Editorial Simplified : 20th Day of June 2016
This Series of posts covers the essential Editorial from prominent newspapers. The Editorial from the newspapers are compiled by the Subject Teachers form the Academy and provided in notes format so that the aspirants does not waste their precious time in sifting through the newspapers.
The aspirants are advised to bookmark this page for future reference
Click on the tab below to read the Editorial Simplified for each newspaper
Editorial : A strategic exit
Raghuram Rajan has recently declared that he will not seek a second term as Governor of Reserve Bank of India. The editorial examines the situation.
- In the last few months it had become apparent that sections within the Central government were uncomfortable with continuance of Raghuram Rajan as RBI Governor.
- By ruling himself out by his own Raghuram has saved the Central Government from repercussions of a refusal.
- On the economic front the Central government was uneasy on Raghuram’s slow pace of interest rate cuts which was alleged reason for slow growth.
- The Central bank’s crackdown on evergreening of loans also caused friction with the government.
Suggestions for choice of next Governor of RBI
- The Government must remember that India needs a Governor with enough independence and authority to maintain balance between growth and rising prices.
- A rubber stamp for rate cuts won’t do.
- As rightly said by Raghuram, a healthy tension between RBI and finance ministry is not such a bad thing.
We at RMISG would appreciate your feedback and comments below. This will help us to know more about your doubts and provide you with even better experience on the website. Do take few minutes and give us your feedback in the comments section below.
Just Scroll down to give your feedback NOW.