It was so good to read an article from Renu Kohli, a former RBI official from 1984 batch. Really good. I think a new Price Index for urban and rural population needs to be evolved to serve as an inflation anchor.It must take into consideration the changing consumption pattern to capture inflation at retail level.Since the younger generation is fond of gizmos, branded clothing,freaking out at restros etc; for urban population, this must also be factored. RBI's intellectual reserves need to be strengthened by introducing lateral entry at the level of CGM/ED also.In fact, in this competitive world, the concept of all posts to be manned by cadre officials only must go. The fresh ideas must be allowed to come by enabling talented people to walk in/walk out of RBI at periodic intervals with shorter tenures of 3 to 5 years. Renu Kohli will fit the bill to be ED.
- Sitendra Kumar
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