Raghuram Rajan to return to Chicago next year

by Marathadi-Saamiyaar Sat Oct 31, 2015 10:39 pm

...It is time he spend some time in Chicago FINALLY.

by swapna Sun Nov 01, 2015 7:58 am

Marathadi-Saamiyaar wrote:
...It is time he spend some time in Chicago FINALLY.

why do you say that?

btw, it's "spent," not "spend."

by Marathadi-Saamiyaar Sun Nov 01, 2015 3:34 pm

swapna wrote:
Marathadi-Saamiyaar wrote:
...It is time he spend some time in Chicago FINALLY.
why do you say that?

btw, it's "spent," not "spend."

okie...make that "spends"

by truthbetold Sun Nov 01, 2015 10:17 pm

Rajan is working hard and making good decisions. His RBI is a respected institution. In the world of investing, institutional integrity carries a lot of positive weight. I hope modi and Jaitley are smart enough to keep Rajan. They may find a good alternate among many successful Indians in India or among the NRIs. But it is not possible they may find just another yes man. RBI is more important than Film institute to take that kind of risk.

by Marathadi-Saamiyaar Sun Nov 01, 2015 11:29 pm

truthbetold wrote:Rajan is working hard and making good decisions. His RBI is a respected institution. In the world of investing, institutional integrity carries a lot of positive weight. I hope modi and Jaitley are smart enough to keep Rajan. They may find a good alternate among many successful Indians in India or among the NRIs. But it is not possible they may find just another yes man. RBI is more important than Film institute to take that kind of risk.

They sure will replace Rajan with another well-known BUT a pro-RSS man.

by Merlot Daruwala Sun Nov 01, 2015 11:41 pm

truthbetold wrote:Rajan is working hard and making good decisions. His RBI is a respected institution. In the world of investing, institutional integrity carries a lot of positive weight. I hope modi and Jaitley are smart enough to keep Rajan. They may find a good alternate among many successful Indians in India or among the NRIs. But it is not possible they may find just another yes man. RBI is more important than Film institute to take that kind of risk.

Irrelevant. He is a sickular fukular appointee of the UPA govt, and has recently been making sickular noises about growing intolerance in India. And he has not been obeying the FM and dropping interest rates. That kind of independence is intolerable. His impertinence makes him unsuitable for 21st century's India, so he must now pack up and leave.

Ideally, people who speak up against intolerance should be packed off to Pakistan or Saudi Arabia. But since this fellow is too high profile and independent minded, he will go off to the US and we won't be able to stop him.

Sd
Sangh Parivar

by Kris Mon Nov 02, 2015 12:56 am

truthbetold wrote:Rajan is working hard and making good decisions. His RBI is a respected institution. In the world of investing, institutional integrity carries a lot of positive weight. I hope modi and Jaitley are smart enough to keep Rajan. They may find a good alternate among many successful Indians in India or among the NRIs. But it is not possible they may find just another yes man. RBI is more important than Film institute to take that kind of risk.

>>>It may be that Rajan gave himself a certain length of time before he would return to Chicago and he is coming up on it now. His resume has the India experience now which him a higher value commodity now stateside. That would be a loss for India though.

by Marathadi-Saamiyaar Mon Nov 02, 2015 1:34 am

Kris wrote:
truthbetold wrote:Rajan is working hard and making good decisions. His RBI is a respected institution. In the world of investing, institutional integrity carries a lot of positive weight. I hope modi and Jaitley are smart enough to keep Rajan. They may find a good alternate among many successful Indians in India or among the NRIs. But it is not possible they may find just another yes man. RBI is more important than Film institute to take that kind of risk.
>>>It may be that Rajan gave himself a certain length of time before he would return to Chicago and he is coming up on it now. His resume has the India experience now which him a higher value commodity now stateside. That would be a loss for India though.

He could have done it in a better way. He could have refused any renewal in Oct 2016 for any number of diplomatic reasons and still be on the Govt good side. Not sure what higher position he could aim for...anything higher will certainly be political in nature and he will need every Govt's support.

Besides this guy has been on leave for almost 10 years, and just started teaching a 200-level finance course when he left half way. Wonder how a Univ could give a person leave on a continual basis for years on end. So may be he decided to return to US for good. His kids are entering college or in the middle of it (I did some digging up when he was appointed to RBI).

by swapna Mon Nov 02, 2015 1:28 pm

Kris wrote:
truthbetold wrote:Rajan is working hard and making good decisions. His RBI is a respected institution. In the world of investing, institutional integrity carries a lot of positive weight. I hope modi and Jaitley are smart enough to keep Rajan. They may find a good alternate among many successful Indians in India or among the NRIs. But it is not possible they may find just another yes / man. RBI is more important than Film institute to take that kind of risk.
>>>It may be that Rajan gave himself a certain length of time before he would return to Chicago and he is coming up on it now. His resume has the India experience now which him a higher value commodity now stateside. That would be a loss for India though.

if I remember correctly, rajan's agreement with the government of india was to serve as the r.b.i. governor for three years. now that that period is coming to an end, another factor is likely to dominate his thinking: the opportunity cost of his position in india, I.e., the lost earnings from the booth school of business of the u of chicago, which are likely to be considerable. one can make an educated guess based on known salaries.

the standard salary of an assistant professor of finance at a top15 business school in the u.s. is $200,000 for the nine-month academic year, plus 2/9 of that for summer support, a total of about $245,000/year. chicago booth, hbs, stanford's gsb, and wharton pay more, a total of about $250k to $270k per year.

that's for an assistant professor. one can extrapolate that info to rajan, who is a full professor and a star.

given chicago's attraction, and the ending of his term in india according to his initial agreement, rajan needs no."diplomatic excuse" to leave india's r.b.I., especially when narenbhai quite likely wants to appoint a governor who is more pliable.

by truthbetold Mon Nov 02, 2015 10:37 pm

Rajan is financially more valuable now than when he is just another u of Chicago prof. He can earn far more money through consulting and lectures around the world. Based on articles I read he seems to be somewhat committed to India (his decision to retain Indian citizenship). He may have political aspirations. Obviously he will not be a part of BJP and BJP does not have space for non political intellectuals. Rajan may not want to join a degraded dynastic corrupt congress. That leaves him with the only option of contributing in an appointed position.

Best case scenario: Rajan continues as RBI Governor for another term or two. Gets lot of credit as financial architect of India's growth in coming years. Then floats his own political outfit as an alternative to all current political parties.

by Merlot Daruwala Tue Nov 03, 2015 12:09 am

truthbetold wrote:Rajan is financially more valuable now than when he is just another u of Chicago prof. He can earn far more money through consulting and lectures around the world. Based on articles I read he seems to be somewhat committed to India (his decision to retain Indian citizenship). He may have political aspirations. Obviously he will not be a part of BJP and BJP does not have space for non political intellectuals. Rajan may not want to join a degraded dynastic corrupt congress. That leaves him with the only option of contributing in an appointed position.

