Inside story of the National Stock Exchange’s amazing success, leading to hubris, regulatory capture and algo scam
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Fiercely independent and pro-consumer information on personal finance.
30-day online access to the magazine articles published during the subscription period.
Access is given for all articles published during the week (starting Monday) your subscription starts. For example, if you subscribe on Wednesday, you will have access to articles uploaded from Monday of that week.
This means access to other articles (outside the subscription period) are not included.
Articles outside the subscription period can be bought separately for a small price per article.
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Though 3 years is too short a period, the history of RBI for the current period, when it is written, will have a lot to cover under ‘Rajan Era’. Here, there is an advantage arising from Dr Rajan’s innocence and outspokenness (which, in a way cut short his stay at Mint Road!) for those who will be recording the history. They do not have to wait for Rajan to write his memoirs. They can as well scan the speeches made and interviews given by him during the three years.
One regret. GOI has again gone by a wrong template while appointing RBI Governor. The appointment this time should have been for 5 years’ tenure in the first place. Of course, it would be tough to ignore political pressures at every stage.
In a lighter vein, one is tempted to console Subramanian Swamy that his accusation that Dr Rajan did not study economics at undergraduate level has been taken into account in making a choice as Urjit Patel went for higher studies after graduation in economics!
M G Warrier, Mumbai