The code of ethics that the Board of Directors of the Bank of Italy approved this morning contains a provision to that effect for this institution. Effective governance arrangements are equally important. Especially where ownership is fragmented, self-referential forms of governance must be prevented from taking hold.
The states which were, hitherto, lagging behind such as Madhya Pradesh,  BIS central bankers’ speeches  1  Bihar, Orissa, Rajasthan and Uttar Pradesh, are also expected to contribute significantly to India’s growth story during the current decade. The 11th Five Year Plan carried the objective of faster and more inclusive growth.