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  #16  
Old September 8th, 2013, 08:44 AM
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Re: Raghuram Rajan - India's hope to the financial crisis?

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Originally Posted by echarcha View Post
Manmohan Singh too was and is a brilliant economist, but see what politics of our nation did to his policies!

No party will ever want to do the right thing for economic progress because they all have to do something for the 'aaam aadmi' and 'gareebi hatao'.
Manmohan Singh was a fine economist until he lopped his testicles and handed them to Sonia Gandhi. Since then, his voice has become feminine, he started to grow man-breasts and the economy has been going into the gutter.
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  #17  
Old September 8th, 2013, 09:59 AM
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Re: Raghuram Rajan - India's hope to the financial crisis?

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Originally Posted by Mrs Bhandaari View Post
Gareebi hataana and hur aam aadmi ko do waqt ki roti muhayyaa karaana is the first fundamental step towards economic progress for any country.

Economy can wait but gareebi and bhukhmari cant.

Jaa kay pair naa fatay baywaai vaa kyaa jaanay peer paraayi.

Economic progress ko priority bataa kar aam aadmi aur gareebi ko non priority bataana is like nihaai ki chori , sueen kaa daan , gaai maar kay jootaa daan.
Tum kehna kya chahathi ho
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  #18  
Old September 8th, 2013, 10:03 AM
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Re: Raghuram Rajan - India's hope to the financial crisis?

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Originally Posted by Sane Less View Post
Tum kehna kya chahathi ho
Devar ji hur muhaavray yeah kahaawat ka english translation nahin kiaa jaa saktaa.It will spoil its beauty.
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  #19  
Old September 8th, 2013, 10:05 AM
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Re: Raghuram Rajan - India's hope to the financial crisis?

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Originally Posted by Mrs Bhandaari View Post
Devar ji hur muhaavray yeah kahaawat ka english translation nahin kiaa jaa saktaa.It will spoil its beauty.
Toh phir hindi mein hi bata do... humko hindi aati hai
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  #20  
Old September 8th, 2013, 10:15 AM
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Re: Raghuram Rajan - India's hope to the financial crisis?

Hindi may toh likha hee hai usme na samajh may aane waali kUn see baat yeah words hai?
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  #21  
Old September 8th, 2013, 09:56 PM
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Re: Raghuram Rajan - India's hope to the financial crisis?

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Originally Posted by kalidas View Post
Raghuram Rajan is a brilliant person. He is also an economist from Uni of Chicago, which has a strong libertarian think-tank. He is a big fan of Milton Friedman, whom I admire.

He is taking on Governorship of the RBI at a very crucial juncture. He might be capable of turning things around.

I am slowly buying Indian emerging market funds. But I think US markets might correct some more. I think I'll wait towards the end of this month for a good entry point.
Other than all these trivial qualifications , he is a Bhopali ..born in Bhopal
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  #22  
Old September 14th, 2013, 07:17 PM
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Re: Raghuram Rajan - India's hope to the financial crisis?

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Originally Posted by sarv_shaktimaan View Post
what does RBI governor do anyway? other than signing on currency notes?
The currency notes are the most important anyway even after the fall of the rupee.

He is like a cashier to the govt.

In a novel (probably 'matter of honour' by Jeffrey Archer), it is revealed that even in Soviet Union, those who handled the cash were important.

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Originally Posted by sarv_shaktimaan View Post
Does he have special knowledge nobody else.
Normally all the governors of RBI are established economists. the most prominent being C Rangarajan. This guy actually has more corporate like qualifications and some international experience

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Originally Posted by sarv_shaktimaan View Post
is he bold enough to take measures that our weakling PM will have to approve and assent?
It is like how the Munimji or Khajanchi convinces the Sethji. Here, it is how he convinces Madame to ignore her NAC band.

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Originally Posted by sarv_shaktimaan View Post
Why does a bank have a governor? shouldn't he be Chairman of the bank?
Each system has its own nomenclature. In UK it is called Bank of England and in Pak it is actually 'State Bank of Pakistan' So here, we have the 'Reserve Bank of India' and its 'Governor'
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  #23  
Old September 18th, 2013, 01:30 AM
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Re: Raghuram Rajan - India's hope to the financial crisis?

Ok. So we have another cowboy economist in an important position of power. Let's see how it goes. So far he is draining the forex reserves to stem the fall of the rupee, while the government opens the floodgates to dollar investment by allowing foreign ownership in various industries.
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  #24  
Old December 15th, 2015, 02:36 PM
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Re: Raghuram Rajan - India's hope to the financial crisis?

