The appointment of Raghuram G Rajan as the RBI governor has raised people’s expectations and there is hope that he will be able to revive the economy.Updated: Aug 10, 2013 00:00 IST
The new RBI governor has raised the expectations of the people
The appointment of Raghuram G Rajan as the RBI governor has raised people’s expectations and there is hope that he will be able to revive the economy. The real challenge for him is to maintain the autonomy of the RBI and stand up to the populist pressures of the ruling coalition, especially with elections round the corner. It’s time to take risks as those taken by Ben Bernanke in the US and by Jean-Claude Trichet at the European Central Bank. The focus should be on encouraging the manufacturing sector.
Damini Goyal, Ujjain
Time to take an informed decision
With reference to Cong admits to an ‘error’ by govt, says Pak army role can’t be denied (August 08), Indo-Pak ties have been extremely dicey after 26/11. It is true that Pakistan has never kept its word and has abetted terror activities against India. However, bold and brash remarks will not help either side achieve peace. This is a real test for the UPA government and also for the PM. It is also a time for the BJP to show its maturity on foreign affairs. A change of statement from the defence minister is not such a grave issue for the Opposition to make such a huge fuss over.
Ganapathi Bhat, Akola
Not a capital idea at all
The turmoil in the Seemandhra region is not against Telangana, but against forcing the people there to build a new capital. How can the Centre expect to form a Telangana state with Hyderabad as its capital and force the people in the Seemandhra region to build a new capital despite the fact that they did not demand a new state? Hyderabad is today a mega city and all the people in AP have contributed to making it such an attraction.
Raghubabu Kondapi, Ongole
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First Published: Aug 09, 2013 23:58 IST