TCA Srinivasa-Raghavan's assessment of the effectiveness of governors of the Reserve Bank of India (RBI) in his column, "Float like a butterfly, sting like one," (September 3) can and should be contested, but I wish merely to point out a factual inaccuracy.
He writes: "(Raghuram Rajan and Urjit Patel) are the only two to have parachuted into the government system of which the RBI is a part. The others came in fully aware of the way the government…work(s)." That is not quite true. C Rangarajan, too, "parachuted" into the government system as RBI deputy governor in February 1982 (not 1981 as mentioned in the column) straight from academia - the Indian Institute of Management, Ahmedabad.
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He writes: "(Raghuram Rajan and Urjit Patel) are the only two to have parachuted into the government system of which the RBI is a part. The others came in fully aware of the way the government…work(s)." That is not quite true. C Rangarajan, too, "parachuted" into the government system as RBI deputy governor in February 1982 (not 1981 as mentioned in the column) straight from academia - the Indian Institute of Management, Ahmedabad.
Shreekant Sambrani, Baroda
Letters can be mailed, faxed or e-mailed to:
The Editor, Business Standard
Nehru House, 4 Bahadur Shah Zafar Marg
New Delhi 110 002
Fax: (011) 23720201 · E-mail: letters@bsmail.in
All letters must have a postal address and telephone number