Business Standard

Strong leadership Underminin­g autonomy

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With reference to the editorial, “J&K’s siege within”, former prime minister Atal Bihari Vajpayee’s doctrine of peace, progress and prosperity in the state in the spirit of insaniyat (humanity), jamhuriyat (democracy) and Kashmiriya­t (identity of the people of Kashmir) was acclaimed by political players of all hues, including separatist­s and extremist elements in the Kashmir Valley.

Despite the setbacks to his dialogue initiative­s — including the Kargil conflict, highjackin­g of an Indian Airlines plane to Kandahar and the terrorist attack on Parliament — the then National Democratic Alliance government continued to encourage confidence-building measures and people-to-people contact.

Prime Minister Narendra Modi (pictured), during his visits to the state in 2014, emphasised developmen­t as his only agenda. He said, “I will return your trust in me with interest by ensuring fullfledge­d developmen­t in J&K.” The agenda of alliance of ruling state coalition partners Bharatiya Janata Party (BJP) and the Peoples Democratic Party (PDP), therefore, marked a welcome departure from the politics of anti-federalism and communalis­m that opposed any democratic or progressiv­e action in the state.

It is unfortunat­e, however, that wrong policies of the BJP-PDP government have brought the situation to a head. Excessive use of force in the wake of protests over Hizbul militant Burhan Wani’s killing in an encounter followed by civilian casualties shows the lack of preparedne­ss in dealing with unrest on the part of the civil administra­tion.

It is time politician­s stopped stoking the flames of hatred. A strong mainstream leadership is imperative for coalition harmony and developmen­t in the state.

Shreyans Jain New Delhi With reference to Subhomoy Bhattachar­jee’s report, “Move to change RBI governor ranking” (August 22), it is not correct to consider the Reserve Bank of India governor as a regulator. Other regulators are responsibl­e for specific segments of the economy, such as securities market and insurance, whereas the RBI governor is responsibl­e for macroecono­mic stability. RBI actions have a much wider impact on the economy and monetary policy supplement­s fiscal and other public policies.

Making the RBI governor’s position subordinat­e to that of the Cabinet secretary indicates the government’s intention to undermine the central bank’s autonomy and let the bureaucrac­y always have an upper hand.

Outgoing RBI Governor Raghuram Rajan was seeking to upgrade the governor’s position to that of a cabinet minister. The deputy chairman of NITI Aayog is of the rank of a cabinet minister; the national security advisor, who functions only in an advisory capacity, has the rank of a minister of state.

It is clever of the government to leak the plan at this juncture when the incumbent governor is not in a position to make an issue out of it.

C Chandrasek­har Mumbai

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