Prosenjit Datta on Indian economy, Prosenjit Datta on Indian politics, Business Today editor
Business Today
Prosaic View By Prosenjit Datta
Fixing economy is govt's job, not that of RBI governor's

The problems with SMEs, troubled power companies, and NBFCs have hardly been created by the RBI. And while the government would love to believe that a more reasonable (or pliable) central bank will solve all the problems, this is not going to happen.

Critics have already started saying that Shaktikanta Das is Modi's and Jaitley's man, and therefore will do exactly what they tell him to do.
Mallya kept borrowing more and more to keep KFA flying - putting up his shares and other assets as collateral to keep getting loans from banks.