Best case scenario: Rajan continues as RBI Governor for another term or two. Gets lot of credit as financial architect of India's growth in coming years. Then floats his own political outfit as an alternative to all current political parties.

Too far-fetched. He is too genteel and too alien to play in Indian politics.

In any case, there's no way he's getting an extension.

by Marathadi-Saamiyaar Tue Nov 03, 2015 12:23 am

truthbetold wrote:Rajan is financially more valuable now than when he is just another u of Chicago prof. He can earn far more money through consulting and lectures around the world. Based on articles I read he seems to be somewhat committed to India (his decision to retain Indian citizenship). He may have political aspirations. Obviously he will not be a part of BJP and BJP does not have space for non political intellectuals. Rajan may not want to join a degraded dynastic corrupt congress. That leaves him with the only option of contributing in an appointed position.

Best case scenario: Rajan continues as RBI Governor for another term or two. Gets lot of credit as financial architect of India's growth in coming years. Then floats his own political outfit as an alternative to all current political parties.

This guy likes Govt institutions. After all he is a Tambrahm - a naturally good administrator. He has been with one international agency or another for 10 years. RBI governorship is just the icing on the cake. He is not an MBA or an economist - rather a PhD in Finance. He is ideally suitable to head some Looting organization on Wall Street. First he will try to become president of some University - for which he is ideally suited. Or, get into Wall Street and then get into an academic institution after he turns 60.

by Guest Tue Nov 03, 2015 12:50 am

Marathadi-Saamiyaar wrote:
truthbetold wrote:Rajan is financially more valuable now than when he is just another u of Chicago prof. He can earn far more money through consulting and lectures around the world. Based on articles I read he seems to be somewhat committed to India (his decision to retain Indian citizenship). He may have political aspirations. Obviously he will not be a part of BJP and BJP does not have space for non political intellectuals. Rajan may not want to join a degraded dynastic corrupt congress. That leaves him with the only option of contributing in an appointed position.

Best case scenario: Rajan continues as RBI Governor for another term or two. Gets lot of credit as financial architect of India's growth in coming years. Then floats his own political outfit as an alternative to all current political parties.

This guy likes Govt institutions. After all he is a Tambrahm - a naturally good administrator. He has been with one international agency or another for 10 years. RBI governorship is just the icing on the cake. He is not an MBA or an economist - rather a PhD in Finance. He is ideally suitable to head some Looting organization on Wall Street. First he will try to become president of some University - for which he is ideally suited. Or, get into Wall Street and then get into an academic institution after he turns 60.

wait, i have not read the thread but has not already been offered the post of head of IMF for next year? has he turned it down?

by swapna Tue Nov 03, 2015 1:05 am

brie wrote:
Marathadi-Saamiyaar wrote:
truthbetold wrote:Rajan is financially more valuable now than when he is just another u of Chicago prof. He can earn far more money through consulting and lectures around the world. Based on articles I read he seems to be somewhat committed to India (his decision to retain Indian citizenship). He may have political aspirations. Obviously he will not be a part of BJP and BJP does not have space for non political intellectuals. Rajan may not want to join a degraded dynastic corrupt congress. That leaves him with the only option of contributing in an appointed position.

Best case scenario: Rajan continues as RBI Governor for another term or two. Gets lot of credit as financial architect of India's growth in coming years. Then floats his own political outfit as an alternative to all current political parties.

This guy likes Govt institutions. After all he is a Tambrahm - a naturally good administrator. He has been with one international agency or another for 10 years. RBI governorship is just the icing on the cake. He is not an MBA or an economist - rather a PhD in Finance. He is ideally suitable to head some Looting organization on Wall Street. First he will try to become president of some University - for which he is ideally suited. Or, get into Wall Street and then get into an academic institution after he turns 60.
wait, i have not read the thread but has not already been offered the post of head of IMF for next year? has he turned it down?

what do you mean by "wait?" is someone going somewhere without you? are you an american middle-school student? are you uppiliamma? (he's the only one who says "wait" here.)

by Guest Tue Nov 03, 2015 1:14 am

swapna wrote:
brie wrote:
Marathadi-Saamiyaar wrote:
truthbetold wrote:Rajan is financially more valuable now than when he is just another u of Chicago prof. He can earn far more money through consulting and lectures around the world. Based on articles I read he seems to be somewhat committed to India (his decision to retain Indian citizenship). He may have political aspirations. Obviously he will not be a part of BJP and BJP does not have space for non political intellectuals. Rajan may not want to join a degraded dynastic corrupt congress. That leaves him with the only option of contributing in an appointed position.

Best case scenario: Rajan continues as RBI Governor for another term or two. Gets lot of credit as financial architect of India's growth in coming years. Then floats his own political outfit as an alternative to all current political parties.

This guy likes Govt institutions. After all he is a Tambrahm - a naturally good administrator. He has been with one international agency or another for 10 years. RBI governorship is just the icing on the cake. He is not an MBA or an economist - rather a PhD in Finance. He is ideally suitable to head some Looting organization on Wall Street. First he will try to become president of some University - for which he is ideally suited. Or, get into Wall Street and then get into an academic institution after he turns 60.
wait, i have not read the thread but has not already been offered the post of head of IMF for next year? has he turned it down?
what do you mean by "wait?" is someone going somewhere without you? are you an american middle-school student? are you uppiliamma? (he's the only one who says "wait" here.)

by wait i mean -- SWAPNA DIDI ROCKS!!!

by Kris Tue Nov 03, 2015 1:28 am

brie wrote:
Marathadi-Saamiyaar wrote:
truthbetold wrote:Rajan is financially more valuable now than when he is just another u of Chicago prof. He can earn far more money through consulting and lectures around the world. Based on articles I read he seems to be somewhat committed to India (his decision to retain Indian citizenship). He may have political aspirations. Obviously he will not be a part of BJP and BJP does not have space for non political intellectuals. Rajan may not want to join a degraded dynastic corrupt congress. That leaves him with the only option of contributing in an appointed position.

Best case scenario: Rajan continues as RBI Governor for another term or two. Gets lot of credit as financial architect of India's growth in coming years. Then floats his own political outfit as an alternative to all current political parties.

This guy likes Govt institutions. After all he is a Tambrahm - a naturally good administrator. He has been with one international agency or another for 10 years. RBI governorship is just the icing on the cake. He is not an MBA or an economist - rather a PhD in Finance. He is ideally suitable to head some Looting organization on Wall Street. First he will try to become president of some University - for which he is ideally suited. Or, get into Wall Street and then get into an academic institution after he turns 60.
wait, i have not read the thread but has not already been offered the post of head of IMF for next year? has he turned it down?

