Tuesday, June 21, 2016

Deja Vu



In 1985 India greeted Rajiv Gandhi with the same enthusiasm that Modi received 3 decades later. Both promised a clean, corruption-free and efficient governance. To effect this, both leaders brought in or supported honest and renowned technocrats to clean up the system.
But it's difficult for a leader to clean a system if he's fed on it to reach the top. The movie 'Guru' hinted at the undoing of Rajiv Gandhi. We all know how Rajiv Gandhi lost his aura, his hold on the people and eventually power.
The removal of Raghuram Rajan as the RBI governor is a sign that once again corruption is winning in India. Rajan's monetary policies may or may not be perfect we'll never know but his intent and action taken to weed out bloodsucking parasites who have mastered the art of bleeding money from the banking system was spot on.
In this honorable effort he clearly stepped on the toes of the powerful businesses backing the ruling party and its leaders. The silence from both the PM and the FM speaks out loud and clear.
India lost again.

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