Letter to BS: RBI guv Shaktikanta Das favours flexible policy objectives

The government will need to follow the required discipline on the fiscal policy front.

This refers to Anup Roy’s report “Das favours flexible policy objectives” (January 19). In his maiden speech as the RBI Governor, Shaktikanta Das has asserted the RBI’s mandated roles without being controversial in expression. As brought out in the report, India’s central bank has all along been playing a proactive role in promoting economic growth and financial inclusion by dovetailing its policies in consonance with the government of India’s (GOI) policy prescriptions.
 
This occasionally came into conflict with the performance of RBI’s core functions with regard to maintaining price stability and regulation of institutions in the financial sector. With