Aiming at perfection is a dignified way of wasting time!
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Rajan not needed now Raghuram Rajan says: "While I was open to seeing these developments through, on due reflection, and after consultation with the government, I want to share with you that I will be returning to academia when my term as Governor ends on September 4, 2016. I will, of course, always be available to serve my country when needed," . The underlined part clearly shows that the government has conveyed to him that he is not needed now.
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Surprising to see Raghuram Rajan naively remarking that MNC banks should report any liquidity drain in advance ! liquidity drain in advance Report liquidity drain in advance: RBI Governor Raghuram Rajan to MNC banks Read more at: http://economictimes.indiatimes.com/articleshow/50950775.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst Report liquidity drain in advance: RBI Governor Raghuram Rajan to MNC banks Read more at: http://economictimes.indiatimes.com/articleshow/50950775.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst