It may improve investors' sentiment but the parliament's decision to vote in favour of allowing foreign direct investment (FDI) in multi-brand retail may have cost the Reserve Bank of India's (RBI) governor D Subbarao his date with West Bengal's flamboyant Chief Minister Mamata Banerjee. Subbarao, who is in Kolkata for the central bank's board meeting tomorrow, was scheduled to pay a courtesy visit to the chief minister. It has been a custom to meet the chief minister whenever a RBI governor visits a state. The calendar of top RBI executives lists one of Subbarao's today's engagements as "meeting with chief minister of West Bengal" at 5:30 PM in Writers' Building. The meeting was cancelled without the state government or RBI offering an explanation.........
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