chetak wrote: ↑Sun Jul 22, 2018 4:52 amA life long banker and a political has been are not in the same league.Haldiram wrote: ↑Sun Jul 22, 2018 3:46 amNot sure about Chandan Mitra's qualification, but Yashwant Sinha, 3 time finance minister, 1 time external affairs minister, seems amply qualified, more qualified than most of the jokers in the govt.chetak wrote: ↑Sun Jul 22, 2018 2:53 am
he is another version of that ex civil servant yeshwant sinha who ran to Modi to stake his claim to be the head of the BRICS bank and demanded that he be appointed immediately.
uncle mitra also did a similar thing but he had his ambitious eyes set on heading the Indian high commission in the UK.
Both miserably failed to explain what their singular qualifications were, for the high offices sought, but merely wanted to ensconce themselves in high office with the loaves and fishes attached therein.
Beware the mediocre man with ambition.
Read more here:
https://en.wikipedia.org/wiki/Yashwant_Sinha
Modi reached out to KV Kamat, ex Chairman of the Board of Directors of ICICI Bank, and then serving Chairman of Infosys Limited.
BRICS bank did not need someone who was essentially a baboo(n), it needed someone with a very specific domain expertise, professionally sound, credible and also economically weighty, with a sound reputation to represent India.
kamat has banking and corporate exposure, both needed at the BRICS bank and sinha has neither except perhaps, needless ambition.
If sinha had been sent it would have been seen as political cronyism and it would have also been a very bad move to make, especially with china. Kamat is 70 years old and sinha is 80.
Kamat is the right fit and Modi was spot on in choosing him.
What you are narrating seems to be fiction because Yashwant Sinha has completely denied that he ever was interested or asked for this job. Ask yourself why would somebody who has been 3 times finance minister, one time foreign minister, stoop down to accept chairmanship of some bank? Does not sound plausible.
Ultimately it is Modi's prerogative who he picks up in his team but to disparage Yashwant Sinha by questioning his credentials is completely absurd.
PS: For his 80 years, he possess a really sharp mind and looks healthier than many in their early 60's, I wish when I get to be 80 ( fingers crossed) I would as healthy as he looks and posses a sharp mind like he does!