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Government should eschew suasion and directives to banks on interest rates that run counter to mone
Government should eschew suasion and directives to banks on interest rates that run counter to mone
Government should eschew suasion and directives to banks on interest rates that run counter to mone
Government should eschew suasion and directives to banks on interest rates that run counter to mone
Government should eschew suasion and directives to banks on interest rates that run counter to mone
Government should eschew suasion and directives to banks on interest rates that run counter to mone
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Urjit Patel:
Yes, 4% is the government-mandated target to the MPC. The plus/minus 2 percentage-point upper and lUrjit Patel:
The two important variables for the policy formulation are projected inflation and the output gap.Urjit Patel:
Growth is always there in the MPC's scheme of things; we don't lose sight of that, but not at the cUrjit Patel:
There will always be divergence of views on the output gap, as it is unobservable in a rigorous dirUrjit Patel:
What is important is that in a capital-scarce country like India, the real interest rate needs to bUrjit Patel:
I think that is a very important milestone in our economic history that the monetary policy is nowUrjit Patel:
We have been mandated by the government, backed by legislation, that we have to have an inflation tUrjit Patel:
If very fundamental reforms take place, especially when it comes to factors of production like landUrjit Patel:
I think that it is important that one grows a thick skin fast in this business, and I think we haveUrjit Patel:
Large credit guarantees also impede optimal allocation of financial resources and increase moral ha