Retail inflation averaged scorching 10% in that period. Between March 2010 & October 2011, central bank raised repo rate 13 times, from 4.75% to 8.5% per annum.
In my view as the finance secretary during UPA II govt, the least RBI could have done was not to further depress the sentiment with doomsday prophecies.
In ‘Just A Mercenary?’, D Subbarao, looks back on a career spanning 35 years. From his time as an IAS officer to his roles as lead economist for the World Bank and RBI governor.
In his book, Duvvuri Subbarao discusses how he dealt with a sceptical press and unwelcoming colleagues when he was first appointed governor of the RBI.
The Nirouyeh Vijeh Pasdaran Velayat, or NOPO, was the only force Ali Khamenei trusted.It was founded in 1991 and is more feared than the Revolutionary Guards.
Rating democracies is a tricky business. I am only using the simple metric of who in the Indian subcontinent has had the most peaceful, stable, normal political transitions and continuity.
Voters should be reminded about double digit inflation during UPA regime. Reckless socialism masterminded by the crooks of national advisory council was one the reasons for overheating of the economy. Members of the NAC should be named and shamed and handed over to Taliban.
Voters should be reminded about double digit inflation during UPA regime. Reckless socialism masterminded by the crooks of national advisory council was one the reasons for overheating of the economy. Members of the NAC should be named and shamed and handed over to Taliban.