Rajan asks youths to join public service, make an imprint

MUMBAI: Even as some former bureaucrats face CBI heat, Reserve Bank Governor Raghuram Rajan today called upon the youth to join public service so that they can leave an imprint on the society at large.
Addressing the students of the RBI-run Indira Gandhi Institute for Economic Research (IGIDR) on their convocation day here, Rajan admitted that in the current environment, “it is tough to be an honest public servant.”
“The CBI comes after you. You are an honest guy and you don’t get credit…Of course, its hard being honest and many people would get influenced by the environment around them. But when you do public service, there is a hope that you can leave some imprint,” Rajan told the IGIDR students as their chancellor.
It can be noted that CBI has filed a preliminary inquiry against former Sebi chairman C B Bhave, considered by many ministers and industry leaders as one of the most upright civil servants, alleging criminal conspiracy in granting licence to Jignesh Shah promoted MCX-SX stock exchange.
The CBI action has been criticised by many, including Finance Minister P Chidambaram, Commerce Minister Anand Sharma and Rural Development Minister Jairam Ramesh,apart from noted banker Deepak Parekh among others.
“I am not saying private service does not leave an imprint. But sometimes it is easier in public service to make the difference, partly because you may be an entrepreneur of ideas and if you can make those ideas take, you will have influence,” he added. Development agency to suggest solutions in MSME clusters
NEW DELHI: Cluster Pulse, an economic development agency based in Ahmedabad, has been awarded a project by Small Industries Development Bank of India to suggest solutions for competitiveness in five sectoral clusters in the country.
They are: Jammu & Kashmir Tourism Cluster (Jammu, Kashmir & Ladakh), Alleppey (Kerala) Coir floor covering cluster, Dehradun pharmaceutical cluster, Panipat carpet cluster and the Indore pharmaceutical cluster, a release by the agency said. Micro, small & medium enterprises (MSME’s) contribute 40 per cent to Indian economy and provides large employment in the country but suffer from many challenges, it said.
“The objective of this project is to carry out detailed analysis in the five clusters with a view to identify non- financial gaps and suggest appropriate measures to achieve the desired competitiveness,” it said.
The major focus will be on non-financial issues, infrastructure and marketing aspects, it added.
The project includes Analysis Of Business Operations (AOBO) of cluster, SWOT (Strengths, Weaknesses, opportunities and threats) analysis, vision for the cluster (both short term and long term), current Pain Points and actionable points on these, the founder of Cluster Pulse, Jagat Shah said.
The project will also include infrastructure related issues which are affecting the growth of the cluster.
They include spatial issues – basic cluster infrastructure (roads, industrial space, power, gas), common facility centre, marketing infrastructure, water and effluent treatment infrastructure.
It will also look at cloud / IT services infrastructure, Government linkages including Public Private Partnership (PPP), environmental degradation related issues, renewable energy sources, technical requirements, & international market linkages, the release added. —PTI