'It's important for India to think about areas where it wants the US to move.' 'We can be far more innovative in what we ask the US.' 'Given that there's a package deal, why not do it?'
'That way you're not hostage just to US sort of exports to India.'
'Archaeological sites like Keeladi, having remained buried for 2,500 years, have come out and speak now.'
'It will be interesting to see how Dr Patel handles gadflies with the maturity of egregiously petulant three year olds.' 'That Dr Patel does not, in so far as we can tell, cause society matrons to gush like hormonal teenagers can only be a good thing for him.' 'Look where their febrile imaginations and breathless prose took his predecessor.'
Former Reserve Bank of India governor Dr Raghuram Rajan -- the Katherine Dusak Miller Distinguished Service Professor of Finance at the University of Chicago -- walked with Congress leader Rahul Gandhi during the Bharat Jodo Yatra in Sawai Madhopur, Rajasthan, on Wednesday, December 14, 2022.
The speed at which he led the central bank in different areas -- ranging from internal reorganisation to inflation fighting, stabilising the currency, taking on rogue corporations, cleaning up bank balance sheets, and opening the sector -- makes one believe that Rajan knew he had only three years to do his job. A fascinating excerpt from Tamal Bandyopadhyay's MUST-READ Roller Coaster: An Affair with Banking.
'Dr Rajan is often preachy with commandments aimed at nobody in particular,' complains M S Sriram.
Today, with growth having slowed and macro-economic challenges in every direction, would the government have benefited from the advice of 'Harvard' economists? asks T N Ninan.
Dr Raghuram Rajan's departure holds lessons for all, be it sections of the media, politicians or the people themselves. We need to learn how to value and retain talent. At the same time the talented must realise that talent alone does not ensure the top job, says Sanjeev Nayyar.
Fifty years ago today, December 25, 1972, Chakravarti Rajagopalachari, one of the titans of India's freedom struggle, passed into the ages. Kalki Krishnamurthy, who penned the Tamil classic Ponniyin Selvan among numerous other novels, describes his first glimpse of the man who would become an august national leader and his cherished role model.
Nowadays, our politics is habituated to sitting on a high pedestal, hobnobbing with world leaders, generating impressions of a superpower and returning to earth for the purpose of winning elections. In contrast, the yatra never left earth, observes Shyam G Menon.
'A concerted attempt is afoot to try and create a new image of an intelligent man who knows what he is talking about and is far from the person that his critics in the media and Opposition have often portrayed him to be,' says Virendra Kapoor.
'The 'Off-with-Rajan's-head' brigade bases its arguments on mistaken beliefs, erroneous causalities, and even downright prejudice.'
The argument for a weaker rupee is substantial.
'With his envious academic record, extraordinary research calibre and unparalleled work experience, we can trust him to become the first Indian -- fully Indian, not one of those Americans of Indian origin -- to win the Nobel Prize in Economics,' says Sudhir Bisht.
Dr Rajan is a person of very high caliber
Reserve Bank of India Deputy Governor Viral Acharya is the eighth economist to quit since the Modi government took office.
'I am sure Dr Patra will get the fullest cooperation from the finance minister who needs workhorses, not prima donnas constantly looking to improve their CVs,' says T C A Srinivasa-Raghavan.
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The stock market responded to his speech by going up by over two per cent; the rupee also gained in strength, by about 1.45 per cent, against the dollar.
'The Ayush minister (Shripad Yesso Naik) himself was suffering from COVID-19 and got treated in a modern hospital.'
Raghuram Rajan's exit reminds Syed Firdaus Ashraf of Kafka's The Trial.
'You want a steady, confident, self-assured and highly skilful hand at the till. 'It is a pity that the BJP has decided to deprive itself of such a hand at this politically sensitive time.' 'It is like sacking your surgeon in the middle of your brain surgery,' says S Muralidharan.
The IMA feels that there is a dire need for a drastic change in health administration which can be realised by raising a new cadre of administrators, it said in a statement.
'Rahul Gandhi's recent video performances offer little hope - the first fell flat in attacking government 'strategy'; the second showed him in a position unbecoming of a leader,' argues T N Ninan.
There were two questions everyone wanted to know the answer to. 1. Did Raghuram Rajan advise the Congress on the much-discussed NYAY scheme, as claimed by Rahul Gandhi? 2. Will Raghuram Rajan become India's next finance minister?
In a statement, the medical body said that the emergency services including casualty, labour rooms, emergency surgeries will function along with ICUs, CCUs, but no elective surgical case will be posted.
At the Mumbai launch of his latest book, The Third Pillar: How Markets And States Leave The Community Behind, former RBI governor Raghuram Rajan served up an interesting mix that included Taylor Swift, Donald Trump, privileged families and a strong dose of commonsense economics.
Subramanian Swamy now wants Arvind Subramanian sacked.
Will Arundhati Bhattacharya be the RBI's first woman governor? Or will Urjit Patel succeed Raghuram Rajanas RBI governor when his term ends on September 4?
'The problems faced by migrants remain the same for the last 20, 30 years -- salaries not being paid properly, exploitation by agents, etc. This is the biggest problem and not what the Saudi government implements now,' migration expert Dr Irudaya Rajan tells Rediff.com's Shobha Warier.
Top bankers on Wednesday exuded confidence that Raghuram Govind Rajan, who today took over as the 23rd Governor of the Reserve Bank, has the intellectual prowess to wade through the present difficulties facing the economy and wished him all success for the stint at Mint Road.
The government has retained Arvind Subramanian as its chief economic advisor, unlike other American professors Dr Raghuram Rajan and Arvind Panagariya, who quit their jobs as RBI governor and NITI deputy chairman respectively.
Dr Rajan Natarajan, 51, a leading entrepreneur, has created history in Maryland by becoming the first Indian American to be appointed to a sub-cabinet level position in the state administration. Democratic Maryland Governor Martin O'Malley appointed Natarajan as his deputy secretary of state for policy and external affairs, which is the highest administrative office held by any Indian American far in Maryland's history.
A teenage girl, who tried to commit suicide here after the man accused of raping her got bail, succumbed to her injuries on Friday after remaining four days in critical condition, hospital officials said.
Media reports said the attacker, a Pakistani, had been under Dr Daniel's observation for a urinary disease for several weeks and apparently visited the doctor for a follow-up. He was also said to be upset over the treatment of his ailment
If the RBI governor's logic holds, the rupee is far from being extremely overvalued.
'It is sad for the country and it is sad for the government of the country too,' says the Nobel Laureate.
Rahul Gandhi hailed the RBI Governor for steering the Indian economy in "difficult times"
RBI data show one-fifth of all the infrastructure loans are stressed and the share of such loans in overall stressed assets is nearly a third.
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