Letters to BS: Manmohan Singh's stand on RBI's fund transfer is unfortunate

The depletion of RBI's reserves accelerated since 2013 when Singh was the PM

This refers to “Jalanomics: No rain, just a drizzle” (Banker’s Trust, September 2). The piece gives an insight into the task entrusted to the Jalan panel and the deft manner in which the former Reserve Bank of India (RBI) governor and his team (minus S C Garg) put together a report covering most of the aspects about the central bank’s capital framework which were being seen even by the experts with the bewilderment of the “five blind men” who described the elephant.
 
The Jalan Panel report, which has put a lid on the glaring ad-hocism seen in the earlier