Former Reserve Bank of India (RBI) Governor Y V Reddy was a tough man who tried to wield institutional autonomy in the larger interest of India’s economy. He did not mince words in expressing his views and often had to face the displeasure of the government. He was, like any other RBI governors, not for farm loan waivers. But some reviews of his new book, Advice & Dissent, suggest a mellowed personality.
He says although farm loan waiver isn’t a good thing it is not a disaster. He can’t be wrong. The total outstanding in agriculture loan was around
He says although farm loan waiver isn’t a good thing it is not a disaster. He can’t be wrong. The total outstanding in agriculture loan was around
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