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.
May 16, 2013
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Monetary policy in a cauldron
Any further easing of monetary policy now will only invite the next balance of payments crisis. The RBI, in fact, needs to reverse gears to prevent that.
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May 3, 2013
Are rate cuts the way to go? - NO
The Monetary Policy for 2013-14 is Governor D. Subbarao’s last Annual Policy Statement. Kudos to Governor Subbarao for having prevailed with a cautious policy. Top policy honchos in the Go...
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May 2, 2013
A plot to destroy RBI
The Financial Sector Legislative Reforms Commission wants to restructure, or effectively dismember, the RBI by arguing that it has too much on its plate.
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April 18, 2013
This is no way to manage public debt
If the proposed debt management office focuses only on providing cheap funds to the Government, it will be a setback for fiscal consolidation and financial reform.
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April 4, 2013
The economy needs shock therapy
The RBI must raise interest rates, curb liquidity and allow the rupee to depreciate, to control inflation and the rising current account deficit. »
March 21, 2013
Will new banks be a gamechanger?
A key objective of opening up the sector to private banks is to foster financial inclusion. Many industrial houses applying for licences have the advantage of a rural reach.
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March 7, 2013
Budget walks the middle path
The Union Budget for 2013-14 presented by Finance Minister P. Chidambaram correctly diagnosed the malady but are the remedial measures adequate? The Budget, rather like the curate’s egg, is good i...
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February 21, 2013
Allow the rupee to depreciate
Given the reluctance to tighten fiscal and monetary policies, there can be no escaping currency depreciation, if the current account deficit is to be brought down.
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February 7, 2013
Time we raised direct taxes
Fiscal adjustment and distributive justice should go together. Hence, a marginal tax rate of 40 per cent should be applied on the super rich.
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January 24, 2013
Not yet time for RBI to relent
High inflation, over-extension of bank credit, growing fiscal deficit and an overvalued rupee exchange rate are arguments against a rate cut.
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