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.
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
We Don't Have Tons Of Triumphant Movies For Latino Families
Singer-actor Jennifer Lopez, as a Latina, is \"honored\" to share the story of Judy Robles, the mother of wrestler Anthony Robles, who defied the odds, in the recently released biographical sports drama Unstoppable.
Matt Reeves weighs in on The Batman joining DC Universe
Director Matt Reeves believes Robert Pattinson's The Batman could join James Gunn's DC Universe—if it fits creatively.
Jacob Elordi May Replace Paul Mescal in Ridley Scott's The Dog Stars
Jacob Elordi, known for his role in Euphoria, is in talks to replace Paul Mescal in Ridley Scott's upcoming post-apocalyptic thriller, The Dog Stars.
Digital Arrest Scams: All You Need To Know
Every day, we hear about digital scams and fraudulent calls leading to significant financial losses, often targeting vulnerable individuals.
Spread some winter 'warmth' for your furry babies!
There has been a chill in the air over the past few days in the state.
Sonu Sood slashes Fateh ticket prices to ₹99 for opening day
In a generous move, actor Sonu Sood has announced that the opening day tickets for his film Fateh, releasing today, will be priced at a mere ₹99. While the industry often hikes prices for big releases, Sood’s gesture reinforces his unwavering connection to audiences, making cinema more accessible. Inspired by real-life stories, the action-packed drama carries a powerful message of strength and unity. Sood’s decision to cap ticket prices stems from the belief in the film’s universal appeal. \"Fateh isn’t just a film — it’s a tribute to the resilience and spirit of the common man. I want everyone, regardless of their circumstances, to experience it. This gesture is my way of thanking the audience for their unwavering support and making sure no one is left behind in celebrating this story of courage,\" says the actor, who also wrote and directed the project.In addition, Sood has pledged to donate the film’s profits to charities and orphanages, reinforcing his ‘Real Hero’ title. As he puts it, “Every ticket that is sold will help those in need.” Produced by Umesh KR Bansal under Zee Studios and Sonali Sood of Shakti Sagar Productions, Fateh is set to leave audiences spellbound. So, head to your nearest theatre to be part of a cinematic revolution that celebrates humanity.
Amid divorce rumours, Dhanashree slams 'character assassination by trolls'
DHANASHREE VERMA BASHED ONLINE TROLLS FOR 'BASELESS' RUMOURS, BUT DID NOT DIRECTLY ADDRESS THE SPECULATION AROUND HER SEPARATION FROM YUZVENDRA CHAHAL
Tottenham Take 1-0 Lead vs Reds in Semis First-Leg
Lucas Bergvall scored his first goal for Tottenham Hotspur to give his side a surprise 1-0 victory over holders Liverpool in the first leg of their League Cup semi-final on Wednesday.
With Ghosal by her side, Anahat taking steady steps
By her own admission, Anahat Singh did not play her best squash at the British Junior Open, a prestigious junior tournament she won for the third time this week as its U-17 champion.
Can multi-city bid boost India's Oly credentials?
Ahmedabad is set to be the cornerstone of India's bid for 2036 Olympics even as few sports could be held in other cities in line with the International Olympic Committee's (IOC) push for cost-effectiveness and sustainability.