How the three members in the new MPC plan to track CPI inflation

Business Standard brings you their take on G-secs, poverty and even blockchain

None of the three members of the new Monetary Policy Committee are too hot on tracking the Consumer Price Index-based measure of inflation for their analytical perspectives. The members have begun their meetings today to offer their assessment of how the rates should move. The three-day meeting will be over on Friday. 

In her analysis of inflation in India, Ashima Goyal has drawn attention to the role of price discovery in the G-Secs market as a determinant. She says this matters when bank credit is thin and there is a high level of borrowing by the government, a phenomena all