Venkatesh Nayak of Commonwealth Human Rights Initiative had sought from the Indian High Commission in Australia details of the passport issued to Rajan on the basis of forged identity.
The application was forwarded to the mission in Sydney where the travel document was issued to Rajan.
The Mission refused to divulge the details citing Sections 8(1)(a), (e), (g) and (h) of the RTI Act.
Section 8(1)(a) alone covers seven grounds to deny information -- sovereignty and integrity, defence, strategic, scientific, economic interests and foreign relations of the state and incitement to commission of crimes. Section 8(1)(e) relates to fiduciary relationship, 8(1)(g) exempts information from disclosure which may endanger the life and safety of any person and 8(1)(h) the disclosure impede the investigation, prosecution process or arrest of the offenders.
All monetary policies have external "spillover" effects,
Rajan said, adding circumstances today are, however, not normal and domestic demand may not respond to unconventional policy.
"To use a traffic analogy, policies with few adverse spillovers should be rated "green"; those that should be used temporarily could be rated "orange"; and policies that should be avoided at all times would be "red".
He said globally countries are far from having clear agreement on the colour of policies today, even with the best data, models, and empirical work.
"There will be a lot of fuzziness initially, but discussion will lead in time to better models and data - and will push policymakers to stay out of the clearly red," he said.
Central bankers face a different problem: inflation that is flirting with the lower bound of their mandate.
"With interest rates already very low, advanced economies' central bankers know that they must go beyond ordinary monetary policy - or lose credibility on inflation. They feel that they cannot claim to be out of tools.
He admitted that setting such a rule will take time. "But the international community has a choice. We can pretend all is well with the global monetary non-system and hope that nothing goes spectacularly wrong. Or we can start building a system fit for the integrated world of the 21st century".
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