.............his will be a continuous battle for Dr. Rajan in the face of constant efforts from North Block to encroach on the RBI’s territory. He’s not the first Governor who will face this problem, and he will not be the last. What is different though is that the pressures are now bigger given the slowdown in the economy. The report of the Financial Stability and Legislative Reforms Commission has put the central bank on the back foot, and Dr. Rajan will find it difficult fending off the government’s yorkers from this position. But yet, he will have no option but to keep defending as his predecessors have done. ..........
The very purpose of VITALINFO is to provide a platform for wider dissemination of updated information related to and happening of events in and around RBI.
No comments:
Post a Comment