Dr Subbarao did his job well despite
pressures from the Govt and inaction on the part of the government to
set right administrative lapse and lack of policy initiatives in vital
areas of the economy. RBI alone cannot manage the economy is a fact. The
Government is fully exposed for all its failures on policy matters.
This exposure was possible thanks to Dr Subbarao's stubbornness to
maintain RBI's limited autonomy.He deserves special kudos for exposing
the Government.
Dr.T.V.Gopalakrishnan
(This comment appeared in ET datyed8/9/13)
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