was finance secretary in Delhi when I was appointed governor of the Reserve Bank of India (RBI) in September 2008. Before moving to Mumbai, I went to call on Prime Minister Manmohan Singh to thank him for the confidence he reposed in me. It was a brief meeting—just about 15 minutes. We talked about the economic situation, of course—the government's fiscal challenges as well as RBI's unlikely problem of defending the rupee against appreciation.
After about 10 minutes of this, I said: "Sir, you were governor of RBI yourself. Do you have any advice to give me?" Dr Singh very characteristically demurred with that faint smile of his which you saw more in his eyes than on his lips. "What advice do I give you, Subbarao? You've been in the IAS, you know the country, you know the government, and you are familiar with RBI. Do what you think is best for the economy. I am sure you will do well," he said.
Esta historia es de la edición December 28, 2024 de Hindustan Times Punjab.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición December 28, 2024 de Hindustan Times Punjab.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
Setting the camera aside to draw for fun
For nearly two decades, Sohrab Hura's photographs have moved between documentary and fiction, and they've often been both at once too.
You need a lot of luck on these wickets to get big runs, the ones we're playing at the moment. And last week I had my share
You are one of the best batters on the planet and then, the centuries dry up. That's how fickle form can sometimes be.
Rohit's Insipid Captaincy Lets Australia Take Control
It was a slow trudge out, with head bowed, for India's captain Rohit Sharma.
Renuka and Deepti star as India women sweep ODI series vs WI
Renuka Thakur and Deepti Sharma delivered a bowling masterclass to trounce West Indies by five wickets and seal a dominant victory in the third and final ODI of the series at the Kotambi Stadium, Vadodara on Friday.
Court awards death sentence to driver who killed 35 people
A court in China has sentenced a man to death for killing 35 people last month by driving into a crowd, in an attack that raised national concern about mass killings.
Plane crashed due to 'external interference'
{ AZERBAIJAN AIRLINES } 'THOUGHT THE PLANE WOULD FALL APART'
Brazil Says Workers at China's BYD Site 'Trafficking Victims'
Authorities in Brazil said on Friday they are probing Chinese auto giant BYD and one of its contractors for suspected \"trafficking\" of Chinese workers building a factory in the South American country.
2 Leaders Impeached in 3 Weeks as Turmoil Continues in South Korea
The crisis has rattled financial markets and disrupted Seoul's diplomacy efforts with partners like the U.S., all while the country's facing mounting economic challenges
Rupee Falls to Record Low as Dollar Bids Spike
The rupee fell to an all-time low on Friday, as maturing non-deliverable forwards and currency futures boosted dollar demand, while the sharp fall led to panic dollar buying by importers.
Housing Financiers Chase Pot of Gold in Affordable Loans Segment
India's mortgage lenders are increasingly looking to finance affordable homes, betting on higher returns and backing from government housing schemes.
