RBI

By: Jagdish Rattanani
Category: Common citizen, Governance, Global, RBI, India politics, Indian economy
It is not that everything the Reserve Bank of India has done or is doing is right. There is a lot to be said about the way in which the central bank has functioned and it is fair to criticise, even attack, it over lack of transparency, poor bank supervision and of course the wonky management of... read more
By: Ranjit K Pattnaik
Category: Governance, Taxes, Global, RBI, India politics, Indian economy
The RBI Governor Urjit Patel has reiterated before a Parliamentary panel the central bank’s well-known position that its reserves are "for periods of stress and not for meeting normal needs." A committee is set to go into the issue of an “economic capital framework” (ECF), or the reserves... read more
By: Ranjit K Pattnaik
Category: Common citizen, Global, RBI, India politics, Indian economy
The penultimate monetary policy for fiscal 2018-19 has maintained status quo on the policy repo rate at 6.5 per cent but what stands out is the clarity with which the MPC resolution and the RBI leadership has spoken this time on critical areas like liquidity, volatility in retail inflation, growth... read more
By: Himadri Bhattacharya
Category: Common citizen, Governance, Global, RBI, India politics, Indian economy
The fifth bi-monthly meeting of the MPC of the RBI in the current fiscal was billed to be a non-event since just about everyone was certain that the policy repo rate would be kept unchanged at 6.50%. It turned out to be not exactly a non-event although the MPC kept both the policy rate as also the... read more
By: Jagdish Rattanani
Category: Common citizen, Governance, Inequality, Taxes, China-India, Global, RBI, Jobs, India politics, Indian economy, Inclusive growth, GST
In his own strident way, never giving an inch and always straining to milk dry the argument for his side, Finance Minister Arun Jaitley has summed up the frivolousness of the debate on GDP growth rates. The Minister wrote in his blog: “Data based on facts and on the best global practices is... read more
By: Ajit Ranade
Category: Common citizen, Inequality, Sustainability, Taxes, Global, RBI, Jobs, India politics, Indian economy, Inclusive growth
The inflation reported for the month of October was 3.1 per cent, the lowest in the last one year. This was a big relief, because just one month ago, there were fears that international oil prices may spike up to a100 dollars a barrel. This was because of the impending sanctions against Iran, which... read more
By: Ranjit K Pattnaik, By: Jagdish Rattanani
Category: Common citizen, Governance, Taxes, Global, RBI, India politics, Indian economy
The crucial Nov.19 board meeting of the RBI, which threatened at one point to be an eyeball-to-eyeball confrontation, has passed without any fireworks and that in itself is some good news. At an institution like the RBI, it is never comfortable when the board confronts the Governor and the... read more
By: Ajit Ranade
Category: Common citizen, Governance, Sustainability, RBI, India politics, Indian economy
The institutional autonomy and independence of the RBI is very important for its credibility and reputation. The latter is a precious and fragile thing, and needs to be protected and preserved. But ultimately the central bank’s independence is within the context of the sovereign, represented by the... read more
By: Jagdish Rattanani
Category: Governance, Inequality, Sustainability, RBI, India politics, Indian economy
We see an unending bout of meaningless growling that sucks out all energy from public debate, reducing everyday conversations to confrontations that are ugly, loud and can only turn away people from engaging with any of the issues of the day.  This lowering of the standards of engagement is a fall... read more
By: Himadri Bhattacharya
Category: Common citizen, Governance, Sustainability, Taxes, Global, RBI, India politics, Indian economy
Over the last few years, there have been demands for the use of the RBI’s internal reserves for fiscal purposes, like recapitalisation of PSBs and higher dividend payments to the government. The previous RBI Governor was fairly dismissive of this idea. It appears that the present leadership of the... read more

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