The Tribune India · DistrictNews · 2026-09-06
The economics of U-turns
THE Reserve Bank of India recently gave a small but revealing lesson in economic policymaking. On August 5, Governor Sanjay Malhotra was asked whether the special FCNR(B) scheme, designed to attract foreign currency deposits from non-resident Indians, might be closed before its scheduled September 30 deadline. He said there was no proposal to do so. [...].
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