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I think India's highest civilian honour should be given to Dr YVR

Here's something very interesting that comes straight from the man who saved India. Dr. Y.V. Reddy, the former governor of the Reserve Bank of India and the one whose policies are credited to have saved the Indian banking sector from the gallows of the financial crisis, has revealed the secret of his success as a central banker. In an interview with The Economic Times, he has said, "I cannot define God, but I can recognise the devil. And whenever I see the devil, I take precautionary measures to avoid being affected."

I wonder how wonderful place the financial markets would have been only if other central bankers had this ability to recognise the devils!

In fact, Nobel economist Joseph Stiglitz has said if America had a central bank chief like YV Reddy, the US economy would not have been in such a mess. Is it any wonder that the world listens to him and not to Alan Greenspan anymore? I believe credit must be given where it is due and Dr. Reddy certainly deserves it.

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