An announcement regarding a new agreement to extend beyond 2001 will be made well before the end of the year. In a world that is subject to all kinds of shocks and with financial markets increasingly more open and globalized, monetary policy actions stand a better chance of being effective if they are more predictable and better understood by the public.
V S Das: Towards making right to information act more meaningful Speech by Mr V S Das, Executive Director of the Reserve Bank of India, at a seminar on Right to Information by Moneylife Foundation, Mumbai, 3 September 2011.