Monday, August 8, 2011

Sholay and Subbarao


Ramesh Sippy’s Sholay has even influenced monetary policy making, it seems. Asked how the Reserve Bank of India decides between a 25- and 50-basis point rate increase, Governor D Subbarao joked that they toss a coin. Sometimes, it falls on the edge. And when that happens, he says, he asks Finance Minister Pranab Mukherjee !
BS 

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