A well written article carrying the responsibilities of a Central Banker. While Inflation target is required to be attained as on a future specified time, the Fiscal deficit of the Government which has a direct impact on the growth and inflation and  where the Central banker has limited Control needs to be closely monitored and expected to be maintained by the Central Government  at a level acceptable to the Central Bank, the financial  market and external economies. The Dosa economics needs to be convincingly established before the public both gullible and intelligent. The Financial Stability has to be ensured with acceptable level of volatility in exchange rates, market indices, through the tools CRR,SLR and Interest rates . SLR cannot be easily altered to suit the Government Finances and at the same time CRR needs to be managed to meet the Liquidity requirements in the declining scenario of savings, increasing trend in bad debts , stagnation in economic growth, and lot of political uncertainties ensuring at least working autonomy of the Central bank.The mind of the Government needs to be thoroughly understood and acted upon to change policy rates irrespective of the real need to change purely based on Economic Fundamentals. All the problems faced by the Central bank have to be adequately covered up and supported by the effective Communication that it often spells out orally or in black and white. All said, I am the Central Bank and I would do what I want to do is the message the Central Bank has to convey to public and to its master .        

Dr T V Gopalakrishnan

( This comment is in response to the Article by Dr A Vasudevn in Business Standard Dated 25/3/16)