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Originally Posted by sgars View Post
The currency notes are the most important anyway even after the fall of the rupee.

He is like a cashier to the govt.

In a novel (probably 'matter of honour' by Jeffrey Archer), it is revealed that even in Soviet Union, those who handled the cash were important.


Normally all the governors of RBI are established economists. the most prominent being C Rangarajan. This guy actually has more corporate like qualifications and some international experience


It is like how the Munimji or Khajanchi convinces the Sethji. Here, it is how he convinces Madame to ignore her NAC band.


Each system has its own nomenclature. In UK it is called Bank of England and in Pak it is actually 'State Bank of Pakistan' So here, we have the 'Reserve Bank of India' and its 'Governor'
He is an economist from Univ of Chicago which is famous for conservative finance. Plus Modi is good.

On top of that, India should benefit greatly from the fall in oil prices.
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  #25  
Old December 17th, 2015, 09:21 AM
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Re: Raghuram Rajan - India's hope to the financial crisis?

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Originally Posted by PeaceSeeker View Post
Can you pls specify what do you mean by 'financial crisis' that India is going through?

Yes, inflation is high and Re is down. Is that is all?

Somehow I think that removing subsidies from oil (petrol/diesel) and gas(LPG/PNG/CNG) etc may not be such a bad move. These steps are causing superficial tension but in the back (long term), they will help is reducing the WIDE gap between the rich and poor of this country.

Sonia ji is doing things which no one could ever imagine.
Cant believe i actually agree with you. On at least a part of the post which i have greened. During the Congress days, i kept arguing that things were not as bad as made out (not that they were great).

BUT, Did Cong ever remove those subsidies. From what i remember, they started subsidizing petrol in 2007-8 or so.

Diesel subsidies were removed by Modi sarkar last year.
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  #26  
Old December 18th, 2015, 07:50 AM
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Re: Raghuram Rajan - India's hope to the financial crisis?

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Originally Posted by sgars View Post
Cant believe i actually agree with you. On at least a part of the post which i have greened. During the Congress days, i kept arguing that things were not as bad as made out (not that they were great).

BUT, Did Cong ever remove those subsidies. From what i remember, they started subsidizing petrol in 2007-8 or so.

Diesel subsidies were removed by Modi sarkar last year.
I don't know why I didn't say it loud & clear. I am sounding defensive ain't i? Perhaps because it was over 2 years back & I wasn't promoted

Blanket subsidies & free handouts to one-&-all are ridiculous. It should be available only to the needy. The DBT schemes using aadhar intend to do that.

Yes congress & sickulars are masters of such ridiculous stunts. More the reason to admire & appreciate Sonia Gandhi's going against the tide.

I am pretty sure this decision to let market drive the prices was taken under UPA-II under the capable & decisive leadership of MMS. Watch.

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  #27  
Old May 23rd, 2016, 03:05 PM
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Re: Raghuram Rajan - India's hope to the financial crisis?

Subramanian Swamy is after Raghuram Rajan now, and wants him sacked. He says most of the Gov't supports this notion. Swamy blames Rajan for not working in the best interests of the Indian economy.
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  #28  
Old May 23rd, 2016, 04:19 PM
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Re: Raghuram Rajan - India's hope to the financial crisis?

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Originally Posted by Charchila View Post
Subramanian Swamy is after Raghuram Rajan now, and wants him sacked. He says most of the Gov't supports this notion. Swamy blames Rajan for not working in the best interests of the Indian economy.
He had been saying that ever since Modi Sarkar came into power. Arun Jaitley thought otherwise. The pitch is raising because it is time to either Renew RR or select a new governor.
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  #29  
Old May 23rd, 2016, 04:48 PM
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Re: Raghuram Rajan - India's hope to the financial crisis?

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Originally Posted by sgars View Post
He had been saying that ever since Modi Sarkar came into power. Arun Jaitley thought otherwise. The pitch is raising because it is time to either Renew RR or select a new governor.
Yes, he clarified as much in an interview with chordesai. He also called his questions stupid

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  #30  
Old May 23rd, 2016, 05:25 PM
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Re: Raghuram Rajan - India's hope to the financial crisis?

It is a fact that R3 (Dr. Swamy's name for Raghu Ram Rajan ) has not cut interest rates, in fact increased those. All of the industry leaders will be happy if R3 is gone, also he is Congress choice, so should be removed.
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