Levels of mediation
Levels of mediation: In ‘The roots of the Cauvery crisis’ (September 23), Nilanjan Ghosh has said I favoured “a decentralised approach towards resolution by vesting more powers lower down”. He has described the history of the dispute and...
Monetary Policy Committee
This formalises and professionalises the existing Technical Advisory Committee which has been advising the governor. The present arrangement unburdens the governor from individual responsibility in decisions on monetary policy and makes the MPC more relevant. The constitution of the MPC sends out a clear signal that the Centre is serious about retaining RBI’s status as an expert professional body.