>>>Yep, I think that is likely to be the game plan. That opening comes up in 2016. I haven't heard that he has turned it down. He has been there before A few years of that and maybe Wall Street after that. The India experience is invaluable from that perspective.

by Kris Tue Nov 03, 2015 1:33 am

truthbetold wrote:Rajan is financially more valuable now than when he is just another u of Chicago prof. He can earn far more money through consulting and lectures around the world. Based on articles I read he seems to be somewhat committed to India (his decision to retain Indian citizenship). He may have political aspirations. Obviously he will not be a part of BJP and BJP does not have space for non political intellectuals. Rajan may not want to join a degraded dynastic corrupt congress. That leaves him with the only option of contributing in an appointed position.

Best case scenario: Rajan continues as RBI Governor for another term or two. Gets lot of credit as financial architect of India's growth in coming years. Then floats his own political outfit as an alternative to all current political parties.

>>>He has got much bigger to fry than Booth and his resume is solid and he is well known. Indian politics would have never been on the radar though. IMF-Wall Street- Sitting on several boards could be very much on the radar.

by Guest Tue Nov 03, 2015 2:09 am

Kris wrote:
brie wrote:
Marathadi-Saamiyaar wrote:
truthbetold wrote:Rajan is financially more valuable now than when he is just another u of Chicago prof. He can earn far more money through consulting and lectures around the world. Based on articles I read he seems to be somewhat committed to India (his decision to retain Indian citizenship). He may have political aspirations. Obviously he will not be a part of BJP and BJP does not have space for non political intellectuals. Rajan may not want to join a degraded dynastic corrupt congress. That leaves him with the only option of contributing in an appointed position.

Best case scenario: Rajan continues as RBI Governor for another term or two. Gets lot of credit as financial architect of India's growth in coming years. Then floats his own political outfit as an alternative to all current political parties.

This guy likes Govt institutions. After all he is a Tambrahm - a naturally good administrator. He has been with one international agency or another for 10 years. RBI governorship is just the icing on the cake. He is not an MBA or an economist - rather a PhD in Finance. He is ideally suitable to head some Looting organization on Wall Street. First he will try to become president of some University - for which he is ideally suited. Or, get into Wall Street and then get into an academic institution after he turns 60.
wait, i have not read the thread but has not already been offered the post of head of IMF for next year? has he turned it down?
>>>Yep, I think that is likely to be the game plan. That opening comes up in 2016. I haven't heard that he has turned it down. He has been there before A few years of that and maybe Wall Street after that. The India experience is invaluable from that perspective.

yes. he has also said that he holds his current job to be the best he has ever had - i hope the govt. lets him continue! to be honest, we don't deserve him.

by Kris Tue Nov 03, 2015 2:22 am

brie wrote:
Kris wrote:
brie wrote:
Marathadi-Saamiyaar wrote:
truthbetold wrote:Rajan is financially more valuable now than when he is just another u of Chicago prof. He can earn far more money through consulting and lectures around the world. Based on articles I read he seems to be somewhat committed to India (his decision to retain Indian citizenship). He may have political aspirations. Obviously he will not be a part of BJP and BJP does not have space for non political intellectuals. Rajan may not want to join a degraded dynastic corrupt congress. That leaves him with the only option of contributing in an appointed position.

Best case scenario: Rajan continues as RBI Governor for another term or two. Gets lot of credit as financial architect of India's growth in coming years. Then floats his own political outfit as an alternative to all current political parties.

This guy likes Govt institutions. After all he is a Tambrahm - a naturally good administrator. He has been with one international agency or another for 10 years. RBI governorship is just the icing on the cake. He is not an MBA or an economist - rather a PhD in Finance. He is ideally suitable to head some Looting organization on Wall Street. First he will try to become president of some University - for which he is ideally suited. Or, get into Wall Street and then get into an academic institution after he turns 60.
wait, i have not read the thread but has not already been offered the post of head of IMF for next year? has he turned it down?
>>>Yep, I think that is likely to be the game plan. That opening comes up in 2016. I haven't heard that he has turned it down. He has been there before A few years of that and maybe Wall Street after that. The India experience is invaluable from that perspective.
yes. he has also said that he holds his current job to be the best he has ever had - i hope the govt. lets him continue! to be honest, we don't deserve him.

>>>I am sure there is a lot of thrill to it, but the IMF position has a 5 year term. If he misses this, it is 2021 next. I am sure that factors into his calculations as well.

by Marathadi-Saamiyaar Tue Nov 03, 2015 2:26 am

Kris wrote:
brie wrote:
Kris wrote:
brie wrote:
Marathadi-Saamiyaar wrote:

This guy likes Govt institutions. After all he is a Tambrahm - a naturally good administrator. He has been with one international agency or another for 10 years. RBI governorship is just the icing on the cake. He is not an MBA or an economist - rather a PhD in Finance. He is ideally suitable to head some Looting organization on Wall Street. First he will try to become president of some University - for which he is ideally suited. Or, get into Wall Street and then get into an academic institution after he turns 60.
wait, i have not read the thread but has not already been offered the post of head of IMF for next year? has he turned it down?
>>>Yep, I think that is likely to be the game plan. That opening comes up in 2016. I haven't heard that he has turned it down. He has been there before A few years of that and maybe Wall Street after that. The India experience is invaluable from that perspective.
yes. he has also said that he holds his current job to be the best he has ever had - i hope the govt. lets him continue! to be honest, we don't deserve him.
>>>I am sure there is a lot of thrill to it, but the IMF position has a 5 year term. If he misses this, it is 2021 next. I am sure that factors into his calculations as well.

IMF leadership belongs to Europe traditionally and this time they are trying hard to put a BRICS guy there. Rajan would need the FULL backing of the Indian Govt and its 100% diplomatic campaign. After his speech, he wont get the support of the present Govt.

by Guest Tue Nov 03, 2015 2:48 am

Marathadi-Saamiyaar wrote:
Kris wrote:
brie wrote:
Kris wrote:
brie wrote:
wait, i have not read the thread but has not already been offered the post of head of IMF for next year? has he turned it down?
>>>Yep, I think that is likely to be the game plan. That opening comes up in 2016. I haven't heard that he has turned it down. He has been there before A few years of that and maybe Wall Street after that. The India experience is invaluable from that perspective.
yes. he has also said that he holds his current job to be the best he has ever had - i hope the govt. lets him continue! to be honest, we don't deserve him.
>>>I am sure there is a lot of thrill to it, but the IMF position has a 5 year term. If he misses this, it is 2021 next. I am sure that factors into his calculations as well.

IMF leadership belongs to Europe traditionally and this time they are trying hard to put a BRICS guy there. Rajan would need the FULL backing of the Indian Govt and its 100% diplomatic campaign. After his speech, he wont get the support of the present Govt.

