Carlos Barria / Reuters
Danish Siddiqui / Reuters
Obama will likely not go down in history as a great President. He failed to unite Americans behind a bold and visionary new endeavour. His deeds didn't quite match the lofty words that brought him to...
Raghuram Rajan's exit from the RBI demonstrates the rot in India's bureaucracy. Far from being merit-based, it is seriously politicized. Bureaucrats have become sycophants. Self-respecting independent thinkers have no place in India's system. Even the most capable survive or thrive only through their handling of political masters. The quality of their work stands for very little. It is no fault of the bureaucrats. The problem is systemic. It starts from the top.