...........The Reserve Bank, under Mr Raghuram Rajan, continues to maintain the aggressive stance that was seen when D Subbarao was at the helm. The widely criticised monetary belt-tightening, experts say, is here to stay, flying in the face of a desperately growth-seeking Finance Minister P Chidambaram as well as the corporate India.............
Read - ET
......Finance Minister P Chidambaram and Reserve Bank of India Governor Raghuram Rajan didn't seem on quite the same page at a BANCON 2013, a bankers' conference held in Mumbai this week. Mr Chidambaram and Mr Rajan's discord was provoked by numbers released by the union ministry of statistics earlier in the week that revealed headline inflation for October had hit 7 per cent.
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