Warrier's Collage on Thursday November 21, 2024

Welcome To Warrier's COLLAGE On Thursday November 21, 2024 A Media Response Letters November 20, 2024 Inflation and rate cuts* This refers to the report "Centre, RBI speak in different voices over inflation, rate cuts" (The Hindu Business Line, November 20). It is uncomfortable to find the media expecting Government spokespersons and the top brass of statutory bodies to think harmoniously on the policies and issues they handle. The suggestion is not that they should fight like the treasury benches and the opposition in legislatures these days. But we should allow open debates on issues like the tolerance level of inflation, methods of arriving at various types of inflation and perhaps even the inflation target. To discuss and advise RBI broadly how to handle the Monetary Policy, there is a statutory arrangement (Monetary Policy Committee-MPC) which has been working well for some years now. MPC during its periodical meetings, will factor in in their advice to RBI, various views expressed by the stakeholders from time to time. While the media's role in educating the public about the role of interest rates is well taken, the signal that every difference in views expressed is coloured cannot be appreciated. M G Warrier Mumbai *Published in the print edition on November 21, 2024. Bonus RBI Museum Virtual Tour https://youtu.be/atZICT0rPow?feature=shared B Collage Poetry Sunset of the Century https://www.warriersblog.com/2014/11/the-sunset-of-century.html?m=1 C Essence of Bhagavad-Gita https://www.holy-bhagavad-gita.org/chapter/6/verse/5 BG 6.5: Elevate yourself through the power of your mind, and not degrade yourself, for the mind can be the friend and also the enemy of the self.

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