http://blogs.reuters.com/moneyonthemarkets/2012/11/22/subbarao-goes-against-his-panel-again/ A maturing market amid the mayhem Thu, 22 Nov 2012 11:50:01 +0000 hourly 1 http://wordpress.org/?v=3.4.2 http://blogs.reuters.com/moneyonthemarkets/2012/11/22/subbarao-goes-against-his-panel-again/comment-page-1/#comment-1404 rgopalan Thu, 22 Nov 2012 11:50:01 +0000 http://blogs.reuters.com/moneyonthemarkets/?p=2967#comment-1404 The veto power now resting with the RBI Governor to overrule the majority view of the panel members to decide on rate cuts needs to be reviewed. The process followed by US Federal Reserve or ECB needs to be aligned for our purpose. At least for now, 3/4 majority viewed should be taken on policy rate cuts etc. The veto power now resting with the RBI Governor to overrule the majority view of the panel members to decide on rate cuts needs to be reviewed. The process followed by US Federal Reserve or ECB needs to be aligned for our purpose. At least for now, 3/4 majority viewed should be taken on policy rate cuts etc.

]]>