Eavesdropper: Owl or ullu?

Jan 29 2014, 05:16 IST
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SummaryIt is clear that RBI Governor Raghuram Rajan wants to break new ground, from policymaking to policy lingo...

It is clear that RBI Governor Raghuram Rajan wants to break new ground, from policymaking to policy lingo and he has a supportive deputy on toe as well. So when posed with the cliched "hawk and dove" question, Rajan threw in a third element. "We are neither hawks nor doves. We are owls." Deputy governor Urjit Patel added that the bird is a symbol of wisdom and vigilance, which RBI also stands for.

But the nocturnal bird's wisdom tag is a rather Western one and in India, the bird is taken to be a dumb creature—so much so that an oft-used Hindi word for a fool is "ullu"—the word for the bird in the language. One wonders, is the date of the next policy review, April 1—the All Fools Day, is a coincidence.

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