The corner-stone of this realignment exercise was to overhaul and re-engineer governance and management in the rural co-operative credit structure with a view to preventing recurrence of such financial haemorrhaging. And, significantly, to reinforce, and sustain, overhauled and re-engineered governance in such financially rejuvenated and renewed cooperative credit structure, effective and credible supervision and regulation is a sine qua non.
Our job is to maintain price stability, ensuring that price changes within the broader economy don’t move either too high or too low. If prices increase (inflation) too quickly, it is harder for businesses and consumers to plan.