Article; http://economictimes.indiatimes.com/opinion/interviews/the-real-problem-for-india-is-d-subbarao-shankar-sharma/articleshow/17215127.cms Comment;
Subbarao is doing what he is supposed to do as a
central banker. The RBI's credibility depends upon his actions. Price stability
and full-employment are the two macro-economic objectives of monetary and
fiscal policies. The economy on the employment front is doing fine we need
price stability to check inflationary expectation to limit the demand for
increase in income and wages economy wide to avoid the cost-push inflation...
