I hope that this conference will serve as a forum for the better understanding of the very nature of the uncertainty that surrounds our economic environment, and for the discussion of how we can manage a range of uncertainties. I believe that our in-depth discussions will lead to a better way of dealing with uncertainty in monetary policy-making.
*  *  *  I did not have the privilege of meeting Nani Palkhivala, but every citizen of India has been affected in some way by his life’s work, and owes him a debt of gratitude.