19 June 2016

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RBI Governor Rajan says No to Yes Sir Policy of Government

RBI Governor Rajan says No to Yes Sir Policy of Government

RBI Governor Raghuram Rajan has decided not to accept the second  term which he deserves

Reason is simple – He knows that he will not get 2nd term or its better he declared himself and said No to Second term.

Rajan will be the first Governor in the last two decades or more who hasn’t been five years in the job unlike his three predecessors namely D Subbarao, Y V Reddy and Bimal Jalan.

Why RBI Governor Raghuram Rajan will not get second term even if want
Reason is simple BJP government wants the Yes sir officers
And Rajan he will do what he thinks fit and right in the interest of India and Indian citizens.
He will not bow before government and learn to say Yes Sir, I will do it

Everyone knows and is aware that last few weeks,months systematically RBI Governor Raghuram Rajan was targeted by BJP.
What they said about Rajan?

1- RBI chief was not fully mentally Indian

2- Rajan had wrecked the economy with his interest rate policy and inflation management

3- demanded a CBI probe into the grant of licences by RBI for small and payment banks.

Criticism of Rajan by the BJP politicians gave direct hint to everyone that Rajan will not get the second term and if he wants the second term he must learn to say Yes Sir, I will do it

Why Elected Politicians do not like RBI Governor Rajan?
He did not listen to them regarding interest rate reduction
He acted in the interest of middle class, senior citizens of India that is over all Indian citizens.
Last year that is 2015 BJP tried to take away the few powers of RBI Governor and Rajan openly said No and then BJP rolled back some of the measures which they took without asking RBI Governor Rajan or other officials

BJP wants a Yes Sir RBI Governor and Rajan is a tiger he will Roar and in the past he did that

Now the result is that India will lose Good Governor.

In a letter to RBI staff, Rajan said he planned to return to academia, even as he noted two of his actions - the creation of a monetary policy committee to set interest rates and the clean-up of the heavily indebted banking sector - remained unfinished.
"While I was open to seeing these developments through, on due reflection, and after consultation with the government, I want to share with you that I will be returning to academia when my term as Governor ends on Sept. 4, 2016," Rajan wrote.

As per media reports now Rajan will return to University of Chicago Booth School of Business from where he has been on leave for three years.

Reality views by sm –

Sunday, June 19, 2016

Tags - RBI Governor Rajan Second Term


Destination Infinity June 20, 2016  

The students in the University are perhaps lucky to get a fine professor.

Destination Infinity

rudraprayaga June 21, 2016  

I think he was a right choice to governorship.Also heard that Modi has a plan of extending his tenure,could't reach consensus,I suppose.