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Today, even the RBI is under political pressure
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Today, even the RBI is under political pressure
There is no difference between the earlier government and the present government.’
‘They are all following the economic policy based on the Chicago School of thought.’
‘This school of thought says the government should have very little role in governing the country and the majority of work should be handed over to the private sector.’
‘This has not succeeded in the US.’
‘Yet, it is being tried here by people like Arvind Subramaniam, Arvind Panagariya, Urjit Patel and Raghuram Rajan.’
‘These economists want to reduce interest rates so that they can help the corporates.’
‘They want to give loans to corporates at a lesser rate of interest.’
‘And these corporates are the one who are hitting the banks.’
