...........While
it’s the prerogative of the government to make appointments , the
practice in general is that the finance ministry takes the views of the
RBI Governor into consideration to ensure smooth functioning. Besides,
in the spirit of the newfound detente between the finance ministry and
RBI, Rajan’s word on any nominee will carry extra weight with finance
minister P Chidambaram. Ties between the two sides had become frosty during the latter part of former governor D Subbarao’s term...........
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1 comment:
The RBI Board will go places,
If around the table it has a sprinkling of young faces,
For they have up their sleeves many aces,
And are also the one's who can bend & tighten their shoe laces,
The older faces,
Seem tied to their seats with braces.
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