INDIAN LIBERALS ARE horrified. A Governor of the Reserve Bank of India has resigned. It is the biggest blow ever for Indian economy. It will collapse. India will go begging in the international community. The country will be ruined.
But was India not begging the World Bank and IMF before?
Liberals: Oh, that was different. It was before Indira Gandhi ‘hataoed’ all ‘Garibi’ (removed all poverty) in the country. One press of the button and her son Rajiv Gandhi swept India into the 21st Century and prepared for the conversion of the entire country into more progressive faiths than the reactionary and backward Hinduism.
Liberals: But RBI governors had resigned before.
Dr Y.V. Reddy had resigned during Congress-led UPA-1 government (Sep 05, 2008).
A Ghose had resigned after differences with Rajiv Gandhi Government.
within 20 days after his appointment, on February 4, 19885.
M. Narasimham had resigned on May 02, 1977 after being for just six months in office as RBI Governor. He was appointed only on November 30, 77.
N. C. Sen Gupta was RBI Governor only from May 19, 1975 to August 19, 1975 a’ He tendered his resignation after just three months.
Dr Man Mohan Singh too did not complete his three year term as the then Prime Minister, Rajiv Gandhi had removed him on January 14, 1985.
Amitav Ghosh replaced him, but lasted only for about 20 days.
R.N. Malhotra took over from Ghosh.
Dr Manmohan Singh as the then Finance Minister in P.V. Narasimha Rao Government removed S Venkitaramnan as RBI Governor. Venkitaramnan. an ex- IAS officer. was in the post for only one year as Dr Singh wanted C Rangarajan as RBI Governor
But the new Governor Shaktikanta Das, also ex-IAS, is an MA in History. He is not from St. Stephens or Doon School, which means he is illiterate.
Liberals, Please Google and find out the educational qualifications of all ex-Governors of RBI and all politicians in India who were in power at some time or the other.
And also as why an old man was preferred over a Stephanean graduate with Wharton (USA) degree of MBA to the CM of Rajasthan.
Liberals: Anyone who says this is a Modi Bhakt (devotee), communal and…..
60 years of journalism, from the age of 16, and two books later, life has so much more to offer, there is no looking back. Not yet. Unstoppable after 70 is a simple expression of my thoughts, my triumphs, my failures and everything that makes this journey incredible.
- A TOWN CALLED PENURY- the changing culture of Indian journalism
- JOURNALISM - Ethics, Codes, Laws
- 'THE OUTHOUSE ON THE FIRST FLOOR - Coming of (Old)Age in India'
View all posts by B. Someswar Rao