What I am saying is that it is very urgent that we cultivate our capabilities and build up our capacity now for internalization of issues in the global economy. Monetary policy is no panacea, but there is no denying that its content is changing very rapidly.
Trading in stock exchanges Considering the reach and familiarity of the exchange platforms, promotion of trading in G-sec on the exchanges can be an another means of activating retail interest in G-sec. Reserve Bank is considering allowing banks and PDs to become members of exchanges to undertake proprietary trades in G-sec.