Tuesday, August 14, 2012

Who killed the India growth story: Delhi, not Mint St


.....Everyone is looking for a villain, and right now the only one available to politicians is Duvvuri Subbarao, the Reserve Bank Governor, who has held his ground on interest rates in order to force policymakers to cut subsidies and give him room to ease monetary policy. A few days ago, Finance Minister P Chidambaram made pointed references to this and said he would take “carefully calibrated risks” to lower rates and stimulate investment..........

Posted by VITALINFO at 7:25:00 AM

1 comment:

www.warriersblog.com said...

North Block and Mint Road will have to come to some understanding and come to the open. Recent offer from FM to pay interest on CRR is another instance of absence of coordination. After all, such a payment will be a 'subsidy' to banks in the current circumstances which again will be ultimately footed by the exchequer(read taxpayer)

Aug 14, 2012, 9:39:00 AM

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