Sep
26
Congress Party needs urgent reforms!
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It must become a more democratically-constituted organisation. State-level units must enjoy total autonomy and AICC must be an affiliating unit only My political evolution, its twists and turns! Why I remain a committed nationalist and Congressman! Readers might find this title very unusual and unexpected. They are right and yet I feel it is my [...]
Sep
24
Is the Reserve Bank of India an employee of the Central government?
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Or, the RBI enjoys any freedom or autonomy from the finance ministry? The RBI has got a new governor. He is none other than the former finance secretary. He just changed his seat, from New Delhi to Mumbai! He took orders from the finance minister sitting next to him in Delhi. Now, he might orders [...]
Sep
24
What lessons for Indian bankers and the government? Bankers are never popular! Why this is so? One has to think for an answer. Now, the American banking system is in turmoil. The big Wall St.Bank, Lehman Brothers, collapsed. Those who are specialists in the banking and financial system know well that it is the critical [...]