"Underscores Congress' Penchant For Deceit": Smriti Irani On Ex RBI Governor's Book

Former RBI Governor Duvvuri Subbarao claimed in the book that the finance ministry under Pranab Mukherjee and P Chidambaram used to pressure the RBI to soften interest rates and present a rosier picture of growth to shore up sentiments.

Union Minister Smriti Irani on Tuesday attacked the Congress over former RBI Governor Duvvuri Subbarao's claim that the finance ministry under Pranab Mukherjee and P Chidambaram used to pressure the RBI, saying it underscored the grand-old party's "penchant for deceit" over national interest. When the grand old Congress party wanted Reserve Bank as the Government's Cheerleader to hoodwink people of Indiahttps://t.co/mkRNB03Z7XThe revelations from former RBI Governor Subbarao's memoir provide a glaring instance of the institutional abuse perpetrated by the…

In his recent book 'Just A Mercenary? Notes from My Life and Career', Mr Subbarao has said that the finance ministry under Mukherjee and Mr Chidambaram used to pressure the RBI to soften interest rates and present a rosier picture of growth to shore up sentiments.

The former RBI governor in his memoir also wrote that there was 'little understanding and sensitivity' in the erstwhile government of the Congress-led United Progressive Alliance (UPA) on the importance of the central bank's autonomy.