One size fits all again

The Raghuram Rajan panel?s recommendations are nothing but a call for privatisation of PSU banks.

The Raghuram Rajan panel?s recommendations are nothing but a call for privatisation of PSU banks (?Why Mr Rajan is right?, Apr 15). This should not surprise one, as Rajan was earlier with the IMF, which advocates privatisation as a cure for all economic ills, and other panel members represent the private sector. India survived the Asian crisis of the 1990s, and now the global credit crunch stemming from the US subprime crisis, thanks to the cautious approach of RBI and the government. Let them keep their own wisdom and reject the Rajan panel?s illogical solutions.

?DN Prakash, Mangalore

Corrigendum

The wrong text was inadvertantly carried by The FE on Sunday for the review of Patrick French?s book, The World is What It Is: VS Naipaul, the Authorised Biography, under the headline, ?The million mutinies of Sir Vidia?. The error is regretted

This article was first uploaded on April sixteen, twenty eight, at forty-three minutes past eleven in the night.