Monday, August 5, 2013

Wanted: United show by RBI, government on rupee

...........Both Subbarao and Chidambaram are saying the same thing but there is a nuanced difference between what they meant. While Subbarao said nobody has approached him to stay back (meaning, had he been approached, he might have said yes), Chidarmabarm said the governor did not want to be considered for another extension (meaning, had Subbarao wanted, the government could have given him). For the record, Subbarao—whose term ends on 4 September—had got a two-year extension in 2011....................

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