Tuesday, August 7, 2012

Why P Chidambaram, RBI governor D Subbarao meeting matters

Reserve Bank of India Governor D Subbarao met finance minister P Chidambaram on Monday. The relationship between the finance minister and the Governor is critical in the context of the situation in the economy. While it is called a ‘courtesy call’, the governor needs to highlight critical areas for the government to act on so that he can cut interest rates to stimulate growth.............

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