Mission incomplete: Raghuram Rajan’s overhaul of the Reserve Bank of India

Mission incomplete: Raghuram Rajan’s overhaul of the Reserve Bank of India: Governor will need another stint to make RBI nimble footed, say analysts



My VIEW:

It is common knowledge that Dr Rajan is doing excellently well as RBI Governor and it was his option to have a shorter first term (The initial appointment could have been for five years) and at the moment there is no compelling reason not to give him a re-appointment for 5 years from September 2016.
As regards the observation “Since then, Rajan has only hired one permanent staffer from outside. It is not clear what role, if any, opposition from the staff played in the low number of external hires. The RBI declined to comment for this story.”, the role played the ‘lone outsider’ is also not very conspicuous, though there is a case for more lateral induction at higher level across financial sector institutions. This and several HR-related issues brought out by RBI Governor in RBI Annual Report 2014-15 and the widely covered 2016 New Year Message from him to his colleagues deserve attention from policy makers at the highest level.

M G Warrier


Comments

Post a Comment

Popular posts from this blog

A prayer which Prime Minister Narendra Modi may kindly grant!

http://wap.business-standard. com/article/opinion/heed-the- pension-prayer-117110500774_1. html A PRAYER TO PRIME MINISTER The wish expressed on page 211 of his book "I Do What I Do" need to be taken cognizance of, by PMO as Rajan feels "GOI should do the right thing" If Rajan is wrong, time to place the correct information in public domain. M G Warrier Thiruvananthapuram
Read more

NAVAGRAHA STOTRAM

NAVAGRAHA STOTRAM* According to astrology, the positions of the nine planets in the twelve constellations of the zodiac and their movements are considered to be quite significant. The nine planets ‘Navagraha’ affect every aspect of human life. They play an important role in the activities, physical and mental health and life of any individual. The unfavorable positioning of any of these planets can be the cause of problems, bad health, and stagnation for many people. However, there is a solution to avoid the ill effects of the position and movement of the ‘Navagraha’ in our lives. Navagraha mantras (or stotram) are simple mantras which work as powerful healing tools to reduce the negative effects of any of the nine planets. These mantras are Hindu holy hymn addressing the nine planets. Benefits Of Navagraha Stotram And The Way to Practice The Navagraha Stotram is written b y Rishi Vyasa and is considered to be the peace mantra for the nine planets. They are powerful m...
Read more

The King of Ragas: Sankarabharanam

                       The King of Ragas                      --------------------------     Long ago  serpents were put to lot of hardships.They  were afraid of other animals. They had to seek refuge in the hermitage of sage Saraba.The sage was a true devotee of Lord Shiva.He used to pray Shiva with melodious songs. As he sang a particular raga the snakes were much inspired and they began to dance,. Slowly the serpents became friendly with the sage. They brought water in their mouths for the pooja.They secreted  a special fluid in which the flowers got stuck to their bodies.The sage was much astonished by the service of the snakes.As the sarpas became very close to the sage ,they requested him to help having Darsan of Lord Siva. As requested by the sage Shiva appeared in the form of  a  Kapalika and stayed in the ashram.The...
Read more