Letter to BS: Stand taken by Rajan is self-contradictory to say the least

The insolvency law, which he supports, was not there at that time. So how does he say that the PMO could make one or two examples in big cases?

The stand taken by former Reserve Bank of India (RBI) governor Raghuram Rajan is self-contradictory to say the least. On the one hand, he has submitted at the Parliamentary Committee that he sent a note to the Prime Minister’s Office (PMO) in which he had argued in favour of taking action against one or two big defaulters of bank loans to make an example. Some politically motivated people are only harping on that. On the other hand, he has also said in course of his many submissions, as reported widely in newspapers, that it was not quite practicable to take