Skip to main content

Promotions : D. Subba Rao (Andhra Pradesh), to head RBI

“As a people we are understandably eager for our economy to sprint like a tiger rather than amble like an elephant…and when elephants start dancing, they can go on for a long time, provided the stage is clear.” - Duvvuri Subba Rao

Succeeding a Telugu bureaucrat Yaga Venugopal Reddy at the top echelons of the country’s apex banking regulator, the Reserve Bank of India (RBI), another Telugu man Duvvuri Subba Rao, Union Finance Secretary, will be donning the mantle as the next Governor.

Taking over the reins of the coveted responsibility may not be difficult for him. Yet, Dr. Rao, the all-India topper of 1972 batch of civil services, apparently has his task cut out much before stepping into the shoes of Dr. Reddy.

Five challenges

Delivering a lecture on ‘Elephants too dance: India growth story’ a few months ago, Dr. Rao said that leapfrogging from agriculture to service economy, bypassing the manufacturing sector did not help India. The five challenges staring at the country according to him were: stepping up agricultural growth; expanding employment opportunities; improving service delivery; bridging infrastructure deficit and managing globalisation.

Globalisation as an economic force was here to stay, he said. India was a truly globalised economy, as the two-way trade was now pegged at 35 per cent of the gross domestic product (GDP) and if two-way movement of capital flow was added, it would be almost 100 per cent of GDP.

The Hindu : Andhra Pradesh / Hyderabad News : Telugu man to head RBI

Popular posts from this blog

You Are What You Think People Think About You

There are about 6.7 Billion people in this world that we know of.  Whether you believe in ‘Creation’ or ‘Evolution’, this human race started with a tiny number. It is quite amazing to see how fast it multiplies. What is more amazing is that every single individual in that 6 billion crowd is born ‘unique’.  Quite literally, you are born to be one in a billion, whether you believe it or not. “ This was the Introduction to my latest and last speech in Toast Masters club, ‘One in a Billion’ as part of International Speech contest. 
As much as I believe that each one of us can be that 'one in a billion' personality, I admit the reality as I perceive it and some times feel alone in that belief.
A famous quote says 'You are what you think'. It is also true that 'you are what you think people think about you'. If you think people think you are smart, then you act smart and become smart. If you think people think you are dumb, you will become dumb even if you are not, a…

Cooking looks like an unforgiving art

When you are writing software, you always get a second chance. In fact, lots of chances to get it correct. You have compiler warnings, failed test cases and some times crashes alert you that something is not right and will give you a chance to correct. And you get literally unlimited chances to apply those corrections. 
Well, cooking looks to be totally unforgiving in this respect and on any given day, you may get just one chance to get it right. If you fail, you fail. Try again right away if you have patience of starting it all over. Or start over some time later or next day. But not much of a second chance to correct a mistake. 
More ruthless, when it comes to salt. If you put just a little more, even a tiny little more, it never hesitate to show what it got. Totally ruthless. End result will be a failed dish that no one will be able (and/or happy) to eat. And most dishes, you may not be able to add something little more to offset it.

Little trick I learned the hard way, start on …

Did NDTV Just Twisted Words?

I have recently spotted quite a few places where NDTV title doesn’t exactly say the same as the details in the article says. Lost in translation? or just plain twisting for journalistic sensationalism?Title says “'AAP doesn't treat women as humans,' says founder member Madhu Bhaduri as she quits”, but the quote in details says, slightly differently: “In this party, women are not considered humans” (see the text highlighted).Source : NDTV.comYou may say, they effectually mean the same thing. Is it? Even if they mean the same,  Why not use the same exact phrase in both places?