When the randomness of monetary policy

The real issue may be that the RBI does not really subscribe to the mandate it has been given, and the govt, in a pre-election year, quietly supports such agnosticism, writes T N Ninan

In 1943, Hermann Hesse, then a future Nobel laureate, published a novel titled Magister Ludi (Latin for “Master of the Game”). The “Glass Bead Game”, another title for the book, is not defined. It takes place in the future, in a place dedicated to the life of the mind. Those playing the game,