The fifth volume of the history of the Reserve Bank of India helps us understand how the economic reforms and policies during 1997-2008 were shaped in India’s complex political and social setting.…
In a democracy, should a central bank be autonomous or accountable? A middle ground and a balance has to be struck, The mix will depend on the legal system, traditions, and macro-economic context. In…
Drastic times call for radical measures. Falling tax revenues call for an increase in borrowings by the central government to help states. A failure to do so now could have a negative impact on the…