SWAPNA DIDI ROCKS, isn't the imf md elected by a vote by the member nations? if so, how does it matter if just india does not vote for him?

by Kris Tue Nov 03, 2015 3:20 am

Marathadi-Saamiyaar wrote:
Kris wrote:
brie wrote:
Kris wrote:
brie wrote:
wait, i have not read the thread but has not already been offered the post of head of IMF for next year? has he turned it down?
>>>Yep, I think that is likely to be the game plan. That opening comes up in 2016. I haven't heard that he has turned it down. He has been there before A few years of that and maybe Wall Street after that. The India experience is invaluable from that perspective.
yes. he has also said that he holds his current job to be the best he has ever had - i hope the govt. lets him continue! to be honest, we don't deserve him.
>>>I am sure there is a lot of thrill to it, but the IMF position has a 5 year term. If he misses this, it is 2021 next. I am sure that factors into his calculations as well.

IMF leadership belongs to Europe traditionally and this time they are trying hard to put a BRICS guy there. Rajan would need the FULL backing of the Indian Govt and its 100% diplomatic campaign. After his speech, he wont get the support of the present Govt.

>> Rajan is well known in international circles. In essence, he will have a decent shot it with or without India's support. Given that, India will essentially be put on the spot and will have little choice but to support him. I can't believe he is coming back to be in academics after the RBI stint.

by Guest Tue Nov 03, 2015 3:26 am

Kris wrote:
Marathadi-Saamiyaar wrote:
Kris wrote:
brie wrote:
Kris wrote:
>>>Yep, I think that is likely to be the game plan. That opening comes up in 2016. I haven't heard that he has turned it down. He has been there before A few years of that and maybe Wall Street after that. The India experience is invaluable from that perspective.
yes. he has also said that he holds his current job to be the best he has ever had - i hope the govt. lets him continue! to be honest, we don't deserve him.
>>>I am sure there is a lot of thrill to it, but the IMF position has a 5 year term. If he misses this, it is 2021 next. I am sure that factors into his calculations as well.

IMF leadership belongs to Europe traditionally and this time they are trying hard to put a BRICS guy there. Rajan would need the FULL backing of the Indian Govt and its 100% diplomatic campaign. After his speech, he wont get the support of the present Govt.
>> Rajan is well known in international circles. In essence, he will have a decent shot it with or without India's support. Given that, India will essentially be put on the spot and will have little choice but to support him. I can't believe he is coming back to be in academics after the RBI stint.

fully agree. i don't think he wants to teach anymore -- he wants to practice.

by swapna Tue Nov 03, 2015 10:40 am

brie wrote:
Kris wrote:
Marathadi-Saamiyaar wrote:
Kris wrote:
brie wrote:
yes. he has also said that he holds his current job to be the best he has ever had - i hope the govt. lets him continue! to be honest, we don't deserve him.
>>>I am sure there is a lot of thrill to it, but the IMF position has a 5 year term. If he misses this, it is 2021 next. I am sure that factors into his calculations as well.

IMF leadership belongs to Europe traditionally and this time they are trying hard to put a BRICS guy there. Rajan would need the FULL backing of the Indian Govt and its 100% diplomatic campaign. After his speech, he wont get the support of the present Govt.
>> Rajan is well known in international circles. In essence, he will have a decent shot it with or without India's support. Given that, India will essentially be put on the spot and will have little choice but to support him. I can't believe he is coming back to be in academics after the RBI stint.
fully agree. i don't think he wants to teach anymore -- he wants to practice.

hahaha @"fully agree." how does anyone agree "fully" with another person?

by pravalika nanda Tue Nov 03, 2015 1:47 pm

Marathadi-Saamiyaar wrote:
truthbetold wrote:Rajan is financially more valuable now than when he is just another u of Chicago prof. He can earn far more money through consulting and lectures around the world. Based on articles I read he seems to be somewhat committed to India (his decision to retain Indian citizenship). He may have political aspirations. Obviously he will not be a part of BJP and BJP does not have space for non political intellectuals. Rajan may not want to join a degraded dynastic corrupt congress. That leaves him with the only option of contributing in an appointed position.

Best case scenario: Rajan continues as RBI Governor for another term or two. Gets lot of credit as financial architect of India's growth in coming years. Then floats his own political outfit as an alternative to all current political parties.

This guy likes Govt institutions. After all he is a Tambrahm - a naturally good administrator.

** i see. how do you account for the countless number of silly and sleepy-headed tambrams i routinely encounter?
the most wealthy tambram i know reported to me that at 37 he had never kissed a woman or been out on a date. he's a big guy in an oil company. his dad called up my dad at 2am EST to ask if i was a virgin. poor dad, he didn't sleep that night.

more recently, i spoke to another tambram, and i was asking him what his hobbies were. and he said "astrology." i first thought he said "astronomy" but he clarified it for me. that kind of idiocy - no ivy league can fix it. you're raised with it.

also uppili, how come the tbs got kicked out of TN if they're such good administrators and deal-makers? also no tamil PM for india? even in the madras presidency several of the imp players were telugu.

the only thing i've noticed comes naturally to tbs is their overblown regard for their caste** and caste members for every commonplace accomplishment such as getting a college edu and a job. i've met plenty of tbs in my professional field who're simply mediocre.

** i used to respect indra nooyi until i saw her interview at some tech conference in the midwest (she was interviewed alongside some govt leaders) and she started off by saying "i am a tambram and growing up in a tambram family my parents emphasized education..." huhhhhhh, what does she think non-tb parents are doing?
how can an icon talk like that? anyhow, now everyone knows she's tambram.

congrats, tambrams.

by Marathadi-Saamiyaar Tue Nov 03, 2015 4:18 pm

pravalika nanda wrote:
Marathadi-Saamiyaar wrote:
truthbetold wrote:Rajan is financially more valuable now than when he is just another u of Chicago prof. He can earn far more money through consulting and lectures around the world. Based on articles I read he seems to be somewhat committed to India (his decision to retain Indian citizenship). He may have political aspirations. Obviously he will not be a part of BJP and BJP does not have space for non political intellectuals. Rajan may not want to join a degraded dynastic corrupt congress. That leaves him with the only option of contributing in an appointed position.

Best case scenario: Rajan continues as RBI Governor for another term or two. Gets lot of credit as financial architect of India's growth in coming years. Then floats his own political outfit as an alternative to all current political parties.

This guy likes Govt institutions. After all he is a Tambrahm - a naturally good administrator.

** i see. how do you account for the countless number of silly and sleepy-headed tambrams i routinely encounter?
the most wealthy tambram i know reported to me that at 37 he had never kissed a woman or been out on a date. he's a big guy in an oil company. his dad called up my dad at 2am EST to ask if i was a virgin. poor dad, he didn't sleep that night.

more recently, i spoke to another tambram, and i was asking him what his hobbies were. and he said "astrology." i first thought he said "astronomy" but he clarified it for me. that kind of idiocy - no ivy league can fix it. you're raised with it.

also uppili, how come the tbs got kicked out of TN if they're such good administrators and deal-makers? also no tamil PM for india? even in the madras presidency several of the imp players were telugu.

the only thing i've noticed comes naturally to tbs is their overblown regard for their caste** and caste members for every commonplace accomplishment such as getting a college edu and a job. i've met plenty of tbs in my professional field who're simply mediocre.

