...........Dr. Mujumdar has asserted that massive imports of gold threatened to erode the strength of our economy through their impact on household sector financial saving and on current account deficit and on the Balance of Payments. He has recommended imposition of quantitative ceiling on gold imports. The Second Section is on “Monetary Policy”. The comments of the Economist, London — “Judging by the numbers, RBI is among the World’s best central bankers. RBI has more brains, muscle and integrity, relative to the best State Bodies”. Thanks to the RBI the Nation escaped the Asian Currency Crisis of 1997 and the Global Financial Crisis of 2008.........
Read - FPJ - Book review by P.P.Ramachandran
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