"Reserve Bank is more conscious today than before that the - TopicsExpress

"Reserve Bank is more conscious today than before that the policies it makes have a meaning if, and only if, they make a positive difference to the real world. For example, one of the core concerns of the Reserve Bank’s anti-inflationary stance is that inflation hurts, but hurts the poor much more than the better off. But the poor are not an organized, articulate lobby. As a public policy institution, the Reserve Bank has the responsibility to make that extra effort to listen to the silent ‘voice of the poor’." Dr. Duvvuri Subbarao, Governor, Reserve Bank of India in Mumbai on August 29, 2013

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