The finance ministry under Pranab Mukherjee and P Chidambaram used to pressurise the RBI to soften interest rates and present a rosier picture of growth to shore up sentiments, recalled former RBI Governor Duvvuri Subbarao in his memoir. In his recent book 'Just A Mercenary?: Notes from My Life and Career', Subbarao also wrote that there is 'little understanding and sensitivity' in the government on the importance of the central bank's autonomy. Read The Rest at :
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