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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.

Policy in the age of secular stagnation

The global economy could be caught in a long-term cycle of low growth. Monetary measures alone may not boost output »

Let’s accept the limits to growth

Lowering interest rates is not advisable at a time when savings need a boost to spur higher investment and output »

Monetary policy: new rules, new actors

A proactive government role should not result in the RBI losing its powers altogether »

A Budget that compromises the fisc

The growth assumptions are ambitious and the rise in expenditure excessive »

Fiscal and social balance can go together

The Budget should do away with sops that favour the well-heeled. This will reduce inequalities »

Power packed monetary policy

The central bank has taken a holistic approach in its latest review, blending global trends and local realities »

A misinformed policy debate

To argue that repo rate is a matter of life and death for industry, or that the fiscal deficit is no big deal, is sheer nonsense »

You just can’t beat gold!

Even now it is not too late for emerging economies to get into the game. Gold trumps reserve currencies, any day »

The right moves on deposit insurance

A ‘resolution corporation’ for this purpose is a good idea, but it needs to be well funded »

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 »
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