ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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No Real Stand-off over Macro Policy

Government and RBI

The so-called stand-off between the Reserve Bank of India and the Ministry of Finance is not as significant as the media is making it out to be. There is little disagreement between the two on fundamental issues. The stand-off is a reflection of the government's effort to regain some influence over macroeconomic management, which is reasonable as the government is accountable to the people whereas the RBI is not.



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