Government and RBI: No real stand-off over macro policy

The current stand-off is more of a government effort to regain influence over macroeconomic management, as the government is accountable to the people whereas the RBI is not.

Government_and_RBI (Download the full text in PDF format)

(This article was originally posted in the Economic & Political Weekly, vol.  L no. 24, June 13, 2015)