Production of pulses went up in response to the higher MSP, but mandi prices crashed.
The RBI governor is likely to find a way to transfer the right amount of money to help the government meet its fiscal targets.
Long-term reform requires a vision and the willingness of the government and the new RBI Governor to risk political capital.
The rupee's current rout can be seen more as an overdue recalibration than a flash in the pan.
India may soon come to regret not setting up a resolution regime after the 2008 crisis as many nations did.
RBI’s supervisory capacity needs strengthening — including better training, more specialization and longer tenures for officials, among other measures that the bank itself has recommended.
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