Very forthright views well brought out by Iyer. Politicians cannot appreciate and they do not want to appreciate to have strong institutions as they come in their way of free and easy funds as and when needed. PSBs are a source of funds to meet social obligations and to have continued support by allowing crony capitalism. Dr Rajan intelligently attempted to stop these which was not taken in right spirit by the politicians in power who have their own axe to grind. politicians are always shrewd and professionals' intelligence and expertise cannot be tolerated by them. Dr Rajan lacked diplomacy to handle the politicians and bureaucrats because of his lack of professional experience in indian context as some of his predecessors and this cost him heavily though professionally he is not a loser .The loss is for india and its financial system.
Dr T V Gopalakrishnan
(This comment appeared in ET against the article this government has shot itself in the foot).
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