Raghuram Rajan's horoscope

[vgane]

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Click the link below...Very funny predictions four RBI Governor...Markets are now using advanced prediction techniques (Read Horoscope)...May be their forecasting techniques have failed them in the past!

Raghuram Rajan 2013 Horoscope | Raghuram Rajan 2013 Astrology Literature, Economist

 

[prasad1]

Did you read the article. Is there one iota of definitive statement? All statement can be true for 80% of the people. The astrologer played the percentages very well. That is one of my problem with astrology.

 

[prasad1]

The benchmark S&P BSE sensex soared 412 points to a three-week high on Thursday after new RBI governor Raghuram Rajan whetted the appetite of investors with a spate of measures including steps to boost the rupee and revive economic growth.


The gains were led by banking, realty, consumer durable and PSU stocks, while information technology stocks declined. The rupee also gained on the back of Rajan's announcements and went up to 65.5 against the dollar in intra-day trade from yesterday's close of 67.07. The index opened 290 points higher than yesterday's close and gained as much as 550 points to the day's high of 19,117.52 before settling at 18,979.76, a rise of 412.21 points or 2.22%.

If an astrologer had predicted that yesterday then he may claim some accolade. That is real number not some mumblings.

 

[biswa]

As per TOI, Raghuram Rajan is the best looking of all previous RBI governors, most of whom were just as about as photogenic as our present PM (and former RBI governor).

Welcome to the era of the celebrity Fed chief (Indian style).

 

[sarang]

The RBI has now written to several temples in Kerala to disclose their gold assets! Guruvayur trust will meet to discuss the issue. Thiruvanatapuram temple stock taking and costing is in progress with no end in sight despite court monitoring.

 

[sangom]

As per TOI, Raghuram Rajan is the best looking of all previous RBI governors, most of whom were just as about as photogenic as our present PM (and former RBI governor).

Welcome to the era of the celebrity Fed chief (Indian style).

Rajan may be photogenic but, to me, his face looks rather gloomy. The horoscope given in the OP link is also just approximate (12 Midnight time of birth) but going by the moon's position (this should hold true for most of that day) he will come under trying times after mid-june 2014 and invite more troubles after November 2014. This bad phase will last upto 2015 and even may continue till February 2017 since saturn will be unfavourable. It need not surprise if he gets replaced also in a "nice way" and thus gets kicked upwards.

While I don't find any of our economic policy makers thinking as Indians, for Indians' welfare, Raghuram Rajan may be yet another modern economist thinking the US' way. But already MMS seems to have some going back to his pre-1992 "north grows, south decays" philosophy, going by newspaper reports of what he may put forward in the G-20 meeting. Possibly he is no longer able to enjoy the US sugar and is biting the Russian/Chinese ginger!!

 

[auh]

All this hoo-hoo haa-haa about RGR (Raghuram Govind Rajan) is only to give a temporary facelift to the markets. How does a photogenic governor be better employed to lift the economy than a non so photogenic looking individual? Media has joined the cacophony of the government and has accorded star status to the man.

One man cannot do much; there are other socia-political forces that decide the fate of the economy.

 

[biswa]

We all like our super-heroes whether they be decimating baddies in movies or fighting stagflation in the Indian economy.

 

[prasad1]

The RBI has now written to several temples in Kerala to disclose their gold assets! Guruvayur trust will meet to discuss the issue. Thiruvanatapuram temple stock taking and costing is in progress with no end in sight despite court monitoring.

BJP mouthpiece, please read other reliable sources, before regurgitating the party line.

I would like you to remember that political parties are in election mode.

The Reserve Bank on Saturday said it is not contemplating any proposal to buy idle gold and convert it into bullion.


"The RBI clarifies that no such proposal is under its consideration at this juncture," the apex bank said in a statement. There have been media reports that the RBI is considering various options of converting idle gold, including that available with temple trusts, into bullion.

No proposal to convert idle gold into bullion: RBI - Indian Express

 

[prasad1]

When you try to reach a planet a slight error is calculation, and you will miss the planet by miles. But is astrology or in fantasy it does not matter, even if the days are wrong and you are reading someone else's birth chart, the prediction is same. "Sub thick hay" the law of average will work.

 

[auh]

Super heroes exist only in reel time, not in real time; it is time that Indians move away from worshipping super heroes, wherever they may be !

 

[vgane]

Hope Raghuram Rajan does not become the proverbialfrog in the pot as quoted in the artcle below

However, his appointment against all odds espfrom the well entrenched bureaucratic lobby shows that there is still some hope

