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The Reserve Bank and the State Governments: Partners in Progress

Y V Reddy

Working Papers from eSocialSciences

Abstract: The States, relative to the Centre, have taken the centre-stage in the reform process since the areas of highest national priority now fall essentially within the purview of the States. The unique and productive partnership between the RBI and the State Governments in securing the progress of our economy, as part of economic reforms is chronicled here. [Address at the Madras School of Economics, Chennai].

Keywords: primary deficit; state; pension; fiscal deficit; primary deficit; fiscal management; state domestic product; development; states; centre; education; economy; mutual trust; economic reforms; RBI; government; national priority; open market borrowings (search for similar items in EconPapers)
Date: 2007-09
Note: Institutional Papers
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