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RBI GOVERNOR

Dear Friends,

For quite some time, rumours have been doing round as to who shall succeed Mr Raghu Raman, the present incumbent of the premier institution of India. Initially, though, three prominent economists had figured but now two eminent economist have been short listed ; namely, Mr Urjit Patel and Mr Subir Gokarn.

Both of them are the known personalities at the international level. While Urjit Patel is currently the Depouty Governor, incharge Monetary Policy Fiscal Discipline and Banking Sector Reform, Mr Subir is Executive Director, IMF and Ex Dy Governor RBI incharge Inflation Fighting Strategy - having one time worked under then then Governor of RBI, Mr D Subbarao.

Wish Mr Raghu Raman had been given the extended term even at the cost of bringing in new legislation. This would have enabled him to finish his unaccomplished agenda on reform and curbing the inflation. We we need most from the incoming Governor that he should be as dedicated as Mr Raghu Raman is and should not give in to the pressure of government/political bosses.

The interests of nation should be far more important than being merely good in the eyes of couple of "white collars".

Tilak
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