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Ananthanarayanan Seshan, Economic Consultant, holds degrees of MA in Economics and MSc in Agricultural Economics (US). He joined the economic research department of the Reserve Bank of India in 1956 and retired as its Officer-in-Charge in 1993. Subsequently, he worked as IMF Adviser to National Bank of Kyrgyzstan and Bank of Sierra Leone. His articles on economics, music, dance, politics, travel and sports number more than 250. He was a member of 18 official committees, including those set up by the IMF and UNDP. He is a former Editor of RBI Bulletin and RBI Occasional Papers and Founder-Editor of BSL Bulletin.

RBI did well to do nothing

There is no case for a rate cut now, with inflation hurting the common man. »

A refreshing contrarian

The RBI Governor has kept his focus on inflation, despite pressure from the rate cut lobby. »

Fiscal deficit, a black hole

Open market operations are meant to stabilise money supply, and not provide credit to the Government. Monetisation of the deficit continues through the backdoor. »

RBI strikes the right note

In its Monetary Policy 2013-14, the RBI has struck a fine balance between growth and price stability. »

Monetary policy for the aam aadmi

The RBI should assess inflation on the basis of consumer rather than wholesale prices. »

Futile effort to push growth

The repo rate cut is unlikely to spur growth. This is because persistent inflation and the high level of prices have compressed demand. »

No case for monetary policy easing now

The Finance Minister’s emotional appeal may lead the RBI to do what it really shouldn’t. »

Above all, a responsible Budget

A politician looks forward only to the next election. A statesman looks forward to the next generation. — Thomas Jefferson The dog squad of the security staff of Parliament... »

Budget should revamp direct taxes

A flat income tax rate, a tax on dividend incomes and wealth tax on financial assets, are steps worth considering. »

Wrong diagnosis, wrong prescription

The RBI’s rate cut is based on the assumption that inflation has moderated. However, retail prices tell another story. »
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