Tokyo: The most important indicator of whether India will crash is thesweat on Raghuram Rajan’s brow.
The new Reserve Bank of India governor arrivedin Mumbai this week with a bang, announcing a slew of reforms to free up andexpand the banking sector and to draw more Indians into the formal financialsystem. The news impressed traders, who staged much-needed rallies in bothstocks and the rupee on 5 September.
India’s economic crisis, however, is stillsimmering, and Rajan still resembles the proverbial frog in the pot: He may notrealize he’s cooked until it’s too late.
Right now, markets are responding to hisdecisiveness—a refreshing change from the political dithering in New Delhi. Thehope is that the respected University of Chicago economist, who accuratelypredicted the 2008 global meltdown, will turn out to be as good at managingcrises as foreseeing them. India could yet get a handle on its problems. Withbold steps to curb public borrowing, address the external deficit and containinflation, Indian politicians could restore international confidence.
Banking reforms alone, however, aren’t going tobring foreign investors back or prevent the rupee from falling further. This isRajan’s real challenge: He is stepping into a stew of financial chaos, missedopportunities and political paralysis that has been simmering for years. It’sno longer inconceivable that India could become the first of the Briceconomies—Brazil, Russia, India and China—to lose its investment-grade rating.And Rajan may not be able to do anything about it.
No control
First of all, the RBI’s suave new governor hasno control over what really ails India. Sure, he can try to defend the rupeeand get a handle on India’s 10% inflation. He can use his internationalcredibility to soothe markets as Ben S. Bernanke and the Federal Reserve withdraw stimulus. Eventhe most respected central banker, though, can’t stop politicians from spendingwithout accountability. Rajan can’t root out corruption, make the governmentmore transparent, or attack the red tape that is deterring investment andstrangling growth.
Rajan can’t tweak tax policies to broadenrevenue streams and encourage an explosion of startup companies. He can’treform education and training programs, or see to it that India has as manytoilets as mobile phones. He can’t spearhead the improvements in infrastructurethat are needed to create more manufacturing jobs. He can’t strike grandbargains between the parliament in New Delhi and powerful state leaders, whoare at odds on virtually every upgrade the economy needs.
The central bank has no say over barriers toimports and investment. It can’t nudge executives to improve corporategovernance. It can’t reduce India’s reliance on foreign energy at a time ofrising tensions in the Middle East or hold off the competitive threat fromChina. All Rajan can do is treat the symptoms of India’s funk, not theunderlying sickness.
The man who must address the core problems,Prime Minister is a spent force. Those of us—me included—who hoped Singh woulduse his sizable re-election mandate in 2009 to renew the drive for reform havebeen sorely disappointed. After myriad scandals and years of policy drift,India’s economy seems barely better off than it was in the early 1990s, thelast time the rupee fell this sharply.
The double-digit output India experienced in thepast decade was, in some ways, a debt-driven mirage enabled by short- termcapital flows. High growth rates papered over India’s cracks and masked thegovernment’s failure to narrow the gap between rich and poor as well astranslate rapid output into good-paying jobs. Now that growth has slowed to apaltry 4.4%, all of India’s problems are being exposed.
On hold
However determined and decisive Rajan may be,the real reforms that India needs are on hold until May’s election. P. Chidambaram—serving as finance minister for a thirdtime—understands India’s troubles as well as anyone. But he is a possiblesuccessor to Singh should the Congress party win at the polls. That means thatthe two men most pivotal to India getting its act together probably won’t bedoing anything bold or creative between now and then.
For the next nine months, India’s rot will onlydeepen. That’s about 270 days to hit new lows on the rupee and for ratingcompanies to mull downgrades. Wasting this time might seem less irresponsibleif India had enjoyed a surge of reformist energy in the last 10 years. Instead,it’s been a lost decade for change.
Singh is in St. Petersburg, Russia, for a summitof the Group of 20 nations. It’s striking how the global climate changedmarkedly in the last year, before Bric leaders even knew what hit them. Morethan most, India is paying the price for not noticing how hot the water wasgetting.

Bloomberg

 

[vgane]

A dad is always proud of his son's achievements! In case the son happens to be the RBI Governor, please read the musings of the octogenerian father!

Rajan?s dad proud, but says task before Governor is a challenge | Business Line

 

[biswa]

Good posts above. I think most people realize that the RBI governor (like the US Fed chief) control only monetary policy. The central government controls fiscal policy and these are the two arms/levers of deficit spending and tightening.

Indian fiscal policy has always been notoriously loose and unlike the Fed which is more independent, the RBI is always in cahoots with the Govt. This has allowed it to print money willy nilly having 10% + inflation for as long as I have known. Let's see how independent the handsome Mr. Rajan can be.

 

[vgane]

In the last 3 sessions, the Rupee which was earlier pummeled, has recouped the losses by about 5% to reach 64, through some smart moves by RBI...He means business..It is likely that it will stabilize at about 60 and that is good for the economy

 

[prasad1]

The rupee rose to a three-week high on Wednesday, extending gains for a fifth session, with corporates selling the dollar as the Indian currency continued its recovery.
The rupee's sharp recovery has been aided by the easing of geopolitical concerns, with an attack on Syria appearing less imminent, and the announcement of a series of steps to attract inflows by the new central bank Governor, Raghuram Rajan.
Dealers cited large dollar inflows from a private petrochemical company as well as some likely dollar selling related to Mylan Inc's $1.6 billion deal to acquire a unit of Strides Arcolab Ltd. Foreign institutional investors (FIIs) bought $421.15 million worth of shares on Tuesday, bringing their total to nearly $800 million over the previous four sessions. "The panic dollar buying has reduced. Those who were sitting on the sidelines hoping for further falls in the currency have started selling. I expect the rupee to recover to 61 to the dollar," said Satyajit Kanjilal, chief executive at ForexServe.