P Senthil Saravana Durai
A tall order on hand
Towards a new RBI (FE, Septemeber 28) makes an interesting assessment of the prevailing economic scenario, especially after the new RBI Governor has assumed office at the Mint Street, with particular reference to the mid-term review of the monetary policy on September 20. Time will speak out as to how effective are his prescriptions for the ills of the economy. The high-profile Dr Rajan has proved in the past as to what kind of stuff he is made of and it is usually difficult to understand his logic at one stroke of the pen. The simple fact is that when someone is performing well, there is a pressure on him to perform even more. With Rajan, expectations are already high, which could well turn out to be his biggest challenge. The economy has, for quite some time now, slid to the low growth mode with many compelling issues to be sorted out on top priority. The wisest thing is to wait and watch as there is always a solution to any problem. In a nutshell, a job on hand for the new Governor is as tall as Dr Rajan himself. Hope he proves to be among the best Governors we have ever had.
Dont hike railway fare
Railway minister Mallikarjuna Kharge has hinted of a possible fare hike. Lalu Prasad and Mamata Banerjee not only refrained from hiking fares but also, on one or two occasions, cut it down. Railways are the cheapest mode of transport. If, for about a decade the railways could be run without hike in train fare, why can't Kharge do it