Wednesday, July 31, 2013

RBI's move was on expected lines: Saumitra Chaudhuri

Saumitra Chaudhuri, member of the Planning Commission and the Prime Minister’s Economic Advisory Council, is one of the government’s troubleshooter for vexed economic problems. After Reserve Bank of India (RBI) Governor D Subbarao opposed the issuance of a sovereign bond, Chaudhuri, also one of those being considered for the top job at RBI, tells Sanjeeb Mukherjee quasi-sovereign bonds by a few public sector entities could help fund infra projects. Edited excerpts:..........

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