According to reports, RBI Governor Subbarao has not agreed for interest rate cut despite " prodding" by PC disappointing the industry. Well, it is the prerogative of the RBI also not to go by PC's views, just as it was earlier the prerogative of PC not to have gone by Subbarao's [as Finance secretary] recommendation on 2G pricing and stuck to his own views.
- V N Ramachandran Vadodara (FPJ)
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