New RBI Governor Appointed

As the current Governor Y.V.Reddy's tenure ended yesterday on Sept 05 '2008, the Indian government appointed finance secretary Duvvuri Subbarao as the new governor of the Reserve Bank of India (RBI).
A news article in Economic Times mentions that "This puts an end to speculation over who would take over the reins of the central bank from Mr Reddy, whose tough but sure handling of monetary policy has served India well in these times of global financial turbulence." However if we go by one of my previous posts titled 'About India's Inflation', Ajay Shah has mentioned clearly that the current monetary policy has not been good of lately.
Now since Ajay's and Economic Times statements are litle contradictory in natue, then, is the UPA Government again out to fool the common man? Or may be, out to fool only the relieved Mr. Y.V.Reddy? Ponder it yourself.

About India's Inflation

Ajay Shah, A Senior Fellow at National Institute for Public Finance and Policy, New Delhi has written an opinion about India's Inflation in Wall Street Journal's September 02 '2008 edition. Quite interesting for those who understand terms of economics.
This opinion can be read by clicking here.

Incredible India

Hi Guys, Yeah I know its been long since I posted any entry here. Actually I was cropped up by my work schedule and the thoughts that were coming in my mind were too many to be handled by a blog. However today I just found a presentation on Incredible India and you know what I am tempted to provide this to others as wel. Its so nice.
It can be watched online at this place
To download it, go to this place

I do have some other real fascinating stuff on Incredible India but for the moment, thats it. Will post those also some time later when my temptations force me make another entry.