View: The new age of ‘nuts-and-bolts’ reforms

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It has been thirty years since the big-picture reforms started in India with economic liberalisation in 1991. Over the past few years, the government has ushered a series of framework reforms including the Jandhan-Aadhaar-Mobile, Monetary Policy Framework, Insolvency and Bankruptcy Code, Good and Services Tax, Labour and Agriculture reforms. It would not be wrong to … Read more

View: RBI’s response during Covid proves its inflation targeting has worked well

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The flexibility that RBI has been able to show in response to the Covid-19 crisis is the most recent case in point. Synopsis But the key point is that the monetary policy is working, and GoI and RBI need to allow it to continue. What do we mean by ‘functioning quite well’? First, RBI responds … Read more