S.S.Tarapore, an economist, joined the Reserve Bank of India in 1961 as Research Officer and retired in 1996 as Deputy Governor. Since retirement he has been associated with a number of official committees and has been a financial columnist in various financial dailies since 1997. At present he is a fortnightly columnist with the Hindu Business Line.

A new entente on monetary policy?

A stable and lasting policy can evolve only if there’s mutual respect and understanding between the RBI and the government »

The FSLRC report is seriously flawed

Is that surprising, given that it was caught in the clash between the UPA and the RBI? »

Beating inflation is a tightrope walk

This is not the time for RBI to relent on interest rates. That may ratchet up inflationary expectations all over again »

Enough of this exchange rate machismo

The rupee is overvalued. This can hurt export-oriented industries and widen our current account gap »

Stop this dithering on banking reforms

For too long have political forces and vested interests stalled the dilution of government holding in banks »

The pitfalls of short-termism

The RBI has taken a medium term view of inflation, without being swayed by the recent numbers to lower rates »

No need for a financial super-regulator

The RBI makes an effective case for continuing with sectoral regulators. The new government should pay heed to its views »

No easy path to higher growth

The RBI Annual Report rightly points out that even to grow at 7 per cent, inflation needs to fall sharply »

For an economics of compassion

Remembering the distinguished economist NA Mujumdar, who was a trenchant critic of India’s post-1991 policies »

Better safe than sorry

RBI Governor Raghuram Rajan seems alert to uncertainties on account of growth, inflation and capital flows »
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