Well-off should leave reservation facility for needy: RBI governor

Posted on 23rd Feb 2015 11:21 am by mohit kumar

Panaji, Feb 20 (IANS) Communities which become successful over time through reservations should, in turn, leave the bracket of reservation for those who are truly needy, Reserve Bank of India (RBI) Governor Raghuram Rajan said Friday.

Speaking during an ongoing lecture series here, Rajan said it was the moral duty of the state to bring up communities who have lagged behind others for historical reasons.

"I think what many people would agree that as communities become successful and no longer need reservation to support them, they should leave the reservation for the truly needy," Rajan said.

"So we should find a way to migrate the reservation process both within and across communities to those who really need it."

The RBI governor said that across the world reservation or affirmative action policies have played an important role in "getting communities which were hitherto deprived into the mainstream".

"I think, in India, if you look at some of the states which moved early (towards adopting reservation policies) they sometimes have better indicators of progress, prosperity, social mobility, etc. I am referring to the southern states," he added.

Other news

Coal, Power, Cement lead Infrastructural Growth: Economic Survey

New Delhi, Feb 27 (IANS) Compared to the sluggish industrial sectors' growth of 2.1 percent fro

'Pegasus' investigation report: Possible revelations after 56 days can become a big issue in the election

The Uttar Pradesh elections, which are called the semi-finals of the power of the Center, are nea

Vaccine companies making up to 30 times profit on vaccines prepared for 75 rupees are not giving even to poor countries even after pleading

On 6 December 2021, US Senator Bernie Sanders wrote in a tweet, 'This is disgusting. Last week, 8

India is trying to get TRF declared a terrorist organization, and has given information with evidence to the UNSC

India has stepped up efforts to get the Resistance Front (TRF), a front for Lashkar-e-Taiba, desi

T20 World Cup 2024: India may still be out of the semi-finals, but the results of these two matches will shatter their title hopes

The journey of the Indian team in the T20 World Cup 2024 has been great so far. Team India has no

Lok Sabha Election: On the basis of which faces will the campaign be conducted, which issues will dominate the 2024 Lok Sabha elections? know

The Election Commission will announce the dates of the 2024 Lok Sabha elections at 3 pm today. Vo

Ruling on 66A may go down as landmark judgment

New Delhi, March 24 (IANS) The Supreme Court judgment delivered by Justice J. Chelameswar and J

'We are proud of you...' This special person had advised Dhanashree Verma to separate from Yuzvendra Chahal

Cricketer Yuzvendra Chahal and Dhanashree Verma's divorce was once one of the most talked-about t

Rinku Singh became an example in the first innings, match finishers should learn from him, big disclosure of a fellow player

Rinku Singh made a bang in international cricket and on the strength of his first innings, he bec

Sri Lankan President arrives on India Visit

New Delhi, Feb 15 (IANS) Sri Lankan President Maithripala Sirisena arrived here Sunday on a fou