Thursday, February 14, 2013

Kudos to Mr Subbarao


It was a pleasant surprise to read the headlines in today's Economic Times "The Silent Poor Made Subbarao Hold Rates"  and "People suffering due to high inflation forces RBI Governor D Subbarao to hold Rates.   It was a pleasure to read the article as time and again the whole media, corporate bosses, top bankers had been critical of the RBI Governor's  policy of holding the rates and now comes out the truth. However, we at AllBankingSolutions.com had time and again supported Dr Subbarao's policy even at the expense of some of my close friends being highly critical of my views.................

Posted by VITALINFO at 7:26:00 AM

1 comment:

www.warriersblog.com said...

Sometime back, an expert analyst had counted the number of speeches made by Fed Reserve top executives and those made by RBI’s top executives and lamented that executives of India’s central bank were talking too much. The point he missed was, RBI is responsible to more than three times US population and has to handle a government which is busy with anything other than governance. When benefits of growth does not evenly percolate to those who are responsible for such growth, it is soothing to find that RBI Governor keeps in mind his responsibility to the people, as the head of a statutory body mandated to handle monetary policy and is not mincing words when he has to point out what are his expectations from the government for keeping inflation in check.

Feb 14, 2013, 8:57:00 AM

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