Thursday, September 15, 2011

With 9.78% inflation, RBI is boxed in; over to Pranab

...This is why Subbarao should tell the finance ministry boys to take a walk. In recent days, the ministry has been mounting pressure on Subbarao to either pause the rate hikes or even cut them. The ministry’s Chief Economic Advisor, Kaushik Basu – who has repeatedly got his inflation numbers wrong in the past – asked Subbarao to “think out of the box”......

Read...........

No comments: