Daily News Analysis

Central Banker Report Cards 2024

stylish_lining
  • RBI Governor Shaktikanta Das has been awarded an A+ rating in the Global Finance Central Banker Report Cards 2024.
  • This marks his second consecutive year being rated A+ and ranking in the top 3 central bankers globally.

Role of Central Banks

  • Central banks are crucial for:
  • Regulating Monetary Policy: They control inflation, manage interest rates, and maintain financial system stability.
  • Acting as Lender of Last Resort: Providing funds to commercial banks in financial distress to prevent systemic failures.
  • Ensuring Price Stability: Aiming for stable prices to foster economic confidence.

Importance of Central Bank Governors

  • Central bank governors shape monetary policy, ensure financial stability, and effectively communicate with the public.
  • Their actions significantly influence overall economic performance.

About the Central Banker Report Cards

  • Published annually by Global Finance since 1994.
  • Assesses and grades the performance of central bank governors in 101 countries, territories, and regions.
  • Also includes evaluations of entities like the European Union and various regional central banks.
  • Recognizes governors whose strategies stand out for their originality and creativity.

Grading Criteria

  • Grades range from A to F, based on:
  • Inflation Control
  • Economic Growth Goals
  • Currency Stability
  • Interest Rate Management
  • An “A” grade indicates excellent performance, while an “F” denotes outright failure.

Conclusion

Shaktikanta Das’s consistent high rating reflects effective leadership and policy-making at the Reserve Bank of India, contributing to the country’s economic stability and growth.

International Year of the Woman Farmer

The United Nations General Assembly's declaration of 2026 as the International Year of the Woman Farmer marks an important milestone in recognizing the pivotal role women play in global agricu
Share It

Mental Health Coverage in India

India has made significant strides in integrating mental health treatment into its health insurance policies, following the Mental Healthcare Act, 2017 and the IRDAI directive, which now mandates
Share It

India and EU

The recent UK-EU agreement presents a Eurocentric framework that primarily benefits European integration but also holds substantial implications for India in terms of both opportunities and challe
Share It

Paris Agreement

India’s progress on its climate commitments under the Paris Agreement has been commendable, with significant achievements in areas like non-fossil fuel capacity, carbon sinks, and emissions
Share It

cooperative and fiscal federalism

India’s journey toward cooperative and fiscal federalism over the past decade has resulted in significant changes in the relationship between the Centre and state governments. The shift towa
Share It

The Evolving Landscape of Warfare

The recent asymmetric strike by Ukraine, Operation Spiderweb, which involved long-range drone assaults on Russian air bases, offers critical insights into modern warfare. This operation not only h
Share It

India-Maldives

India’s Prime Minister’s participation as the guest of honor at the 60th Independence Day celebrations of the Maldives represents a significant reset in bilateral relations, offering a
Share It

Insolvency and Bankruptcy Code (IBC)

The Insolvency and Bankruptcy Code (IBC), which was introduced in 2016, was designed to streamline and strengthen India’s insolvency resolution process. However, recent developments suggest
Share It

Bay of Bengal

India’s maritime ambitions in the Bay of Bengal are central to its geopolitical and economic strategies, but there are several challenges that need to be addressed to strengthen its leadersh
Share It

The Great Nicobar Project

The Great Nicobar Project is a massive infrastructure overhaul that has emerged as a focal point for India’s strategic and developmental ambitions. Piloted by NITI Aayog, the project is valu
Share It

Newsletter Subscription


ACQ IAS
ACQ IAS