Events : Economic, Development & Social Issues

Panel Discussion on "Government & RBI Relations : It's complicated"

Held on Friday, 7th July, 2017 at 6.30 PM

Bangalore International Centre had organised Panel Discussion on Government & RBI relations:
It’s complicated” on 7th July, 2017 at 6.30 PM. The Panelists were Dr. Narendar Pani, Mr. T C A Srinivasa Raghavan and Prof. Charan Singh.

The Discussion was based on the theme of the the book “Dialogue of the Deaf” authored by Mr. TCA Srinivasa Raghavan. The discussion was around the history of the politics of monetary policy in India. The workings of the Reserve Bank of India and its strange relationship with the Government was the core of the discussion. It is forever walking the tightrope, torn between the law that governs it and the politics of the governments that control it. Or, as was famously said by the Governor of the Bank of England when it was being set up, “it has to play the role of a ‘Hindoo wife’ who offers advice but never asserts herself”. The dry wit and the wry humour of Mr. Srinivasa Raghavan brought the point that RBI often tended to play second fiddle to the Government.

The discussion was interesting and the Q & A session was impressive.