RBI Governor's thought-provoking poser - B S Raghavan

The inaugural speech delivered on February 1 by the Reserve Bank of India Governor, Dr D. Subbarao, at the second International Research Conference held at Mumbai, is an eye opener in more ways than one. If anyone was ever under the impression that Dr Subbarao is more earthy and pedestrian compared to his predecessor, Mr Y. V. Reddy, that speech puts paid to it in no uncertain manner. It shows him on a par with the best of the exponents of the issues and challenges in an arena so full of unpredictable variables making even the most carefully crafted solutions go awry..............

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