A Comment About Empowering RBI to Deal with PNB Fraud

My Comment on an article titled "PNB fraud: Time to take a big stick to these Clouseau Bankers in India" published in the economictimes.com Dated 22/03/2018. 

"True. The RBI should be more empowered to deal with corruption and inaction in the banking sector, whether national or private. 

The RBI governor should be given full powers to crack down upon them and punish them."

Here the word 'Clouseau' refers to a person or body making mistakes without realizing it or with no intention to rectify those mistakes.

So, the in-charge of RBI should be more empowered and smart enough to bring such erring beings into commitment and hold responsibility for their acts.

A Comment on an accusation of RBI governor Raghuram Rajan's policy by critics

My Comment on an article "Biggest threat to Modi govt's "achche din" is RBI governor Raghuram Rajan" published in the economictimes.com Dated 21/08/2015 at 10:40 pm.  


"I do not agree with this author's endorsement for a 50bps rate cut nor accept the charges levelled by him on Raghuram Rajan. 

Just like he is terming Rajan as hawkish and ill informed about realities, we can term this writer also as partial in his outlook and biased in his views. 

I don't think, a rate cut will solve the problem. Rate cut can, on the other hand, lead to more funds in the hands of public and thereby inflation also. Simply implementing rate cut can't lower the burden on housing sector. Construction material should also be available at lower prices. 

Governments should impose more strict adherence for passing on of benefits of all social reforms to the common man instead of getting stuck up in the hands of middlemen." 

A Comment on economic issues that RBI Governor needs to solve

My Comment on an article "Five economic issues that worry RBI governor Raghuram Rajan" published in the Economic Times dated 28/01/2014 at 1 pm. 


"CRR should have been increased to curtail spending and inflation. 

Consumers should prudently use their funds in spending on unnecessary purchases which can be postponed for a later stage. They should try to invest instead. 

Wholesale inflation is also related to CPI and production and supply factors. Production of goods needs and supply needs improvement to meet demands."