** i used to respect indra nooyi until i saw her interview at some tech conference in the midwest (she was interviewed alongside some govt leaders) and she started off by saying "i am a tambram and growing up in a tambram family my parents emphasized education..." huhhhhhh, what does she think non-tb parents are doing?
how can an icon talk like that? anyhow, now everyone knows she's tambram.

congrats, tambrams.

My dear Ulti Gulti: As a Kumakonam Iyengar Goundar I have to respond.

I think the reason you are meeting so many deadwood Tambrahms is Y O U. bcz you are going by those who are rich wonly and naturally such people are not multi-dimensional.

Start dating Goundars exclusively. Most of them us are not virgins and automatically you will make a connection. Tamilians are so superior they dont want to be India's PM. Your own Narasimha Rao had to report to the White-Mata on a weekly basis. Telugus might do that but not Tamilans.

by Vakavaka Pakapaka Tue Nov 03, 2015 4:59 pm

pravalika nanda wrote:
Marathadi-Saamiyaar wrote:
truthbetold wrote:Rajan is financially more valuable now than when he is just another u of Chicago prof. He can earn far more money through consulting and lectures around the world. Based on articles I read he seems to be somewhat committed to India (his decision to retain Indian citizenship). He may have political aspirations. Obviously he will not be a part of BJP and BJP does not have space for non political intellectuals. Rajan may not want to join a degraded dynastic corrupt congress. That leaves him with the only option of contributing in an appointed position.

Best case scenario: Rajan continues as RBI Governor for another term or two. Gets lot of credit as financial architect of India's growth in coming years. Then floats his own political outfit as an alternative to all current political parties.

This guy likes Govt institutions. After all he is a Tambrahm - a naturally good administrator.

** i see. how do you account for the countless number of silly and sleepy-headed tambrams i routinely encounter?
the most wealthy tambram i know reported to me that at 37 he had never kissed a woman or been out on a date. he's a big guy in an oil company. his dad called up my dad at 2am EST to ask if i was a virgin. poor dad, he didn't sleep that night.

more recently, i spoke to another tambram, and i was asking him what his hobbies were. and he said "astrology." i first thought he said "astronomy" but he clarified it for me. that kind of idiocy - no ivy league can fix it. you're raised with it.

also uppili, how come the tbs got kicked out of TN if they're such good administrators and deal-makers? also no tamil PM for india? even in the madras presidency several of the imp players were telugu.

the only thing i've noticed comes naturally to tbs is their overblown regard for their caste** and caste members for every commonplace accomplishment such as getting a college edu and a job. i've met plenty of tbs in my professional field who're simply mediocre.

** i used to respect indra nooyi until i saw her interview at some tech conference in the midwest (she was interviewed alongside some govt leaders) and she started off by saying "i am a tambram and growing up in a tambram family my parents emphasized education..." huhhhhhh, what does she think non-tb parents are doing?
how can an icon talk like that? anyhow, now everyone knows she's tambram.

congrats, tambrams.

Indra is smart - she didn't marry a Tambram! :-)

by truthbetold Tue Nov 03, 2015 8:24 pm

Rajan grew up in Delhi. He probably picked up a thing or two from narthies.
It is unfair to reduce rajan's accomplishments to his genes. He used his natural advantages to become a smart economist. He also has a clear vision of where he wants to go (based on a profile in India today).

Uppili was correct in saying IMF presidency was allocated to Europe (world bank president is from Usa). China failed to get their citizen appointed as Imf president last time around. India does not contribute enough to even make a claim to Imf presidency. While Imf president is always an accomplished professional, he/she needs to be sponsored by voting shareholders. Those shareholders are major economies of the world. Rajan has a better chance of becoming world bank than becoming the head of Imf (in other words, not much of a chance).

by Kris Wed Nov 04, 2015 1:19 am

truthbetold wrote:Rajan grew up in Delhi. He probably picked up a thing or two from narthies.
It is unfair to reduce rajan's accomplishments to his genes. He used his natural advantages to become a smart economist. He also has a clear vision of where he wants to go (based on a profile in India today).

Uppili was correct in saying IMF presidency was allocated to Europe (world bank president is from Usa). China failed to get their citizen appointed as Imf president last time around. India does not contribute enough to even make a claim to Imf presidency. While Imf president is always an accomplished professional, he/she needs to be sponsored by voting shareholders. Those shareholders are major economies of the world. Rajan has a better chance of becoming world bank than becoming the head of Imf (in other words, not much of a chance).

>>>TBT, there may be some wheeling/dealing going on behind the scenes. Rajan is a known quantity at the IMF. The timing of his move seems a little too much of a co-incidence.

by Marathadi-Saamiyaar Wed Nov 04, 2015 1:22 am

truthbetold wrote:Rajan grew up in Delhi. He probably picked up a thing or two from narthies.
It is unfair to reduce rajan's accomplishments to his genes. He used his natural advantages to become a smart economist. He also has a clear vision of where he wants to go (based on a profile in India today).

Uppili was correct in saying IMF presidency was allocated to Europe (world bank president is from Usa). China failed to get their citizen appointed as Imf president last time around. India does not contribute enough to even make a claim to Imf presidency. While Imf president is always an accomplished professional, he/she needs to be sponsored by voting shareholders. Those shareholders are major economies of the world. Rajan has a better chance of becoming world bank than becoming the head of Imf (in other words, not much of a chance).

Rajan has 2 big hurdles:

1. He is not a US passport holder. So he wont be World Bank Prez and wont be IMF as EVEN India would not back him. The voting at IMF is based on the SDR and the country's Share. That is why US and europeans have a large share of the vote. I dont think it is 1 to 1 vote or that every country has a vote.

2. Rajan is not - REPEAT NOT - an Economist. Like Physicists and Mathematicians economists are superior creatures who recognize only those with a bachelor degree in Econ as their clan. Rajan belongs to the most hated clan - the financial clan (He is a prof in School of Business and THE COLLEGE will not even allow Rajan to step into their COLLEGE). Stupid Indian media wrongly brands him as an Economist. The STUPID Indian media does not know the difference between an Economist and a "Banker" and between an Engineer and a Scientist.

Rajan should and will accept presidency of a prestigious (not an IVY League) University (Like Subra Suresh did). Or, he will be on the Wall Street heading Amex or CITI or Goldman or something else there.

by Kris Wed Nov 04, 2015 1:35 am

Marathadi-Saamiyaar wrote:
truthbetold wrote:Rajan grew up in Delhi. He probably picked up a thing or two from narthies.
It is unfair to reduce rajan's accomplishments to his genes. He used his natural advantages to become a smart economist. He also has a clear vision of where he wants to go (based on a profile in India today).

Uppili was correct in saying IMF presidency was allocated to Europe (world bank president is from Usa). China failed to get their citizen appointed as Imf president last time around. India does not contribute enough to even make a claim to Imf presidency. While Imf president is always an accomplished professional, he/she needs to be sponsored by voting shareholders. Those shareholders are major economies of the world. Rajan has a better chance of becoming world bank than becoming the head of Imf (in other words, not much of a chance).

