PM for new thinking on RBI's monetary policy
PrintListen to this Article
Prime Minister Manmohan Singh on Saturday called for evolving a fresh thinking on Reserve Bank of India (RBI)’s monetary policy in a globalised economy and dealing with the constraints of its macro economic policies.
“The time has come to look at the possibilities and limitations of the monetary policy in a globalised economy and dealing with the constraints of the macro economic problems.
That is where a fresh thinking is called for,” he said.
“I think Raghuram Rajan (Governor designate) will evolve a policy with the help of professional persons for a national consensus if we have to carry on with implementing social and economic changes in a complex economy, Dr. Singh said.
The remarks assume significance in the context of the raging debate over RBI’s hawkish policy stance on checking inflation vis a vis government priority on growth.
Dr. Singh was speaking after releasing “RBI History — Looking Back and Looking Ahead”, the fourth volume of 78-year-old central bank’s history, at a simple function at his Race Course residence. (PTI)
Category : RBI | Comments : 0 | Hits : 154
The Supreme Court on Friday set aside the rejection of an IRS officer’s candidature for appointment as a member of the Income Tax Appellate Tribunal (ITAT), ruling that the involvement of the th...
The Reserve Bank of India (RBI) on Friday unveiled a set of liquidity-boosting measures aimed at infusing more than $23 billion (around ₹2 lakh crore) into the banking system, after review...
RBI has issued draft rules to tighten dividend payouts by banks by linking distributions to capital adequacy, asset and profit quality, setting a uniform prudential framework effective from FY27. In t...
Comments