‘Inventor’ Led RBI Could Better Run Economy and Nation
On the very first day RBI Governor Shaktikanta Das made it known to the world that ‘MoF and RBI is not just a Shareholder but also run the Economy and The Nation.’
“We have to have stakeholder consultations. Government is not just a stakeholder, but the government of the day runs the economy and the country, and makes major policy decisions. There has to be free, fair, and objective discussion between the Reserve Bank of India and the government. I would like to believe that all issues, however contentious, can be resolved through consultations.”
This is the PROBLEM OF INDIA in last 4-5 Years – it is MoF and RBI which were ‘DRIVING INDIAN ECONOMY IN TO DISASTER.’
There is nothing WRONG in it – CHINA, RUSSIA, VIETNAM etc all have Governments DRIVING Economy – but all sectors of Economy in Socialist Countries are Led by ENGINEERS, INVENTORS & SCIENTISTS – India at best have ACCOUNTANTS.
Inventor could be 100 times better in RUNNING the Economy and Nation than Accountants and Historians.
For example I know – reported to GOI that ‘Garland Canal Project is a Weird Project’ 1980 – 40 years later INDIA Still Going after River Linking.
In 2003 in VIGYAN BHAWAN made one Line Comment ‘STUPID IDEA OF GANGA CAUVERY LINK IS ON FOR THREE DECADES – INSTEAD OF TRANSFERRING 50 BILLION CUBIC METER OF WATER ANNUALLY, MOST TO BE LOST ON WAY – GROW FOODGRAINS IN MOST FERTILE GANGA BASIN & TRANSPORT 30 MILLION TONES OF FOOD GRAINS INSTEAD.’
RIL & GSPC were not Seriously Developing OFF SHORE Blocks since 2005 – long before GoI realized the Bungling and Lost Opportunities.
Writing to GOI that CSIR, NRDC are doing BOGUS research in 1978 and 1980 – nothing has changed in 40 years.
I opposed IMPORTED FUEL Based projects in Kutchh region – its not the GOI job to Facilitate EXPORT of Surplus Power by IMPORTED COAL Based Projects to rest of India and MAKE UP their Losses.
2003 told Manmohan Singh – ‘Farmer Contribute 25% of GDP, 70% Population get only 2% of GDP as Bank Finance ----’.
2011 to Dy RBI Governor – ‘Banks in USA fund 10X the Assets of Startups – Here provide 20% of Assets of Startups’ and Banks should Engage 50,000 Experts to Efficiently and Accurately FUND Industry & Economy.
2016 to Ex RBI Governor Reddy ‘Some Companies have 2% Value Addition, some 80% but Banks make no distinction in FUNDING them.’
I didn’t get Satisfactory Answer. Can run Economy At 100% Efficiency $Trillions Gain.
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