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Wednesday, November 01, 2006
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OPINION

EDITORIAL
A light touch
The Credit Policy review leaves the stage for the growth initiative almost unchanged. More

CREDIT POLICY
RBI's mid-term review of credit policy — Striking an internal-external balance
The RBI Governor, Dr Y. V. Reddy, has negotiated carefully between controlling inflationary expectations and disturbing the behaviour of economic agents. While the Policy has made significant relaxations on the external funds front, Mint Street and N orth Block will have to work closer together at home, if India is to maintain its robust rate of growth with price stability, says S.VENKITARAMANAN. More

Nudging economy in right direction
The RBI has reiterated the strong growth momentum in the economy and the robust growth prospects across both the services and industrial sectors. The policy statement marks another step in the opening of the Indian market to foreign capital ... More

Only sparklers, no fireworks
The message that the central bank has conveyed is that the economy is doing well and nothing should be done to affect the healthy growth momentum. More

A tightening still
In a clever move, the Reserve Bank of India has left the reverse repo rate — the rate at which banks can place funds with the central bank — unchanged while increasing the repo rate — the cost ... More

Not really comprehensive
Given India's growing role in financial markets, a more comprehensive package of measures would have been welcome. More

Optimism, caution and gradualism
Since central banking is as much about wordplay as interest rate fixing, it is time we instituted a mini Booker-type prize for the policy texts. For this category the wordsmiths on Mumbai's Mint Street would surely be strong contenders for a ... More

Treading a middle path
The Indian economy is going through a `Goldilocks' phase, given the high growth rate, manageable inflation rate and booming stock market. At the same time, there are signs of a slowdown in the US economy and rate worries in the EU and Japan. ... More

Will hint of a hike help?
Macroeconomic inflation and a overheated retail credit market, especially the mortgage segment, were the two well-identified, indeed well-articulated, concerns of the RBI as it went into its review of the Credit Policy. The backdrop to this ... More

Continuity and change
The Credit Policy Review is welcome as it effectively addresses the concerns of price stability, credit expansion and financial stability. Against the backdrop of buoyant industrial growth, surge in bank credit, trade deficit and inflationary ... More

Complements fiscal policy
On the whole, the sustenance of growth momentum is concern of the regulator More

INTERVIEW
ANDHRA PRADESH FORMATION DAY: A SPECIAL REPORT
Focus on farm for industrial development
We are a reformist State, says Chief Minister More

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