The tussle between the incumbent RBI governor Raghuram Rajan and Finance Minister is out in the public now with both sides criticising each other openly in front of national media. Just days ago Governor Rajan had criticised government of delaying key reform bills in the winter session of the parliament. Rajan held that any further delay would jeopardise the economy irreparably. Finance Minister P Chidambaram on Saturday pitched for limiting the Reserve Bank's mandate to monetary policy formulation and banking regulation, and for delegating its other functions to government or other regulators........
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