Editorial Simplified : 20th June

//Editorial Simplified : 20th June

Editorial Simplified : 20th June

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

The Hindu

Editorial : A strategic exit

Context

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.

Important points

  • 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.

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By | 2016-06-21T09:50:06+00:00 June 21st, 2016|Categories: Editorial Simplified|Tags: , |0 Comments

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