 "RBI governor Shaktikanta Das favours flexible policy objectives")
In his maiden speech as the Reserve Bank of India (RBI) Governor Shaktikanta Das indicated on Friday that the central bank under him would be flexible enough to assume multiple responsibilities, instead of the one-point agenda of remaining fixated on inflation.
The RBI always had multiple objectives, such as maintaining price stability, taking care of growth, as well as being the regulator of the banking system, and ensuring financial system stability.
However, Raghuram Rajan and Urjit Patel favoured the central bank to focus almost exclusively on price stability. The RBI Act was amended in November 2016 to make
The RBI always had multiple objectives, such as maintaining price stability, taking care of growth, as well as being the regulator of the banking system, and ensuring financial system stability.
However, Raghuram Rajan and Urjit Patel favoured the central bank to focus almost exclusively on price stability. The RBI Act was amended in November 2016 to make
