Wednesday, July 23, 2014

Dr Subbarao a real hero and a role model

Dr Subbarao is one of the best Governors RBI  has had in the recent history and that too during its worst turbulent time in terms of the economic and polical conditions the country was facing.He came to RBI when the world was facing the global financial crisis and left the RBI when the world had not come out of the crisis and uncertainties of the economic recovery were  very much prevalent.He had to work under two veteran FMs who unfortunately turned hostile towards him for their political gains ignoring the merits and professionalism RBI had demonstrated and practised in not only maintaining the Country's economy safe  but also enhancing the prestige of the RBI as a saviour of the economy by ensuring  for it the strong and very vitally needed support of the  stable and sound financial system in general and banking system in particular. He waged a lone battle  during his entire period of five years in fighting inflation mindlessly created by the Government with all its wrong economic and administrative policies despite repeated warnings and strong signals from RBI. He deserved special kudos for his conviction and fight with limited success for RBI's autonomy. He has proved himself a man of great wisdom and by his present approach to decline fabulous job offers he wants to demonstrate that the duties of a public servant end on attainment of retirement and service to society starts with the wisdom and experience one acquired as a public Servant. He does not want to be compensated for his past designations is a great thinking and carries a lot of message to many who run after assignments at the cost of self dignity for a few rupees more.

Dr.T.V.Gopalakrishnan 

2 comments:

Unknown said...

Well said about a great man.

kenchegowdalingaiah said...

Right & succinct review of the role played by Dr Subbarao as RBI Governor during trying times.