Outgoing RBI Governor D Subbarao on Thursday took a dig at Finance Minister P Chidambaram for his comment once that he would ‘walk alone’ to ensure growth in the face of the tight money policy of the central bank. ‘Gerard Schroeder, the former German Chancellor, once said, ‘I am often frustrated by the Bundesbank.
But thank God, it exists.’ ‘I do hope Finance Minister Chidambaram will one day say, ‘I am often frustrated by the Reserve Bank, so frustrated that I want to go for a walk, even if I have to walk alone. But thank God, the Reserve Bank exists’,’ Subbarao said in his last public lecture as RBI Governor.
But thank God, it exists.’ ‘I do hope Finance Minister Chidambaram will one day say, ‘I am often frustrated by the Reserve Bank, so frustrated that I want to go for a walk, even if I have to walk alone. But thank God, the Reserve Bank exists’,’ Subbarao said in his last public lecture as RBI Governor.