Yv reddy book advice and dissent
Advice and Dissent – IDEAsJump to navigation. At a time when the autonomy of the Reserve Bank of India RBI is a raging debate, especially post-demonetisation, here comes a book by former RBI governor YV Reddy, Advice and Dissent, recounting a fascinating anecdote wherein, when asked about the institution's autonomy, he told a journalist: "The RBI has full autonomy. I have the permission of my finance minister to tell you that. Remind Reddy about this incident and he says that the autonomy issue has been unnecessarily raised now and that it had been settled back. Advice and Dissent is an insider's saga on how the government and the RBI work. But throughout, to his credit, the author has resisted the temptation of sensationalising things.
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Former RBI governor YV Reddy talks about his new book
In India, dissent is rarely pushed to breaking point. This lucidly written and gripping page-turner is in two distinct parts. The book begins as a straight autobiography, but ends up as a memoir of economic history. He pursued a parallel academic and semi-academic career, very unusual for an IAS officer. From his college days, Reddy was a camp follower of communism, becoming disillusioned in when, in Leningrad, he saw long queues of people hoping to buy a broom. Nevertheless, his public policy stance was towards state action and he remained a market-sceptic. In the post-liberalisation era, he published interesting works on the privatisation of public enterprises.
Former RBI governor Y. Almost nine years after Y. He is not the first RBI governor to write his memoir. However, there are differences between the two—both in the narrative as well as the structure. Even before Subbarao, at least three RBI governors have written their memoirs. Globally, many central bankers have written autobiographies.
A former governor of RBI pens his memoirs and is candid about the many roles he had to play
By Utpal Kumar. Recounting a fascinating anecdote wherein, when asked about the institution's autonomy, he told a journalist: 'The RBI has full autonomy. I have the permission of my finance minister to tell you that. Remind Reddy about this incident and he says that the autonomy issue has been unnecessarily raised now and that it had been settled back. Advice and Dissent is an insider's saga on how the government and the RBI work. But throughout, to his credit, the author has resisted the temptation of sensationalising things.
I remember the Indian economy had to see the day in the early nineties when a country like India had to deposit its gold in the World Bank. In the regime of Rajiv Gandhi, the country's safe was empty and then. Chandrasekhar became the new Prime Minister The Tijori was empty. They got nervous and didn't know What to do? New business is not a business Unemployment and frustration was there all around at the time of license permit set by the Congress
It is rare for civil servants in India to pen memoirs. In part, that is because civil servants are used to working behind the scenes away from the public glare. In part, it may be because many take the notion and law of confidentiality very seriously. Whatever the reasons, India is poorer for it. Recording on files may provide some insight into how policies are made but many of the most critical aspects of policymaking which involve the unwritten word, human interaction and an acute sense of context can only be revealed by those closely involved in decision-making.