In his book, former governor Subbarao says Chidambaram, Pranab were piqued by his tight rate policy.
'Government of India has the right to give directions to RBI'.
'Only the coming years will tell whether the government finds this an easy way of relieving itself from its fiscal constraints.'
Do not go for riskier options like co-operative bank only for the higher return. Even if you go for them, park only a small portion of your capital there, say Tinesh Bhasin and Sanjay Kumar Singh.
Chidambaram has been magnanimous in endorsing my book, says the former RBI Governor D Subbarao.
If the high security notes introduced in 2015 were kept in the system, the pain due to demonetisation can be ameliorated to a certain extent. But unfortunately, such thought process have no place in the hasty demonetisation decision.