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India's bane is policy paralysis, says Jalan

HT Correspondent, Hindustan Times  New Delhi, November 09, 2012
First Published: 21:49 IST(9/11/2012) | Last Updated: 21:55 IST(9/11/2012)

Former Reserve Bank of India (RBI) governor Bimal Jalan has said India's major problem is that the government does not seem to be interested in governance. While releasing a book by late Dr DK Rangnekar, titled The Politics of Poverty, Jalan said on Thursday that Rangnekar had pointed this out more than 25 years ago.

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The book is a compilation of articles and editorials by Rangnekar, who was the editor of the Economic Times for 14 years from 1965 and then of Business Standard. He passed away in 1984.

Quoting Rangnekar, Jalan said, "There is no lack of foreign exchange, food grains, transportation, kerosene, etc. but it fails to get delivered to the beneficiary."

He said Rangnekar could then see the policy paralysis that exists even today.

Sanjaya Baru, director, Geo-economics and Strategy, International Institute for Strategic Studies pointed out, "There is a remarkable freshnesh to Rangnekar's essay even today, it is because they ring so true."


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