Sorry, guys, for the long hiatus. We had to go globetrotting to get inputs for the global position of MPC and here it is presented in the table below. During the hiatus, lot of water has flown and India rocked the world with an incredible policy measure in the form of demonetization. We are recovering […]
Hi everybody, it is good to be back in business after a small gap. I am sure you are following the website regularly. We conducted a seminar titled ‘Financial Horizon and Regulatory complexity ‘. Some of the veterans of Reserve Bank of India and IRDA addressed the seminar and the response was quite encouraging… Now […]
Hi there! Hope the previous two blog articles have introduced you to the concept of inflation. We all live in an inter-connected world. What happens in Timbuktu, impacts people living in Tamil Nadu. This inter-connectedness between economies creates what we term as externalities and in the last blog a reference was made to the impact […]
I am sure you now have some idea of what monetary policy is after the brief introduction in part 1. Some of you might be wondering why a committee. As explained in the previous blog, the Governor of RBI decides on the interest rate under the monetary policy framework (even though he is assisted and […]
Hi, hope you enjoyed the introductory blog on inflation… lets delve into a few more definitions that are very apt and relevant for a developing economy like India. Consumers like you and I face true inflation in the retail market. Since the past more than six months the price of pulses skyrocketed in India and […]
On June 28, 2016, many newspapers had carried a news item on the formation of a Monetary Policy Committee by the Government of India. General public was grappling with the Brexit brouhaha and the announcement by the Government of India on the formation of MPC went almost unnoticed. A few serious ‘monetarists’ known to me […]
My nonagenarian mother, who has lost all sense of time, often asks me one question when I come home with a basket full of vegetables and groceries. Is the price of tomato Rs 2/- for 3 kgs? Is the price of rice Rs.15/- for a bag of 5 Kgs? Well!! One might rightly conclude that […]