Rajan has 2 big hurdles:

1. He is not a US passport holder. So he wont be World Bank Prez and wont be IMF as EVEN India would not back him. The voting at IMF is based on the SDR and the country's Share. That is why US and europeans have a large share of the vote. I dont think it is 1 to 1 vote or that every country has a vote.

2. Rajan is not - REPEAT NOT - an Economist. Like Physicists and Mathematicians economists are superior creatures who recognize only those with a bachelor degree in Econ as their clan. Rajan belongs to the most hated clan - the financial clan (He is a prof in School of Business and THE COLLEGE will not even allow Rajan to step into their COLLEGE). Stupid Indian media wrongly brands him as an Economist. The STUPID Indian media does not know the difference between an Economist and a "Banker" and between an Engineer and a Scientist.

Rajan should and will accept presidency of a prestigious (not an IVY League) University (Like Subra Suresh did). Or, he will be on the Wall Street heading Amex or CITI or Goldman or something else there.

>>>I see Wall Street in his future too, but the IMF is under some pressure to get someone from one of the BRICs. He is well known and is a proxy for an American. Let's see.

(isn't Christine Lagarde mainly a lawyer?)

by Guest Wed Nov 04, 2015 1:47 am

Kris wrote:
Marathadi-Saamiyaar wrote:
truthbetold wrote:Rajan grew up in Delhi. He probably picked up a thing or two from narthies.
It is unfair to reduce rajan's accomplishments to his genes. He used his natural advantages to become a smart economist. He also has a clear vision of where he wants to go (based on a profile in India today).

Uppili was correct in saying IMF presidency was allocated to Europe (world bank president is from Usa). China failed to get their citizen appointed as Imf president last time around. India does not contribute enough to even make a claim to Imf presidency. While Imf president is always an accomplished professional, he/she needs to be sponsored by voting shareholders. Those shareholders are major economies of the world. Rajan has a better chance of becoming world bank than becoming the head of Imf (in other words, not much of a chance).

Rajan has 2 big hurdles:

1. He is not a US passport holder. So he wont be World Bank Prez and wont be IMF as EVEN India would not back him. The voting at IMF is based on the SDR and the country's Share. That is why US and europeans have a large share of the vote. I dont think it is 1 to 1 vote or that every country has a vote.

2. Rajan is not - REPEAT NOT - an Economist. Like Physicists and Mathematicians economists are superior creatures who recognize only those with a bachelor degree in Econ as their clan. Rajan belongs to the most hated clan - the financial clan (He is a prof in School of Business and THE COLLEGE will not even allow Rajan to step into their COLLEGE). Stupid Indian media wrongly brands him as an Economist. The STUPID Indian media does not know the difference between an Economist and a "Banker" and between an Engineer and a Scientist.

Rajan should and will accept presidency of a prestigious (not an IVY League) University (Like Subra Suresh did). Or, he will be on the Wall Street heading Amex or CITI or Goldman or something else there.
>>>I see Wall Street in his future too, but the IMF is under some pressure to get someone from one of the BRICs. He is well known and is a proxy for an American. Let's see.

(isn't Christine Lagarde mainly a lawyer?)

lol, don't you rain on PROFESSOR saamiyar's parade. he is the KNOW-ALL! i think he has already received an invitation from imf to head it.

by Marathadi-Saamiyaar Wed Nov 04, 2015 2:02 am

brie wrote:
Kris wrote:
Marathadi-Saamiyaar wrote:
truthbetold wrote:Rajan grew up in Delhi. He probably picked up a thing or two from narthies.
It is unfair to reduce rajan's accomplishments to his genes. He used his natural advantages to become a smart economist. He also has a clear vision of where he wants to go (based on a profile in India today).

Uppili was correct in saying IMF presidency was allocated to Europe (world bank president is from Usa). China failed to get their citizen appointed as Imf president last time around. India does not contribute enough to even make a claim to Imf presidency. While Imf president is always an accomplished professional, he/she needs to be sponsored by voting shareholders. Those shareholders are major economies of the world. Rajan has a better chance of becoming world bank than becoming the head of Imf (in other words, not much of a chance).

Rajan has 2 big hurdles:

1. He is not a US passport holder. So he wont be World Bank Prez and wont be IMF as EVEN India would not back him. The voting at IMF is based on the SDR and the country's Share. That is why US and europeans have a large share of the vote. I dont think it is 1 to 1 vote or that every country has a vote.

2. Rajan is not - REPEAT NOT - an Economist. Like Physicists and Mathematicians economists are superior creatures who recognize only those with a bachelor degree in Econ as their clan. Rajan belongs to the most hated clan - the financial clan (He is a prof in School of Business and THE COLLEGE will not even allow Rajan to step into their COLLEGE). Stupid Indian media wrongly brands him as an Economist. The STUPID Indian media does not know the difference between an Economist and a "Banker" and between an Engineer and a Scientist.

Rajan should and will accept presidency of a prestigious (not an IVY League) University (Like Subra Suresh did). Or, he will be on the Wall Street heading Amex or CITI or Goldman or something else there.
>>>I see Wall Street in his future too, but the IMF is under some pressure to get someone from one of the BRICs. He is well known and is a proxy for an American. Let's see.

(isn't Christine Lagarde mainly a lawyer?)
lol, don't you rain on PROFESSOR saamiyar's parade. he is the KNOW-ALL! i think he has already received an invitation from imf to head it.

Stop LoLing and read carefully....not peripherally....

Rajan is NOT an Economist. PERIOD. That does not mean he cannot be elected MD of IMF. Why he would not become one is bcz IMF is a European territory...This is how the MD is elected:

****
Selection process

The IMF's 24-member Executive Board is responsible for selecting the Managing Director. Past practice has been that Executive Directors may submit a nomination for the position. In the 2011 selection round, IMF Governors could also submit nominations.

For the 2011 selection, the Executive Board adopted a procedure that allowed the selection of the next Managing Director to take place in an open, merit-based, and transparent manner.
****

With India not likely to back him FULLY, he will have no strong backer - just plain political common sense.

Now that you read the above, please continue with your LoLing.... but repeat after me...Rajan is not - repeat NOT - an Economist.

by Guest Wed Nov 04, 2015 2:51 am

Marathadi-Saamiyaar wrote:

Stop LoLing and read carefully....not peripherally....

Rajan is NOT an Economist. PERIOD. That does not mean he cannot be elected MD of IMF. Why he would not become one is bcz IMF is a European territory...This is how the MD is elected:

****
Selection process

The IMF's 24-member Executive Board is responsible for selecting the Managing Director. Past practice has been that Executive Directors may submit a nomination for the position. In the 2011 selection round, IMF Governors could also submit nominations.

For the 2011 selection, the Executive Board adopted a procedure that allowed the selection of the next Managing Director to take place in an open, merit-based, and transparent manner.
****

With India not likely to back him FULLY, he will have no strong backer - just plain political common sense.

