Recently RBI governor Dr. Urjit Patel resigned invoking former RBI
governor Dr Raghuram Rajan to comment saying this is a protest by a government
servant against the government and all Indians should be concerned. Dr Rajan’s
comment is in harmony with all opposition leaders. Government demanded
emergency fund from RBI to fill up fiscal deficit and governor was against it
as situation is not demanding though. Hence owl left the nest thinking nest is
in danger. Raghuram Rajan completed his 3 year term as RBI governor and did not
get extension and left for US to continue his academician job. Prime Minister
Modi also applauded his work for nation during his interview with Times Now
after becoming PM.
Nevertheless, there are other few people who came to India to redefine
India and left their post and fled back to US example – Niti Ayog’s Arvind
Panagariya, Chief economic advisor Arvind Subramanian, havoc in CBI impacting
its autonomy and dignity. Few NDA allies left NDA and some are opposing from
within. But figures said that GDP growth is 8.2% in 2018-19 Q1. As per RBI,
economic growth is expected to accelerate at 7.4% in this fiscal year. So where
is the worry for Indians to stay concerned?
What Mrs. Gandhi did when she was Prime minister, she rejected seniority
in selection of Supreme Court chief justice of India and selected a man of her
choice. She implemented emergency on India where fundamental rights of people were
suspended. Is this a situation in India presently so that we should be
concerned? Is there any war like situation from neighbouring countries to be
concerned? India already stopped Pakistan’s funding from US diplomatically and
politically without any war. India is able to tackle China diplomatically and
our east borders are also in peace.
Prime minister Modi inaugurated many projects like bullet train, Mumbai
metro phase 2 to 7, coastal sea link in Mumbai, waterways, samruddhi expressway,
Shivaji maharaj statue in Arabian sea, infrastructure projects in rural and
urban areas across country and work is in progress. For few projects government
already created war rooms to expedite work. In order to complete these projects
government need funds and sources are income taxes, industrial taxes, taxes on fuel
and other commodities. GST is robust tax system launched by this government and
showing good results since its inception. GST bill was approved by states and
cabinet hence the equal share of state GST and central GST.
Hope the new governor takes his stand with current macro economical
scenarios and also come up with strategy which maintains autonomy of RBI. One should not lose his noble values by commenting on Indian politics,
opposition is doing their job well in India. We are a great country and will be
great always.
