Let me just list a few of our affirmative action regulations. We have a directed credit scheme, called priority sector lending, whereby all banks are required to ensure that at least 40 per cent of their credit goes to identified priority sectors like agriculture and allied activities, micro, small and medium industries, low cost housing and education1.
Chance is inherent in all natural phenomena, and the only way of understanding nature and making predictions  1  Cohen, Morris R., on “Scientific Method,” in The Encyclopaedia of the Social Sciences. BIS central bankers’ speeches  1  is to study the laws of chance and formulate appropriate rules of action.