IAS Turned RBI Governor: Duvvuri Subbarao On CM Chandrababu Naidu, IAS Eligibility Criteria & More
Understanding India's administration is no easy feat. From the challenges faced by IAS officers to the responsibilities of the RBI Governor, the journey is filled with excitement and challenges.In this insightful episode, Dr. Duvvuri Subbarao, ex-Governor of the Reserve Bank of India and author of "Just A Mercenary?" shares his extensive experiences in both state and central government roles.
We cover the contrasting roles of a finance secretary and an RBI governor, and understand the delicate balance between populist measures and financial stability. Dr. Subbarao offers a candid look at the challenges of IAS recruitment, the judicial process, and the legacy of British administrative systems in India.
Dr. Subbarao's reflections on his tenure as RBI Governor provide valuable insights into key decisions and the economic landscape during his time.
Join us on the episode as we learn all of this from one of best minds in India.
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Siddhartha Ahluwalia, Founder, Neon Fund & Host, The Neon Show
Twitter: https://twitter.com/siddharthaa7
LinkedIn: https://www.linkedin.com/in/siddharthaahluwalia/
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Hi, I am your host Siddhartha! I have been an entrepreneur from 2012-2017 building two products AddoDoc and Babygogo. After selling my company to SHEROES, I and my partner Nansi decided to start up again. But we felt unequipped in our skillset in 2018 to build a large company. We had known 0-1 journeys from our startups but lacked the experience of building 1-10 journeys.
Hence was born The Neon Show (Earlier 100x Entrepreneur) to learn from founders and investors, the mindset to scale yourself and your company. This quest still keeps us excited even after 5 years and doing 200+ episodes.
We welcome you to our journey to understand what goes behind building a super successful company. Every episode is done with a very selfish motive, that I and Nansi should come out as a better entrepreneur and professional after absorbing the learnings.
Visit our Website: https://neon.fund/
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Timestamps:
0:00: Intro
1:22: The Life and Challenges of an IAS Officer
3:34: Distinguishing Roles: Finance Secretary vs. RBI Governor
6:57: Populism vs. Fiscal Responsibility: A Balancing Act
15:01: Rethinking IAS Recruitment: Criteria and Challenges
17:38: The Judicial Process: Why It Feels Like Punishment
19:24: Civil Servants and Their Respect Tied to Power
21:47: The Effectiveness of British Administrative Systems
24:08: IAS Officers and the Legacy of Colonial Policies
26:08: Exemplary Duty and Loyalty of District-Level Staff
28:44: Contrasting Worlds: Scarcity in India vs. Plenty in the US
35:04: Has the IAS Failed the Nation? An Introspective Look
39:10: Andhra Pradesh’s Growth: A Tribute to Visionary Leadership
41:15: Tribal Development and the Impact of Land Transfer Bills
48:34: Key Decisions and Reflections as RBI Governor
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