We have seen the debate within the G-20, evolving to these policy aspects. This morning the clear distinction between monetary and fiscal policy was made, with the later, definitely, better suited to tackle micro problems.
It is a glowing testimony of his popularity and prowess that Mysore in his times was regarded as “the best administered state in the world”. As Lord Sankey noted “princes from other sections of India were sent to Mysore for administrative training” and hence, holding this memorial lecture at this newly opened learning Centre holds an added significance.