Yesterday, RBI Deputy Governor KC Chakrabarty was at his entertaining best before a packed audience at a Assocham banking conference. Once gagged for his ‘loose canon’ comment ridiculing RBI’s resistance to cutting rates, Chakrabarty now relies on puns to make his points. While highlighting the need to prop up growth, he also outlined the need to improve governance in government, corporates as well as RBI. “We are all victims of 2G,” he said. He added he was talking about just growth and governance. Believe it if you will.
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