Raghuram Rajan Apologises For The ' One Eyed Man' Comment

Criticised among others by Commerce and Industry Minister Nirmala Sitharaman for describing the Indian economy as ‘andhon mein kana raja’, Reserve Bank of India (RBI) Governor Raghuram Rajan, while apologising to “a section of the population that I did hurt, the blind”, said “listeners should not look for insults everywhere, and should place words in context so as to understand intent”. Addressing the 12th annual convocation of the National Institute of Bank Management (NIBM) in Pune Wednesday, Rajan said: “For effective communication and debate, rather than the angry exchanges that we see on some TV shows, we need both respect and tolerance. The greatest danger of all is that we do not communicate or debate, for then we will allow distorted stereotypes to flourish unchallenged, and divisiveness to increase. In a country like ours, conceived and flourishing in diversity, that will truly be a disaster.” On Monday, Sitharaman, while referring to Rajan’s choice of words, said: “I may not be happy with his choice of words… If better words were used to say whatever he wanted to say, it would have gone down better.” - See more at: http://indianexpress.com/article/business/economy/raghuram-rajan-clarifies-on-his-one-eyed-king-remark-says-there-is-a-long-way-to-go-2762247/#sthash.Y0eQI0F6.dpuf