India's worst-kept secrets, told by Rajan - IAMC

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India's worst-kept secrets, told by Rajan - IAMC

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October 7, 2019

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India’s worst-kept secrets, told by Rajan

Former Reserve Bank of India governor Raghuram Rajan has said that people in authority have to tolerate criticism and that any move to suppress it “is a sure fire recipe for policy mistakes”. “What makes India strong is its diversity, debate and tolerance. What makes it weak is narrow-mindedness, obscurantism and divisiveness,” Rajan said in a long LinkedIn post on Monday, two days ahead of the 150th birth anniversary of the Father of the Nation.…

At one point, Rajan said: “…an attempt to impose a uniform majoritarian culture on everyone can kill minority community characteristics that can be very advantageous to growth and development. Cultural diversity can promote intellectual diversity and intellectual ferment, something every economy at the frontier needs.”

Rajan’s post has come at a time the government, which has seen economic growth tumble to a six-year low of 5 per cent in the first quarter ended June 30, has been hashing out a number of measures to kick-start the engines of growth.…

https://www.telegraphindia.com/india/indias-worst-kept-secrets-told-by-rajan/cid/1708662

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Govt may seek Rs 30,000 crore interim dividend from Reserve Bank of India (Sep 29, 2019, Indian Express)
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By iamc_nd