RBI must sacrifice inflation aim to aid growth, says ex-Governor C Rangarajan

RBI must sacrifice inflation aim to aid growth, says ex-Governor C Rangarajan

By Jaiveer Shekhawat India’s monetary policy makers need to support economic growth even at the cost of their inflation-fighting credentials, as tackling the pandemic situation requires extraordinary measures, a former central bank governor said. The federal government’s large borrowing plan and the Reserve Bank of India’s willingness to support it are bound to fan inflation, … Read more

The insider’s take: A collection of speeches sets the stage for constructive debate on fiscal stability

The insider’s take: A collection of speeches sets the stage for constructive debate on fiscal stability

A pedestrian walks past the RBI building in Mumbai. Some of Acharya’s hard-hitting speeches provide a glimpse of the wide chasm between Mint Street and Delhi during his stint as deputy governor of RBI between January 2017 and July 2019 (Bloomberg image) By Ananth Narayan Quest for Restoring Financial Stability in India is a collection … Read more