RBI’s Subbarao justifies greater central bank focus on poverty
The governor of the Reserve Bank of India (RBI), Duvvuri Subbarao, on January 19 justified the central bank's move "out of its traditional domain" and towards a greater focus on the identification and measurement of poverty.
Delivering the welcoming remarks at a memorial lecture in Pune, Subbarao said an awareness of poverty was an important step towards a "holistic assessment" of central bank policies. He noted that inflation affected different segments of society differently, and added: "One
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