Fly he will, and he would in September ...
Yes, Dr Raghuram Rajan announced he is going back to academia ...
Wasn't happy, for someone special had bet quite the opposite ...
But I was preening proud to see the truth coming true ... but had to receive flak from the dear ones ....
So, what next?
Life moves on and we all have to flow with it ... that's the philosophy of being Indian ... sab kuch achche ke liye hota hai, and the next moment you start feeling better ... there's deep meaning in this philosophy, and that's why you would find Indians humane, an anti-thesis of ISIS - I make this statement ...
Dr Rajan, who made the government to scurry for cover with his open statements, was "thorn in the flesh" and would remain so for the next three years as well .... Whatever the new RBI Governor would do, he would be measured in terms of what Dr Rajan did ...
The ghost of Dr Rajan is certain to follow the new Governor as his shadow ...
Did he mean this, when in Bengaluru, he said: Don't write me off, not yet ...
Did he mean his ghost will follow the incumbent for next three years. Could be ... haha ...
But one thing is certain ... What? ...
Narendra Modi government would be hounded if it appoints a poor cousin to Dr Rajan ... I wish the government does not want to land itself into the turf of controversies, as it had when it announced Pahalaj Nihalini and Gajendra Chouhan as CBFC and FTII chiefs ...
Though, I don't believe in qualifications, but deliverance ... One needn't be a cook to know the taste ... haha ...
Deliverance, if the new governor brings on the table, Modi and his team will be spared for sure ....
But will that be easy? Not so for the new Governor ...
The successor will have to live with unfair and dogged comparisons with his illustrious predecessor ... for instance .... the Barkhas and Arnabs and last but not the least "someone special" will be at my neck for the next three years, if he allows interest rate cuts - that could be misconstrued as succumbing to government pressures ... haha ...
This apart, the new Governor will have to deal with challenges, from reforming the NPA-ridden public sector banks to playing a key role in triggering economic revival and growth at a time when the world economy is on the brink of a downturn ...
Pause ...
What makes a good RBI Governor?
To me, I believe in TSR Subramanian, a former cabinet secretary's thouroughly unbiased article published in The New Indian Express, dated June 26 ...
He says, "Ideally, every RBI governor needs to have two key qualifications —one, he must be an internationally renowned expert on monetary policy, and second, he should know India well and be familiar with field conditions."
Subramanian further says, "There is no question that Dr Rajan commanded respect in international circles—indeed, many saw him as the guardian of national interests in the world arena, symbolising Indian financial stability. The sad fact is that many governors in the past had familiarity with monetary policy issues; alas many did not know India well."
Who could be the guiding force ... who could make us understand India better?
Mahatma Gandhi, the answer lies there, for sure ...
Hope, Arundhati Bhattacharya, Urjit Patel, Subir Gokarn or Rakesh Mohan - go into the Mahatma's mind and find out ways to understand India, better ....
Pause
Who could be the next Governor?
I bet on Arundhati - she has lived and wallowed in NPA-ridden public sector banks ... and this is the biggest concern of Modi government ...
She is much better placed than others to face the NPA raagaa ... not that Raagaa (Rahul Gandhi) for sure ... haha ...

