<p>This book provides a commentary on recent financial policies covering macroeconomic perspectives, monetary-fiscal policies, external sector policies, particularly exchange rate management and gold.</p> <p>&nbsp;</p> <p>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.</p>

<p>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.<br /> <strong>— Ralph Benko</strong></p> <p><strong>&nbsp; &nbsp;&nbsp;</strong>Weekly Columnist, Forbes.com, and Senior Advisor, Economics</p> <p>&nbsp; &nbsp; to the American Principles Project, Washington DC.</p> <p><br /> 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.<br /> <strong>— Kishori Udeshi</strong></p> <p><strong>&nbsp; &nbsp;&nbsp;</strong>former Deputy Governor, Reserve Bank of India and</p> <p>&nbsp; &nbsp; Member, Financial Sector Legislative Reforms Commission,</p> <p>&nbsp; &nbsp; Govt. of India.</p> <p><br /> 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.<br /> <strong>— C.A. Yandle</strong></p> <p><strong>&nbsp; &nbsp;&nbsp;</strong>former International Monetary</p> <p>&nbsp; &nbsp; Fund senior (fiscal) official.</p> <p><br /> 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.<br /> <strong>— Usha Thorat</strong></p> <p><strong>&nbsp; &nbsp;&nbsp;</strong>former Deputy Governor Reserve Bank of India and</p> <p>&nbsp; &nbsp; currently Director, Centre for Advanced Financial Research</p> <p>&nbsp; &nbsp; and Learning (CAFRAL).</p>

<p><strong>Savak Sohrab Tarapore</strong>, BA (Honours) Economics, Sheffield University (1958), MSc (Economics), London University (1960) and Doctor of Laws, <em>honoris causa</em>, 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 <em>Business Standard</em>, the <em>Financial Express</em> and the <em>Divya Bhaskar</em>.</p> <p>&nbsp;</p> <p>Currently he is a regular columnist for the <em>Hindu Business</em> 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).</p>