This book provides a commentary on recent financial policies covering macroeconomic perspectives, monetary-fiscal policies, external sector policies, particularly exchange rate management and gold.

The collection would be of interest to the general reader with broad interest in financial policies as also policymakers, opinion makers, banks and financial institutions, academics and students of finance.

Keynes, in The Economic Consequences of the Peace wrote: There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. S.S. Tarapore stresses the socio-economic destruction caused by negligent fiscal-monetary policies. This work by a disciple of Jacques Rueff, the great French monetary statesman, should persuade the authorities to view the classical gold standard as an impressive tool for generating a macroeconomic climate conducive to equitable prosperity. This volume deserves close study by central banks, finance ministries, legislators, monetary-fiscal policymakers, academics as also discerning citizens—not only from India but all key and emerging economies.
— Ralph Benko

    Weekly Columnist, Forbes.com, and Senior Advisor, Economics

    to the American Principles Project, Washington DC.

A clear and incisive analysis of India's financial issues which are relevant to both policymakers and the discerning public. Mr. Tarapore draws the bottom line and you just can't ignore it. A must read.
— Kishori Udeshi

    former Deputy Governor, Reserve Bank of India and

    Member, Financial Sector Legislative Reforms Commission,

    Govt. of India.

This book provides sound, highly relevant and penetrating analyses of India's recent financial and economic policies by a hugely experienced financial expert. It makes essential reading for all concerned with India's economic future.
— C.A. Yandle

    former International Monetary

    Fund senior (fiscal) official.

An eminently readable collection of columns which contain valuable and unambiguous advice to the Reserve Bank of India—as a central bank and banking regulator—and to the government on a wide range of macroeconomic and financial sector policies. Mr Tarapore's unique style adds to the lucidity of his argument. You may not like it always, but you cannot ignore it.
— Usha Thorat

    former Deputy Governor Reserve Bank of India and

    currently Director, Centre for Advanced Financial Research

    and Learning (CAFRAL).

Savak Sohrab Tarapore, BA (Honours) Economics, Sheffield University (1958), MSc (Economics), London University (1960) and Doctor of Laws, honoris causa, Sheffield University (1996), was a career central banker who joined the Reserve Bank of India (RBI) as Research Officer in 1961 and retired as Deputy Governor in 1996. During the period 1971-1979, he was seconded to the International Monetary Fund (IMF). Since retirement, he has chaired a number of official Committees/Boards and has been a regular columnist successively for the Business Standard, the Financial Express and the Divya Bhaskar.

Currently he is a regular columnist for the Hindu Business Line. He also runs a syndicated column which appears in five languages. He is a member of the Court of Governors of the Administrative Staff College of India, Hyderabad, a distinguished fellow of the Skoch Development Foundation, New Delhi and a member of the Gold Advisory Board of the American Principles Project (Washington DC, USA).