..... RBI Governor Duvvuri Subbarao, while putting up a brave defence of some of Mukherjee’s measures and reducing the repo rate by a higher-than-expected 50 basis points, did make it clear that he was, at best, hopeful of the government delivering on the numbers. “Like everyone else, we are also very concerned about the government delivering on that. Therefore, we reiterated the message this time about the importance of delivering on the 5.1 percent, in particular that the adjustment of subsidies is necessary, although not sufficient, for the delivery of the 5.1 percent,” Subbarao said earlier this month while unveiling the monetary policy for 2012-13…..
Read.............
The very purpose of VITALINFO is to provide a platform for wider dissemination of updated information related to and happening of events in and around RBI.
1 comment:
Time is opportune for India to think in terms of setting up a rating agency of international standard which will advise stakeholders about the health of domestic financial institutions and the financial institutions and governments abroad with which India has dealings. Agencies like Standard and Poor and Moody’s are doing their work within their limitations and even they would be benefited if an internationally acceptable rating agency comes into being in India.
Post a Comment