Is the RBI-Finance Ministry standoff hurting economy?
As the standoff between finance ministry and the reserve bank comes out in the open, with Finance minister P Chidambaram expressing his disappointment with RBI’s decision to keep key rates unchanged, experts S Sandilya, chairman of Eicher Motors Ltd and president of SIAM, Meera Sanyal, country executive – India at the Royal Bank of Scotland N.V., MS Unnikrishnan, MD of Thermax, and Dr. Brinda Jagirdar, general manager and head of economic research at State Bank of India, discuss what this disconnect means for the economy and how long before we see the central bank reverse its stance?
