Ra­jan says rank­ing of RBI gov­er­nor should be raised Where’s the blood? Short­fall in In­dia is 35 tanker-trucks IN THE RED Law ad­mis­sions de­layed, but MU starts lec­tures to make up for de­lay

1.1 mn 9%

Hindustan Times ST (Mumbai) - HT Navi Mumbai Live - - FRONT PAGE - HT Cor­re­spon­dent let­ters@hin­dus­tan­times.com Sil­vio Groc­chetti let­ters@hin­dus­tan­times.com HT Cor­re­spon­dent ht­metro@hin­dus­tan­times.com

The Re­serve Bank of In­dia (RBI) must be strong and in­de­pen­dent to say no to the high­est ech­e­lons of the gov­ern­ment, gov­er­nor Raghu­ram Ra­jan said on Satur­day in his last pub­lic speech be­fore end­ing his ten­ure as the cen­tral bank head.

He also pitched for el­e­vat­ing the rank of the RBI gov­er­nor say­ing it should be com­men­su­rate with the po­si­tion as the most im­por­tant tech­no­crat in charge of eco­nomic poli­cies of the coun­try. Ra­jan, who had re­peated face-offs with the po­lit­i­cal es­tab­lish­ment for ig­nor­ing calls to cut in­ter­est rates, has said he will re­turn to academia after lead­ing the coun­try’s top bank through wide-rang­ing re­forms in­clud­ing a land­mark switch to in­fla­tion-tar­get­ing.

Though his ten­ure ends on Sun­day he is likely to hand over charge to his suc­ces­sor, deputy gov­er­nor Uri­jit Pa­tel, on Tues­day.

“The cen­tral bank should be in­de­pen­dent and should be able to say no to seem­ingly at­trac­tive pro­pos­als,” he said de­liv­er­ing a lec­ture on ‘In­de­pen­dence of the cen­tral bank’ at the St. Stephens Col­lege here. “The Re­serve Bank can­not just ex­ist, its abil­ity to say “no” has to be pro­tected...” said the out­spo­ken econ­o­mist whose ten­ure was marked by con­tro­ver­sies trig­gered by com­ments on in­tol­er­ance de­bate to the gov­ern­ment’s flag­ship pro­gramme ‘Make in In­dia’.

In­dia is 35 tanker-trucks short of the blood it re­quires for med­i­cal pro­ce­dures, yet some ar­eas of the coun­try wasted blood be­cause there was too much of it, ac­cord­ing to an In­di­aSpend anal­y­sis of gov­ern­ment data.

The short­age was es­ti­mated at 1.1 mil­lion units — as blood is mea­sured, with a unit be­ing ei­ther 350 ml or 450 ml — in 2015-16, min­is­ter for health and fam­ily wel­fare JP Nadda told Lok Sabha in July. As­sum­ing a stan­dard tanker-truck holds 11,000 litre and a unit be­ing 350 ml, the short­age equals 35 tanker-trucks. In per­cent­age terms, In­dia is 9%short of its needs — the short­age re­duc­ing from 17% in 2013-2014.

The 9% na­tional short­fall hides lo­cal short­ages and over­sup­ply.

Bi­har is 84% short of its blood re­quire­ments, more than any other state, fol­lowed by Chhattisgarh (66%) and Arunachal Pradesh (64%).

As un­cer­tainty rises over when law col­leges will be­gin classes, the Uni­ver­sity of Mumbai has asked stu­dents who have writ­ten the law com­mon en­trance test to at­tend lec­tures at the Uni­ver­sity Na­tional Law School (UNLS) to make up for the de­lay.

The ad­mis­sions to law cour­ses this year were first de­layed by the com­mon en­trance test (CET), which the gov­ern­ment con­ducted for the first time but were de­layed after pe­ti­tions ques­tion­ing the le­gal­ity of the ex­am­i­na­tion were filed in courts. The ad­mis­sions were then fur­ther de­ferred after the Bar Coun­cil of In­dia found 64 law col­leges in the state didn’t meet its norms.

Raghu­ram Ra­jan:

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