Sunday, September 8, 2013

Govt Exposed for its failure

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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