India has been always been a country which has fostered innovation and development in the area of payment and settlement systems. The past Keynote Address by Shri B. P. Kanungo, Deputy Governor, Reserve Bank of India, at the NPCI National Payments Excellence Awards function, Mumbai, on May 29, 2018. Inputs received from the Department of Payment & Settlement Systems are acknowledged.
In sum, then, I found reading the paper to be useful and instructive because it reminded me not only of what we have learned but also of what we still do not know. 2  James H. Stock and Mark W. Watson (2007), "Why Has U.S. Inflation Become Harder to Forecast?" Journal of Money, Credit, and Banking, supplement to vol. 39 (February), pp. 3-33.