Manish_P wrote: ↑09 Aug 2024 12:43+1 Well pointed out Chetak ji.chetak wrote: ↑09 Aug 2024 11:10 ....
The fact is that raincoat (as FM) was an external imposition done on India by powerful international financial agencies as part of their conditions for giving India an emergency loan of $2.2 billion from the International Monetary Fund whereby India pledged 67 tons of her gold reserves as collateral security.
raincoat always had the mentality of an employee, risk averse, and trained to follow orders like the babooze he always was. The movers and shakers are always the owners, who, at times are willing to risk it all and bet the farm. and PVNR had both qualities necessary, the intellectual heft, as well as, the political savvy to effectively manage an unruly minority govt and greedy allies. raincoat was paki friendly, something which is a huge plus point, both with the BIF, and the eyetaalian mafia...
Before being appointed (or imposed) as the FM, Mr. Singh was head of several critical posts like Chief Economic Advisor, Head of Planning Commission. Why couldn't he prevent India from slipping down into a financial emergency?
You are right, Manish saar.
For the longest time, raincoat was very close to the levers of financial power, with the mandate to optimize and improve the fundamentals of the economy but his performance was sadly found lacking, thereby leading India down the rabbit hole, from one disaster to another. Certainly, there were other politicos too who also have to shoulder their share the blame but none of them were as highly qualified or even as financially savvy as raincoat was.
Slice it any which way, he simply cannot shirk off his part of the responsibility for the sorry state of affairs
But in congi patented politics, the higher you rise, the thicker the teflon coating becomes, except in the case of Modi ji, where he is solely responsible for everything starting from the arrival of the jihadi hordes who pillaged and plundered their way through India in all those centuries past, right up to the partition, demonetization and now, the beedi fiasco.