NRI as RBI Governor . Col Lamba

NRI as RBI Governor

Although person like Rajan has done excellent work & tried to control inflation.
But risk of Nation Economy secrets leakages are too high.
Swadeshi is better then Videshi

Col Lamba ( one man army )
.........
Next RBI Governor   an NRI or no

 Media reports that Arvind Subramanian is being considered for the position of the next RBI head, due to the exit of Raghuram Rajan.
 RBI Governor is a sensitive post .
Cannot be handed over to NRI/ Videsshi

It is impossible to perform a check on NRIs living outside India
While not doubting the patriotism of NRIs to India, the risk of appointing someone with conflict of interest with another nation is very real.


NRIs flown in have less skin in the game than a civil servant who has toiled through the Indian system and served the country.

If a civil servant commits an illegal act as the head of a government body and is discovered after his/her term, he/she can be charged for their offences easily when compared to someone who has left the country after his term.

The disconnect between the workings of the Indian government and the NRI can be frustrating for both parties, as evidenced by the debate on interest rates.

While the Modi government wanted to create jobs using lower interest rates to fulfil their election promises. Rajan decided to chose an independent path of fighting inflation through higher interest rates and worsened the NPA situation for the PSU banks.
Bank NPA'S are all time high.

 once an appointed NRI finishes his term and goes back to his country of residence, there is a huge potential for leakage of confidential information.

This information could be exploited by another country or a large corporation.


Once this employee leaves his regulatory position, he may join another investment bank or a consultancy and start advising companies on how to game the regulatory rules.

While the NRIs bring a global perspective to the critical problems that India faces, they are best suited as consultants to the government with limited access to confidential information.

 The risks of appointing NRIs such as Arvind Subramanian, as the head of RBI is not justified in economic security of nation

.....

Although Rajan has done a commendable job .. But risk of nations economy secrets are tremendous

Col Lamba ( one man army )