New series on WPI inflation  As you know, the Reserve Bank looks at various indices and indicators of inflation. WPI inflation is taken as the headline inflation in India. The Reserve Bank’s policy articulation and inflation projection are in terms of WPI. Hence the new series on WPI is of particular importance.
[Slide 17 – HLEG proposal] Thus we in the Group proposed the separation of core commercial banking which is allowed to take insured deposits from trading and market making activities which are not allowed to take deposits. Financial linkages between the separated entities need to be limited in order to make the separation effective.