Now that you read the above, please continue with your LoLing.... but repeat after me...Rajan is not - repeat NOT - an Economist.

SWAPNA DIDI ROCKS, what does

-- rajan is not an economist have to do with being elected to the office of md in imf? you have repeated this a million times. he is not an economist. SO? ex md ivar rooth was also a banker.

- will india's yes vote ensure that he be elected md? answer me!

by Propagandhi711 Wed Nov 04, 2015 9:22 am

brie wrote:
Marathadi-Saamiyaar wrote:

Stop LoLing and read carefully....not peripherally....

Rajan is NOT an Economist. PERIOD. That does not mean he cannot be elected MD of IMF. Why he would not become one is bcz IMF is a European territory...This is how the MD is elected:

****
Selection process

The IMF's 24-member Executive Board is responsible for selecting the Managing Director. Past practice has been that Executive Directors may submit a nomination for the position. In the 2011 selection round, IMF Governors could also submit nominations.

For the 2011 selection, the Executive Board adopted a procedure that allowed the selection of the next Managing Director to take place in an open, merit-based, and transparent manner.
****

With India not likely to back him FULLY, he will have no strong backer - just plain political common sense.

Now that you read the above, please continue with your LoLing.... but repeat after me...Rajan is not - repeat NOT - an Economist.
SWAPNA DIDI ROCKS, what does

-- rajan is not an economist have to do with being elected to the office of md in imf? you have repeated this a million times. he is not an economist. SO? ex md ivar rooth was also a banker.

- will india's yes vote ensure that he be elected md? answer me!

to me, this would be the test of whether modi's govt is genuinely committed to india or not. this article makes it seem like a split between rajan and the govt is coming:

http://www.bloomberg.com/news/articles/2015-11-04/rajan-defends-speech-says-india-fringe-groups-should-calm-down

by Propagandhi711 Wed Nov 04, 2015 9:24 am

swapna wrote:
Kris wrote:
truthbetold wrote:Rajan is working hard and making good decisions. His RBI is a respected institution. In the world of investing, institutional integrity carries a lot of positive weight. I hope modi and Jaitley are smart enough to keep Rajan. They may find a good alternate among many successful Indians in India or among the NRIs. But it is not possible they may find just another yes / man. RBI is more important than Film institute to take that kind of risk.
>>>It may be that Rajan gave himself a certain length of time before he would return to Chicago and he is coming up on it now. His resume has the India experience now which him a higher value commodity now stateside. That would be a loss for India though.
if I remember correctly, rajan's agreement with the government of india was to serve as the r.b.i. governor for three years. now that that period is coming to an end, another factor is likely to dominate his thinking: the opportunity cost of his position in india, I.e., the lost earnings from the booth school of business of the u of chicago, which are likely to be considerable. one can make an educated guess based on known salaries.

the standard salary of an assistant professor of finance at a top15 business school in the u.s. is $200,000 for the nine-month academic year, plus 2/9 of that for summer support, a total of about $245,000/year. chicago booth, hbs, stanford's gsb, and wharton pay more, a total of about $250k to $270k per year.

that's for an assistant professor. one can extrapolate that info to rajan, who is a full professor and a star.

given chicago's attraction, and the ending of his term in india according to his initial agreement, rajan needs no."diplomatic excuse" to leave india's r.b.I., especially when narenbhai quite likely wants to appoint a governor who is more pliable.

did you puff up your sallow chest and stroke your two incher into a quarter woody in self appreciation of this math? moron.

by Guest Wed Nov 04, 2015 10:47 am

Propagandhi711 wrote:
brie wrote:
Marathadi-Saamiyaar wrote:

Stop LoLing and read carefully....not peripherally....

Rajan is NOT an Economist. PERIOD. That does not mean he cannot be elected MD of IMF. Why he would not become one is bcz IMF is a European territory...This is how the MD is elected:

****
Selection process

The IMF's 24-member Executive Board is responsible for selecting the Managing Director. Past practice has been that Executive Directors may submit a nomination for the position. In the 2011 selection round, IMF Governors could also submit nominations.

For the 2011 selection, the Executive Board adopted a procedure that allowed the selection of the next Managing Director to take place in an open, merit-based, and transparent manner.
****

With India not likely to back him FULLY, he will have no strong backer - just plain political common sense.

Now that you read the above, please continue with your LoLing.... but repeat after me...Rajan is not - repeat NOT - an Economist.
SWAPNA DIDI ROCKS, what does

-- rajan is not an economist have to do with being elected to the office of md in imf? you have repeated this a million times. he is not an economist. SO? ex md ivar rooth was also a banker.

- will india's yes vote ensure that he be elected md? answer me!

to me, this would be the test of whether modi's govt is genuinely committed to india or not. this article makes it seem like a split between rajan and the govt is coming:

http://www.bloomberg.com/news/articles/2015-11-04/rajan-defends-speech-says-india-fringe-groups-should-calm-down

don't underestimate modi. ok scratch that. he lost sense when he became PM. he might regain it if he wins bihar but won't happen. if it does, there will be no stopping modi or india! i hope he wins bihar... india will be a changed country! you still won't be able to eat cow but so what.

by Guest Wed Nov 04, 2015 10:50 am

swapna wrote:
Kris wrote:
truthbetold wrote:Rajan is working hard and making good decisions. His RBI is a respected institution. In the world of investing, institutional integrity carries a lot of positive weight. I hope modi and Jaitley are smart enough to keep Rajan. They may find a good alternate among many successful Indians in India or among the NRIs. But it is not possible they may find just another yes / man. RBI is more important than Film institute to take that kind of risk.
>>>It may be that Rajan gave himself a certain length of time before he would return to Chicago and he is coming up on it now. His resume has the India experience now which him a higher value commodity now stateside. That would be a loss for India though.
if I remember correctly, rajan's agreement with the government of india was to serve as the r.b.i. governor for three years. now that that period is coming to an end, another factor is likely to dominate his thinking: the opportunity cost of his position in india, I.e., the lost earnings from the booth school of business of the u of chicago, which are likely to be considerable. one can make an educated guess based on known salaries.

the standard salary of an assistant professor of finance at a top15 business school in the u.s. is $200,000 for the nine-month academic year, plus 2/9 of that for summer support, a total of about $245,000/year. chicago booth, hbs, stanford's gsb, and wharton pay more, a total of about $250k to $270k per year.

that's for an assistant professor. one can extrapolate that info to rajan, who is a full professor and a star.

given chicago's attraction, and the ending of his term in india according to his initial agreement, rajan needs no."diplomatic excuse" to leave india's r.b.I., especially when narenbhai quite likely wants to appoint a governor who is more pliable.

hhahaahahaa, excuse me bhenkata rao, but, hahahahaahaha! OPPORTUNITY COST? *faint* ok i'm writing a 100k dollars cheque to kk tea consutlancy to have the firm reevaluate my business model.

http://www.manta.com/c/mrytzhz/ -consulting-inc

by Propagandhi711 Wed Nov 04, 2015 11:24 am

brie wrote:
Propagandhi711 wrote:
brie wrote:
Marathadi-Saamiyaar wrote:

Stop LoLing and read carefully....not peripherally....

