The media is accused of creating a controversy out of nothing by asking tough questions to policymakers and then quoting them selectively. A similar attempt was made with RBI deputy governor KC Chakrabarty. Asked whether the new poverty line was fair when inflation was running high, Chakrabarty cleverly dodged the question saying it was a relative measure. ?Someone can be poor in the US but rich in India,? he said knowing full well that few journalists would understand the concept of purchasing power parity and its relevance in poverty measurement.
Eavesdropper: Poor in US, rich in India
The media is accused of creating a controversy out of nothing by asking tough questions to policymakers and then quoting them selectively.
Written by FE News Desk
Get Live Share Market updates, Stock Market Quotes, and the latest India News and business news on Financial Express. Download the Financial Express App for the latest finance news. .
This article was first uploaded on July twenty-nine, twenty thirteen, at fifty-nine minutes past four in the morning.