As the current Governor Y.V.Reddy's tenure ended yesterday on Sept 05 '2008, the Indian government appointed finance secretary Duvvuri Subbarao as the new governor of the Reserve Bank of India (RBI).
A news article in Economic Times mentions that "This puts an end to speculation over who would take over the reins of the central bank from Mr Reddy, whose tough but sure handling of monetary policy has served India well in these times of global financial turbulence." However if we go by one of my previous posts titled 'About India's Inflation', Ajay Shah has mentioned clearly that the current monetary policy has not been good of lately.
Now since Ajay's and Economic Times statements are litle contradictory in natue, then, is the UPA Government again out to fool the common man? Or may be, out to fool only the relieved Mr. Y.V.Reddy? Ponder it yourself.
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