Wednesday, July 3, 2013

FM takes on Subbarao again

In a veiled message to the Reserve Bank of India ( RBI), Finance Minister P Chidambaram has hinted that it should not focus solely on containing inflation but also look at the larger mandate of growth and creation of jobs. Ahead of his meeting with PSU bank chiefs today, he also said banks would have to be heard before advising them on taking a balanced view about passing on the benefit of rate cuts to consumers. " RBI must understand its mandate in a broader sense............

Posted by VITALINFO at 6:56:00 AM

1 comment:

www.warriersblog.com said...

It is intriguing that FM who interacts with RBI frequently, gives an impression that he has to speak to media to convey his expectations from RBI. Dr Subbarao, Governor, RBI has indicated more than once that GOI and RBI are on the same page and perceptions sometimes vary on specific issues, which is natural.

Jul 3, 2013, 9:56:00 PM

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