A FLY ON THE RBI WALL:
AN INSIDER’S VIEW OF THE CENTRAL BANK
AUTHOR
ALPANA KILLAWALA
PUBLISHED BY
RUPA PUBLICATIONS
PAGES
248
PRICE
Rs 595
Just by being in the communication department for my entire tenure in the RBI, I was synonymous with communication there. If the external world knew the RBI, it would first be through the governor, and then through me. The media would often say this to make fun of me. I called it an occupational hazard. However, by being in the same function for over 26 years, I was also a kind of memory bank on the communication function. Just as someone else would be in some other department. I see nothing wrong in it. Either you are an expert by education or you learn the job through experience.
Unfortunately, the moment one achieved expertise through experience, one would get transferred to a different department or a regional office. While transfer was an accepted principle, it was often executed with vengeance even at the RBI. There were many cases in which the RBI executed transfers only so that the incumbent did not develop expertise and did not enjoy the benefits deriving out of that, like connections with other central bankers or getting called for giving talks on the subject.
This became even more pronounced when RBI officers started getting opportunities to go abroad for learning or sharing their knowledge in the central banking community. A typical RBI officer would thus be a jack of all trades but master of none. I once called ourselves ‘mediocre’ in a top-management meeting and there was pin-drop silence for a moment. And then business moved ahead as if nothing had happened.
This story is from the July 2024 edition of Outlook Business.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the July 2024 edition of Outlook Business.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Adani After Hindenburg 2.0
In the days following Hindenburg's second shot at Gautam Adani, this time with Sebi chief Madhabi Puri Buch in the mix, Adani stocks held steady. But the trust of institutional investors remains to be regained
Where Are The Jobs?
India is staring at a crisis: the cohort of unemployed is growing. But the problem is deeper than mere lack of jobs. So Sitharaman's solutions in Budget 2024 will not be the silver bullet for the crisis
'STAINLESS STEEL SECTOR PROJECTED TO GROW AT 8-9%"
Stainless steel, known for its resistance to corrosion, recyclability and strength, has found its applications across sectors-from kitchen utensils to towering skyscrapers. Abhyuday Jindal, MD, Jindal Stainless discusses five drivers of growth in the stainless-steel sector of India
Harnessing Technology for India's Sporting Future: Insights from IITM
We wanted to bring the rigour of IIT Madras to revolutionise the field of sports as well. We wanted to use the core strengths of IIT Madras - high quality research and development as well as teaching.
Dream11: Driving Fan Engagement and Innovation
Dream11, founded by sports enthusiasts Harsh Jain and Bhavit Sheth, has grown into the world's largest fantasy sports platform by focusing on personalisation, innovation, and a deep understanding of user needs. In an exclusive interview with Outlook Business, Rahul Mirchandani, Chief Product Officer at Dream11 & Dream Sports, speaks about the company's unique approach to product development and user engagement. With over 220 million users, Dream11 emphasises personalisation, user engagement, and cutting-edge technology.
Sports Science Holds The Key to Olympic Wins
Director-in-charge and Head of National Centre for Sports Science and Research (NCSSR) Dr. Bibhu Kalyan Nayak speaks to Outlook on the importance of sports science in modern-day sports training.
Baller Athletik: Pioneering the Future of Sportswear Technology
How Baller Athletik is enhancing athletic performance and recovery with simple, yet powerful wearable tech.
Integrating Technology and Hands-on Training: The Future of Sports Education in India
The first-ever Sports Tech Conclave in India highlighted the importance of combining e-learning with practical experience to shape the future of sports education.
PASSING ON THE LEGACY
It is hard to achieve worklife balance if you are running a family business. For George Alexander Muthoot, managing director of Muthoot Finance, board meetings are the way to spend time with family
Pioneering a Sports Revolution: A Deep Dive into SFA's Vision and Impact on Indian Youth
In an exclusive conversation, the founders of Sports For All (SFA) share their journey of transforming grassroots sports in India. Rishikesh Joshi, a national-level swimmer, and his co-founder Vishwas Choksi, driven by their shared passion for sports, launched SFA with the vision of making sports accessible and enjoyable for every child in the country. From leveraging cutting-edge technology to ensuring inclusivity, SFA is not just nurturing future champions but also revolutionizing the sports landscape in India. This discussion delves into their inspiration, the rapid growth of SFA, and their ambitious goals for the future, shedding light on how they are shaping the next generation of Indian athletes.