Rajan is NOT an Economist. PERIOD. That does not mean he cannot be elected MD of IMF. Why he would not become one is bcz IMF is a European territory...This is how the MD is elected:

****
Selection process

The IMF's 24-member Executive Board is responsible for selecting the Managing Director. Past practice has been that Executive Directors may submit a nomination for the position. In the 2011 selection round, IMF Governors could also submit nominations.

For the 2011 selection, the Executive Board adopted a procedure that allowed the selection of the next Managing Director to take place in an open, merit-based, and transparent manner.
****

With India not likely to back him FULLY, he will have no strong backer - just plain political common sense.

Now that you read the above, please continue with your LoLing.... but repeat after me...Rajan is not - repeat NOT - an Economist.
SWAPNA DIDI ROCKS, what does

-- rajan is not an economist have to do with being elected to the office of md in imf? you have repeated this a million times. he is not an economist. SO? ex md ivar rooth was also a banker.

- will india's yes vote ensure that he be elected md? answer me!

to me, this would be the test of whether modi's govt is genuinely committed to india or not. this article makes it seem like a split between rajan and the govt is coming:

http://www.bloomberg.com/news/articles/2015-11-04/rajan-defends-speech-says-india-fringe-groups-should-calm-down
don't underestimate modi. ok scratch that. he lost sense when he became PM. he might regain it if he wins bihar but won't happen. if it does, there will be no stopping modi or india! i hope he wins bihar... india will be a changed country! you still won't be able to eat cow but so what.

I dont know he lost anything...the bleating fools are the ones with inflated and unreasonable expectations of what can be achieved in a short timeframe. they're perfectly happy with anemic growth, corruption & non action for 50+ yrs but suddenly want 12% growth, nuking of pakistan and china over border disputes & first world comforts, all in 1 yr. douchebags.

by Kris Wed Nov 04, 2015 11:30 am

Propagandhi711 wrote:
brie wrote:
Marathadi-Saamiyaar wrote:

Stop LoLing and read carefully....not peripherally....

Rajan is NOT an Economist. PERIOD. That does not mean he cannot be elected MD of IMF. Why he would not become one is bcz IMF is a European territory...This is how the MD is elected:

****
Selection process

The IMF's 24-member Executive Board is responsible for selecting the Managing Director. Past practice has been that Executive Directors may submit a nomination for the position. In the 2011 selection round, IMF Governors could also submit nominations.

For the 2011 selection, the Executive Board adopted a procedure that allowed the selection of the next Managing Director to take place in an open, merit-based, and transparent manner.
****

With India not likely to back him FULLY, he will have no strong backer - just plain political common sense.

Now that you read the above, please continue with your LoLing.... but repeat after me...Rajan is not - repeat NOT - an Economist.
SWAPNA DIDI ROCKS, what does

-- rajan is not an economist have to do with being elected to the office of md in imf? you have repeated this a million times. he is not an economist. SO? ex md ivar rooth was also a banker.

- will india's yes vote ensure that he be elected md? answer me!

to me, this would be the test of whether modi's govt is genuinely committed to india or not. this article makes it seem like a split between rajan and the govt is coming:

http://www.bloomberg.com/news/articles/2015-11-04/rajan-defends-speech-says-india-fringe-groups-should-calm-down

Rajan said India would be “crazy to lose" the biggest advantage it has over countries at a similar stage of development. He called the speech “an exhortation to support a fundamental future underpinning for growth."

“It’s very important, that both fringes, extreme left and extreme right, don’t say I’m going to shut you off if you don’t say what I want to hear,” Rajan said. “It has to be a genuine debate. You have to preserve that environment. Thankfully, the mainstream is well and truly supportive of this.”

>>>>The above sums the predicament up accurately. The only part I am not sure about is the mainstream's being able to prevent the hijacking of the discourse. The left has already moved the debate away from economics and development to social reformation to cure all ills it has just discovered, all of which supposedly came about due to Modi. The fringe right with its language, religion obsession is feeding the frenzy, with no understanding of how easily things can unravel. The mainstream is going to be left holding the bag in the end.

by Guest Wed Nov 04, 2015 11:55 am

Kris wrote:
Propagandhi711 wrote:
brie wrote:
Marathadi-Saamiyaar wrote:

Stop LoLing and read carefully....not peripherally....

Rajan is NOT an Economist. PERIOD. That does not mean he cannot be elected MD of IMF. Why he would not become one is bcz IMF is a European territory...This is how the MD is elected:

****
Selection process

The IMF's 24-member Executive Board is responsible for selecting the Managing Director. Past practice has been that Executive Directors may submit a nomination for the position. In the 2011 selection round, IMF Governors could also submit nominations.

For the 2011 selection, the Executive Board adopted a procedure that allowed the selection of the next Managing Director to take place in an open, merit-based, and transparent manner.
****

With India not likely to back him FULLY, he will have no strong backer - just plain political common sense.

Now that you read the above, please continue with your LoLing.... but repeat after me...Rajan is not - repeat NOT - an Economist.
SWAPNA DIDI ROCKS, what does

-- rajan is not an economist have to do with being elected to the office of md in imf? you have repeated this a million times. he is not an economist. SO? ex md ivar rooth was also a banker.

- will india's yes vote ensure that he be elected md? answer me!

to me, this would be the test of whether modi's govt is genuinely committed to india or not. this article makes it seem like a split between rajan and the govt is coming:

http://www.bloomberg.com/news/articles/2015-11-04/rajan-defends-speech-says-india-fringe-groups-should-calm-down
Rajan said India would be “crazy to lose" the biggest advantage it has over countries at a similar stage of development. He called the speech “an exhortation to support a fundamental future underpinning for growth."

“It’s very important, that both fringes, extreme left and extreme right, don’t say I’m going to shut you off if you don’t say what I want to hear,” Rajan said. “It has to be a genuine debate. You have to preserve that environment. Thankfully, the mainstream is well and truly supportive of this.”

>>>>The above sums the predicament up accurately. The only part I am not sure about is the mainstream's being able to prevent the hijacking of the discourse. The left has already moved the debate away from economics and development to social reformation to cure all ills it has just discovered, all of which supposedly came about due to Modi. The fringe right with its language, religion obsession is feeding the frenzy, with no understanding of how easily things can unravel. The mainstream is going to be left holding the bag in the end.

i don't know. i won't say inaction but modi's action to do something like allow the slaughter of cows at a union level is much desired. if he wants to replicate what rajiv gandhi had done with shah bano then OK -- we are let to judge if you are lesser of two evils and, to us, that is the only choice we are left to decide with! modi, so far,has done a great job keeping the vanquished congress alive!

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