Differences with RBI governor is media creation: FM

Union Finance Minister P Chidambaram today dismissed as "media creation" reported differences between Government and RBI Governor D Subbarao.

"I have already explained about the....media created differences between Government and RBI (Governor)", he said when asked if "his problem with RBI Governor is because he did not oblige with rate cut".

"You asked the question again. After two days, I will give the same answer", he told reporters after a meeting with South Zone Chief Ministers and top officials of public sector banks and financial institutions.

A day after Chidambaram asked RBI to speed up the process of issuing new bank licences, Subbarao said last Friday that it would not be possible without fulfilling the enabling conditions for the same.

After the RBI's hawkish stance on the rate cut recently, the Minister had also remarked that if the government has to walk alone to face the challenge on the growth path, it would do so.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • With a saffron censor, freedom of filmmakers is in grave danger

    The composition of the Central Board of Film Certification (CBFC), recently reconstituted in the wake of the en bloc resignation of the previous panel

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Varun Dutt

<b>Riskfactor</b>: 'Fool'-filled method

The gambler’s fallacy, also known as the Monte Carlo fallacy, ...

Zehra Naqvi

Style must reflect a book’s content

Pakistani writer Bilal Tanweer talks about his book, The Scatter ...

Bubbles Sabharwal

Perfection is a myth

I meet a lot of young people in my line ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture