CITU leader P T Rajan dead

Senior CITU leader P T Rajan today died here following a heart attack.
"P T Ranjan suffered a heart attack last night. He was admitted to Rajendra Institute of Medical Sciences where he passed away around 5 AM today," CITU General Secretary and MP Tapan Sen told reporters here.
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Rajan further said: "We are often compared with China but the Chinese economy, smaller than us in the 1960s, is now 5 times our size. The average Chinese citizen is over four times richer than the average Indian".
But the Governor was quick to add that this was not to disparage what has, and is, been done. "The Centre and states have been creating a platform for strong and sustainable growth, and I am confident the payoffs are on their way, but until we have stayed on this path for some time, I remain cautious."

Stating that he was misunderstood with his usage of the phrase 'andhon mein kanha raja'...('In the land of the blind, the one-eyed man is king') he said he "used the phrase andhon mein kanha raja...Which the proverb has a long, multinational history."

The RBI Governor added: "My intent in saying it, and it was an off-hand comment, was to signal that our outperformance was accentuated by the world's weak performance. But we are still hungry for more growth. I then explained that we are not yet at our potential, though we are at the cusp of a substantial pick-up in growth given all the reforms that are underway."

Calling for a culture of better and more rational public dialogue, he said, "but few read beyond the headlines. The interview became moderately controversial, with the implication that I was denigrating our success rather than emphasising that we need to do more."
Rajan's comments had created some uneasiness in the government with Jailtey asserting that the Indian economy is the fastest growing large economy in the world.
The Finance Minister also forecast a 8-8.5 per cent growth this year if the monsoons are normal.