Pahlaj Nihlani may have gone overboard with his censorship but one should really be questioning the people who laid down these mot eaten laws in the past called guidelines. Until it is changed scrapped or whatever all the censor chiefs will do that ..Sharmila Tagore too had problems with the same Anurag Kashyap and so did others . But the recent one was definitely politically motivated ..

Swamy probably wants the RBI governor job himself so targets others ..

Swamy is not interested in RBI governor job, indeed his eyes is on finance minister.

Many were highly critical that there were two power centres in UPA  regime. But these critics are silent when there are two power centres  in NDA also -- the PM and RSS. Swami is part of the latter. Good luck.

There is absolutely no comparison at all with UPA and NDA since Swamy has been put in his place by Arun Jaitley ...Congress party is a one family dictatorship so let us not even compare and democratic alliance with UPA led by Congress..

Both PMs are facing dual control, one from Gandhi family and one from RSS family. Simply wishing away does not change reality. The modus operand is same

vijay wrote:

Both PMs are facing dual control, one from Gandhi family and one from RSS family. Simply wishing away does not change reality. The modus operand is same

modi is the eye thorn for everyone who are in against his party.

So what is new in that. Sonia and Rahul are thorns in eyes of those who do not like Congress. 

There is certainly new thing here. Congress definitely thinks that Modi is a thorn. Bot Modi treats Congress as next to nothing. Congress for Modi is a big ZERO.

No matter how powerful a leader or for that matter a person is, his or her downfall begins when he or she becomes complacent and over confident . In fact I feel there is a lot of wisdom in the proverb - " Keep your friends close and enemies closer"

Complacency and wrong priorities of Modi has lead to a lot of criticism from his own supporters. Though now, the situation is improving to some extent. His " Man Ki Baat' I heard. Many Foreign Companies are coming forward to invest in India. But , he has to do a lot, before his regime enters Third year.