The differences between Finance Minister P Chidambaram and outgoing Reserve Bank of India (RBI) Governor D Subbarao over the central bank’s mandate refuse to die. Within days of Chidambaram seeking a Parliament message to the RBI Governor that price stability was not RBI’s sole aim — but part of the larger goal of boosting growth and generating employment — Subbarao on Saturday shot back, saying the monetary authority had not ignored economic growth in trying to rein in inflation...........
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