The Bank, for the time being, should carefully assess whether or not this norm is on the verge of being shifted. Thank you. 8  Some economists argue that monetary policy brings about positive effects on productivity indirectly.
We in RBI are totally convinced that there is need to promote and publicise gilts as an investment instrument and we would greatly appreciate your cooperation in this endeavour. There is scope to reduce the cost of borrowing to Government by retailing and the investors, especially small investors, will benefit by access to safe gilt edged securities.