NIAS Public Lecture: “Dialogue of the Deaf: The Government and the RBI” by “Dialogue of the Deaf: The Government and the RBI” By TCA Srinivasa Raghavan, Lecture Hall, NIAS, 3.30PM

NIAS UNDP Policy Research Initiative on Inequality and Human Development & RBI Programme on Interdisciplinary Approaches to Economic Issues




“Dialogue of the Deaf: The Government and the RBI”


TCA Srinivasa Raghavan

Senior Journalist, Author and Economist


Thursday, 6th July, 2017, 3.30 PM

Venue: Lecture Hall, NIAS, IISc Campus, Bengaluru - 560012

Chairperson: Prof. Narendar Pani

Abstract: After the 1991 reforms the RBI’s relationship with the government underwent a huge change for the better. The RBI became a full, if slightly junior, partner of the finance ministry. But from about mid-2005 onwards, the relationship slowly started to deteriorate. The reasons were the old ones: politics and the need for the government to win the next general election at any cost. Even the timing of interest rate changes became subject to electoral calculations as Y V Reddy discovered in 2008.  A warning to future governors is that your job is to manage the government, not fight with it; you are a servant of the sovereign, not independent. Governors who have been mindful of this have not had problems; those who haven’t, have.

About the Speaker: Mr. TCA Srinivasa Raghavan is an eminent journalist, author and economist. He has served in senior editorial positions at several important publications such as Hindu Business Line, Financial Express, Economic Times, Business Standard, Eastern Economist and MacMillan India. Apart from the above, he has held several distinguished positions such as Distinguished Fellow, Institute of Peace and Conflict, New Delhi; Member, Railways sub-group of the Committee on Transport Modernisation set up by the Planning Commission; Advisor, Director, ICRIER (2007-08) and so on. He has also been a Visiting Fellow at, Queen Elizabeth House, Oxford and  Centre for Development Economics, Delhi School of Economics and a Visiting Press Fellow at Wolfson College, Cambridge . He also has many significant publications on the development experience of the Indian economy to his credit. This talk is based on his recent book with the same title, “Dialogue of the Deaf: The Government and the RBI”

All are cordially invited

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 For further information, please contact Dr. Kshitija Joshi

Thursday, July 6, 2017