Tuesday, February 2, 2016

Happy Birthday, Dr. Raghuram Govind Rajan


Happy Birthday Dr. Raghuram Govind Rajan. We dont know each other, but a Happy Birthday does not need knowing. Of all the women and men governing or pretending to govern India, you Dr. Rajan are the best, in my estimates. Hope in September 2016, you become Finance Minister to put some fiscal sense. Would like to chat with you of this and that, bakers and dosas, not of RBI; but then you have no time for frivolities, me has lots of it; today explained Dosa Economics to Rama over morning coffees; of interest earned on fixed deposits being in the positive territory after discounting for a 5 per cent inflation and interest tax on interest earned. Rama breathed hard, 'what did you earn as a journalist to talk of fixed deposits in bust banks; and Mint says banks have gone bust'; me sipped more coffee as she came out with her version of Dosa Economics; today, rice costs  Rs.60 per kg, urad dal, organic from Tatas Rs.200 per kg; til oil, Tilsona (spoons) at Rs. 250 per kg; these days, she makes the dough and me spreads the dough on steel tavas to much objections from Rama and grand-daughters for their odd shapes; 'five years ago, when your friend Dr. Raghuram Rajan was not an RBI governor, prices were 50 per cent down,' argues Rama, no admirer of Dr. Manmohan Singh as Prime Minister; 'do you realise we make dosas, once a year and masala dosas (onions at Rs.30 per kg and aloo at Rs.22 per kg), once in two years,' she said grimly. Dear old Aji has not served Shreya and Chiyu onion sambhar (the Madras onion costs Rs.100 per kg) and chutney for months now and demand is persistent like MPs demanding free food in the Lok Sabha. 'Your friend Dr. Rajan is a Tamilian and I hope his wife makes dosas for him; at least, he should step into Anand Lunch Home on Sir P.M. Road, near RBI Towers, for a masala dosa at about Rs.70 per plate and that too not the best. Invite him home,' added Rama. Me reminded her of Dr. Rajan being closer to America than Mumbai. Not with any malice but just the fact of the gentleman walking more the streets of New York and Washington advising the Fed. Anyway, it would be impertinent to invite home Dr. Rajan. Have never won a debate at office or home and today lost it as Rama walked away to cook Madame's Lapsi. Sitting alone with Marie biscuits, house sparrows and coffee, me dwelt over his remark: 'A baker bakes for the money in it.' Rama again disagrees; as a 60 plus Aji she bakes rotis for her grand-daughters free to go with aloo bhaji; and she dips the rotis in home made ghee done by Aji. Yes, if at all Dr. Rajan comes home, Rama will put up Dosa economics and Bakers promises on the table. Me will ask him whether he reads Marx and Wodehouse for relaxation as his talks smell of both. And whether he is a reader of Swarajya or Economic and Political Weekly. Happy Birthday, Happy Times, Dr. Raghuram Govind Rajan. 

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