FM Nirmala Sitharaman's word of caution for RBI? What she said on central bank's handling of inflation

Reserve Bank will have to be more synchronised with the fiscal policy and other factors in taming inflation.

Inflation management cannot be singularly left to the monetary policy

Which has proved totally ineffective in many countries

India's solution to handling the economy, part of which is handling inflation also is an exercise

where the fiscal policy, together with the monetary policy has to work

There are economies where policy is designed in such a way that the monetary policy and the interest rate management is the one and the only tool to handle inflation

the word taming inflation or the word keeping it within the tolerance limit is an exercise of so many different activities and majority of which is outside of the monetary policy given in today's circumstances

RBI needs nore synchronised to handle inflation

There could have been a time when people would have thought this is sacrilegious for the finance minister of a country