Source: The Hitavada      Date: 21 Aug 2018 15:02:32










THE new Prime Minister of Pakistan Mr. Imran Khan is talking of economic crisis and poor human development index of his country, no other Prime Minister or any other ruler had talked about in the past. It appears that if the Army top brass allows him to function and address civilian concerns seriously and with urgency, Mr. Imran Khan could be expected to deliver the goods for the good of the Pakistani people. Mr. Khan has identified areas of concern, particularly the mounting foreign debt, rising interest payment, the need for borrowing more funds from abroad to repay those loans, lack of health facilities and blamed his predecessors for the current economic crisis facing his country. Much good can happen to Pakistan if the promise that the new Prime Minister is showing comes to fruition. But then Mr. Khan will have to fix his own priorities of public welfare and keep the Army’s obsession with needling with the neighbours and spending much on military build-up at bay. Another most important factor that should occupy his agenda is reining in the terror groups.


THE prestigious parliamentary committee on estimates headed by Dr. Murli Manohar Joshi, has done well to invite former Reserve Bank Governor Dr. Raghuram Rajan to brief the members on the challenge and crisis of mounting Non-Performing Assets (NPAs) in India. This has happened only after former Chief Economic Advisor Mr. Arvind Subramanian praised Dr. Rajan for identifying the NPA crisis and initiating action to resolve it. It is heartening to note that a parliamentary committee has such an open mind and willing to learn things from somebody whose departure from the coveted office of Reserve Bank Governor was mired in controversy. He might have been clear on certain issues, but Dr. Raghuram Rajan had proved his worth as the head of the RBI by initiating certain strong and sound measures to outsmart economic mess-ups at many points. His professionalism was of a high order and his approach to problems uncompromising. Perhaps that was his bane as well. No matter that, Dr. M.M. Joshi has sought to make amends.