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Journalism of Courage
While there may be no immediate tangible and meaningful benefits for India,the G20 nations have acknowledged that excess volatility of financial flows and disorderly movements in exchange rates can have adverse implications for economic and financial stability,as observed recently in some emerging markets.
While it was clear that monetary policies of central banks would be formulated and tailored in the interest of their respective countries and support their economic recovery,the G20 communique,issued after the conclusion of the summit on Friday,noted that it was important to remain mindful of the risks and unintended negative side effects of extended periods of monetary easing.
8230; Our central banks have committed that future changes to monetary policy settings will continue to be carefully calibrated and clearly communicated, the communiqué noted.
Secretary,department of economic affairs,Arvind Mayaram,said,a roadmap on the changes in monetary policy would be immensely useful. I believe this will help India, Mayaram said.
