Belated rate cut hides story of good governance - 0 views

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  #1 india incorporated on 20 Jan 15

   

  For the moment, everyone with even a tangential interest in the Indian economy is feeling gung-ho about the rate cut by Reserve Bank of India governor Raghuram Rajan. They should be, for Rajan himself has said, in so many words, that it marks a reversal of the central bank's stand on rates and that more cuts can be expected in the months to come.
  
  But more on that later. 
  
  Behind the rate cut lies a shining example of institutions - and the powerful individuals heading them - respecting their arms-length relationship and autonomy and going about their business in a dignified manner for the greatest collective good.
  
  Read more...
  
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  <div class="cArrow"> </div><div class="cContentInner">For the moment, everyone with even a tangential interest in the Indian economy is feeling gung-ho about the rate cut by Reserve Bank of India governor Raghuram Rajan. They should be, for Rajan himself has said, in so many words, that it marks a reversal of the central bank's stand on rates and that more cuts can be expected in the months to come.<br /><br />But more on that later. <br /><br />Behind the rate cut lies a shining example of institutions - and the powerful individuals heading them - respecting their arms-length relationship and autonomy and going about their business in a dignified manner for the greatest collective good.<br /><br /><a href="http://www.indiaincorporated.com/item/4212-belated-rate-cut-hides-story-of-good-governance-and-respect-for-instituions.html" rel="nofollow" title="Link: http://www.indiaincorporated.com/item/4212-belated-rate-cut-hides-story-of-good-governance-and-respect-for-instituions.html">Read more...</a><br /><br />Visit us at: <a href="http://www.indiaincorporated.com/" rel="nofollow" title="Link: http://www.indiaincorporated.com">www.indiaincorporated.com</a></div>

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